ASSET PURCHASE AGREEMENT DATED FEBRUARY 16, 2006 BY AND AMONG REGIONAL ACCEPTANCE CORPORATION, FSB FINANCIAL, LTD., SOUTHWEST SECURITIES, FSB, FSBF, LLC AND STEVEN BURKEAsset Purchase Agreement • May 10th, 2006 • SWS Group Inc • Security brokers, dealers & flotation companies • North Carolina
This ASSET PURCHASE AGREEMENT, dated as of February 16, 2006, is by and among Regional Acceptance Corporation, a North Carolina corporation (“Buyer”), FSB Financial, Ltd., a Texas limited partnership (“Seller”), Southwest Securities, FSB, a federally chartered savings bank with a limited partnership interest in Seller (“SSB”), FSBF, LLC, a Texas limited liability company with a general partnership interest in Seller (“FSBF”), and Steven Burke, an individual with a limited partnership interest in Seller (each of SSB, FSBF and Steven Burke are collectively referred to herein as the “Partners”).
