FORM OF NEW BUFFALO SAVINGS BANK EMPLOYMENT AGREEMENTEmployment Agreement • June 9th, 2015 • New Bancorp, Inc. • Michigan
This Agreement (this “Agreement”) is made effective as of the ____ day of _____________, 2015 (the “Effective Date”), by and between New Buffalo Savings Bank (the “Bank”), a federally-chartered institution with its principal offices at 45 North Whittaker Street, New Buffalo, Michigan 49117, and Richard C. Sauerman (“Executive”). When used in this Agreement any reference to the “Company” shall refer to New Bancorp.
FORM OF NEW BUFFALO SAVINGS BANK CHANGE IN CONTROL AGREEMENTChange in Control Agreement • June 9th, 2015 • New Bancorp, Inc. • Michigan
This AGREEMENT (“Agreement”) is hereby entered into as of [date] (the “Effective Date”), by and between NEW BUFFALO SAVINGS BANK (the “Bank”) and RUSSELL DAHL (“Executive”). When used in this Agreement, any reference to “Company” shall refer to NEW BANCORP, INC.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSNew Bancorp, Inc. • June 9th, 2015
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of New Buffalo Savings Bank (hereinafter referred to as “New Buffalo Savings”), relating to the mutual to stock conversion of New Buffalo Savings and related stock offering (“the “Stock Offering”) of New Buffalo Savings’ holding company. KELLER will provide a pro forma valuation of the market value of the shares of New Buffalo Savings’ holding company to be sold in connection with the conversion.
NEW BUFFALO SAVINGS BANK SALARY CONTINUATION AGREEMENT FOR RICHARD C. SAUERMANContinuation Agreement • June 9th, 2015 • New Bancorp, Inc.
THIS SALARY CONTINUATION PLAN FOR RICHARD C. SAUERMAN (the “Plan”) is effective as of May 28, 2015, and is entered into by New Buffalo Savings Bank (the “Bank”) and Richard C. Sauerman (“Executive”).
