LOAN AGREEMENTLoan Agreement • October 3rd, 2006 • Heritage Bankshares Inc /Va • State commercial banks • Virginia
THIS LOAN AGREEMENT (the “Agreement”) is made and entered into as of the 28th day of September, 2006, by HERITAGE BANKSHARES, INC., a Virginia corporation (hereinafter referred to as the “Borrower”) and CARDINAL BANK, a Virginia banking corporation, with offices at 8270 Greensboro Drive, Suite 500, McLean, Virginia 22102 (hereinafter referred to as the “Lender”).
NOTELoan Agreement • October 3rd, 2006 • Heritage Bankshares Inc /Va • State commercial banks • Virginia
FOR VALUE RECEIVED, the undersigned, HERITAGE BANKSHARES, INC., a Virginia corporation (the “Borrower”), promises to pay to the order of CARDINAL BANK, a Virginia banking corporation, its successors and assigns (the “Lender”) with offices at 8270 Greensboro Drive, Suite 500, McLean, Virginia 22102, or at such other address as the Lender shall specify in writing, in lawful money of the United States of America, the principal sum of FIVE MILLION AND 00/100 DOLLARS ($5,000,000.00), together with interest on the unpaid principal balance advanced at the rate and on the terms hereinafter provided, all without offset or deduction (including all modifications, amendments, substitutions, renewals or extensions hereof and allonges hereto, this “Note”). This is a single draw term credit facility.
