Exhibit 2 (b)
AMENDMENT TO BULK PURCHASE/SALES AGREEMENT
THIS AMENDMENT, entered into as of this 31st day of August, 1996, by and
between Great Western Bank, a Federal Savings Bank (hereinafter referred to as
"Seller") and First Community Financial Services, Inc., a California corporation
(hereinafter referred to as "Buyer"),
WITNESSETH:
WHEREAS, the Buyer and Seller entered into a Bulk Purchase/Sales Agreement (the
"Agreement") dated April 30, 1996 relating to the transfer of certain Sales
Contracts and Loan Contracts and related assets and liabilities held in the name
of Seller doing business as Great Western Financial Services; and
WHEREAS, the Agreement specified that the Buyer would assume Seller's deferred
state and federal tax liabilities in the approximate amount of $1,450,000
arising from the transaction in partial consideration for the purchase of the
Sales and Loan Contracts; and
WHEREAS, the Buyer and Seller desire to cancel Buyer's obligation to assume such
tax liabilities in consideration of Buyer's paying Seller $1,476,019.52.
NOW, THEREFORE, in consideration of the payment by Buyer to Seller of
$1,476,019.52 on the date hereof, the parties hereto agree that Buyer shall have
no obligation for Seller's deferred state and federal tax liabilities arising
from the transfer referenced above and the Agreement is amended accordingly.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
day and year stated above.
GREAT WESTERN BANK, A FEDERAL FIRST COMMUNITY FINANCIAL
SAVINGS BANK SERVICES, INC.
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxx X. Xxxx
Xxxxxxx X. Xxxxx
First Vice President
