0001174947-16-002180 Sample Contracts

PURCHASE AND ASSUMPTION AGREEMENT dated as of March 3, 2016 between First Bank and First Community Bank

Purchase and Assumption Agreement • March 7th, 2016 • First Bancorp /Nc/ • State commercial banks • North Carolina

• Contract Type
  Purchase and Assumption Agreement
• Filed
  March 7th, 2016
• Company
  First Bancorp /Nc/
• Industry
  State commercial banks
• Jurisdiction
  North Carolina

This PURCHASE AND ASSUMPTION AGREEMENT, dated as of March 3, 2016 (this “Agreement”), between First Bank, a state-chartered banking corporation, organized under the laws of North Carolina, with its principal office located in Southern Pines, North Carolina (“First Bank” or “Seller”), and First Community Bank, a state-chartered banking corporation, organized under the laws of Virginia, with its principal office located in Bluefield, Virginia (“First Community” or “Purchaser”).