PURCHASE AND ASSUMPTION AGREEMENT by and between CITIZENS TRUST BANK Atlanta, Georgia and THE PEOPLES BANK Lithonia, Georgia Dated as of December 10, 2008Purchase and Assumption Agreement • December 16th, 2008 • Citizens Bancshares Corp /Ga/ • State commercial banks • Georgia
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 10th day of December, 2008 by and between Citizens Trust Bank, a Georgia state bank having its main office in Atlanta, Georgia (the “Buyer”), and The Peoples Bank, a Georgia state bank having its main office in Lithonia, Georgia (the “Seller”).
