STOCK PURCHASE AGREEMENT BY AND AMONG FIRST GUARANTY BANCSHARES, INC. And DOUGLASS BANCORP, INC., DOUGLASS NATIONAL BANK AND FANNIE MAE DATED AS OF JULY 31, 2007Stock Purchase Agreement • August 6th, 2007 • First Guaranty Bancshares, Inc. • Savings institution, federally chartered • Louisiana
THIS STOCK PURCHASE AGREEMENT (“Agreement”), dated as of July 31, 2007, is among First Guaranty Bancshares, Inc., a corporation organized under the laws of Louisiana (“Purchaser”) and Douglass Bancorp, Inc., a Kansas corporation (“Douglass”), Douglass National Bank, a national bank headquartered in Kansas (“Seller Bank”) and Fannie Mae (“Fannie Mae”), a Congressionally chartered federal instrumentality that is deemed a citizen of the District of Columbia (Douglass and Fannie Mae are sometimes collectively referred to herein as the “Sellers”). Sellers collectively own 100% of the issued and outstanding shares of the Seller Bank.
