EMPLOYMENT AGREEMENTEmployment Agreement • March 20th, 2015 • Square 1 Financial Inc • State commercial banks • North Carolina
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of the 1st day of March, 2015, by and among SQUARE 1 FINANCIAL, Inc., a Delaware corporation (“Company”), SQUARE 1 Bank, a North Carolina chartered commercial bank (the “Bank”), and JASON KRANACK (“Executive”).
March 1, 2015 Dear Patrick,Employment Agreement • March 20th, 2015 • Square 1 Financial Inc • State commercial banks
This letter agreement (this “Letter Agreement”) memorializes our discussions and agreement concerning certain changes in the terms of the Employment Agreement, dated as of July 19, 2012, by and among you, Square 1 Financial, Inc. (the “Company”) and Square 1 Bank, as amended on December 31, 2012 and October 31, 2013 (the “Employment Agreement”), that are being entered into in contemplation of the merger of the Company with and into PacWest Bancorp (“Parent”) pursuant to the Agreement and Plan of Merger, dated March 2, 2015, by and among Parent and the Company (the “Merger Agreement”).
March 1, 2015 Dear Gregory,Employment Agreement • March 20th, 2015 • Square 1 Financial Inc • State commercial banks
This letter agreement (this “Letter Agreement”) memorializes our discussions and agreement concerning certain changes in the terms of the Employment Agreement, dated as of July 27, 2011, by and among you, Square 1 Financial, Inc. (the “Company”) and Square 1 Bank, as amended on April 26, 2013 (the “Employment Agreement”), that are being entered into in contemplation of the merger of the Company with and into PacWest Bancorp (“Parent”) pursuant to the Agreement and Plan of Merger, dated March 2, 2015, by and among Parent and the Company (the “Merger Agreement”).
