PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF OGLETHORPE BANK, BRUNSWICK, GEORGIA FEDERAL DEPOSIT INSURANCE CORPORATION and BANK OF THE OZARKS LITTLE ROCK, ARKANSAS DATED AS OF...Purchase and Assumption Agreement • January 20th, 2011 • Bank of the Ozarks Inc • State commercial banks
THIS AGREEMENT, made and entered into as of the 14th day of January, 2011, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of OGLETHORPE BANK, BRUNSWICK, GEORGIA (the “Receiver”), BANK OF THE OZARKS, organized under the laws of the State of Arkansas and having its principal place of business in Little Rock, Arkansas (the “Assuming Institution”), and the FEDERAL DEPOSIT INSURANCE CORPORATION, organized under the laws of the United States of America and having its principal office in Washington, D.C., acting in its corporate capacity (the “Corporation”).
