CONFIDENTIAL TREATMENT REQUESTED Triumph Investment Managers LLC Engagement Agreement with First Security Group, Inc. and FSGBank, N.A.Engagement Agreement • May 4th, 2011 • First Security Group Inc/Tn • National commercial banks • Tennessee
This Engagement Agreement (the “Agreement”) sets forth the principal terms and conditions whereby Triumph Investment Managers, LLC (“TIM”) is to assist the management and board of directors of First Security Group, Inc. (“First Security” or the “Company” and FSGBank (the “Bank,” and, collectively with the Company, “FSGI”) with strategic advisory services (“Advisory Services”) designed to assist the management of the Company and Bank in the process of improving the current business strategies and fundamental banking processes in order to create a profitable, diversified, and core-funded regional bank franchise. As part of the Agreement, TIM and FSGI contemplate the development of a business plan that may include a proposal for realigning FSGI’s organizational structure and operational strategies to foster greater accountability, and the development of a relationship-based banking philosophy.
