Branch Purchase and Assumption Agreement Sample Contracts

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BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • April 29th, 2014 • Howard Bancorp Inc • State commercial banks • Maryland

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 24th day of April, 2014, by and between Howard Bank, a Maryland trust company operating as a commercial bank with its main office located in Ellicott City, Maryland (“Buyer”), and NBRS Financial Bank, a Maryland chartered commercial bank with its main office located in Rising Sun, Maryland (“Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • September 5th, 2013 • River Valley Bancorp • Savings institution, federally chartered • Indiana

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (the “Agreement”), dated as of the 4th day of September, 2013, is made and entered into by and between OLD NATIONAL BANK, a national banking association having its principal office in Evansville, Indiana (the “Seller”), and RIVER VALLEY FINANCIAL BANK, an Indiana commercial bank having its principal office in Madison, Indiana (the “Purchaser”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • February 10th, 2020 • Simmons First National Corp • National commercial banks • Colorado
BRANCH PURCHASE AND ASSUMPTION AGREEMENT by and between Main Street Bank and Green Bank, National Association June 17, 2011
Branch Purchase and Assumption Agreement • March 31st, 2017 • Green Bancorp, Inc. • National commercial banks • Texas

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of June 17, 2011 by and between Main Street Bank (“Seller”), a Texas banking association located in Kingwood, Texas, and Green Bank, National Association (“Purchaser”), a national banking association located in Houston, Texas.

ARTICLE I TRANSFER OF ASSETS AND ASSUMPTION OF DEPOSIT LIABILITIES
Branch Purchase and Assumption Agreement • January 12th, 2007 • First Ipswich Bancorp /Ma • National commercial banks • Massachusetts
BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • July 14th, 1997 • Capital Corp of the West • State commercial banks • California
BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • November 13th, 2006 • 1st Constitution Bancorp • Savings institution, federally chartered • New Jersey

This Agreement, dated as of November 6, 2006 is made by and between Sun National Bank, a national banking association organized under the laws of the United States of America and having its principal place of business in Vineland, New Jersey (“Seller”), and 1st Constitution Bank, a commercial bank chartered under the laws of the State of New Jersey and having its principal place of business in Cranbury, New Jersey (“Buyer”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT between LIBERTY BANK, F.S.B. and RANDALL-STORY STATE BANK -GARNER AND KLEMME BRANCHES- February 16, 2012
Branch Purchase and Assumption Agreement • February 17th, 2012 • Ames National Corp • National commercial banks • Iowa

This Branch Purchase and Assumption Agreement (this "Agreement") is made and executed as of February 16, 2012, by and between Liberty Bank, F.S.B., a federal savings bank with its main office located in West Des Moines, Iowa ("Seller"), and Randall-Story State Bank, an Iowa chartered banking corporation with its main office located in Story City, Iowa ("Buyer").

FIRST AMENDMENT TO THE BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • August 8th, 2005 • Gold Banc Corp Inc • National commercial banks

THIS FIRST AMENDMENT TO THE BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Amendment”), dated May 31, 2005, is made by and between Gold Bank, a Kansas banking corporation (“Seller”), and Olney Bancshares of Texas, Inc., a Texas corporation (“Buyer”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT dated as of January 7, 2004 between CENTER BANK and KOREA EXCHANGE BANK
Branch Purchase and Assumption Agreement • March 30th, 2004 • Center Financial Corp • Savings institution, federally chartered • Illinois

BRANCH PURCHASE AND ASSUMPTION AGREEMENT, dated as of January 7, 2004, between KOREA EXCHANGE BANK, a Korean banking corporation (“Seller”), and CENTER BANK, a California banking corporation (“Purchaser”).

FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • August 8th, 2013 • Cecil Bancorp Inc • Savings institution, federally chartered

THIS FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Amendment”) is made as of this 8th day of May, 2013 by and between Howard Bank, a Maryland trust company acting as a commercial bank (“Acquiror”) and Cecil Bank, a Maryland chartered commercial bank. (“Seller”).

