ELECTION FORMMerger Agreement • December 28th, 2007 • 1st United Bancorp, Inc. • State commercial banks
This Election Form is being delivered in connection with the Agreement and Plan of Merger, dated as of October 1, 2007, as amended on December 19, 2007 (the “Merger Agreement”), between Equitable Financial Group, Inc. (“Equitable”), Equitable Bank (“Equitable Bank”) and 1st United Bancorp, Inc. (“Bancorp”). It is understood that this election is subject to the terms, conditions and limitations set forth in the Merger Agreement and this Election Form. The Merger Agreement is attached as Annex A to the accompanying proxy statement/prospectus (the “Proxy Statement”). The undersigned acknowledges receipt of the Proxy Statement.
Our File Number: 25922.00015 December 28, 2007 The Board of Directors of The Board of Directors of 1st United Bancorp, Inc. Equitable Financial Group, Inc. One North Federal Highway 633 South Federal Highway Boca Raton, Florida 33432 Fort Lauderdale,...1st United Bancorp, Inc. • December 28th, 2007 • State commercial banks
We have served as counsel to 1st United Bancorp, Inc. (“Bancorp”) in connection with the contemplated merger pursuant to an Agreement and Plan of Merger dated October 1, 2007 (the “Agreement”), as amended by Amendment No. 1 to Agreement and Plan of Merger dated December 19, 2007 (“Amendment No. 1”)(the Agreement together with Amendment No. 1 are, together, hereinafter referred to as the “Agreement”) of (i) Equitable Financial Group, Inc. (“EFGI”), a Florida corporation, with and into Bancorp (the “Holding Company Merger”) and (ii) 1st United Bank (“1st United”), a Florida chartered bank subsidiary of Bancorp, with and into Equitable Bank, a Florida chartered bank subsidiary of EFGI (“Equitable Bank”) (the “Bank Merger”) (collectively, the “Mergers”), each as described in the Registration Statement on Form S–4 to be filed by Bancorp with the Securities and Exchange Commission (the “Registration Statement”). This opinion concerning federal income tax consequences is being rendered pursua
