1st Security Bancorp Inc – RP® FINANCIAL, LC. Celebrating 20 Years of Financial Advisory Services (November 17th, 2008)
This letter sets forth the agreement between 1st Security Bank of Washington, Mountlake Terrace, Washington (the “Bank”), and RP® Financial, LC (“RP Financial”) for independent appraisal services in connection with the stock to be issued concurrent with the mutual to stock conversion transaction. The specific appraisal services to be rendered by RP Financial are described below.
1st Security Bancorp Inc – LAW OFFICES (November 17th, 2008)
In accordance with your request set forth hereinbelow is the opinion of this firm relating to the federal income tax consequences of the conversion of 1st Security Bank of Washington ("Mutual") from a Washington-chartered mutual savings bank to a Washington-chartered stock savings bank ("Stock Bank") pursuant to the provisions of Section 368(a)(1)(F) of the Internal Revenue Code of 1986, as amended (the "Code").
1st Security Bancorp Inc – August 18, 2008 President and Chief Executive Officer 1st Security Bank of Washington 6920 220th Street SW Suite 300 Mountlake Terrace, WA 98043-2172 Dear Mr. Adams: (November 17th, 2008)
This letter confirms the engagement of Keefe, Bruyette & Woods, Inc. (“KBW”) to act as the financial advisor to 1st Security Bank of Washington (the “Bank”) in connection with the Bank’s proposed conversion from the mutual to stock form of organization pursuant to the Bank’s Plan of Conversion (the “Conversion”), including the offer and sale of certain shares of the common stock (the “Common Stock”) of a holding company (the “Holding Company”) to be formed by the Bank to eligible persons in a Subscription Offering, with any remaining shares offered to the general public in a Community Offering (the Subscription Offering the Community Offering and any Syndicated Community Offering are collectively referred to herein as the “Offerings”). In addition, KBW will act as Conversion Agent in connection with the Offerings pursuant to the terms of a separate agreement between the Bank and KBW. The Bank and the Holding Company are collectively referred to herein as the “Company” This letter s