SUBORDINATED NOTE PURCHASE AGREEMENTSubordinated Note Purchase Agreement • October 19th, 2016 • Carolina Trust BancShares, Inc. • State commercial banks • New York
This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of October 13, 2016, and is made by and among Carolina Trust BancShares, Inc., a North Carolina corporation (“Company”), and the several purchasers of the Subordinated Notes identified on the signature pages hereto (each a “Purchaser” and collectively, the “Purchasers”).
Underwriting AgreementUnderwriting Agreement • April 19th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • New York
In this Underwriting Agreement (this “Agreement”), Carolina Trust BancShares, Inc., a North Carolina corporation (the “Company”), and its subsidiary Carolina Trust Bank, a North Carolina corporation (the “Bank”), confirm their respective agreements with the underwriters named in Schedule I hereto (each, an “Underwriter” and collectively, the “Underwriters”), for whom Sandler O’Neill & Partners, L.P. is acting as representative (the “Representative”) with respect to the proposed issuance and sale, subject to the terms and conditions stated herein, of an aggregate of 2,310,000 shares (the “Firm Shares”) and, at the election of the Underwriters, up to 346,500 additional shares (the “Optional Shares”) of the common stock, $2.50 par value per share (“Stock”), of the Company (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof collectively referred to herein as the “Shares”).
Underwriting AgreementUnderwriting Agreement • April 16th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • New York
In this Underwriting Agreement (this “Agreement”), Carolina Trust BancShares, Inc., a North Carolina corporation (the “Company”), and its subsidiary Carolina Trust Bank, a North Carolina corporation (the “Bank”), confirm their respective agreements with the underwriters named in Schedule I hereto (each, an “Underwriter” and collectively, the “Underwriters”), for whom Sandler O’Neill & Partners, L.P. is acting as representative (the “Representative”) with respect to the proposed issuance and sale, subject to the terms and conditions stated herein, of an aggregate of [•] shares (the “Firm Shares”) and, at the election of the Underwriters, up to [•] additional shares (the “Optional Shares”) of the common stock, $2.50 par value per share (“Stock”), of the Company (the Firm Shares and the Optional Shares that the Underwriters elect to purchase pursuant to Section 2 hereof collectively referred to herein as the “Shares”).
Contract2018 Supplemental Executive Retirement Plan Agreement • September 4th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • North Carolina
This 2018 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (this “Agreement”) is entered into as of this 31st day of August 2018, by and between Carolina Trust Bank (the “Bank”), a North Carolina banking corporation and wholly owned subsidiary of Carolina Trust Bancshares, Inc. (the “Company”), and Edwin E. Laws, Chief Financial Officer of the Bank (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina
THIS AGREEMENT is entered into as of June 6, 2006, by and between CAROLINA TRUST BANK, a North Carolina banking corporation (hereinafter referred to as the “Bank”) and RICHARD M. RAGER, an individual resident of North Carolina (hereinafter referred to as the “Officer”).
SECOND AMENDMENT TO THE FOR JERRY L. OCHELTREE January 22, 2019Executive Retirement Plan Agreement • May 14th, 2019 • Carolina Trust BancShares, Inc. • State commercial banks
WHEREAS, effective January 1, 2014, Carolina Trust Bank (the “Bank”), a North Carolina banking corporation entered into a Supplemental Executive Retirement Plan Agreement (the “Agreement”) with Jerry L. Ocheltree (the “Executive”); and
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • June 6th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • North Carolina
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is entered into effective as of May 31, 2018 (the “Effective Date”), by and between CAROLINA TRUST BANK, a North Carolina banking corporation (the “Bank”) and RICHARD M. RAGER, an individual resident of North Carolina (the “Officer”). The Bank and Officer are sometimes herein referred to each as a “Party” and together as the “Parties.”
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By And Between CAROLINA FINANCIAL CORPORATION and CAROLINA TRUST BANCSHARES, INC. Dated as of July 15, 2019Agreement and Plan of Merger and Reorganization • July 18th, 2019 • Carolina Trust BancShares, Inc. • State commercial banks • South Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of July 15, 2019, is by and between Carolina Financial Corporation, a Delaware corporation (“Carolina Financial”), and Carolina Trust BancShares, Inc., a North Carolina corporation (“Carolina Trust”). Except as otherwise set forth herein, capitalized and certain other terms used herein shall have the meanings set forth in Section 10.1 of this Agreement.
AGREEMENT AND PLAN OF MERGER AND REORGANIZATIONAgreement and Plan of Merger and Reorganization • June 20th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”), dated as of June 14, 2018, is by and between Carolina Trust BancShares, Inc., a North Carolina corporation (“Buyer”), and Clover Community Bankshares, Inc., a South Carolina corporation (“Clover”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.
This Amendment Number Two is made as of August 1, 2014, to the Employment Agreement dated January 2, 2014 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Jerry L. Ocheltree (“Executive”). All capitalized terms shall have the same meaning as in the Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of May 25, 2016 (the “Effective Date”), by and between CAROLINA TRUST BANK, a North Carolina banking corporation (the “Bank”) and EDWIN E. LAWS, an individual resident of North Carolina (the “Officer”). The Bank and Officer are sometimes herein referred to each as a “Party” and together as the “Parties.”
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina
This EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), effective as of January 2, 2014 (the “Effective Date”), by and between Carolina Trust Bank, a North Carolina banking association (the “Bank”) with its principal location in Lincolnton, North Carolina, and Jerry L. Ocheltree (the “Executive”), collectively (the “Parties”).
AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.
This Amendment Number Two is made as of December 1, 2008, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank and Richard Rager (“Officer”). This Amendment is being made solely to conform the provisions of the Agreement to the requirements of Section 409A and 280G(e) of the Internal Revenue Code of 1986, as amended (“Code”).
FIRST AMENDMENT TO THE FOR JERRY L. OCHELTREE August 31, 2018Executive Retirement Plan Agreement • September 4th, 2018 • Carolina Trust BancShares, Inc. • State commercial banks
WHEREAS, effective January 1, 2014, Carolina Trust Bank (the “Bank”), a North Carolina banking corporation entered into a Supplemental Executive Retirement Plan Agreement (the “Agreement”) with Jerry L. Ocheltree (the “Executive”); and
AMENDMENT NUMBER ONE TO EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.
This Amendment Number One is made as of August 1, 2014, to the Employment Agreement dated January 2, 2014 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Jerry L. Ocheltree (“Executive”). All capitalized terms shall have the same meaning as in the Agreement.
AMENDMENT NUMBER THREE TO EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.
This Amendment Number Three is made as of March 1, 2014, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Richard Rager (“Officer”). All capitalized terms shall have the same meaning as in the Agreement.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENTSupplemental Executive Retirement Plan Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina
THIS AGREEMENT, made and entered into this 1st day of January, 2014, by and between Carolina Trust Bank, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and Jerry L. Ocheltree, an Executive of the Bank (hereinafter referred to as the “Executive”).
AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGEAgreement and Plan of Reorganization and Share Exchange • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina
THIS AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE (this “Agreement”), is made and entered into as of March 30, 2016, by and between CAROLINA TRUST BANK, a banking corporation incorporated under the laws of the State of North Carolina and having its principal place of business in Lincolnton, North Carolina (the “Bank”), and CAROLINA TRUST BANCSHARES, INC., a North Carolina business corporation (the “Holding Company”).
AMENDMENT NUMBER ONE TO EMPLOYMENT AGREEMENTEmployment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.
This Amendment Number One is made as of November 1, 2007, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Richard Rager. This Amendment is being made solely to conform the provisions of the Agreement with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.
