FLOATING RATE SUBORDINATED NOTE SERIES 2008-1 NOTE PURCHASE/LOAN AGREEMENT dated as of September 19, 2008 between SOUTH CAROLINA BANK AND TRUST, NATIONAL ASSOCIATION as Issuer/Borrower and SUNTRUST BANK as Purchaser/LenderNote Purchase/Loan Agreement • September 23rd, 2008 • SCBT Financial Corp • State commercial banks • New York
THIS SUBORDINATED CAPITAL NOTE PURCHASE/LOAN AGREEMENT (this “Agreement”) is made as of September 19, 2008, by and between SOUTH CAROLINA BANK AND TRUST, NATIONAL ASSOCIATION, a national banking association (the “Company” or the “Borrower”), as the issuer of the Floating Rate Subordinated Notes Series 2008-1 (the “Notes”) and the borrower thereunder, and SUNTRUST BANK, a Georgia banking corporation, as the purchaser of, and lender under, the Notes (“SunTrust” or the “Lender”).
