Waypoint Financial Corp – DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN (November 18th, 2004)Exhibit 20.1 WAYPOINT logo November 18, 2004 NOTICE TO ALL PARTICIPANTS IN THE WAYPOINT FINANCIAL CORP. DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN Dear Shareholder: As you know, on March 8, 2004 Waypoint Financial Corp. (NASDAQ: WYPT) entered into an agreement of merger with Sovereign Bancorp Inc. (NYSE: SOV), providing for the merger of Waypoint with and into Sovereign. A Special Meeting of Shareholders to approve the merger will be held December 22, 2004. Subject to receipt of shareholder and regulatory approval, the merger is expected to be completed before the end of January 2005. As a result of this pending transaction, and in order to facilitate an orderly share exchange process, the Waypoint Board of Directors has suspended the Waypoint Dividend Reinvestment and Stock Purchase Plan effective immediat
Waypoint Financial Corp – As of or for the three months ended ------------------------------------------- ------------------------------------------- September, June, March, December, September, 2004 2004 2004 2003 2003 -------------- -------------- -------------- -------------- -------------- Basic income per share $ 0.32 $ 0.31 $ 0.17 $ 0.28 $ 0.31 Diluted income per share $ 0.31 $ 0.30 $ 0.16 $ 0.27 $ 0.30 Return on average equity (ROE) 10.12% 9.85% 5.13% 8.97% 9.83% Return on average assets 0.76% 0.74% 0.39% 0.67% 0.72% Net interest margin (tax equivalent) 2.22% 2.22% 2.27% 2.24% 2.28% Noninterest income divided by (October 22nd, 2004)EXHIBIT 99.1 Harrisburg, Pennsylvania (October 21, 2004) Waypoint Financial Corp. (Nasdaq/NM:WYPT) today announced net income of $.31 per share, or $10.3 million, for the quarter ended September 30, 2004 as compared to $.30 per share, or $9.9 million, for the quarter ended September 30, 2003 and $.30 per share, or $10.0 million, for the linked quarter ended June 30, 2004. Waypoint also announced that the Board of Directors declared a regular quarterly cash dividend of $.14 per share to shareholders of record as of November 4, 2004. The dividend will be paid on November 15, 2004. Also, in anticipation of Waypoint's acquisition by Sovereign Bancorp ("Sovereign") expected to close in January 2005, Waypoint will suspend its Dividend Reinvestment Plan ("DRP") and accept no additional participants after the November dividend in order to facilitate an orderly cash/stock election and the planned transfer of responsibilities to Sovereign's stock transfer agent. Detailed information will be prov
Waypoint Financial Corp – WAYPOINT BANK 235 N. Second Street Harrisburg, Pa 17101 Phone 717-909-2603 Fax 717-231-6186 (July 29th, 2004)Harrisburg, PA— The promotion of Andrew S. Samuel to the position of President and Chief Operating Officer of Waypoint Bank was announced today by David E. Zuern, President and CEO of Waypoint Financial Corporation, the holding company for Waypoint Bank.
Waypoint Financial Corp – FOR IMMEDIATE RELEASE Contact: James H. Moss Chief Financial Officer (717) 909-2247 (July 26th, 2004)Harrisburg, Pennsylvania (July 22, 2004) Waypoint Financial Corp. (Nasdaq/NM:WYPT) today announced net income of $.30 per share, or $10.0 million, for the quarter ended June 30, 2004 as compared to $.34 per share, or $11.4 million, for the quarter ended June 30, 2003. This also compares to $.16 per share, or $5.2 million, for the linked quarter ended March 31, 2004, which was affected by expenses associated with the pending acquisition of Waypoint by Sovereign Bancorp, Inc. (“Sovereign”) announced on March 9, 2004.
