PURCHASE AND ASSUMPTION AGREEMENT dated as of July 26, 2011 by and among FLAGSTAR BANK, FSB, PNC BANK, NATIONAL ASSOCIATION, and FLAGSTAR BANCORP, INC., solely with respect to Sections 7.6 and 7.9 and Article 12Purchase and Assumption Agreement • November 9th, 2011 • Flagstar Bancorp Inc • Savings institution, federally chartered • New York
This PURCHASE AND ASSUMPTION AGREEMENT, dated as of July 26, 2011 (this “Agreement”), by and among Flagstar Bank, FSB, a federal chartered stock savings bank, organized under the laws of the United States, with its principal office located in Troy, Michigan (“Seller”), PNC Bank, National Association, a national banking association, organized under the laws of the United States, with its principal office located in Pittsburgh, Pennsylvania (“Purchaser”), and Flagstar Bancorp, Inc., a Michigan corporation (“FBC”), solely with respect to Sections 7.6 and 7.9 and Article 12.
PURCHASE AND ASSUMPTION AGREEMENT BETWEEN FIRST FINANCIAL BANK, N.A. (“BUYER”), FLAGSTAR BANK, FSB (“SELLER”) AND FLAGSTAR BANCORP, INC. (“SELLER PARENT”), solely with respect to Sections 14(b) (Non-solicitation and Non-compete), 28 (Governing Law),...Purchase and Assumption Agreement • November 9th, 2011 • Flagstar Bancorp Inc • Savings institution, federally chartered • Ohio
At the Closing (as hereinafter defined), Seller is willing to sell, and Buyer is willing to purchase, the Assets (as hereinafter defined), and Buyer is willing to assume and discharge the Liabilities (as hereinafter defined) upon the terms and subject to the conditions set forth in this Purchase and Assumption Agreement (the “Agreement”).
