PURCHASE AND ASSUMPTION AGREEMENTPurchase and Assumption Agreement • October 24th, 2011 • 1st United Bancorp, Inc. • State commercial banks
THIS AGREEMENT, made and entered into as of the 21st day of October, 2011, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of OLD HARBOR BANK, CLEARWATER, FLORIDA (the “Receiver”), 1ST UNITED BANK, organized under the laws of the State of Florida, and having its principal place of business in BOCA RATON, FL (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”).
