PURCHASE AND ASSUMPTION AGREEMENT Between FNB SOUTHEAST (“Seller”) andPurchase and Assumption Agreement • April 17th, 2007 • New Peoples Bankshares Inc • State commercial banks • Virginia
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is entered into as of April 13, 2007 between FNB Southeast, a North Carolina chartered bank having its principal offices in Reidsville, North Carolina (“Seller”), and New Peoples Bank, a Virginia chartered bank having its principal offices in Honaker, Virginia (“Purchaser”):
