STATE OF NORTH CAROLINA COUNTY OF WAKEResignation, Retirement and Release Agreement • March 3rd, 2009 • First Citizens Bancshares Inc /De/ • State commercial banks • North Carolina
THIS RESIGNATION, RETIREMENT AND RELEASE AGREEMENT (the "Agreement") is made and entered into by and between FIRST-CITIZENS BANK & TRUST COMPANY, a North Carolina banking corporation with its principal place of business in Raleigh, Wake County, North Carolina (the "Bank"); FIRST CITIZENS BANCSHARES, INC., a Delaware corporation with its principal place of business in Raleigh, Wake County, North Carolina ("BancShares") and IRONSTONE BANK, an OTS savings bank with its principal place of business in Raleigh, Wake County, North Carolina ("IronStone"); and LEWIS R. HOLDING, a resident of Nassau, Bahamas ("Holding") (individually referred to as "Holding") and (Bank, BancShares, IronStone and Holding collectively referred to as the "Parties") on this, the 25th day of February, 2009;
