PURCHASE AND ASSUMPTION AGREEMENT dated as of July 2, 2014 between SUN NATIONAL BANK and STURDY SAVINGS BANKPurchase and Assumption Agreement • July 9th, 2014 • Sun Bancorp Inc /Nj/ • Commercial banks, nec • New Jersey
This PURCHASE AND ASSUMPTION AGREEMENT, dated as of July 2, 2014 (this “Agreement”), between Sun National Bank, a national banking association, organized under the laws of the United States, with its principal office located in Vineland, New Jersey (“Seller”), and Sturdy Savings Bank, a mutual savings bank organized under the laws of the State of New Jersey, with its principal office located in Stone Harbor, New Jersey (“Purchaser”).
