3,000,000 Shares1 Franklin Bank Corp. Series A Non-Cumulative Perpetual Preferred Stock EQUITY UNDERWRITING AGREEMENTEquity Underwriting Agreement • May 4th, 2006 • Franklin Bank Corp • Savings institutions, not federally chartered • New York
Franklin Bank Corp., a Delaware corporation (the “Company”), proposes to sell to you, as underwriter (the “Underwriter”), an aggregate of 3,000,000 shares (the “Firm Shares”) of the Company’s Series A Non-Cumulative Perpetual Preferred Stock (the “Preferred Stock”), having the terms described in the Prospectus (as hereinafter defined). The Company also proposes to sell at the Underwriter’s option an aggregate of up to 450,000 additional shares of the Company’s Preferred Stock (the “Option Shares”) as set forth below.
