EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc. • New Hampshire
This Employment Agreement (this “Agreement”) is made effective as of March 1, 2019 (the “Effective Date”), by and between Federal Savings Bank, a federally-chartered savings bank (the “Bank”), and Timothy F. Dargan (the “Executive”). The Bank and the Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean First Seacoast Bancorp, the proposed federal mid-tier holding company of the Bank, which is in formation. The Company is a signatory to this Agreement solely as provided for in Section 12 of this Agreement.
June 8, 2022First Seacoast Bancorp, Inc. • September 13th, 2022
This letter sets forth the agreement (“Agreement”) between First Seacoast Bancorp (the “Company”) and Feldman Financial Advisors, Inc. (“FFA”), whereby the Company has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the Company in connection with the conversion of the Company from the mutual holding company structure to a fully stock holding company structure and concurrent second-step stock offering by a newly formed stock holding company (the “Conversion”). First Seacoast Bancorp, MHC currently owns a majority of the outstanding common stock of the Company, which owns all of the outstanding common stock of First Seacoast Bank.
August 22, 2022 First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast BankLetter Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc. • New York
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and Richard M. Donovan (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and James R. Brannen (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and Timothy F. Dargan (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
