EMPLOYMENT AGREEMENTEmployment Agreement • October 26th, 2010 • Congaree Bancshares Inc • State commercial banks • South Carolina
THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated as of October 20, 2010, is made by and between Congaree Bancshares, Inc., a South Carolina corporation (the “Company”), which is the holding company for Congaree State Bank, a South Carolina state bank (the “Bank”), and Charles A. Kirby, an individual resident of South Carolina (the “Executive”). All references to the term “Employer” as used herein shall refer to the Company and the Bank.
October 20, 2010Securities Purchase Agreement • October 26th, 2010 • Congaree Bancshares Inc • State commercial banks
Congaree Bancshares, Inc. (the “Company”) has entered into a Securities Purchase Agreement (the “SPA”) with the United States Department of Treasury (the “Treasury”) that provides, among other things, for the purchase by the Treasury of securities issued by the Company. This purchase occurred as part of the Company’s participation in the Capital Purchase Program (the “CPP”) component of Treasury’s Troubled Asset Relief Program.
AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • October 26th, 2010 • Congaree Bancshares Inc • State commercial banks
This amendment (the “Amendment”) is effective as of the 20th day of October, 2010, and is made by and between Congaree Bancshares, a South Carolina corporation (the “Company”), Congaree State Bank, a South Carolina state bank and wholly owned subsidiary of the Company (the “Bank”; together with the Company, the “Employer”), and Stephen P. Nivens, an individual resident of South Carolina (the “Executive”).
AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • October 26th, 2010 • Congaree Bancshares Inc • State commercial banks
This amendment (the “Amendment”) is effective as of the 20th day of October, 2010, and is made by and between Congaree Bancshares, a South Carolina corporation (the “Company”), Congaree State Bank, a South Carolina state bank and wholly owned subsidiary of the Company (the “Bank”; together with the Company, the “Employer”), and Charlie T. Lovering, an individual resident of South Carolina (the “Executive”).
