PURCHASE AND ASSUMPTION AGREEMENTPurchase and Assumption Agreement • April 21st, 2010 • Washington Banking Co • State commercial banks
THIS AGREEMENT, made and entered into as of the 16th day of April, 2010, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of CITY BANK, LYNNWOOD, WASHINGTON (the "Receiver"), WHIDBEY ISLAND BANK, organized under the laws of the state of Washington, and having its principal place of business in Coupeville, Washington (the "Assuming Institution"), and the FEDERAL DEPOSIT INSURANCE CORPORATION, organized under the laws of the United States of America and having its principal office in Washington, D.C., acting in its corporate capacity (the "Corporation").
