Common Contracts
1 similar null contracts
Written Agreement by and between )December 2nd, 2004
WHEREAS, December 2001, the Federal Reserve Bank of Dallas (“Reserve Bank”), acting under authority delegated by the Board of Governors of the Federal Reserve System (the “Board of Governors”), notified Thomas C. Darden (“Darden”), William J. Collier, and Jesse L. Reese (collectively, the “Control Group”), Robert G. Hall, chairman of the board directors of Kenco Bancshares, Inc., Jayton, Texas (“Kenco”), a registered bank holding company that owns and controls the Kent County State Bank, Jayton, Texas (the “Bank”), and Bob E. Hamilton, a member of the board of directors of Kenco, that the Reserve Bank did not intend to disapprove the Control Group’s proposed acquisition of Kenco pursuant to the Change in Bank Control Act (12 U.S.C. subject to several commitments made by Darden, including a commitment that Darden not be appointed as a director, officer, employee or have any other duties or responsibilities with respect to Kenco without the prior approval of the Reserve Bank (the “Commit
