Esop Loan Agreement Sample Contracts

Broadway Financial Corporation – Esop Loan Agreement (March 27th, 2017)

This Loan Agreement (the Agreement), dated December 19, 2016, is entered into by and between Broadway Financial Corporation, a Delaware corporation (Lender), and Nicholas L. Saakvitne (the Trustee) as trustee for the Broadway Federal Bank, f.s.b. Employee Stock Ownership Plan Trust (the Borrower).

Esop Loan Agreement No. 2 (May 6th, 2016)

This ESOP Loan Agreement No. 2 (the "Second Agreement") dated as of July 21, 2003 is entered into by and between FARMER BROS. CO., a California corporation ("Lender"), and WELLS FARGO BANK, N.A., (the "Trustee") as trustee for the FARMER BROS. CO. EMPLOYEE STOCK OWNERSHIP PLAN (the "Borrower" or the "ESOP").

Esop Loan Agreement (May 6th, 2016)

This Loan Agreement (the "Agreement") dated March 28, 2000 is entered into by and between FARMER BROS. CO., a California corporation ("Lender"), and WELLS FARGO BANK, N.A., (the "Trustee") as trustee for the FARMER BROS. CO. EMPLOYEE STOCK OWNERSHJP PLAN (the "Borrower" or the "ESOP").

Msb Financial Corp – Form of Esop Loan Agreement Millington Bank Employee Stock Ownership Plan Trust (March 6th, 2015)

This LOAN AGREEMENT dated , 2015, between the MILLINGTON BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (the TRUST) as represented by the ESOP TRUSTEES, herein referred to as the BORROWER, and MSB FINANCIAL CORP., a Maryland corporation, as the lender (the LENDER), hereby agree as follows:

MB Bancorp Inc – Esop Loan Agreement (September 12th, 2014)

THIS LOAN AGREEMENT ("Loan Agreement") is made and entered into as of _________, by and between _____________________, AS THE TRUSTEES FOR THE MADISON BANK OF MARYLAND EMPLOYEE STOCK OWNERSHIP PLAN TRUST ("Borrower"), a trust forming part of the Madison Bank of Maryland Employee Stock Ownership Plan ("ESOP"); and MB BANCORP, INC. ("Lender"), a corporation organized and existing under the laws of Maryland.

Delanco Bancorp, Inc. – Form of Esop Loan Agreement (June 12th, 2013)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the [#] day of [month, year], by and between the DELANCO FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Delanco Federal Savings Bank Employee Stock Ownership Plan (ESOP); and DELANCO BANCORP, INC. (Lender), a corporation organized and existing under the laws of New Jersey.

Polonia Bancorp Inc – Form of Esop Loan Agreement (September 9th, 2011)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the [#] day of [month, year], by and between the POLONIA BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Polonia Bank Employee Stock Ownership Plan (ESOP); and POLONIA BANCORP, INC. (Lender), a corporation organized and existing under the laws of Maryland.

Asb Bancorp Inc. – Form of Esop Loan Agreement (May 26th, 2011)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of , 2011, by and between PENTEGRA TRUST COMPANY, AS THE TRUSTEE FOR THE ASHEVILLE SAVINGS BANK, S.S.B. EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Asheville Savings Bank, S.S.B. Employee Stock Ownership Plan (ESOP), and ASB BANCORP, INC. (Lender), a corporation organized and existing under the laws of North Carolina.

United Community Bancorp – Form of Esop Loan Agreement (March 15th, 2011)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of [date], by and between [TRUSTEE], AS THE TRUSTEE FOR THE UNITED COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the United Community Bank Employee Stock Ownership Plan (ESOP), and UNITED COMMUNITY BANCORP (Lender), a corporation organized and existing under the laws of Indiana.

Esop Loan Agreement No. 2 (February 9th, 2011)

This ESOP Loan Agreement No. 2 (the Second Agreement) dated as of July 21, 2003 is entered into by and between FARMER BROS. CO., a California corporation (Lender), and WELLS FARGO BANK, N.A., (the Trustee) as trustee for the FARMER BROS. CO. EMPLOYEE STOCK OWNERSHIP PLAN (the Borrower or the ESOP).

Amendment No. 1 to Esop Loan Agreement (February 9th, 2011)

This Amendment No. 1 to ESOP Loan Agreement (Amendment) is made and entered into by and between Farmer Bros. Co., a California corporation, as Lender and Wells Fargo Bank, N.A. as trustee for the Farmer Bros. Co. Employee Stock Ownership Plan as the Borrower.

