PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF OLD SOUTHERN BANK, ORLANDO, FLORIDA FEDERAL DEPOSIT INSURANCE CORPORATION and CENTENNIAL BANK DATED AS OF MARCH 12, 2010Purchase and Assumption Agreement • March 18th, 2010 • Home Bancshares Inc • State commercial banks • New York
THIS AGREEMENT, made and entered into as of the 12th day of March, 2010, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of OLD SOUTHERN BANK, ORLANDO, FLORIDA (the “Receiver”), CENTENNIAL BANK, organized under the laws of the State of Arkansas, and having its principal place of business in Conway, Arkansas (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”).