Waypoint Financial Corp – FOR IMMEDIATE RELEASE Contact: James H. Moss Chief Financial Officer (July 23rd, 2004)WAYPOINT FINANCIAL ANNOUNCES SECOND QUARTER RESULTS AND DECLARES A 5% STOCK DIVIDEND AND AN INCREASED REGULAR QUARTERLY CASH DIVIDEND
Waypoint Financial Corp – CONSULTING AGREEMENT (March 12th, 2004)Exhibit 10.20 CONSULTING AGREEMENT THIS AGREEMENT (hereinafter the "Agreement") is entered into this 17th day of July, 2003 by and between Waypoint Financial Corp. with its principal office located in Harrisburg, Pennsylvania (hereinafter the "Company") and Robert W. Pullo (hereinafter the "Consultant" or "Pullo"). WHEREAS, Pullo retired as Vice Chairman of the Company on May 22, 2003; and WHEREAS, the management of the Company desires that they be able to call upon the experience and knowledge of Pullo for consultation services, special projects and advice; and WHEREAS, Consultant is willing to render such services and advice as a consultant to the Company on the terms and subject to the conditions hereinafter set forth in this Agreement: and WHEREAS, Company desires that Consultant in consideration of the compensation herein provided bi
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (March 12th, 2004)Exhibit 10.17 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT (this "Agreement") entered into this _____ day of _____________, 2003, by and between WAYPOINT FINANCIAL CORP., a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania, and David E. Zuern, a resident of Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to WAYPOINT BANK, a wholly-owned subsidiary of the Company. WHEREAS, Company desires to continue to employ Executive in the capacity of President and Chief Executive Officer of the Company and the Bank; and WHEREAS, Executive and Company desire to evidence their agreement as to the terms and conditions of Executive's continued employment as President and Chief Executive Officer of the Company and the Bank. NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
Waypoint Financial Corp – CHANGE-IN-CONTROL AGREEMENT (March 12th, 2004)Exhibit 10.22 CHANGE-IN-CONTROL AGREEMENT This AGREEMENT is made effective as of___________________ 2003, by and among Waypoint Bank (the "Bank" a federally-chartered savings bank, with its principal administrative office at 235 North Second Street, Harrisburg, Pennsylvania, 17101, Waypoint Financial Corp. (the "Holding Company"), a corporation organized under the laws of the Commonwealth of Pennsylvania which is the holding company for the Bank, and ___________________ (the "Executive"). WHEREAS, the Bank recognizes the substantial contribution Executive has made to the Bank and wishes to protect Executive's position therewith in the event of a Change-in-Control for the period provided in this Agreement; and WHEREAS, Executive has been appointed to, and has agreed to serve in the position of Executive Vice President, ___________________ for Waypoint Bank, a pos
Waypoint Financial Corp – AGREEMENT AND GENERAL RELEASE (March 12th, 2004)Exhibit 10.21 AGREEMENT AND GENERAL RELEASE THIS AGREEMENT, made and entered into on this 17th day of July, 2003 by and between Waypoint Financial Corp. and its affiliates and subsidiaries, a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania, and Robert W. Pullo, a resident of York, Pennsylvania ("Pullo"). WITNESSETH: WHEREAS, the Company has heretofore employed Pullo under an Employment Agreement originally entered into as of October 17, 2000 (the "Employment Agreement"); and WHEREAS, said Employment Agreement was for a term of five years, ending October 16, 2005, the first three years of which Pullo was to be employed as Co-Chairman and subsequently Vice Chairman of the Board of the Company and the last two years of such Employment Agreement, Pullo was to serve as a Consultant; an
