PURCHASE AND ASSUMPTION AGREEMENT by and between LUMBEE GUARANTY BANK, as Buyer and NEW CENTURY BANK, as Seller Dated as of December 20, 2011Purchase and Assumption Agreement • December 23rd, 2011 • New Century Bancorp Inc • State commercial banks • North Carolina
THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of the 20th day of December, 2011, by and between LUMBEE GUARANTY BANK, a North Carolina banking corporation with its main office in Pembroke, North Carolina (“Buyer”), and NEW CENTURY BANK, a North Carolina banking corporation with its main office in Dunn, North Carolina (“Seller”).
