Bank Mutual Corp Sample Contracts

Bank Mutual Corp – BANK MUTUAL CORPORATION EXECUTIVE EXCESS BENEFIT PLAN (as amended effective January 1, 2005) (August 8th, 2017)

The Bank Mutual Corporation Executive Excess Benefit Plan (the "Excess Plan") has been established to provide deferred compensation benefits for key employees of Bank Mutual Corporation and its affiliates. The Excess Plan is now being amended, effective January 1, 2005, to comply with the provisions of Section 409A of the Internal Revenue Code (the “Code”). Each provision and term of the amended Excess Plan should be interpreted accordingly, but if any provision or term of such amended Excess Plan would be prohibited by or be inconsistent with Section 409A of the Code or would constitute a material modification to the Excess Plan with respect to benefits earned and vested as of December 31, 2004, then such provision or term shall be deemed to be reformed to comply with Section 409A of the Code or be ineffective to the extent it results in a material modification to the Excess Plan with respect to benefits earned and vested as of December 31, 2004. The Mutual Savings Bank Executive Exce

Bank Mutual Corp – BANK MUTUAL EMPLOYMENT AGREEMENT (August 8th, 2017)

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this 31st day of May, 2017, by and between Bank Mutual, a federal savings bank (hereinafter referred to as “Employer”), and _____________ (hereinafter referred to as “Executive”).

Bank Mutual Corp – BANK MUTUAL EMPLOYMENT AGREEMENT (August 8th, 2017)

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this 31st day of May, 2017, by and between Bank Mutual, a federal savings bank (hereinafter referred to as “Employer”), and David A. Baumgarten (hereinafter referred to as “Executive”).

Bank Mutual Corp – VOTING AND SUPPORT AGREEMENT (July 26th, 2017)

This Voting and Support Agreement (this “Agreement”), dated as of July 20, 2017, is entered into by and among Associated Banc-Corp, a Wisconsin corporation (“Buyer”), Bank Mutual Corporation, a Wisconsin corporation (the “Company”), and [●], a shareholder of the Company (the “Shareholder”).

Bank Mutual Corp – AGREEMENT AND PLAN OF MERGER BY AND BETWEEN ASSOCIATED BANC-CORP AND BANK MUTUAL CORPORATION DATED AS OF JULY 20, 2017 (July 26th, 2017)
Bank Mutual Corp – Joint News Release (July 20th, 2017)

Green Bay, WI and Milwaukee, WI – July 20, 2017 – Associated Banc-Corp (NYSE: ASB) (“Associated”) and Bank Mutual Corporation (NASDAQ: BKMU) (“Bank Mutual”), jointly announced today that they have entered into a definitive agreement under which Bank Mutual will merge with and into Associated. Bank Mutual’s bank subsidiary will also merge with and into Associated’s bank subsidiary, Associated Bank, N.A. The all stock transaction is valued at approximately $482 million, based on Associated’s July 19, 2017, closing stock price of $24.60 per share.

Bank Mutual Corp – 2016 Management Incentive Compensation Plan (MIP) (March 7th, 2016)

Incentive compensation is an essential element of total annual cash compensation. The Plan is designed to direct the efforts of those whose duties, responsibilities, and decisions have a significant impact on the achievement of BKMU’s basic business objectives by initiating actions, rather than merely responding to external conditions. Specific objectives of the Plan are to:

Bank Mutual Corp – AGREEMENT (February 23rd, 2016)

This AGREEMENT, dated as of February 22, 2016 (this “Agreement”), is by and among Bank Mutual Corporation, a Wisconsin corporation (the “Company”), and the entities listed on Exhibit A hereto (each, a “Clover Party” and collectively, the “Clover Parties”).

Bank Mutual Corp – NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 4:00 P.M. CENTRAL) (February 23rd, 2016)
Bank Mutual Corp – BANK MUTUAL CORPORATION DIRECTOR STOCK OPTION AGREEMENT (August 5th, 2014)

Option granted the _____ day of _______________________, 20___ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to ________________________________ (hereinafter called the “Optionee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION RESTRICTED STOCK AWARD (August 5th, 2014)

This Restricted Stock Award is granted the ___ day of ______________, 20__ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to _____________________________ (hereinafter called the “Grantee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION INCENTIVE STOCK OPTION AGREEMENT (August 5th, 2014)

Option granted the _____ day of _______________________, 20___ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to ________________________________ (hereinafter called the “Optionee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION RESTRICTED STOCK AWARD (August 5th, 2014)

This Restricted Stock Award is granted the ___ day of ______________, 20__ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to _____________________________ (hereinafter called the “Grantee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION INCENTIVE STOCK OPTION AGREEMENT (August 5th, 2014)

Option granted the _____ day of _______________________, 20___ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to ________________________________ (hereinafter called the “Optionee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION RESTRICTED STOCK AWARD (August 5th, 2014)

This Restricted Stock Award is granted the ___ day of ______________, 20__ (the “Date of Grant”), by BANK MUTUAL CORPORATION, Wisconsin corporation (hereinafter called “Bank Mutual”), to _________________________________ (hereinafter called the “Grantee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION 2014 INCENTIVE COMPENSATION PLAN (May 6th, 2014)
Bank Mutual Corp – FOR IMMEDIATE RELEASE (January 18th, 2013)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $2.3 million or $0.05 per diluted share in the fourth quarter of 2012, which was an $883,000 or 62.1% improvement over the same quarter in 2011. Bank Mutual Corporation (“Bank Mutual”) had net income of $1.4 million or $0.03 per diluted share in the prior year quarter. On a full-year basis Bank Mutual reported net income of $6.8 million or $0.15 per diluted share in 2012 compared to a net loss of $47.6 million or $1.03 per diluted share in 2011. The loss in 2011 was primarily caused by a $52.6 million non-cash goodwill impairment in the second quarter of that year. Excluding the impairment, Bank Mutual’s earnings in 2011 would have been $5.0 million or $0.11 per diluted share. Bank Mutual also announced that its non-performing assets declined to $39.8 million or 1.64% of total assets at December 31, 2012.

Bank Mutual Corp – F O R I M M E D I A T E R E L E A S E (October 19th, 2012)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $2.0 million or $0.04 per diluted share in the third quarter of 2012, which was a $617,000 or 45.7% improvement over the same quarter in 2011. Bank Mutual Corporation (“Bank Mutual”) had net income of $1.3 million or $0.03 per diluted share in the prior year quarter. Year-to-date, Bank Mutual reported net income of $4.4 million or $0.10 per diluted share in 2012 compared to a net loss of $49.0 million or $1.07 per diluted share in the same period in 2011. The loss in the 2011 year-to-date period was caused by a $52.6 million non-cash goodwill impairment in the second quarter of that year. Excluding the impairment, Bank Mutual’s earnings during the year-to-date period in 2011 would have been $3.6 million or $0.08 per diluted share. Bank Mutual also announced that its non-performing loans declined to $33.9 million or 2.45% of loans receivable at September 30, 2012.

Bank Mutual Corp – NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 3:30 P.M. CENTRAL) (July 20th, 2012)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.3 million or $0.03 per diluted share in the second quarter of 2012 compared to a net loss of $51.4 million or $1.12 per diluted share in the same quarter of 2011. Year-to-date, Bank Mutual Corporation (“Bank Mutual”) reported net income of $2.5 million or $0.05 per diluted share in 2012 compared to a net loss of $50.3 million or $1.10 per diluted share in the same period in 2011. The losses in the 2011 periods were caused by a $52.6 million non-cash goodwill impairment in the second quarter of that year. Excluding this impairment, Bank Mutual’s earnings during the three- and six-month periods in 2011 were $1.2 million or $0.03 per diluted share and $2.2 million or $0.05 per diluted share, respectively. Bank Mutual also announced that its non-performing loans declined for the fifth consecutive quarter, to $50.4 million or 3.74% of loans receivable at June 30, 2012.

Bank Mutual Corp – NEWS FROM BANK MUTUAL CORPORATION (April 20th, 2012)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.2 million or $0.03 per diluted share in the first quarter of 2012 compared to $1.0 million or $0.02 per diluted share in the same quarter of 2011. The improvement in net income was principally due to lower provision for loan losses and higher gains on sales of loans. These developments were partially offset by higher net losses and expenses on foreclosed real estate, higher compensation-related costs, lower gains on sales of investments, and lower net interest income. Bank Mutual Corporation (“Bank Mutual”) also announced that its non-performing loans declined by $16.1 million or 21.5% during the first quarter of 2012.

Bank Mutual Corp – BANK MUTUAL CORPORATION MANAGEMENT RECOGNITION AWARD (March 5th, 2012)

This Management Recognition Award is granted the ___ day of ______________, 201_ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to _____________________________ (hereinafter called the “Grantee”).

Bank Mutual Corp – BANK MUTUAL CORPORATION (March 5th, 2012)

Incentive compensation is an essential element of total annual cash compensation. The Plan is designed to direct the efforts of those whose duties, responsibilities, and decisions have a significant impact on the achievement of BKMU’s basic business objectives by initiating actions, rather than merely responding to external conditions. Specific objectives of the Plan are to:

Bank Mutual Corp – BANK MUTUAL CORPORATION INCENTIVE STOCK OPTION AGREEMENT (March 5th, 2012)

Option granted the _____ day of _______________________, 200___ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to ________________________________ (hereinafter called the “Optionee”).

Bank Mutual Corp – NEWS FROM BANK MUTUAL CORPORATION (EMBARGOED UNTIL 3:30 P.M. CENTRAL) (January 30th, 2012)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.4 million or $0.03 per diluted share in the fourth quarter of 2011 compared to a net loss of $76.4 million in the fourth quarter of 2010. Results for the fourth quarter of 2010 included a loss on early repayment of borrowings from the Federal Home Loan Bank (“FHLB”) of Chicago, as well as an elevated level of provision for loan losses. Bank Mutual Corporation (“Bank Mutual”) also announced that its non-performing loans declined by $14.7 million or 16.3% during the fourth quarter of 2011 and by $47.8 million or 38.9% during the entire year.

Bank Mutual Corp – F O R I M M E D I A T E R E L E A S E N E W S (October 21st, 2011)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.3 million or $0.03 per diluted share in the third quarter of 2011, which was a $423,000 or 45.7% improvement over the same quarter in the previous year. Net income in the same quarter last year was $926,000 or $0.02 per diluted share. Bank Mutual Corporation (“Bank Mutual”) also announced that its non-performing loans declined by $17.8 million or 16.6% during the recently completed quarter. Since the beginning of the year, non-performing loans have declined by $33.1 million or 26.9%.

Bank Mutual Corp – FOR IMMEDIATE RELEASE NEWS (July 26th, 2011)

Bank Mutual Corporation (NASDAQ: BKMU) announced today that, including a non-cash goodwill impairment of $52.6 million, its net loss for the second quarter of 2011 was $51.4 million or $1.12 per diluted share. The goodwill impairment had no effect on the liquidity, operations, tangible capital, or regulatory capital of Bank Mutual Corporation (“Bank Mutual”) or its subsidiary bank. This impairment was primarily the result of a continued decline in Bank Mutual’s stock price and market capitalization. Excluding the impact of the impairment, earnings during the second quarter of 2011 were $1.2 million or $0.03 per diluted share compared to $731,000 or $0.02 per diluted share during the same quarter in 2010. Year-to-date, net income (loss), including goodwill impairment, was $(50.3) million or $(1.10) per diluted share in the first six months of 2011 compared to $2.8 million or $0.06 per diluted share in the same period last year. Excluding the goodwill impairment, earnings were $2.2 milli

Bank Mutual Corp – FOR IMMEDIATE RELEASE NEWS (April 18th, 2011)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income in the first quarter of 2011 of $1.0 million or $0.02 per diluted share compared to $2.1 million or $0.05 per diluted share during the same period in the previous year. Net income for these periods represented a return on average assets (“ROA”) of 0.16% and 0.24%, respectively, and a return on average equity (“ROE”) of 1.33% and 2.09%, respectively. The decline in net income between these periods was principally due to a decline in gains on sales of investments, offset in part by an increase in net interest income.

Bank Mutual Corp – BANK MUTUAL CORPORATION 2011 UPDATE FORM OF DIRECTOR STOCK OPTION AGREEMENT (March 4th, 2011)

Option granted the ____ day of ________, 20_(the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to _______________ (hereinafter called the “Optionee”).

Bank Mutual Corp – BANK MUTUAL FORM OF EMPLOYMENT AGREEMENT (March 4th, 2011)

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this ____day of ____________, 20__, by and between Bank Mutual, a federal savings bank (hereinafter referred to as “Employer”), and ________________ (hereinafter referred to as “Executive”).

Bank Mutual Corp – BANK MUTUAL CORPORATION 2010 UPDATED FORM INCENTIVE STOCK OPTION AGREEMENT (March 4th, 2011)

Option granted the ____ day of ________, 20__ (the “Date of Grant”), by BANK MUTUAL CORPORATION, a Wisconsin corporation (hereinafter called “Bank Mutual”), to _________________ (hereinafter called the “Optionee”).

Bank Mutual Corp – FOR IMMEDIATE RELEASE (February 1st, 2011)

Bank Mutual Corporation (NASDAQ: BKMU) reported a net loss in the fourth quarter of 2010 of $76.4 million or $1.68 per diluted share compared to net income of $1.5 million or $0.03 per diluted share in the same quarter in 2009. The loss in the 2010 quarter was due in large part to a previously- announced charge related to Bank Mutual’s early repayment of $756.0 million in borrowings from the Federal Home Loan Bank (“FHLB”) of Chicago. Bank Mutual Corporation (“Bank Mutual”) repaid these borrowings in December and recognized a one-time charge of $53.6 million or $1.17 per diluted share, net of the related income tax effect. Also contributing to the loss in the 2010 quarter was a provision for loan losses of $20.4 million or $0.44 per diluted share, also net of the related income tax effect, which was within the range previously announced by Bank Mutual. Bank Mutual’s net loss for the year ended December 31, 2010, was $72.6 million or $1.59 per diluted share compared to net income of $13

Bank Mutual Corp – FOR IMMEDIATE RELEASE (October 26th, 2010)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income in the third quarter of 2010 of $926,000 or $0.02 per diluted share compared to $1.2 million or $0.03 per diluted share during the same period in the previous year. Net income for the nine months ended September 30, 2010, was $3.8 million or $0.08 per diluted share compared to $12.3 million or $0.26 per diluted share in the same period last year. Net income during the third quarters of 2010 and 2009 represented a return on average assets (“ROA”) of 0.11% and 0.14%, respectively, and a return on average equity (“ROE”) of 0.93% and 1.23%, respectively. For the nine month periods in 2010 and 2009, ROA was 0.14% and 0.47%, respectively, and ROE was 1.25% and 4.05%, respectively.

Bank Mutual Corp – F O R I M M E D I A T E R E L E A S E (July 26th, 2010)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income in the second quarter of 2010 of $731,000 or $0.02 per diluted share compared to $3.8 million or $0.08 per diluted share during the same period in the previous year. Net income for the six months ended June 30, 2010, was $2.8 million or $0.06 per diluted share compared to $11.0 million or $0.23 per diluted share in the same period last year. Net income during the second quarters of 2010 and 2009 represented a return on average assets (“ROA”) of 0.08% and 0.44%, respectively, and a return on average equity (“ROE”) of 0.73% and 3.78%, respectively. For the six month periods in 2010 and 2009, ROA was 0.16% and 0.63%, respectively, and ROE was 1.41% and 5.46%, respectively.

Bank Mutual Corp – FOR IMMEDIATE RELEASE (April 20th, 2010)

Bank Mutual Corporation (NASDAQ: BKMU) reported net income in the first quarter of 2010 of $2.1 million or $0.05 per diluted share compared to $7.2 million or $0.15 per diluted share during the same period in the previous year. Net income for these periods represented a return on average assets (“ROA”) of 0.24% and 0.82%, respectively, and a return on average equity (“ROE”) of 2.09% and 7.16%, respectively.

Bank Mutual Corp – BANK MUTUAL EMPLOYMENT AGREEMENT (April 9th, 2010)

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of this 5th day of April, 2010, by and between Bank Mutual, a federal savings bank (hereinafter referred to as “Employer”), and David A. Baumgarten (hereinafter referred to as “Executive”).