Esop Loan Agreement (February 9th, 2011)

This Loan Agreement (the Agreement) dated March 28, 2000 is entered into by and between FARMER BROS. CO., a California corporation (Lender), and WELLS FARGO BANK, N.A., (the Trustee) as trustee for the FARMER BROS. CO. EMPLOYEE STOCK OWNERSHIP PLAN (the Borrower or the ESOP).

Franklin Financial Corporation – Form of Esop Loan Agreement (December 10th, 2010)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of , 2011, by and between , AS THE TRUSTEE FOR THE FRANKLIN FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Franklin Federal Savings Bank Employee Stock Ownership Plan (ESOP), and FRANKLIN FINANCIAL CORPORATION (Lender), a corporation organized and existing under the laws of the Commonwealth of Virginia.

Fraternity Community Bancorp Inc – Form of Esop Loan Agreement (October 29th, 2010)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of [date], by and between [TRUSTEE], AS THE TRUSTEE FOR THE FRATERNITY FEDERAL SAVINGS AND LOAN ASSOCIATION EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Fraternity Federal Savings and Loan Association Employee Stock Ownership Plan (ESOP), and FRATERNITY COMMUNITY BANCORP, INC. (Lender), a corporation organized and existing under the laws of Maryland.

Madison Bancorp Inc – Form of Esop Loan Agreement (June 11th, 2010)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of [date], by and between TRUST COMPANY, AS THE TRUSTEE FOR THE MADISON SQUARE FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Madison Square Federal Savings Bank Employee Stock Ownership Plan (ESOP), and MADISON BANCORP, INC. (Lender), a corporation organized and existing under the laws of Maryland.

Esop Loan Agreement (March 15th, 2010)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of , 2010, by and between , AS THE TRUSTEE FOR THE FAIRFIELD COUNTY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Fairfield County Bank Employee Stock Ownership Plan (ESOP), and Fairfield County Bank Corp. (Lender), a corporation organized and existing under the laws of the United States.

Athens Bancshares Corp. – Esop Loan Agreement (September 17th, 2009)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the [x] day of [month], 20010, by and between the ATHENS FEDERAL COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Athens Federal Community Bank Employee Stock Ownership Plan (ESOP), and [COMPANY] (Lender), a corporation organized and existing under the laws of [Tennessee].

Esop Loan Agreement No. 2 (February 10th, 2009)

This ESOP Loan Agreement No. 2 (the Second Agreement) dated as of July 21, 2003 is entered into by and between FARMER BROS. CO., a California corporation (Lender), and WELLS FARGO BANK, N.A., (the Trustee) as trustee for the FARMER BROS. CO. EMPLOYEE STOCK OWNERSHIP PLAN (the Borrower or the ESOP).

First Savings Financial Group – Form of Esop Loan Agreement (June 13th, 2008)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the day of , 2008, by and between the FIRST SAVINGS BANK, F.S.B. EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the First Savings Bank, F.S.B. Employee Stock Ownership Plan (ESOP), and FIRST SAVINGS FINANCIAL GROUP, INC. (Lender), a corporation organized and existing under the laws of Indiana.

Meridian Interstate Bancorp – Form of Esop Loan Agreement (September 28th, 2007)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of [DATE], by and between the EAST BOSTON SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the East Boston Savings Bank Employee Stock Ownership Plan (ESOP); and [MERIDIAN INTERSTATE FUNDING CORP.] (Lender), a corporation organized and existing under the laws of the Commonwealth of Massachusetts.

First Advantage Bancorp – Form of Esop Loan Agreement (July 10th, 2007)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the ___ day of ___, 2007, by and between the FIRST FEDERAL SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the First Federal Savings Bank Employee Stock Ownership Plan (ESOP), and FIRST ADVANTAGE BANCORP (Lender), a corporation organized and existing under the laws of Tennessee.

Bradford Bancorp Inc /MD – Form of Esop Loan Agreement (June 13th, 2007)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the ___ day of ________________, 2007, by and between the BRADFORD BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Bradford Bank Employee Stock Ownership Plan (ESOP), and BRADFORD BANCORP, INC. (Lender), a corporation organized and existing under the laws of Maryland.

