Assumption of Deposits. Within seven (7) days after the Bank Closing Date, the Assuming Institution shall give notice by mail to each depositor of the Failed Bank of (i) the assumption of the Deposit liabilities of the Failed Bank, and (ii) the procedures to claim Deposits (the Receiver shall provide item (ii) to Assuming Institution). The Assuming Institution shall also publish notice of its assumption of the Deposit liabilities of the Failed Bank in a newspaper of general circulation in the county or counties in which the Failed Bank was located.

Assumption of Deposits. Upon the Closing Date, Purchaser shall assume and timely discharge the duties and obligations of Seller with respect to the Deposits transferred on the Closing Date as may arise under such account agreements, applicable laws, regulations, agreements and rules of automated clearing houses and other payment systems which relate thereto. From and after the Closing Date, Purchaser agrees to pay, to the extent of sufficient available funds on deposit, all properly drawn checks, drafts, non-negotiable withdrawal orders, and other commercial paper items relating to the Deposits (the "Paper Items" and any ACH and wire transactions) timely presented to it by mail, over its counters, or through clearings by depositors whose deposits or accounts on which such items are drawn are included within the Deposits, whether drawn on the check or draft forms provided by Seller or by Purchaser, all in accordance with applicable law and the provisions of such accounts in effect as of the Closing Date, until such provisions are properly modified or canceled by Purchaser.

Assumption of Deposits. Within seven (7) days after the Bank Closing Date, the Assuming Institution shall give notice by mail to each depositor of the Failed Bank of (i) the assumption of the Deposit liabilities of the Failed Bank, and (ii) the procedures to claim Deposits (the Receiver shall provide item (ii) to Assuming Institution). The Assuming Institution Module 1 — Whole Bank w/ Optional Shared Loss Agreements XXXXXX COMMUNITY BANK Version 3.01 — Purchase and Assumption Agreement BROOKSVILLE, FLORIDA December 8, 2010 shall also publish notice of its assumption of the Deposit liabilities of the Failed Bank in a newspaper of general circulation in the county or counties in which the Failed Bank was located.

Assumption of Deposits. Upon the Closing Date, Purchaser shall assume and timely discharge the duties and obligations of Seller with respect to the Deposits and purchased Excluded Deposits transferred on the Closing Date as may arise under such account agreements, applicable laws, regulations, agreements and rules of automated clearing houses and other payment systems which relate thereto. From and after the Closing Date, Purchaser agrees to pay, to the extent of sufficient available funds on deposit, all properly drawn checks, drafts, non-negotiable withdrawal orders, and other commercial paper items relating to the Deposits and purchased Excluded Deposits (the “Paper Items” and any ACH and wire transactions) timely presented to it by mail, over its counters, or through clearings by depositors whose deposits or accounts on which such items are drawn are included within the Deposits and purchased Excluded Deposits, whether drawn on the check or draft forms provided by Seller or by Purchaser, all in accordance with applicable law and the provisions of such accounts in effect as of the Closing Date, until such provisions are properly modified or canceled by Purchaser.

Assumption of Deposits. Within seven (7) days after the Bank Closing Date, the Assuming Institution shall give notice by mail to each depositor of the Failed Bank of (i) the assumption of the Deposit liabilities of the Failed Bank, and (ii) the procedures to claim Deposits (the Receiver shall provide item (ii) to Assuming Institution). The Assuming Institution First National Bank of Central Florida Winter Park, FL shall also publish notice of its assumption of the Deposit liabilities of the Failed Bank in a newspaper of general circulation in the county or counties in which the Failed Bank was located.

Assumption of Deposits. On the Effective Date, Purchaser will assume the deposit liabilities related to the Branches ("Deposit Liabilities"). Deposit Liabilities is defined as the aggregate outstanding balance of all deposit and transaction accounts attributed on the records of the Seller to the Branches, plus accrued interest payable on such accounts as of the Effective Date as reflected on the records of the Seller. (A List of such Deposit Liabilities as of December 31, 1996, is attached hereto as Exhibit C). Within five (5) business days Seller will deliver to Purchaser (x) the detail trial balance to include account numbers, customers names and account balances as of December 31, 1996, and (y) monthly balance reports by type of account, for each month spanning the period from January 1, 1997 to the date hereof. Thereafter, Seller shall furnish monthly balance reports by type of account, as same become available. Such Exhibit shall be updated as of the Effective Date; Purchaser will assume, discharge and pay all Deposit Liabilities, including, without limitation, all savings, checking, transaction, negotiable order of withdrawal and certificate accounts and Individual Retirement Arrangement ("XXX") accounts, together with accrued interest as of the Closing Date. With respect to XXX accounts, the Seller will execute an Appointment of Successor Trustee Agreement effective as of the Effective Date which shall name the Purchaser as successor trustee of the XXX Accounts in accordance with the XXX Trust Agreements. The risk of loss for deposited items in transit as of the Effective Date shall rest with the Seller.

Assumption of Deposits. On the Closing Date, subject to the terms and conditions set forth in this Agreement, the Purchaser will assume the aggregate outstanding balance of all deposit accounts attributed on the records of the Seller to the Branch, including, without limitation, all savings, checking, transaction, negotiable order of withdrawal and certificate accounts, plus accrued interest payable on such accounts as of the Closing Date as reflected on the records of the Seller, but shall not include: (a) deposits which are held by the Seller pursuant to or under any judgment, decree or order of any court, are subject to any legal restraint or legal process, or are subject to any lien, claim, charge or encumbrance; (b) deposits which, in the calendar year in which the Closing occurs, become subject to escheat to any government authority pursuant to applicable escheat and unclaimed property laws; (c) any deposit under a trust or custodial arrangement qualified as an individual retirement account within the meaning of section 408 of the Internal Revenue Code of 1986, as amended (the "Code"), (d) accounts maintained by a customer solely or principally to facilitate the sending of funds remittances outside the United States, and (e) deposits that, in the sole discretion of the Seller, are essential to maintaining relationships with customers that have accounts or loans domiciled at any of the Seller's other offices (collectively, the "Deposit Liabilities"). (A list of such Deposit Liabilities as of November 5, 2007 is attached hereto as Schedule 1.2.) Such schedule shall be updated as of the Closing Date.

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