EMPLOYMENT AGREEMENTEmployment Agreement • June 13th, 2012 • LaPorte Bancorp, Inc. • Indiana
This Employment Agreement (this “Agreement”) is made effective as of February 26, 2008 (the “Effective Date”), by and between The LaPorte Savings Bank, an Indiana chartered stock savings bank with its principal office in LaPorte, Indiana (the “Bank”) and Lee A. Brady (“Executive”). For purposes of this agreement, any reference to the “Company” shall mean LaPorte Bancorp, Inc., the stock holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.
April 11, 2012Appraisal Services Agreement • June 13th, 2012 • LaPorte Bancorp, Inc. • Virginia
This letter sets forth the agreement between LaPorte Savings Bank, LaPorte, Indiana (the “Bank”), the wholly-owned subsidiary of LaPorte Bancorp, Inc. (the “Company”), which in turn is the majority-owned subsidiary of LaPorte Savings Bank, MHC (the “MHC”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the second step conversion transaction by the Company. The scope, timing and fee structure for these appraisal services are described below.
ContractSplit Dollar Agreement • June 13th, 2012 • LaPorte Bancorp, Inc. • Indiana
Prepared 12-20-02 THE LA PORTE SAVINGS BANK SPLIT DOLLAR AGREEMENT THIS AGREEMENT is adopted this I day of January 2003, with an effective date of August 1, 2002 (the “Effective Date”), by and between THE LA/PORTE SAVINGS BANK, a state-chartered savings bank located in La Porte, Indiana (the “Company”), and LEE BRADY (the “Executive”). This Agreement shall append the Split Dollar Endorsement entered into on the Effective Date or as subsequently amended, by and between the aforementioned parties. INTRODUCTION To encourage the Executive to remain an employee of the Company, the Company is willing to divide the death proceeds of a life insurance Policy on the Executive’s life. The Company will pay life insurance premiums from its general assets. AGREEMENT The Company and the Executive agree as follows: Article 1 General Definitions The following terms shall have the meanings specified: 1.1 “Executive ‘.s Interest” means the rights of the Executive or his transferee under the Policiesas se
EMPLOYMENT AGREEMENTEmployment Agreement • June 13th, 2012 • LaPorte Bancorp, Inc. • Indiana
This Employment Agreement (this “Agreement”) is made effective as of February 26, 2008 (the “Effective Date”), by and between The LaPorte Savings Bank, an Indiana chartered stock savings bank with its principal office in LaPorte, Indiana (the “Bank”) and Michele M. Thompson (“Executive”). For purposes of this agreement, any reference to the “Company” shall mean LaPorte Bancorp, Inc., the stock holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.
March 26, 2012 LaPorte Bancorp, Inc. La Porte, IN 46350 Attention: Michele Thompson, President & Chief Financial Officer Ladies and Gentlemen:Financial Advisory Agreement • June 13th, 2012 • LaPorte Bancorp, Inc. • New York
The purpose of this letter agreement (the “Agreement”) is to confirm the engagement of Sterne, Agee & Leach, Inc. (“Sterne Agee”) to act as the exclusive financial advisor to LaPorte Bancorp, Inc. (“LPSB”) and LaPorte Savings Bank (the “Bank”) in connection with the Bank’s reorganization from a mutual holding company form of organization to a stock holding company form of organization (the “Reorganization”). In order to effect the Reorganization, it is contemplated that all of LPSB’s common stock to be outstanding after giving effect to the Reorganization will be issued to a newly formed stock holding company (“NewCo” and, together with LPSB and the Bank, the “Company”) to be formed by LPSB, and that NewCo will offer and sell shares of its common stock first to eligible persons pursuant to a Plan of Conversion and Reorganization (the “Plan”) in a Subscription Offering (the “Subscription Offering”) and any remaining shares to the general public in a Direct Community Offering and/or a Sy
