VIA HAND-DELIVERY PERSONAL AND CONFIDENTIAL Michael L. McClanahan Longwood, Florida 32779 Dear Michael:Severance Agreement • December 16th, 2009 • Floridian Financial Group Inc • State commercial banks • Florida
This letter agreement (“Agreement”), when countersigned by you, will set forth and constitute our agreement regarding the cessation of your employment with Orange Bank of Florida (“Orange Bank”), as well as its past and present officers, shareholders, directors, investors and employees (collectively the “Released Parties”) as follows:
