0001193125-11-284280 Sample Contracts

BRANCH PURCHASE AND ASSUMPTION AGREEMENT dated as of October 21, 2011 between WACCAMAW BANK and WACCAMAW BANKSHARES, INC. as Seller and FIRST BANK as Purchaser

Branch Purchase and Assumption Agreement • October 27th, 2011 • Waccamaw Bankshares Inc • State commercial banks • North Carolina

• Contract Type
  Branch Purchase and Assumption Agreement
• Filed
  October 27th, 2011
• Company
  Waccamaw Bankshares Inc
• Industry
  State commercial banks
• Jurisdiction
  North Carolina

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT, dated as of October 21, 2011, is made by and between FIRST BANK, a bank organized under the laws of the State of North Carolina (“Purchaser”), and WACCAMAW BANK, a North Carolina state-chartered bank (“Waccamaw Bank”), and WACCAMAW BANKSHARES, INC. (“Parent”), a North Carolina corporation (collectively with Waccamaw Bank, “Seller”).