FORM OF] WEST END BANK, S.B. EMPLOYMENT AGREEMENTEmployment Agreement • July 12th, 2011 • West End Indiana Bancshares, Inc. • Indiana
This Employment Agreement (this “Agreement”) is made effective as of __________ __, ____ (the “Effective Date”), by and between West End Bank, S.B., an Indiana-chartered savings bank (the “Bank”) and ___________ (“Executive”). The Bank and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean West End Indiana Bancshares, Inc., the stock holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.
March 28, 2011Engagement Letter • July 12th, 2011 • West End Indiana Bancshares, Inc. • New York
This letter confirms the engagement of Keefe, Bruyette & Woods, Inc. (“KBW”) to act as the conversion agent to West End Bank, MHC (the “MHC”), West End Bancshares, Inc. (the “Bancshares”), and West End Bank, S.B. (the “Bank”) in connection with the proposed conversion and reorganization from the mutual holding company form of organization to a stock holding company form of organization pursuant to a Plan of Conversion and Reorganization to be adopted by the MHC, the Bancshares, and the Bank (the “Reorganization”). In order to effect the Reorganization, it is contemplated that the MHC will merge into the Bancshares and the Bancshares will merge into a new stock holding company (the “Holding Company”) and that the Holding Company will offer and sell shares of its common stock (the “Common Stock”) to eligible persons in a Subscription Offering, with any remaining shares offered to the general public in a Community Offering (the Subscription Offering, the direct Community Offering and any
RP® FINANCIAL, LC. Serving the Financial Services Industry Since 1988Appraisal Services Agreement • July 12th, 2011 • West End Indiana Bancshares, Inc.
This letter sets forth the agreement between West End Bank, S.B., Richmond, Indiana (the “Bank”), the wholly-owned stock subsidiary of West End Bank, MHC, and RP® Financial, LC. (“RP Financial”) for independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction and stock bank holding company reorganization.
RESTATED DIRECTOR RETIREMENT PLAN FOR JOHN HITCH WEST END SAVINGS BANK Richmond, Indiana March 1, 2004 Financial Institution Conssulting Corporation Memphis, Tennessee 38117 WATS: 1-800-873-0089 FAX: (901) 684-7414Director Retirement Plan • July 12th, 2011 • West End Indiana Bancshares, Inc.
This Restated Director Retirement Plan (the “Agreement”), effective as of the 1st day of March, 2004, restates the Directors Retirement Plan and the Joinder Agreement for John Hitch attached thereto which were effective January 1, 2000, and formalizes the understanding by and between WEST END SAVINGS BANK (the “Bank”), a state chartered savings bank having its principal place of business in Richmond, Indiana, and JOHN HITCH (hereinafter referred to as “Director”).
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR JOHN MCBRIDE WEST END BANK RICHMOND, INDIANA JANUARY 1, 2007 Financial Institution Consulting Corporation Memphis, Tennessee 38117 WATS: 1-800-873-0089 FAX: (901) 684-7414Supplemental Executive Retirement Plan • July 12th, 2011 • West End Indiana Bancshares, Inc.
This Supplemental Executive Retirement Plan (the “Agreement”), effective as of January 1, 2007, formalizes the understanding by and between West End Bank (the “Bank”), a state chartered savings bank having its principal place of business in Indiana, and John McBride (hereinafter referred to as “Executive”).