Exhibit 10
Branch Purchase and Assumption Agreement • November 26th, 2001 • Jacksonville Bancorp Inc • Savings institutions, not federally chartered • Tennessee
dated as of
Branch Purchase and Assumption Agreement • September 29th, 2000 • North Valley Bancorp • State commercial banks • California
BRANCH PURCHASE AND ASSUMPTION AGREEMENT between REPUBLIC BANK & TRUST COMPANY and LIMESTONE BANK, INC. July 24, 2019
Branch Purchase and Assumption Agreement • July 25th, 2019 • Limestone Bancorp, Inc. • National commercial banks • Kentucky

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 24th day of July, 2019, by and between REPUBLIC BANK & TRUST COMPANY, a Kentucky banking corporation (“Seller”), and LIMESTONE BANK, INC., a Kentucky banking corporation (“Buyer”).

Contract
Branch Purchase and Assumption Agreement • October 26th, 2011 • First Bancorp /Nc/ • State commercial banks • North Carolina
FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • August 27th, 2013 • Howard Bancorp Inc • State commercial banks

THIS FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Amendment”) is made as of this 8th day of May, 2013 by and between Howard Bank, a Maryland trust company acting as a commercial bank (“Acquiror”) and Cecil Bank, a Maryland chartered commercial bank. (“Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT between WesBanco Bank, Inc. (“Purchaser”) a state banking corporation and AmTrust Bank (“Seller”) a federal stock savings bank January 21, 2009
Branch Purchase and Assumption Agreement • January 23rd, 2009 • Wesbanco Inc • National commercial banks • Ohio

This Branch Purchase and Assumption Agreement (this “Agreement”) is made to be effective as of the 21st day of January, 2009, between WesBanco Bank, Inc. a state banking corporation having its principal office in Wheeling, West Virginia (the “Purchaser”), and AmTrust Bank, a federal stock savings bank having its principal office in Cleveland, Ohio (the “Seller”):

BRANCH PURCHASE AND ASSUMPTION AGREEMENT BETWEEN FIRST MID-ILLINOIS BANK & TRUST, N.A., AND FIRST BANK Dated as of May 7, 2010
Branch Purchase and Assumption Agreement • May 7th, 2010 • First Mid Illinois Bancshares Inc • State commercial banks • Illinois

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 7th day of May, 2010, by and among First Mid-Illinois Bank & Trust, N.A., a national association with its main office located in Mattoon, Illinois (“Buyer”), and First Bank, a Missouri state chartered bank with its main office located in Creve Coeur, Missouri (“Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT dated as of October 21, 2011 between WACCAMAW BANK and WACCAMAW BANKSHARES, INC. as Seller and FIRST BANK as Purchaser
Branch Purchase and Assumption Agreement • October 27th, 2011 • Waccamaw Bankshares Inc • State commercial banks • North Carolina

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT, dated as of October 21, 2011, is made by and between FIRST BANK, a bank organized under the laws of the State of North Carolina (“Purchaser”), and WACCAMAW BANK, a North Carolina state-chartered bank (“Waccamaw Bank”), and WACCAMAW BANKSHARES, INC. (“Parent”), a North Carolina corporation (collectively with Waccamaw Bank, “Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT AND AGREEMENT FOR PURCHASE
Branch Purchase and Assumption Agreement • January 3rd, 2011 • 1st Constitution Bancorp • Savings institution, federally chartered • New Jersey

This Agreement, dated as of December 30, 2010 is made by and among Amboy Bank, Old Bridge, New Jersey, a New Jersey state chartered commercial bank, (“Seller”) and 1st Constitution Bank, Cranbury, New Jersey, a New Jersey state chartered commercial bank (“Buyer”).

