DIRECTOR AGREEMENTDirector Agreement • October 28th, 2009 • State Bancorp Inc • State commercial banks • New York
This Director Agreement (this “Agreement”) is entered into as of October 27, 2009, by and among State Bancorp Inc., a New York corporation (the “Company”), and each of Financial Edge Fund, L.P., Financial Edge-Strategic Fund, L.P., PL Capital/Focused Fund, L.P., Goodbody/PL Capital, L.P., Goodbody/PL Capital, LLC, PL Capital Advisors, LLC, PL Capital, LLC, John W. Palmer and Richard J. Lashley (each a “PL Capital Party” and collectively the “PL Capital Parties”). Except as the context otherwise requires, all capitalized terms shall have the meaning as defined in Section 1.1 hereof.
