PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF COOPERATIVE BANK, WILMINGTON, NORTH CAROLINA FEDERAL DEPOSIT INSURANCE CORPORATION and FIRST BANK DATED AS OF JUNE 19, 2009Purchase and Assumption Agreement • June 24th, 2009 • First Bancorp /Nc/ • State commercial banks • New York
THIS AGREEMENT, made and entered into as of the 19th day of JUNE, 2009, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of COOPERATIVE BANK, WILMINGTON, NORTH CAROLINA (the "Receiver"), FIRST BANK, organized under the laws of the United States of America, and having its principal place of business in TROY, NORTH CAROLINA (the "Assuming Bank"), 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").
