RP® FINANCIAL, LC. Serving the Financial Services Industry since 1988 August 17, 2011FS Bancorp, Inc. • October 3rd, 2011
This letter sets forth the agreement between 1st Security Bank of Washington, Mountlake Terrace, Washington (the “Bank”), and RP® Financial, LC (“RP Financial”) for independent appraisal services in connection with the stock to be issued concurrent with the Bank’s proposed mutual-to-stock conversion transaction. The specific appraisal services to be rendered by RP Financial are described below.
CHANGE OF CONTROL AGREEMENTChange of Control Agreement • October 3rd, 2011 • FS Bancorp, Inc. • Washington
THIS AGREEMENT is entered into as of the _____ day of __________, 200__ (the “Effective Date”) by and between 1ST SECURITY BANK OF WASHINGTON (the “Bank”), a Washington chartered savings bank, and _______________________ (the “Executive”).
SEVERANCE AGREEMENTSeverance Agreement • October 3rd, 2011 • FS Bancorp, Inc. • Washington
Joseph C. Adams (“Employee”) 1st Security Bank of Washington /s/ Joseph C. Adams By: /s/Robert E. D’Amicol Its: Chairman of the Board Date: 11/30/06 Date: 11/27/06