Waypoint Financial Corp – CONFIDENTIAL SEPARATION AGREEMENT (March 12th, 2004)Exhibit 10.18 EXHIBIT A CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE THIS AGREEMENT, made and entered into on this ______ day of ___________, 2003 by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania, and Charles C. Pearson, Jr., a resident of Pennsylvania ("Executive"). WITNESSETH: WHEREAS, the Company had heretofore employed Executive under an Employment Agreement originally entered into as of _______________________, 2003 (the "Employment Agreement); and WHEREAS, Executive has terminated employment and the Employment Agreement has been terminated as of _____________________________, and WHEREAS, the Company and Executive wish to enter into an agreement to p
Waypoint Financial Corp – CONFIDENTIAL SEPARATION AGREEMENT (March 12th, 2004)Exhibit 10.16 EXHIBIT A CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE THIS AGREEMENT, made and entered into on this ______ day of ___________, 2003 by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania, and David E. Zuern, a resident of Pennsylvania ("Executive"). WITNESSETH: WHEREAS, the Company had heretofore employed Executive under an Employment Agreement originally entered into as of _______________________, 2003 (the "Employment Agreement); and WHEREAS, Executive has terminated employment and the Employment Agreement has been terminated as of _____________________________, and WHEREAS, the Company and Executive wish to enter into an agreement to provide fo
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (March 12th, 2004)Exhibit 10.19 AMENDMENT TO CHARLES C. PEARSON, JR. EMPLOYMENT AGREEMENT AND NOW this 21st day of January, 2004, comes Charles C. Pearson, Jr., Resident of Pennsylvania, Executive and Waypoint Financial Corp., a Pennsylvania Corporation, a company with principal offices in Harrisburg, Pennsylvania; and WHEREAS, Waypoint Financial Corp. is a party to an Employment Agreement dated 17 October, 2000, by and between Waypoint Financial Corp. and Charles C. Pearson, Jr. Agreement); and WHEREAS, Waypoint Financial Corp. Board of Directors acting through its Compensation and Benefits Committee on September 17, 2003 resolved and the full Board ratified on October 22, 2003 that Change in Control Agreements entered into with its Executive and Senior Officers should be amended and restated to remove reduction provisions under the Change in Control payment paragraph; and WHERE
Waypoint Financial Corp – CHANGE-IN-CONTROL AGREEMENT (March 12th, 2004)Exhibit 10.23 CHANGE-IN-CONTROL AGREEMENT This AGREEMENT is made effective as of___________________ 2004, by and among Waypoint Bank (the "Bank" a federally-chartered savings bank, with its principal administrative office at 235 North Second Street, Harrisburg, Pennsylvania, 17101, Waypoint Financial Corp. (the "Holding Company"), a corporation organized under the laws of the Commonwealth of Pennsylvania which is the holding company for the Bank, and _________________ (the "Executive"). WHEREAS, the Bank recognizes the substantial contribution Executive has made to the Bank and wishes to protect Executive's position therewith in the event of a Change-in-Control for the period provided in this Agreement; and WHEREAS, Executive has been appointed to, and has agreed to serve in the position of Senior Vice President, ____________________ for Waypoint Bank, a positio
Waypoint Financial Corp – FOR IMMEDIATE RELEASE Contact: James H. Moss Chief Financial Officer (January 23rd, 2004)Harrisburg, Pennsylvania (January 22, 2004) Waypoint Financial Corp. (Nasdaq/NM:WYPT) today announced net income per share was $1.24, or $41.5 million, for the year 2003 as compared to $1.23 per share, or $46.9 million, for the year 2002. The improvement in net income per share for the year 2003 reflects the impact of stock repurchases totaling 3.5 million shares during 2003. Net income was $8.9 million or $.27 per share for the fourth quarter ended December 31, 2003. The $.27 per share compares with net income of $.29 per share for the quarter ended December 31, 2002 and $.30 per share for the quarter ended September 30, 2003. All per share amounts in this release have been adjusted to reflect the 5% stock dividend distributed August 15, 2003.
Waypoint Financial Corp – News Release (November 24th, 2003)HARRISBURG, PA — Waypoint Financial Corp. (NASDAQ: WYPT) today announced that the company has completed the repurchase of 1,725,150 shares of Waypoint common stock under a repurchase program approved by the board of directors in February of 2003.
Waypoint Financial Corp – NEWS RELEASE (September 29th, 2003)WAYPOINT BANK 235 N. Second Street Harrisburg, Pa 17101 Phone 717-909-2603 Fax 717-231-6186 EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE SEPTEMBER 29, 2003 Contact: Steve Gardner Public Relations Manager (717) 909-2603 WAYPOINT COMPLETES ACQUISITION OF TWO CHAMBERSBURG, PA BANK BRANCHES FROM FIRST COMMONWEALTH BANK HARRISBURG, PA--Waypoint Financial Corporation (NASDAQ: WYPT) today announced that Waypoint Bank has completed the acquisition of two bank branches in Chambersburg, Pennsylvania from First Commonwealth Bank. Terms of the transaction, which was first announced on July 24, 2003, were not re
Waypoint Financial Corp – NEWS RELEASE (July 29th, 2003)EXHIBIT 99.1 NEWS RELEASE ------------------------------------------------------------------------------ FOR IMMEDIATE RELEASE JULY 29, 2003 Contact: Steve Gardner Public Relations Manager (717) 909-2603 RETAIL EXPANSION, STRENGTHENED BALANCE SHEET FUELING GROWTH FOR WAYPOINT FINANCIAL CORP. HARRISBURG, PA--Thursday's announcement by Waypoint Financial Corp (NASDAQ: WYPT) of its agreement to acquire two bank branches in the Chambersburg, PA market represents a key component of a retail expansion strategy that includes opening seven new bank branches by the end of 2003. Waypoint Bank announced it will enter the Chambersburg, PA market this fall through the acquisition of two branches from First Commonwealth Bank. In the fourth quarter of 2003, Waypoint also will open a third office in Chamb
Waypoint Financial Corp – NEWS RELEASE (May 21st, 2003)EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE MAY 21, 2003 Contact: Steve Gardner Public Relations Manager (717) 909-2603 DAVID E. ZUERN NAMED PRESIDENT AND CEO OF WAYPOINT FINANCIAL CORP.; COMPANY APPOINTS TWO TO SR. EXEC. VP POSITIONS HARRISBURG, PA -- Charles C. Pearson, Jr., Chairman of Waypoint Financial Corporation, today announced the promotion of David E. Zuern to the position of Chief Executive Officer and President of Waypoint Financial Corporation, the holding company for Waypoint Bank. Zuern, who succeeds Pearson as CEO, previously served as Chief Operating Officer of the holding company, and was named President and CEO of Waypoint Bank last June. In announcing the promotion, Pearson praised Zuern's performance in transforming Waypoint into a diversified financial services company. Under Zuern's leadership, Waypoint's commercial loa
Waypoint Financial Corp – NEWS RELEASE (March 14th, 2003)WAYPOINT BANK 235 N. Second Street Harrisburg, Pa 17101 Phone 717-909-2603 Fax 717-231-6186 EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE MARCH 13, 2003 Contact: James H. Moss Chief Financial Officer (717) 909-2247 WAYPOINT FINANCIAL ANNOUNCES ISSUANCE OF $15 MILLION OF TRUST PREFERRED SECURITIES HARRISBURG, PA -- Waypoint Financial Corp. (Nasdaq: WYPT), the parent holding company of Waypoint Bank, today announced that the company has raised $15 million through the issuance of variable rate Trust Preferred Securities which closed and funded March 13, 2003. The net proceeds of the Trust Preferred issuance may be used for mergers, acquisitions, stock repurchase program tr
Waypoint Financial Corp – NEWS RELEASE (February 21st, 2003)EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE FEBRUARY 20, 2003 Contact: James H. Moss Chief Financial Officer (717) 909-2247 WAYPOINT FINANCIAL CORP. ANNOUNCES FIFTH STOCK REPURCHASE PROGRAM HARRISBURG, PA -- Waypoint Financial Corp. (Nasdaq: WYPT) announced that its board of directors today authorized a stock repurchase program to acquire up to five percent of outstanding shares of company stock or approximately 1,643,000 shares. The program represents the fifth stock repurchase announced by the company since September 2001. Shares will be acquired through open market or negotiated transactions and will be held by the corporation as treasury stock. Waypoint Financial Corp. is a $5.4 billion bank holding company for Waypoint Bank, which is headquartered in Harrisburg, Pennsylvania with a network of 59 branches. Waypoint Bank operates 51 branches in Dauphin, York, Lancaster, Cumberland, and Lebanon counties in southcentral P
