PURCHASE AND ASSUMPTION AGREEMENT Dated as of August 13, 2019 By and Among ILLINOIS BANK & TRUST, ROCKFORD BANK AND TRUST COMPANY and QCR HOLDINGS, INC. (SOLELY FOR PURPOSES OF THE SECTIONS IDENTIFIED HEREIN)Purchase and Assumption Agreement • August 13th, 2019 • QCR Holdings Inc • State commercial banks • Illinois
This PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is entered into as of August 13, 2019, by and among ILLINOIS BANK & TRUST, a state bank organized under the laws of the State of Illinois (“Purchaser”), QCR HOLDINGS, INC., a corporation organized under the laws of the State of Delaware (“Parent”), and ROCKFORD BANK AND TRUST COMPANY, a state bank organized under the laws of the State of Illinois (“Seller”). Parent is only a signatory to the Agreement for purposes of providing the covenants and agreements set forth in Section 5.5, Section 5.6, Section 8.13(e) and Section 8.18.
