PURCHASE AND ASSUMPTION AGREEMENT AMONG CENTURA BANK, TRIANGLE BANK AND FIRST SOUTH BANK PURCHASE AND ASSUMPTION AGREEMENT --------------------------------- ARTICLE I - TRANSFER OF ASSETS AND LIABILITIES Section 1.1. Transferred Assets Section 1.2....Purchase and Assumption Agreement • December 22nd, 1999 • Newsouth Bancorp Inc • Savings institution, federally chartered • North Carolina
