ASSET PURCHASE AGREEMENT BETWEEN COLONIAL BANK, GLOBAL CONSUMER ACQUISITION CORP. AND THE COLONIAL BANCGROUP, INC. DATED: July 13, 2009Asset Purchase Agreement • July 14th, 2009 • Colonial Bancgroup Inc • State commercial banks • Delaware
This Asset Purchase Agreement (the “Agreement”) is entered into as of July 13, 2009, by and between Colonial Bank, an Alabama banking corporation having its principal offices in Montgomery, Alabama (“Seller”), Global Consumer Acquisition Corp., a Delaware corporation having its principal offices in New York, New York (together with a to-be-acquired Nevada state chartered bank as assignee pursuant to Section 12.1(b), the “Purchaser”) and, for purposes of Section 8.6 hereof, The Colonial BancGroup, Inc., a Delaware corporation having its principal offices in Montgomery, Alabama (“BancGroup”).