Waypoint Financial Corp – SELECTED RATIOS AND OTHER DATA (UNAUDITED) ------------------------------------------ As of or for the three months ended -------------------------------------------------------------- December, September, June, March, December, 2002 2002 2002 2002 2001 ---- ---- ---- ---- ---- Basic income per share $ 0.32 $ 0.35 $ 0.35 $ 0.31 $ 0.27 Diluted income per share $ 0.31 $ 0.34 $ 0.34 $ 0.30 $ 0.27 Return on average equity 9.21% 10.49% 10.74% 9.52% 8.24% Return on average assets 0.79% 0.94% 0.98% 0.88% 0.77% Net interest margin (tax Equivalent) 2.52% 2.56% 2.51% 2.58% 2.53% Noninterest income divid (January 24th, 2003)EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: James H. Moss --------------------- Chief Financial Officer (717) 909-2247 WAYPOINT FINANCIAL ANNOUNCES FOURTH QUARTER RESULTS AND INCREASES REGULAR QUARTERLY DIVIDEND Harrisburg, Pennsylvania (January 23, 2003) Waypoint Financial Corp. ------------------------ (Nasdaq/NM:WYPT) today announced net income of $.31 per share or $10.6 million for the fourth quarter ended December 31, 2002, a 14.8% increase over net income of $.27 per share for the quarter ended December 31, 2001. Net income per share was $1.30 or $47.2 million for the year 2002, a 26.2% increase over net income of $1.03 per share or $39.1 million for the year 2001. Waypoint also announced that the Board of Directors declared a regular quarterly cash dividend of $.11 per share to shareholders of record as of February 6, 2003. The dividend will be paid on February 14, 2003. The indicated annual rate of $.44 per share is a 10.0% increase over the 2002 dividend payments. "In only its
Waypoint Financial Corp – Press Release (December 20th, 2002)EXHIBIT 99.2 Press Release FOR IMMEDIATE RELEASE Contact: James H. Moss --------------------- Chief Financial Officer (717) 909-2247 WAYPOINT FINANCIAL ANNOUNCES ISSUANCE OF $30 MILLION OF TRUST PREFERRED SECURITIES AND ADDITIONAL STOCK REPURCHASE PROGRAM Harrisburg, Pennsylvania December 19, 2002. Waypoint Financial Corp. ------------------------ (Nasdaq/NM:WYPT), the parent holding company of Waypoint Bank (http://www.waypointbank.com), today announced that the Company has raised $30 million through the issuance of variable rate Trust Preferred Securities as part of larger pooled Trust Preferred Securities offerings which closed and funded December 19, 2002. The Trust Preferred Securities pay interest at a floating rate equal to 3.35% over three month LIBOR. The initial rate is set at 4.77%. The securities are redeemab
Waypoint Financial Corp – NEWS RELEASE (December 20th, 2002)WAYPOINT BANK 235 N. Second Street Harrisburg, Pa 17101 Phone 717-909-2329 Fax 717-231-6186 EXHIBIT 99.1 Press Release NEWS RELEASE FOR IMMEDIATE RELEASE DECEMBER 20, 2002 Contact: Steve Gardner Public Relations Manager (717) 909-2603 RANDALL L. HORST NAMED TO WAYPOINT FINANCIAL CORP. BOARD OF DIRECTORS Harrisburg, PA--Waypoint Financial Corp.(Nasdaq:WYPT), the parent holding company of Waypoint Bank, today announced the appointment of Randall L. Horst to the company's Board of Directors to serve until the company's 2004 annual meeting. Horst is the President and CEO of The Horst Group, a series of successful construction, property management and in
Waypoint Financial Corp – Press Release (August 23rd, 2002)EXHIBIT 99.1 Press Release WAYPOINT FINANCIAL CORP. COMPLETES SECOND STOCK REPURCHASE PROGRAM AND ANNOUNCES NEW REPURCHASE PROGRAM Harrisburg, Pennsylvania (August 22, 2002) - Waypoint Financial Corp. (Nasdaq: WYPT) today announced that it has completed the repurchase of 1,896,000 shares authorized by its Board of Directors on February 22, 2002 and has been authorized by the Board to repurchase up to an additional 1,800,000 shares or approximately 5% of its outstanding shares. The current share repurchase authorization is the company's third since the October 17, 1000 completion of the Company's stock offering and merger with York Financial Corp. Shares will be repurchased through open market or negotiated transactions and will be held by the company as treasury stock. The number of shares repurchased and the timing of such transactions will depend upon market conditions and the implementation of other corporate strategies. Waypoint Financial C
Waypoint Financial Corp – PRESS RELEASE (June 12th, 2002)WAYPOINT BANK 235 N. Second Street Harrisburg, Pa 17101 Phone 717-909-2329 Fax 717-231-6186 EXHIBIT 99.1 PRESS RELEASE FOR IMMEDIATE RELEASE --------------------- Contact: Bob Gentry Sr. Vice President, Marketing (717) 909-2329 DAVID E. ZUERN BECOMES THE CHIEF EXECUTIVE OFFICER OF WAYPOINT BANK HARRISBURG, PENNSYLVANIA (JUNE 10, 2002) - Charles C. Pearson, Jr., Co-Chairman ---------------------------------------- and Chief Executive Officer (CEO) of Waypoint Financial today announced the appointment of David E. Zuern as President and CEO of Waypoint Bank. Zuern succeeds Pearson in his new position and has served as Waypoint Bank's President and Chief Operating Officer since September of 2000. In making the anno
