STOCK PURCHASE AGREEMENT FNB BANCORP, FIRST NATIONAL BANK OF NORTHERN CALIFORNIA, OCEANIC BANK HOLDING, INC., OCEANIC BANK, Oceanic Holding (BVI) Limited, AND WALTER J. MIX, IIi as Trustee, on behalf of the voting trust created under the voting trust...Stock Purchase Agreement • March 27th, 2012 • FNB Bancorp/Ca/ • State commercial banks • California
This STOCK PURCHASE AGREEMENT, dated as of March 25, 2012 (this “Agreement”), is entered into by and among FNB Bancorp, a California corporation registered under the Bank Holding Company Act of 1956, as amended (“Purchaser”); First National Bank of Northern California, a national banking association and wholly-owned subsidiary of Purchaser (“FNBNC”); Oceanic Bank Holding, Inc., a California corporation registered under the Bank Holding Company Act of 1956, as amended (the “Company”); Oceanic Bank, a California commercial banking corporation and wholly-owned subsidiary of the Company (the “Bank”); Oceanic Holding (BVI) Limited, a British Virgin Islands company registered under the Bank Holding Company Act of 1956, as amended (“BVI”), as the sole beneficiary of the voting trust created by that certain Voting Trust Agreement by and among BVI as the “Grantor,” Philippine National Bank and Walter J. Mix, III, as trustee, dated as of October 26, 2011, which became effective on October 28, 20
