PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF EUROBANK SAN JUAN, PUERTO RICO FEDERAL DEPOSIT INSURANCE CORPORATION and ORIENTAL BANK AND TRUST DATED AS OF APRIL 30, 2010Purchase and Assumption Agreement • May 6th, 2010 • Oriental Financial Group Inc • State commercial banks
THIS AGREEMENT, made and entered into as of the 30th day of April, 2010, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of EUROBANK, SAN JUAN, PUERTO RICO (the “Receiver”), ORIENTAL BANK AND TRUST, organized under the laws of the Commonwealth of Puerto Rico, and having its principal place of business in San Juan, Puerto Rico (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”).
