AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • April 20th, 2007 • Virginia Savings Bancorp • Virginia
THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made and entered into as of April 19, 2007, by and among VIRGINIA SAVINGS BANK, F.S.B., a federally chartered stock savings bank (the “Bank” or the “Surviving Bank”), VIRGINIA SAVINGS BANCORP, INC., a Virginia corporation (the “Holding Company”), and VSB INTERIM FEDERAL SAVINGS BANK, a to be formed interim federal stock savings bank (the “Interim Bank”). The Holding Company, the Bank and the Interim Bank are collectively referred to herein as the “Constituent Corporations.”
EMPLOYMENT AGREEMENTEmployment Agreement • April 20th, 2007 • Virginia Savings Bancorp • Virginia
This Employment Agreement (this “Agreement”) is made as of January 1, 2005, by and between Virginia Savings Bank, F.S.B., a Federal savings bank (the “Bank”), and W. Michael Funk (the “Officer”).
CHANGE IN CONTROL EMPLOYMENT AGREEMENTChange in Control Employment Agreement • April 20th, 2007 • Virginia Savings Bancorp • Virginia
This Agreement (“Agreement”) is made as of January 1, 2005, by and between Virginia Savings Bank, F.S.B., a Federal savings bank (the “Bank”), and W. Michael Funk (the “Officer”).
