BANCORP 34, INC. (a Maryland corporation) Up to 1,634,334 Shares (Subject to increase to up to 1,879,484 shares) COMMON STOCK ($0.01 Par Value) Offering Price $10.00 Per Share AGENCY AGREEMENT August 5, 2016Agency Agreement • August 10th, 2016 • Alamogordo Financial Corp • Savings institution, federally chartered • New York
Alamogordo Financial Corp., a federal stock corporation (the “Mid-Tier Holding Company”), Bancorp 34, Inc., a newly formed Maryland corporation organized to be the successor to the Mid-Tier Holding Company (the “Holding Company”), AF Mutual Holding Company, a federally-chartered mutual holding company (the “MHC”) and Bank 34, a federally-chartered stock savings bank (the “Bank”), the deposit accounts of which are insured by the Federal Deposit Insurance Corporation (the “FDIC”) (collectively, the Mid-Tier Holding Company, the Holding Company, the MHC and the Bank are referred to as the “Primary Parties”) hereby confirm their agreement with Keefe, Bruyette & Woods, Inc. (the “Agent”) as follows:
