Form Of Esop Loan Agreement Sample Contracts

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Ottawa Bancorp Inc – Form of Esop Loan Agreement (June 6th, 2016)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of , 2016, by and between COMMUNITY BANK OF PLEASANT HILL D/B/A FIRST TRUST OF MID AMERICA, AS THE TRUSTEE FOR THE OTTAWA SAVINGS BANK EMPLOYEE STOCK OWNERSHIP PLAN, AS AMENDED AND RESTATED, TRUST (Borrower), a trust forming part of the Ottawa Savings Bank Employee Stock Ownership Plan, as amended and restated (ESOP), and OTTAWA BANCORP, INC. (Lender), a corporation organized and existing under the laws of the State of Maryland.

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:

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.

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.

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.

North Penn Bancorp Inc – FORM OF ESOP LOAN AGREEMENT (Consolidated Loan) (June 8th, 2007)

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

Polonia Bancorp [Pa] – Form of Esop Loan Agreement (July 7th, 2006)

THIS LOAN AGREEMENT (Loan Agreement) is made and entered into as of the day of , 2006, 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 (Lender), a corporation organized and existing under the laws of the United States of America.

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.

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.