Esop Loan Agreement (April 5th, 2007)

THIS ESOP LOAN AGREEMENT is dated as of April 1, 2007 by and between TRIBUNE COMPANY, a Delaware corporation (the Company), and GREATBANC TRUST COMPANY (GreatBanc), not in its individual or corporate capacity, but solely as trustee (the Trustee) of the Tribune Employee Stock Ownership Trust (the Trust) which implements and forms a part of the Tribune Employee Stock Ownership Plan (the Plan).

Esop Loan Agreement (April 5th, 2007)

THIS ESOP LOAN AGREEMENT is dated as of April 1, 2007 by and between TRIBUNE COMPANY, a Delaware corporation (the Company), and GREATBANC TRUST COMPANY (GreatBanc), not in its individual or corporate capacity, but solely as trustee (the Trustee) of the Tribune Employee Stock Ownership Trust (the Trust) which implements and forms a part of the Tribune Employee Stock Ownership Plan (the Plan).

Sugar Creek Financial Corp – Esop Loan Agreement (December 14th, 2006)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the day of , 200 , by and between the TEMPO BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Tempo Bank Employee Stock Ownership Plan (ESOP), and SUGAR CREEK FINANCIAL CORP. (Lender), a corporation organized and existing under the laws of the United States of America.

Delanco Bancorp, Inc – Esop Loan Agreement (December 14th, 2006)

The Lender shall maintain on the Register a record of, and shall record in the Promissory Note, the Principal Amount, any changes in the Principal Amount and the effective date of any changes in the Principal Amount.

Esop Loan Agreement (September 12th, 2006)

THIS ESOP LOAN AGREEMENT (Agreement), is made and entered into as of this 11th day of September, 2006, by and between PATTERSON COMPANIES, INC. EMPLOYEE STOCK OWNERSHIP TRUST, a qualified tax-exempt retirement plan trust (the Trust), and PATTERSON COMPANIES, INC. (the Company).

Mutual Federal Bank – Esop Loan Agreement (May 8th, 2006)

THIS ESOP LOAN AGREEMENT (the "Agreement"), dated as of April 4, 2006, is made and entered into by and between First Bankers Trust Services, Inc., an Illinois corporation, not in its individual or corporate capacity, but solely as a directed trustee (the "Trustee") of the Mutual Federal Bancorp, Inc. Employee Stock Ownership Trust (the "Trust"), which implements and forms a part of the Mutual Federal Bancorp, Inc. Employee Stock Ownership Plan (the "Plan"), and Mutual Federal Bancorp, Inc., a Federal corporation (the "Company").

Northeast Community Bancorp, Inc. – Form of Esop Loan Agreement (April 28th, 2006)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the day of , 2006, by and between the NORTHEAST COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the Northeast Community Bank Employee Stock Ownership Plan (ESOP); and NORTHEAST COMMUNITY BANCORP, INC. (Lender), a corporation organized and existing under the laws of the United States of America.

Telecomunicaciones De Puerto Rico Inc – Esop Loan Agreement (March 31st, 2006)

THIS ESOP LOAN AGREEMENT (the Loan Agreement), executed and delivered this 4th day of November 2005, by and between the TRUST OF THE EMPLOYEE STOCK OWNERSHIP PLAN OF TELECOMUNICACIONES DE PUERTO RICO, INC. (the Borrower), and Telecomunicaciones de Puerto Rico, Inc., a corporation organized and existing under the laws of Puerto Rico (the Company).

Northeast Community Bancorp, Inc. – Form of Esop Loan Agreement (March 17th, 2006)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the day of , 2006, by and between the NORTHEAST COMMUNITY BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST (Borrower), a trust forming part of the United Community Bank Employee Stock Ownership Plan (ESOP); and NORTHEAST COMMUNITY BANCORP, INC. (Lender), a corporation organized and existing under the laws of the United States of America.

2000 Modified Esop Loan Agreement (July 25th, 2001)

This 2000 MODIFIED ESOP LOAN AGREEMENT (the "Agreement") is made and entered into on December 14, 2000 in Apopka, Orange County, Florida between SAWTEK INC., a Florida corporation (the "Company") and HSBC BANK, as successor trustee (the "Trustee") of the SAWTEK INC. EMPLOYEE STOCK OWNERSHIP AND 401(k) PLAN AND TRUST (the "KSOP" and the "Trust") (formerly known as the Employee Stock Ownership Plan and Trust for Employees of Sawtek Inc. (the "ESOP")).