Common Contracts

UNITED STATES OF AMERICA BEFORE

January 8th, 2008

• Filed
  January 8th, 2008

WHEREAS, in recognition of their common goal to restore and maintain the financial soundness of Southern Bank of Commerce, Paragould, Arkansas (the “Bank”), a state chartered bank that is a member of the Federal Reserve System, the Bank, the Federal Reserve Bank of St. Louis (the “Reserve Bank”), and the Arkansas State Bank Department (the “Department”) have mutually agreed to enter into this Written Agreement (the “Agreement”); and