BY AND BETWEEN EL BANCO FINANCIAL CORPORATION FORMERLY KNOWN AS NUESTRA TARJETA DE SERVICIOS, INC. (BUYER) ANDTermination Agreement • October 26th, 2006 • Nbog Bancorporation Inc • National commercial banks • Georgia
October 26, 2006Nbog Bancorporation Inc • October 26th, 2006 • National commercial banks
On October 25, 2006, El Banco Financial Corporation and NBOG Bancorporation, Inc. mutually agreed to terminate their pending merger agreement. The parties concluded that receipt of regulatory approval would not be forthcoming on a timely enough basis to satisfy each side's business requirements. Under the terms of a termination agreement, both parties agreed to release any claims they may have against the other and that no termination fee would be paid by either party.
