EMPLOYMENT AGREEMENTEmployment Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated as of December 27, 2005, is made by and between Atlantic Bancshares, Inc., a South Carolina corporation (the “Employer” or the “Company”), which is the holding company for Atlantic Community Bank (Proposed), a proposed South Carolina state bank (the “Bank”), and Anthony G. Schob, an individual resident of South Carolina (the “Executive”). Each of the Organizers of the Bank shall also be a party to this Agreement until the date the Bank opens.
EMPLOYMENT AGREEMENTSeverance Agreement and Release • February 11th, 2008 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
This Employment Agreement (Agreement) dated as February 8, 2008, is made by and between Atlantic Bancshares, Inc., (Company) a South Carolina corporation which is the holding company for Atlantic Community Bank (Bank), a South Carolina state bank, (collectively referred to as Employer) and Robert P. Trask (Executive).
NEXITY BANK AMENDED AND RESTATED ESCROW AGREEMENT Relating to Subscriptions for Shares of Atlantic Bancshares, Inc.Escrow Agreement • October 6th, 2005 • Atlantic Bancshares, Inc. • State commercial banks • Alabama
This Agreement (the “Agreement”) is made and entered into as of the _____ day of October, 2005, and amends and restates that certain escrow agreement dated August 4, 2005, by and among certain investors (collectively, the “Investors”) who have executed a Subscription Agreement (the “Subscription Agreement”) (and which Subscription Agreement expressly refers to and incorporates this Escrow Agreement); Atlantic Bancshares, Inc., a South Carolina corporation (the “Company”); Nexity Bank (the “Escrow Agent”); and SAMCO Capital Markets, a division of Penson Financial Services, Inc., solely for the limited purpose set forth in Section 1 below.
ATLANTIC BANCSHARES, INC. STOCK WARRANT AGREEMENTAtlantic Bancshares, Inc. • March 31st, 2006 • State commercial banks
Atlantic Bancshares, Inc. (the “Company”), a South Carolina corporation and the holding company for Atlantic Community Bank (proposed) (the “Bank”), hereby grants to the person identified above as the Warrant Holder warrants (the “Warrants”) to purchase the number of shares set forth above, representing one share of common stock for every share of common stock purchased by the Warrant Holder in the Company’s initial public offering (provided that the maximum number of shares which may be covered by this Warrant is 10,000 shares), in consideration of the financial risk associated with Warrant Holder’s investment in the Company during its organizational stage and the time, expertise, and continuing involvement of the Warrant Holder in the management of the Bank. Such Warrants are granted on the following terms and conditions:
EMPLOYMENT AGREEMENTEmployment Agreement • August 10th, 2006 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
This Employment Agreement (Agreement) dated as August 7, 2006 is made by and between Atlantic Bancshares, Inc., (Company) a South Carolina corporation which is the holding company for Atlantic Community Bank (Bank), a South Carolina state bank, (collectively referred to as Employer) and Michelle M. Monts (Employee).
LEASELease Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks
THIS LEASE, dated this 24th day of January, 2006, by and between CAROLINA PARTNERS, LLC (“Landlord”) and Atlantic Bancshares, Inc. (Tenant), hereinafter designated in Section 1.4 hereof.
December 29, 2009Securities Purchase Agreement • December 29th, 2009 • Atlantic Bancshares, Inc. • State commercial banks
Atlantic Bancshares, Inc. (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”) with the United States Department of Treasury (the “Treasury”) that provides, among other things, for the purchase by the Treasury of securities issued by the Company. This purchase is anticipated to occur as part of the Company’s participation in the Treasury’s Troubled Asset Relief Program - Capital Purchase Program (the “CPP”).
STATE OF SOUTH CAROLINA ) COMMERCIAL SPACE LEASE COUNTY OF BEAUFORT ) UNIT #108Lease Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
THIS COMMERCIAL SPACE LEASE made as of this 1st day of January, 2006, by and between ANTHONY G. SCHOB (“Landlord”) and ATLANTIC BANCSHARES (“Tenant”).
UNITED STATES DEPARTMENT OF THE TREASURY Washington, D.C. 20220 December 29, 2009Atlantic Bancshares, Inc. • December 29th, 2009 • State commercial banks
Reference is made to that certain Letter Agreement incorporating the Securities Purchase Agreement — Standard Terms dated of as of the date of this letter agreement (the “Securities Purchase Agreement”) between United States Department of Treasury (“Investor”) and the company named on the signature page hereto (the “Company”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.