AMENDMENT NO. 1 TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • November 8th, 2010 • First Mid Illinois Bancshares Inc • State commercial banks

This Amendment No. 1 to the Branch Purchase and Assumption Agreement (this “Amendment”), dated as of August 31, 2010, is entered into by and between First Mid-Illinois Bank & Trust, N.A., a national association with its main office located in Mattoon, Illinois (“Buyer”), and First Bank, a Missouri state chartered bank with its main office located in Creve Coeur, Missouri (“Seller”). Capitalized terms used but not defined in this Amendment have the respective meanings assigned to them in the Agreement.

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FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • October 23rd, 2015 • First Mid Illinois Bancshares Inc • State commercial banks

This FIRST AMENDMENT TO BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “First Amendment”), dated as of August 14, 2015, is made and entered into by and between OLD NATIONAL BANK, a national banking association having its principal office in Evansville, Indiana (the “Seller”), and FIRST MID-ILLINOIS BANK & TRUST, N.A., a national banking association having its principal office in Mattoon, Illinois (the “Purchaser”, and together with the Seller, the “Parties”, and each, a “Party”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT by and between SPIRIT OF TEXAS BANK, SSB College Station, Texas and SIMMONS BANK Pine Bluff, Arkansas Dated as of December 20, 2019
Branch Purchase and Assumption Agreement • December 23rd, 2019 • Spirit of Texas Bancshares, Inc. • State commercial banks • Texas

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of December 20, 2019, by and between Spirit of Texas Bank, SSB, a Texas state savings bank having its principal office in College Station, Texas (“Buyer”), and Simmons Bank, an Arkansas state member bank having its principal office in Pine Bluff, Arkansas (“Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT BY AND BETWEEN THE DELAWARE COUNTY BANK AND TRUST COMPANY AND MERCHANTS NATIONAL BANK Dated as of January 10, 2014
Branch Purchase and Assumption Agreement • January 13th, 2014 • DCB Financial Corp • State commercial banks • Ohio

This Branch Purchase and Assumption Agreement (the “Agreement”) is made and entered into as of the 10th day of January, 2014, by and between The Delaware County Bank and Trust Company, an Ohio state-chartered bank having its principal office in Lewis Center, Ohio (“Seller”), and Merchants National Bank, a national banking association organized under the laws of the United States having its principal office in Hillsboro, Ohio (“Purchaser”):

BRANCH PURCHASE AND ASSUMPTION AGREEMENT between YOUR COMMUNITY BANK and CITIZENS BANK (HARTFORD, KY.) December 4, 2015
Branch Purchase and Assumption Agreement • December 7th, 2015 • Your Community Bankshares, Inc. • State commercial banks • Indiana

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 4TH day of December, 2015, by and between YOUR COMMUNITY BANK, an Indiana banking corporation (“Seller”), and CITIZENS BANK (HARTFORD, KY.), a Kentucky banking corporation (“Buyer”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • November 14th, 2003 • Gold Banc Corp Inc • National commercial banks • Kansas

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this "Agreement") is made and executed as of the 16th day of September, 2003, by and between Gold Bank, a Kansas banking corporation with its main office located in Leawood, Kansas ("Seller"), and Leonard R. Wolfe ("Buyer"), an individual. The Seller agrees that the Buyer may assign the Buyer’s rights and obligations under this Agreement to a Kansas banking corporation or a Kansas domestic corporation organized by the Buyer to own the assets and assume the liabilities identified in this Agreement.

BRANCH PURCHASE AND ASSUMPTION AGREEMENT
Branch Purchase and Assumption Agreement • August 13th, 2001 • Heritage Oaks Bancorp • State commercial banks • California

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT ("Agreement") is made as of July __, 2001, by and between WESTAMERICA BANK, a California state bank (the "Seller"), and HERITAGE OAKS BANK, a California state bank (the "Buyer").

