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EXHIBIT 10.27
VECTRA BANK Vectra Banking Corporation
0000 Xxxxx Xxxxxxxx Xxxxxxxxx, #000
Xxxxxx, Xxxxxxxx 00000
(000) 000-0000
Fax (000) 000-0000
July 28, 1995
Xx. Xxx Xxxx Xxxxx, President
Centennial Bank
00000 Xxxx Xxxxxxxx Xxxx
Xxxxxxxxx, Xxxxxxxx 00000
Dear Xxx Xxxx:
This letter will serve to confirm our agreement to purchase and your agreement
to sell up to $1,000,000 in federal funds to Vectra Bank ABA # 1020 03154.
I will instruct our cash management personnel to contact you to make related
arrangements.
Enclosed for your files is a copy of Vectra Bank's call report for the quarter
ended June 30, 1995 as well as our quarterly press release of earnings.
It is a pleasure doing business with you. Please contact me if you have any
questions.
Sincerely,
By /s/ Xxx X. Xxxx
------------------------------------
Xxx X. Xxxx, Chief Financial Officer
Enclosures
CONFIRMATION:
Vectra Bank:
This is to confirm the above stated federal funds sale and purchase agreement.
By /s/ Xxx Xxxx Xxxxx
------------------------------------
Xxx Xxxx Xxxxx, President
Centennial Bank
Date: August 1, 1995
10.27-1
