ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 1st, 2023 • CB Financial Services, Inc. • State commercial banks • New Jersey
This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of December 1, 2023 and effective to the extent provided herein as of December 1, 2023 (the “Effective Date”), is entered into by and among World Insurance Associates, LLC, a New Jersey limited liability company (the “Buyer”), Exchange Underwriters, Inc., a Pennsylvania corporation (the “Agency”), Community Bank, the sole shareholder of the Agency (the “Shareholder”) and John H. Montgomery, in his capacity as the Selling Parties’ Earn-out Payment Representative. The Agency and the Shareholder are each occasionally referred to herein as a “Selling Party” and together as the “Selling Parties”.
SETTLEMENT AND RELEASE AGREEMENTSettlement and Release Agreement • December 1st, 2023 • CB Financial Services, Inc. • State commercial banks • Pennsylvania
This Settlement and Release Agreement (the “Agreement”) is entered into as of December 1, 2023 by and among Richard B. Boyer (the “Executive”), Community Bank (“Bank”), and Exchange Underwriters, Inc (“EU”).
