PLEDGE AGREEMENTPledge Agreement • April 1st, 2009 • First National Bancshares Inc /Sc/ • National commercial banks • South Carolina
THIS AGREEMENT is made and entered into this 28th day of December, 2007, at Spartanburg, South Carolina, by and between FIRST NATIONAL BANCSHARES, INC. (“Pledgor”), and NEXITY BANK (“Lender”).
LOAN AGREEMENT COUNTY OF SPARTANBURG )Loan Agreement • April 1st, 2009 • First National Bancshares Inc /Sc/ • National commercial banks • South Carolina
THIS LOAN AGREEMENT (the “Agreement”), made this 28th day of December, 2007, by and among NEXITY BANK, a banking association with its principal office and place of business at 1122 Lady Street, Suite 1000, Columbia, South Carolina 29201 (hereinafter called the “Lender”), and FIRST NATIONAL BANCSHARES, INC., a South Carolina corporation (hereinafter called the “Borrower”).
Re: Loan and Stock Pledge Agreement (the "Agreement") dated December 31, 2007 between First National Bancshares, Inc. ("Borrower") and Nexity Bank ("Lender"), and a Commercial Promissory Note ("Note") of even date in the original principal amount of...Loan and Stock Pledge Agreement • April 1st, 2009 • First National Bancshares Inc /Sc/ • National commercial banks
This letter will follow up and confirm our recent conversation concerning Borrower's financial covenant defaults and our commitment to continue the Agreement subject to certain modifications.
