CHANGE IN CONTROL AGREEMENTChange in Control Agreement • March 10th, 2016 • WCF Bancorp, Inc. • Iowa
This Change in Control Agreement (this “Agreement”) is made effective as of , 2016 (the “Effective Date”), by and between WCF Financial Bank, a federally-chartered stock savings bank (the “Bank”) and (“Executive”). Any reference to the “Company” shall mean WCF Bancorp, Inc., the stock holding company of the Bank, or any successor thereto.
WEBSTER CITY FEDERAL SAVINGS BANK AMENDED AND RESTATED SEVERANCE AGREEMENTAnd Restated Severance Agreement • March 10th, 2016 • WCF Bancorp, Inc. • Iowa
This AMENDED AND RESTATED AGREEMENT (this “Agreement”) is made effective as of August 20, 2008 by and between Webster City Federal Savings Bank, a federally chartered stock savings bank (the “Bank”), and Stephen L. Mourlam (“Executive”). Any reference to “Company” herein shall mean WCF Financial, MHC or any successor thereto. Any reference to the “Stock Holding Company” herein shall mean Webster City Federal Bancorp, or any successor thereto.
Mr. Stephen L. Mourlam President and Chief Executive Officer Webster City Federal Bancorp / WCF Financial Bank Webster City, Iowa 50595 Dear Mr. Mourlam:WCF Bancorp, Inc. • March 10th, 2016 • Virginia
This letter sets forth the agreement between WCF Financial Bank, Webster City, Iowa (the “Bank”), the wholly-owned subsidiary of Webster City Federal Bancorp (the “Company”), which in turn is the majority-owned subsidiary of WCF Financial, M.H.C. (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 MHC. The scope, timing and fee structure for these appraisal services are described below.
