0001193125-11-158552 Sample Contracts

PURCHASE AND ASSUMPTION AGREEMENT by and between XENITH BANK, a Virginia banking corporation, as Buyer and PARAGON COMMERCIAL BANK, a North Carolina banking corporation, as Seller Dated as of June 1, 2011

Purchase and Assumption Agreement • June 3rd, 2011 • Xenith Bankshares, Inc. • State commercial banks • Virginia

• Contract Type
  Purchase and Assumption Agreement
• Filed
  June 3rd, 2011
• Company
  Xenith Bankshares, Inc.
• Industry
  State commercial banks
• Jurisdiction
  Virginia

THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 1st day of June, 2011, by and between XENITH BANK, a Virginia banking corporation with its main office in Richmond, Virginia (“Buyer”), and PARAGON COMMERCIAL BANK, a North Carolina banking corporation with its main office in Raleigh, North Carolina (“Seller”).