STATE OF SOUTH CAROLINA ) ) COMMERCIAL LEASE COUNTY OF BEAUFORT )Atlantic Bancshares, Inc. • August 10th, 2006 • State commercial banks • South Carolina
THIS COMMERCIAL LEASE, made as of the 9th day of August, 2006, by and between MB Partners, LLC, a South Carolina limited liability company (hereinafter referred to as the “LANDLORD”) and Atlantic Community Bank (hereinafter collectively referred to as the “TENANT”).
SUBLEASESublease • August 5th, 2005 • Atlantic Bancshares, Inc.
THIS SUBLEASE, made as of June 30, 2005 by and between Atlantic Bancshares, Inc., a South Carolina corporation (hereinafter called “Sublessee”) and Regional Bankshares, Inc., a South Carolina corporation (hereinafter called “Sublessor”);
SAMCO CAPITAL MARKETS A Division of Penson Financial Services, Inc. AGREEMENTAgreement • August 5th, 2005 • Atlantic Bancshares, Inc.
This agreement, dated August 4, 2005, (the “Agreement”) sets forth the terms and conditions under which SAMCO Capital Markets, a division of Penson Financial Services, Inc. (“SAMCO”), will provide consulting services to, and in certain circumstances serve as a Sponsoring Dealer (as defined below) for, Atlantic Bancshares, Inc., a South Carolina corporation and proposed bank holding company located in Bluffton, South Carolina (collectively, “ABI” or the “Company”) in connection with its subscription offering for 1,200,000 shares of Company’s common stock at a price of $10.00 per share (the “Subscription Offering”). The Subscription Offering will be made through the prospectus (the “Prospectus” including any preliminary prospectus) incorporated in a registration statement on Form SB-2 (together with any amendments thereto the “Registration Statement”) to be filed with the U.S. Securities and Exchange Commission (“SEC”), by ABI and which ABI will provide to SAMCO. SAMCO and the Company ar
Atlantic Bancshares, Inc. PO Box 3077 Bluffton, South Carolina 29910Letter Agreement • August 5th, 2005 • Atlantic Bancshares, Inc. • South Carolina
This letter agreement (“Letter Agreement”) by and between Atlantic Bancshares, Inc., a South Carolina corporation (“Atlantic”), and Regional Bankshares, Inc., a South Carolina corporation (“Regional”), is to confirm the parties’ agreement with respect to certain issues related to the Regional’s withdrawal from a cooperative effort (the “Organizational Effort”) initiated on or around October 1, 2004 with a group of individuals (the “Organizers”) to form, raise capital for, and operate Atlantic Community Bank, a South Carolina state bank (proposed) (the “Bank”). This Letter Agreement is effective as of June 1, 2005 (“Effective Date”), whether or not it is executed by the parties on or after that date. The Organizers and Regional have assigned certain rights and responsibilities with respect to the Organizational Effort they may have possessed to Atlantic by means of an Assignment and Assumption Agreement, dated as of May 31, 2005, a copy of which is attached hereto as Attachment “A”.
SAMCO CAPITAL MARKETS A Division of Penson Financial Services, Inc. October __, 2005Agency Agreement • October 6th, 2005 • Atlantic Bancshares, Inc. • State commercial banks
At the request of the NASD, we have agreed to amend the agreement, dated August 4, 2005 (the “Agreement”), entered into by SAMCO Capital Markets, a Division of Penson Financial Services, Inc. (“SAMCO”) and Atlantic Bancshares, Inc. (the “Company”) under which SAMCO agreed to provide consulting services to, and in certain circumstances serve as a Sponsoring Dealer for, the Company in connection with its subscription offering for 1,200,000 shares of Company’s common stock at a price of $10.00 per share.
COMMERCIAL LEASE AGREEMENT TRIPLE NETCommercial Lease Agreement • February 11th, 2008 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
THIS COMMERCIAL LEASE AGREEMENT (“Lease”) is made effective February 5, 2008 by and between PARADIGM HOLDINGS, LLC whose address is P.O. Box 2045, Bluffton SC 29910 (“Landlord”) and ATLANTIC COMMUNITY BANK whose address is 1 Sherington Drive, Suite J, Bluffton , SC 29910 (“Tenant”).
