0001552781-15-000377 Sample Contracts

PURCHASE AND ASSUMPTION AGREEMENT dated as of March 24, 2015 Between HORRY COUNTY STATE BANK as Seller and SANDHILLS BANK as Purchaser

Purchase and Assumption Agreement • March 30th, 2015 • HCSB Financial Corp • Savings institution, federally chartered • South Carolina

• Contract Type
  Purchase and Assumption Agreement
• Filed
  March 30th, 2015
• Company
  HCSB Financial Corp
• Industry
  Savings institution, federally chartered
• Jurisdiction
  South Carolina

This PURCHASE AND ASSUMPTION AGREEMENT, dated as of March 24, 2015 (this “Agreement”), between Horry County State Bank, a state-chartered banking corporation organized under the laws of South Carolina with its principal office located in Loris, South Carolina (“Seller”), and Sandhills Bank, a state-chartered banking corporation organized under the laws of South Carolina with its principal office located in North Myrtle Beach, South Carolina (“Purchaser”).