AMENDED AND RESTATED 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 July 25, 2011Purchase and Assumption Agreement • August 4th, 2011 • Xenith Bankshares, Inc. • State commercial banks • Virginia
THIS AMENDED AND RESTATED PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 25th day of July, 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”).
PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF VIRGINIA BUSINESS BANK, RICHMOND, VIRGINIA, FEDERAL DEPOSIT INSURANCE CORPORATION AND XENITH BANK DATED AS OF JULY 29, 2011Purchase and Assumption Agreement • August 4th, 2011 • Xenith Bankshares, Inc. • State commercial banks
THIS AGREEMENT, made and entered into as of the 29th day of July, 2011, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of VIRGINIA BUSINESS BANK, RICHMOND, VIRGINIA (the “Receiver”), XENITH BANK, organized under the laws of the Commonwealth of Virginia, and having its principal place of business in RICHMOND, VIRGINIA (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”).
