PURCHASE AND ASSUMPTION AGREEMENT ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF SLAVIE FEDERAL SAVINGS BANK, BEL AIR, MARYLAND FEDERAL DEPOSIT INSURANCE CORPORATION AND BAY BANK, FSB DATED AS OF MAY 30, 2014Purchase and Assumption Agreement • June 5th, 2014 • Bay Bancorp, Inc. • State commercial banks
THIS AGREEMENT, made and entered into as of the 30th day of May, 2014, by and among the FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER of SLAVIE FEDERAL SAVINGS BANK, BEL AIR, MARYLAND (the “Receiver”), BAY BANK, FSB, organized under the laws of the United States of America, and having its principal place of business in LUTHERVILLE, MARYLAND (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”).
