0001116502-06-001099 Sample Contracts

ASSET ACQUISITION AND ASSUMPTION AGREEMENT among SUN AMERICAN BANCORP SUN AMERICAN BANK and BEACH BANK Dated as of May 17, 2006

Asset Acquisition and Assumption Agreement • May 23rd, 2006 • Sun American Bancorp • State commercial banks • Florida

• Contract Type
  Asset Acquisition and Assumption Agreement
• Filed
  May 23rd, 2006
• Company
  Sun American Bancorp
• Industry
  State commercial banks
• Jurisdiction
  Florida

ASSET ACQUISITION AND ASSUMPTION AGREEMENT (this “Agreement”), dated as of May 17, 2006, among Sun American Bancorp, a Delaware business corporation (“SAB”), Sun American Bank, a Florida commercial banking association and a wholly-owned subsidiary of SAB (“SB”) and Beach Bank, a Florida commercial banking association (“BB”).