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Exhibit 2.2
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ASSIGNMENT AGREEMENT
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MERCANTILE BANCORPORATION INC. OF ARKANSAS, an Arkansas corporation
("Mercantile-Arkansas") hereby sells, assigns, transfers and sets over to THE
TWIN CITY BANK, an Arkansas state bank ("TCB"), its successors and assigns
Mercantile-Arkansas's right to receive the assets and its obligation to assume
the liabilities associated with the 0000 Xxx Xxxxxx, Xxxxxx Xxxxxxxx, 00000,
and the Xxxxxxx 00 xx Xxxxxxxxxxx Xxxxx, Xxxxxx, Xxxxxxxx, 00000 branch
offices (the "Conway Branch Offices") of Security Bank of Conway, F.S.B., a
federally-chartered stock savings bank ("SBC"), pursuant to the terms of that
certain Amended and Restated Agreement and Plan of Reorganization by and among
Mercantile Bancorporation Inc, Mercantile-Arkansas, and SBC, dated July 7,
1995, as amended and restated September 18, 1995 (the "Agreement"). With
respect to the assets and liabilities of the Conway Branch Offices, TCB shall
have all rights held by Mercantile-Arkansas under the Agreement, on TCB's own
behalf and in TCB's own name, to take any action permitted by and in
connection with the Agreement.
IN WITNESS WHEREOF, Mercantile-Arkansas has executed this Assignment
Agreement this 27th day of September, 1995.
MERCANTILE BANCORPORATION INC. OF
ARKANSAS
By: /s/ Xxxx X. XxXxxxx
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Xxxx X. XxXxxxx
President and Chairman
ATTEST:
/s/ Xxx X. Xxxxxxxx
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Xxx X. Xxxxxxxx, Secretary
This Assignment Agreement is accepted as of this 27th day of
September, 1995, and TCB hereby agrees to accept and discharge
Mercantile-Arkansas's right to receive the assets and its obligation to assume
the liabilities of the Conway Branch Offices of SBC pursuant to the terms of
the Agreement.
THE TWIN CITY BANK
By: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx
President and CEO
ATTEST:
/s/ Xxx Xxxxxx
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