December 19, 2008 Joseph S. Exnicios c/o Whitney Holding Corporation 228 St. Charles Avenue New Orleans, LA 70130 Dear Mr. Exnicios,Securities Purchase Agreement • March 2nd, 2009 • Whitney Holding Corp • National commercial banks
Whitney Holding Corporation (the “Company”) anticipates entering into a Securities Purchase Agreement (the “Participation Agreement”), with the United States Department of Treasury (“Treasury”) that provides for the Company’s participation in the Treasury’s TARP Capital Purchase Program (the “CPP”). If the Company does not participate or ceases at any time to participate in the CPP, this letter shall be of no further force and effect.
