ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 8th, 2016 • MVB Financial Corp • State commercial banks • Delaware
This Asset Purchase Agreement (this “Agreement”) is dated as of June 30, 2016, and effective as of the Effective Time on such date, and is by and among MVB Insurance, LLC, a West Virginia limited liability company (“Seller”); MVB Financial Corp., a West Virginia bank holding corporation and sole member of Seller (the “Holding Corporation”); and USI Insurance Services LLC, a Delaware limited liability company (“Purchaser”). Seller and the Holding Corporation are sometimes referred to individually herein as a “Seller Party” and collectively as the “Seller Parties”. Purchaser and the Seller Parties are sometimes referred to herein individually as a “Party” and collectively as the “Parties”. Capitalized terms not otherwise defined herein have the meaning assigned to such terms in Article 21.
