PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF PLANTATION FEDERAL BANK, PAWLEYS ISLAND, SOUTH CAROLINA FEDERAL DEPOSIT INSURANCE CORPORATION and FIRST FEDERAL BANK, CHARLESTON, SOUTH...Purchase and Assumption Agreement • May 10th, 2012 • First Financial Holdings Inc /De/ • Savings institution, federally chartered
THIS AGREEMENT, made and entered into as of the 27th day of April, 2012, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of PLANTATION FEDERAL BANK, PAWLEYS ISLAND, SOUTH CAROLINA (the “Receiver”), FIRST FEDERAL BANK, CHARLESTON, SOUTH CAROLINA, organized under the laws of the State of South Carolina, and having its principal place of business in Charleston, South Carolina (the “Assuming Institution”), and the FEDERAL DEPOSIT INSURANCE CORPORATION, organized under the laws of the United States of America and having its principal office in Washington, D.C., acting in its corporate capacity (the “Corporation”).