Branch Purchase and Assumption Agreement by and among River Valley Financial Bank and The New Washington State Bank March 3, 2010
Branch Purchase and Assumption Agreement • March 8th, 2010 • River Valley Bancorp • Savings institution, federally chartered • Indiana

This Branch Purchase and Assumption Agreement (“Agreement”) is made and entered into as of this 3rd day of March, 2010, by and among The New Washington State Bank (“Seller”), an Indiana commercial bank having its home office in New Washington, Indiana, and River Valley Financial Bank (“Buyer”), a federal savings bank having its home office in Madison, Indiana.

Branch Purchase and Assumption Agreement by and between KeyBank National Association and Lorain National Bank Dated as of April 10, 1997
Branch Purchase and Assumption Agreement • March 13th, 2006 • LNB Bancorp Inc • State commercial banks • Ohio

Agreed Value shall mean, with regard to the Owned Real Estate and the Leasehold Estate, its value as reflected by the Appraisal. Agreed Value shall mean, with regard to the furniture, fixture and equipment which constitute part of the Assets, the net book value determined as of the most recent month end preceding the Closing Date under generally accepted accounting principles (the “Net Book Value”) of such furniture, fixture and equipment. In no event shall the Agreed Value of the furniture, fixtures and equipment at any Branch be less than $5,000.00.

BRANCH PURCHASE AND ASSUMPTION AGREEMENT BY AND BETWEEN PAN AMERICAN BANK, FSB, AS SELLER AND GUARANTY BANK, AS BUYER dated as of July 1, 2004
Branch Purchase and Assumption Agreement • November 19th, 2004 • United Pan Am Financial Corp • Mortgage bankers & loan correspondents • California

This Branch Purchase and Assumption Agreement (“Agreement”) is made and entered into as of July 1, 2004 (“Signature Date”), by and between PAN AMERICAN BANK, FSB, a federal savings bank with its home office located at 1801 El Camino Real, Burlingame, California 94010 (“Seller”), UNITED PANAM FINANCIAL CORP., a California corporation with its home office located at 3990 Westerly Place, Suite 200, Newport Beach, California 92660 (“Seller’s Parent Company”), and GUARANTY BANK, a federal savings bank with its home office located at 1300 South MoPac Expressway, Austin, Texas 78746 (“Buyer”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT between REPUBLIC BANK & TRUST COMPANY and CITIZENS FIRST BANK, INC. June 1, 2011
Branch Purchase and Assumption Agreement • August 8th, 2011 • Citizens First Corp • National commercial banks • Kentucky

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 1st day of June, 2011, by and between REPUBLIC BANK & TRUST COMPANY, a Kentucky banking corporation (“Seller”), and CITIZENS FIRST BANK, INC., a Kentucky banking corporation (“Buyer”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT BETWEEN FIRST BANK AND FIRST BANK OF BEVERLY HILLS August 7, 2006
Branch Purchase and Assumption Agreement • November 7th, 2006 • Beverly Hills Bancorp Inc • State commercial banks • Missouri

This BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is made and executed as of the 7th day of August, 2006, by and between First Bank, a Missouri state bank with its main office located in Creve Coeur, Missouri (“Buyer”), and First Bank of Beverly Hills, a California banking corporation with its main office located in Calabasas, California (“Seller”).

BRANCH PURCHASE AND ASSUMPTION AGREEMENT by and between CONSUMERS NATIONAL BANK and CFBANK, NATIONAL ASSOCIATION December 29, 2020
Branch Purchase and Assumption Agreement • February 12th, 2021 • Consumers Bancorp Inc /Oh/ • National commercial banks • Ohio

THIS BRANCH PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”), is made as of the 29th day of December, 2020, by and between Consumers National Bank, a national banking association chartered under the laws of the United States of America with its principal office located at 614 E. Lincoln Way, Minerva, Ohio 44657 (“Purchaser”), and CFBank, National Association, a national banking association chartered under the laws of the United States of America with its principal office located at 7000 N. High St., Worthington, Ohio 43085 (“Seller”).

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