Waypoint Financial Corp – Press Release (February 25th, 2002)EXHIBIT 99.1 Press Release WAYPOINT FINANCIAL CORP. COMPLETES INITIAL STOCK REPURCHASE PROGRAM AND ANNOUNCES NEW REPURCHASE PROGRAM Harrisburg, Pennsylvania (February 22, 2002) - Waypoint Financial Corp. (Nasdaq: WYPT) today announced that it has completed the repurchase of 1,957,920 shares authorized by its Board of Directors on September 19, 2001 and has been authorized by the Board to repurchase up to an additional 1,896,000 shares or approximately 5% of its outstanding shares. The current share repurchase authorization is the Company's second since the October 17, 2000 completion of the Company's stock offering and merger with York Financial Corp. Shares will be repurchased through open market or negotiated transactions and will be held by the company as treasury stock. The number of shares repurchased and the timing of such transactions will depend upon market conditions and the implementation of other corporate strategies. Waypoint Financ
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (April 12th, 2001)Exhibit 10.21 EMPLOYMENT AGREEMENT For David E. Zuern EMPLOYMENT AGREEMENT -------------------- EMPLOYMENT AGREEMENT (this "Agreement") entered into this 9th day of August, 2000, by and between HARRIS FINANCIAL, INC., a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania or its successor, and David E. Zuern, a resident of Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to HARRIS SAVINGS BANK or its successor, a wholly-owned subsidiary of the Company. WHEREAS, Company desires to employ Executive in the capacity of President and Chief Operating Officer of the Company and the Bank; and WHEREAS, Executive and Company desire to evidence their agreement as to the terms and conditions of Executive's appointment and continued employment as President a
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (April 12th, 2001)EXHIBIT 10.15 EMPLOYMENT AGREEMENT For Charles C. Pearson EMPLOYMENT AGREEMENT -------------------- EMPLOYMENT AGREEMENT (this "Agreement") entered into this 17th day of October, 2000, by and between WAYPOINT FINANCIAL CORP., a Pennsylvania corporation (the "Company"), with its principal office in Harrisburg, Pennsylvania, and CHARLES C. PEARSON, JR., a resident of Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to WAYPOINT BANK, a wholly-owned subsidiary of the Company. WHEREAS, Harris Financial, MHC, a Pennsylvania mutual holding company (the "Mutual Holding Company") and Executive entered into an employment agreement dated December 19, 1997, which set forth the terms and conditions of the Executive's employment with the Mutual Holding Company; and WHEREAS, the Mutual Holding Company
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (April 12th, 2001)EXHIBIT 10.16 EMPLOYMENT AGREEMENT For Robert W. Pullo EMPLOYMENT AGREEMENT -------------------- THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on October 17, 2000, by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office located in Harrisburg, Pennsylvania, and Robert W. Pullo, a resident of York, Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to Waypoint Bank, a wholly-owned subsidiary of the Company. WHEREAS, the Company and Executive wish to enter into an employment agreement to evidence the terms and conditions of Executive's appointment as Co-Chairman of the Board of Directors of the Company and to provide for Executive's employment by the Company, upon the terms and conditions set forth herein: NOW, THEREFORE
Waypoint Financial Corp – EMPLOYMENT AGREEMENT (April 12th, 2001)EXHIBIT 10.17 EMPLOYMENT AGREEMENT For James H. Moss EMPLOYMENT AGREEMENT -------------------- THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on October 17, 2000, by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office located in Harrisburg, Pennsylvania, and James H. Moss, a resident of Lancaster, Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to Waypoint Bank, a wholly-owned subsidiary of the Company. WHEREAS, the Company and Executive wish to enter into an Employment Agreement to evidence the terms and conditions of Executive's appointment as the Chief Financial Officer and to provide for Executive's employment by the Company, upon the terms and conditions set forth herein: NOW, THEREFORE, the parties hereto, in
