SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • March 30th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • North Carolina
This Separation and Release Agreement (this “Agreement”) is made as of this 27th day of January, 2012, by and between Crescent State Bank (the “Bank”), a North Carolina-chartered bank and Thomas E. Holder, Jr. (the “Executive”), a resident of the State of North Carolina.
SEPARATION AND RELEASE AGREEMENTSeparation and Release Agreement • March 30th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • North Carolina
This Separation and Release Agreement (this “Agreement”) is made as of this 30th day of January, 2012, by and among Crescent Financial Bancshares, Inc. (the “Company”), a Delaware corporation and successor to Crescent Financial Corporation, a North Carolina corporation; Crescent State Bank (the “Bank”), a North Carolinas chartered bank (the Company and the Bank are collectively referred to herein as the “Employer”); and Michael G. Carlton, a resident of the State of North Carolina (the “Executive”).
AFFILIATE SERVICES AGREEMENTAffiliate Services Agreement • March 30th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks
This Agreement, by and between Piedmont Community Bank Holdings, Inc. a corporation incorporated under the laws of the State of Delaware (“Piedmont”), Crescent Financial Bancshares, Inc., a corporation incorporated under the laws of the State of Delaware (“Crescent Financial”), Crescent State Bank, a bank organized under the laws of the State of North Carolina (“CSB”), and VantageSouth Bank, a bank organized under the laws of the State of North Carolina (“VantageSouth”), is made and executed to be effective as of January 1, 2012.
