PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF NORTH COUNTY BANK, ARLINGTON, WASHINGTON FEDERAL DEPOSIT INSURANCE CORPORATION and WHIDBEY ISLAND BANK DATED AS OF SEPTEMBER 24, 2010Purchase and Assumption Agreement • September 28th, 2010 • Washington Banking Co • State commercial banks
THIS AGREEMENT, made and entered into as of the 24th day of September, 2010, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of NORTH COUNTY BANK, ARLINGTON, 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").