Waypoint Financial Corp – AGREEMENT AND GENERAL RELEASE (April 12th, 2001)EXHIBIT 10.20 AGREEMENT AND GENERAL RELEASE WITH JOHN W. ATKINSON AGREEMENT AND GENERAL RELEASE WITH JOHN W. ATKINSON This Agreement and General Release ("Agreement") is entered into effective as of September 7, 2000, by and between WAYPOINT FINANCIAL CORP., a Pennsylvania stock corporation (the "Company") and the holding company of Waypoint Bank (the "Bank") and JOHN W. ATKINSON ("Executive"). RECITALS: --------- A. In connection with the Agreement and Plan of Reorganization, as amended, dated March 27, 2000 (the "Merger Agreement"), by and between Harris Financial, M.H.C., Harris Financial, Inc., New Harris Financial, Inc. (which has changed its name to Waypoint Financial Corp.), Harris Savings Bank (which has changed its name to Waypoint Bank and whic
Waypoint Financial Corp – AGREEMENT AND GENERAL RELEASE (April 12th, 2001)EXHIBIT 10.19 AGREEMENT AND GENERAL RELEASE WITH JAMES L. DURRELL AGREEMENT AND GENERAL RELEASE WITH JAMES L. DURRELL This Agreement and General Release ("Agreement") is entered into effective as of October 13, 2000, by and between WAYPOINT FINANCIAL CORP., a Pennsylvania stock corporation (the "Company") and the holding company of Waypoint Bank (the "Bank") and JAMES L. DURRELL ("Executive"). RECITALS: -------- A. In connection with the Agreement and Plan of Reorganization, as amended, dated March 27, 2000 (the "Merger Agreement"), by and between Harris Financial, M.H.C., Harris Financial, Inc., New Harris Financial, Inc. (which has changed its name to Waypoint Financial Corp.), Harris Savings Bank (which has changed its name to Waypoint Bank and which
Harris Financial Inc – EMPLOYMENT AGREEMENT (August 14th, 2000)EXHIBIT 10.26 EMPLOYMENT AGREEMENT -------------------- THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on ______________, 2000, by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office located in Harrisburg, Pennsylvania, and James H. Moss, a resident of York, Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to Waypoint Bank, a wholly-owned subsidiary of the Company. WHEREAS, the Company and Executive wish to enter into an Employment Agreement to evidence the terms and conditions of Executive's appointment as the Chief Financial Officer and to provide for Executive's employment by the Company, upon the terms and conditions set forth herein: NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 1. Employm
Harris Financial Inc – SEPARATION AGREEMENT AND GENERAL RELEASE (August 14th, 2000)Exhibit 10.31 SEPARATION AGREEMENT AND GENERAL RELEASE This Separation Agreement and General Release is made and entered into on this ____ day of ____________, 2000, by and between Harris Financial, M.H.C., Harris Financial, Inc., Harris Savings Bank, and New Harris Financial, Inc., its successors, assigns, subsidiaries, and affiliates (collectively "Harris") and William M. Long ("Executive"). WHEREAS, Executive is currently employed as Senior Vice President, Lending Division of Harris Savings Bank; and WHEREAS, Executive has indicated his desire to voluntarily terminate his employment as an employee and officer of Harris; and WHEREAS, pursuant to Executive's voluntary termination of employment, Harris is willing to provide certain salary continuation benefits to Executive. NOW THEREFORE, in consideration of the foregoing, the promises and covenants contained herein
Harris Financial Inc – EMPLOYMENT AGREEMENT (August 14th, 2000)EXHIBIT 10.24 EMPLOYMENT AGREEMENT -------------------- THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on ______________, 2000, by and between Waypoint Financial Corp., a Pennsylvania corporation (the "Company"), with its principal office located in Harrisburg, Pennsylvania, and Robert W. Pullo, a resident of York, Pennsylvania ("Executive"). Any reference herein to the "Bank" shall refer to Waypoint Bank, a wholly-owned subsidiary of the Company. WHEREAS, the Company and Executive wish to enter into an employment agreement to evidence the terms and conditions of Executive's appointment as Co- Chairman of the Board of Directors of the Company and to provide for Executive's employment by the Company, upon the terms and conditions set forth herein: NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree
