t - fdic: federal deposit insurance corporation settling defendants fu11hcr agree to wai\·c any...

19
SETTI.EMENT Al\1> RELEASE A(;R££MEi\T This Settkment and ('"AgrccnK·nt .. ) is madt:! by. bt:!l\\t:!CIL and among the following undersigned parties: The PlnimiftTedernl Deposit Insurance Corporation as fnr Williamsburg First 1\atiomtl Bank ('"l·DIC-R .. l. and Alan K. Chandler. \i1arion 11. Lcc. .lr. . .lim M. Chi:!IT)'. Jr.. Ronald K. Hammond. Jamcs R . .\ikDonald. D. Jonathan Odom. and llolmcs 1::. ( :vtarty) \larLin. (colb:ti\'ely the ··settling. .. ) and William N. Kdlahan . .Jr. ( .. Kellahan .. ) (individual!). tht' FDIC-R. tht: St.>ttling fkfendants and Kdlahan may he re-ferred to herein as .. Party .. and collectivdy as the "Parties··). R£CITALS WIILRI::\S: Prior to July .::!3 . .2010. Williamsburg First :--Jational Bank. Kingstrl'c. SPuth Carolina ( .. Hank") was a institution organized and c:--.:isting under the ht\.\S ofthc Lnitcd States: 011July 23 . .2010. the Comptroller ofthc Currency dosed the Bank and pursuant to LS.C. 18.2l(c). the h.xicral Deposit Insurance Cmvorarion \\<lS appointed In <H.:cordmH.:e with 1 L .S.C. I 821( d). the FDIC- R succectkJ to all rights. titles. pO\\t:!rs ami privikg.cs of the Hnnk. including those \\'ith respect to its assds. !\mong. thl.! assets to "·hich the rDIC-R succeeded were nil of the B:::mk·s claims. demands. and causes of aguinst its orticcrs. und arising ti·om the pcrfonnnncc. nonperformance. and manner 0 r PL'rformancc () r their respect i\ funct inns. duties and acts as directors. oflicers. and employees nf the Hank: On July 22. 2013. the FDlC-R filed a complaint for money against the Settling Defendants. ...:ach of whom at various times as a din:ctor arH.fior officer of the Bank. Those claims for damages arc now pending in the L nircd States District Court for the District of South Carnlina in Ff)!C , .. ('handler. el a/ .. Cast' 1\'umher 4: I 3-cv-201 0-MGL ("0&0 Action .. ). lhc Seuling Ddi.:mlants cxpt\.'ssly deny liability in the D&O Action.

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SETTI.EMENT Al\1> RELEASE A(;R££MEi\T

This Settkment and Rekas~ Agnx~mcnt ('"AgrccnK·nt .. ) is madt:! by. bt:!l\\t:!CIL and among

the following undersigned parties:

The PlnimiftTedernl Deposit Insurance Corporation as Rcccin~r fnr Williamsburg First

1\atiomtl Bank ('"l·DIC-R .. l. and Alan K. Chandler. \i1arion 11. Lcc . .lr. . .lim M. Chi:!IT)'. Jr..

Ronald K. Hammond. Jamcs R . .\ikDonald. D. Jonathan Odom. and llolmcs 1::. ( :vtarty) \larLin.

(colb:ti\'ely the ··settling. Det~ndants .. ) and William N. Kdlahan . .Jr. ( .. Kellahan .. ) (individual!).

tht' FDIC-R. tht: St.>ttling fkfendants and Kdlahan may he re-ferred to herein as .. Party .. and

collectivdy as the "Parties··).

R£CITALS

WIILRI::\S:

Prior to July .::!3 . .2010. Williamsburg First :--Jational Bank. Kingstrl'c. SPuth Carolina

( .. Hank") was a d~.:p1.1sitory institution organized and c:--.:isting under the ht\.\S ofthc Lnitcd States:

011July 23 . .2010. the Comptroller ofthc Currency dosed the Bank and pursuant to 1~

LS.C. ~ 18.2l(c). the h.xicral Deposit Insurance Cmvorarion \\<lS appointed R~ceiver. In

<H.:cordmH.:e with 1 ~ L .S.C. ~ I 821( d). the FDIC-R succectkJ to all rights. titles. pO\\t:!rs ami

privikg.cs of the Hnnk. including those \\'ith respect to its assds.

!\mong. thl.! assets to "·hich the rDIC-R succeeded were nil of the B:::mk·s claims.

demands. and causes of <:1cti~11l aguinst its J(mn~r Jir~uors. orticcrs. und employt!e~ arising ti·om

the pcrfonnnncc. nonperformance. and manner 0 r PL'rformancc () r their respect i \ ~ funct inns.

duties and acts as directors. oflicers. and employees nf the Hank:

On July 22. 2013. the FDlC-R filed a complaint for money damag~s against the Settling

Defendants . ...:ach of whom sern~d at various times as a din:ctor arH.fior officer of the Bank.

Those claims for damages arc now pending in the L nircd States District Court for the District of

South Carnlina in Ff)!C , .. ('handler. el a/ .. Cast' 1\'umher 4: I 3-cv-201 0-MGL ("0&0 Action .. ).

lhc Seuling Ddi.:mlants cxpt\.'ssly deny liability in the D&O Action.

Th~ undersigned Parties dt:t:m it in their hest interests 10 elllcr into this i\grccmelll to

"'oid the unc~rtainty and ~xpcns~ or 1\.lrlh!..!r litigation.

1\0W. THEREFOR!-:. in consideration ofthe promises. undcmtkings. payments. and

releases statc::d herein. the sufticicncy of\\ h idt consid~rarinn is ht:rcby acknowledged. the

untkrsigncd Parties agn.'o.:. each\\ ith the oth~.·r. as follows:

SECTIO~ 1: Pa·yment to FI>IC~I~

i\. As an essential em enant and condition to this Agreement. '' ithin thirty ( 30) days

atler thi~ agro.:Clll\..'111 is rully e:\I.X:uted b) ull or th~ Parti~s ( th~ ··Payment Due Date"'). the Settling

lkfcndnnts. jointly and sc,crnlly. agn.:c to pn:- the FOIC-R th~ sum ,lr one million thnx: hundn.:d

and thirty thousand dollars ( S 1.330.000.00) 1 "the Settlement Payment"') by wire transfer into an

acL·ount <.ksignatt!d hy the FDIC-R hy notio.:e to the attornL'YS for the Settling Ikfcndams. or

CL'rtili~.:d or cashier·s chc<.J: drm\11 up(lll a <.kfhhitor:- institution acL·~ptabk to FDIC-R.

H. In the cn:·nt that the Scttkmo.:nt Pa~ment is not dclivcrcd to the rDIC-R. (,)r its

couusd l h::- rhc Payment Due Dnte. interest shall nee rue on all unpaid amounts at the rate of 5%

pL'f unnum from the:: Payment Due Date. until the date or actual payment.

C. If the.: FDIC-R docs not receive the Settlement Payment in full on or before the

Payment Due Date. then the 1-D!C-R.. in its sole discretion. shall han· thL' right at any time prior

to receipt of the Settlement Payment in futt (including all accrued interest) tn:

l. 1-:xtcnd tilL' period of' time for the Scttkmcnt Paymc..:nl. including interest

accruing. tl·om the Payment Due Dfltc. through the date or actual payment at a rate calculated in

accordance \\·ith 26 L.S.C. ~ 6621(a)(J ): or

') Enl(lr<.:c this ;\gr~<::mt·nt. in \\hich cv~nl the Settling Dekndants agr~~: to

jurisdiction in United States District Court in South Carolina and to pay all or the 1-lHC-R"s

reasnnahk' attorney· s lh!s and costs c:--;pcnded in enf(m.:ing the terms of this Agreement: or

3. ·r t:rn1inate lh~ i\gr~~nlcnL n1ovc to Yacate any disn1issal order. to \Yhi'.:h

the Settling I.kfcndants consent. and institute or re-institute an action on th~.: FDIC-R"s claims.

The Settling Defendants fu11hcr agree to wai\·c any defense based on any statute of limitations

that would bar any of the rOIC-R's claims and ''ai\e all objections. defenses. claim::- or

countcn:laims. and con:nant and agn:~:: not to ass~::rt any ohjc:ctions. defenses. claims or

eountcrdaims that did not exist or ,., ere othen\ ise unavailable as or the date this Agreement was

fully ~xl.!cuted: and/or

-J.. Seek any other rei ief a\·ai !able to it in In\\ or equity.

An:- c:-;.tension of time umlt:r S~ction I. C. I 1\Jr dd i\'t:ry or thc: St:ttlemc:nt Paymc:nt or

~ICCC'ptanc~..· of a portion oftht: Selllt:ment Payml'llt shall not pr~judicc the FDIC-R's rights to tah·

nn} of the actions set l'orth in Section I.C.~ through J.CA at any time prior tn n:u:ipt of

Sdtkrw:nt Payment (including all aecruc:d interest) in l'ull.

SF:CTIO~ II: Stipulation and Dismissal

Within ten business days after the latter of (I) full c:-.:ccution of this Agreement by all of

the Pani~..~s. and(?.) receipt of the Settkmem Pnyment. plus any accrued inter~sl. the f-DIC-R

shalllilc a stipulation of dismissal with pr.:judicc:.~:::--:.ccukd by thc: attorn~ys l~ll· all Partit:s

hct\.'to. in the D&O Action. The stipulation of dismissal shall pi\)\· ide that it does not apply to

pr~clude th~ rights of /urich. Fiddity and Deposit Company of Maryland. or any other

undt:nHitt:r llf any financial institution hllnd. lidelity bond. or banker's blanket bond on whid1

thi: 1:3ank is an insured. to bring an~· claims by '"'ay or subrogation to the daims ofth<.: FDIC-R

SECTION III: Heleascs

A. The FD1C-R· s Releas~s.

Upun rcl·~ipt of the: Scttlc:m~::nt Payment in full and e:-.:cept as pnn-ided in Section III.C..

the FDIC-R. for itsd rand its SLH.:cessors and assigns. hcn:hy rekases and discharges thl' S<.:ttling

Defcndams <tnd Kdlahan and their rc.:specti\·l' heirs. exl.'cutnrs. trustees. administrators.

rc:presentatiws. successors. and assigns. frnm any ami all claims. demands. obligations.

damages. actions. and causL'!:\ of m:tion. direct or indirect. in Itt\\ or in cquit). belonging to tlw

FDJC-R. that arise from or rl'latc to. th~.o' p~.-·rformancc. nonperformance. or manner of

perf(mmmce of the Settling Dcf.:ndants · and Kcllahan· s respecti ''e functions. duties and actions

as orticL·rs and/or directors of the Bank. induding_ \\it bout limitation the causes of action alkgcd

·'

in th~ D&O Actitm.

B. Th~: Settling Ikkndaqts· Rckase.

Ellcdin.· simuhancously \\'ith the rcka~c granted in Section IlL\. ahovt!. tht! Sdtling

lkfendants and Kcllahan. on bdmlfofthc-msdves individually. and their respc.:cti\·c.: hl.!irs.

e:-;ccuttlrs. trustees. administrators. agents. representati\es. attorneys. successors. and assigns.

hl·rchy rdcasc and discharge:

I. The J·DIC'-R. and its C>mplo:-ees. nffkers. dire~.:tors. rcprcscntatin:s. attorneys.

succ~:ssors and assigns. from any and nil claims. demands. obligations. damag~s.

net ions. and causes of action. direct tlr indirect. in la\v or in equity. that arise l"rom or

relate to. the Bank or to th..: pcrformmK~. nonpt!rl(lrl1l<li1Ct!. or manner or pt!rforrmmcc

ol'th~:: Sellling Di.:!kndant:·: and Kcllahan· s rcspccti\·~ functions. duti~s and actions as

oiTicers and/or directors of the Bank. including \\it hout 1 imitation the causes of action

alkgcd in the D&O Action.

bu.:h other s~ul i11g Defendant und Kcllahan thm1 an: and ~II claims. demands.

obligations. damages. actions. and caus~.:s of action. direct or indirect. in lav,; or in

equity. thm arise lhm1 or relate totht: perl\mmmcc. ntmpcrt(mnam:c. or manner of

performance oft lh:i r rcsp(·t.:t i vc functions. duties and act ions as orticer~ :mdlor

directors of the Bank. induding. without limitation. thl' <..:auses or action alkgcd in th~

D&O Action.

C. E:-.;<.:eptions from 8cl~ascs by FDIC-~.

I. \fot\\Ithstanding any other provision of this Agreement. the FDIC-R docs

not rdcasl~. nnd express\) pn::scrvcs fully and to thl' same extent as if this Agn:L·mcnt had not

bCl'll cxccut(.'d. any claims or causes of action:

a. :\gain:;t any fidelity insurer l'or the claim under financial Institution

(b)(4) l·~orldpt)lic·ytltt·tlthcr'-1-·····_· ___ __.!issued by Fidelity & lkposit Company of\-1arylnnd and its

(b)(4) ....................... .,,fnliates·;C:IaitltNo:'-1-······-·· ___ __.l \\ hich \\as li kd by the Bm1k on or about J lUll' 1 0. ~0 11.

b. Against tht: St:ttling Dd~ndants or any other person or entity li.lr

linhi lity. if any. incurred as the mal..:er. endorser or gun ran tor of any promissory note or

imkbtcdncss payahk or owed hy them to FDIC-R. the Hunk. other financial institutions. or any

other p~rson or ~ntity. in-:luding without limitation any sm·h claims acquired by FDIC-R as

sun:essor in intncst Ill the Bank or any person or entity other than Rank: and

L. ;\gainst any person or emity not e:-:pressly releas~d h~ the FDIC-R

in this i\gre~ment.

:'-Jot"ithstanding. nn; other pro' ision of this Agreement. nothing in this

Agn.'Cnl'.:'llt shall rd:asc llr pt\.'judil·e the rights of Zurich. Fiddit) and Deposit Company or

\;1arylanJ. or any other undcrv.ritcr of any tinancial institution homL tidcliry bond. or hank~r·s

hlnnk('t bond on which the Bank is an insur~cl. to bring any claims by way of subrogation to the

claims nfrhc FDIC-R. against n) any directors. ofliccrs. or ~mployccs of the Bank. including hut

nut limited to the Sdtling lkkndants and Kdlahan. in their capacity as directors. ofli~o:crs. or

~mployt:~s of th~ B:mk nr in ~my otht:r ~.:apacity or h) any other indi\'idual or entit~. li.)r dishont:st

nr fhllldulcnt conduct that directly cmrsed any los;;;~s to the Rank. 'Jothing herein shall be

<:tlnstru.::d to admit the existence of. or to establish. any claim or cause of action on the pa11 of

/.urich. Fidel iry and I )(.·posit Company of Maryland. or an) other undcn,ri ter or any financial

institution bond. lidel ity bond. or bankt:r's blanket bond on \\ hich the Bank is an insured hy \Yay

of subrogation to claims of the fDIC. that would not exist had this Agn:ement not h~~:.·n e:w<:utcd.

3. i\ntwithstunding any other pnwision of this Agreement. nothing in this

5

Agreemem shall b~..' construed or intl'rprctcd us limiting. \\Ui\ ing. n:kasing. or compromising the

jurisdktion and authority ofthc Federal Deposit Insurance Corporation in the exercise of its

supi!nisory or regulatory authority or to diminish its ability to institute administratin~

l'n1(m.:emcnt nr other proceedings sccki ng removal. prohibition. or any other n.:lief it is

authorized to seck pursuant to its super\'is~>ry or regulator: mtthorit; against any person.

4. t\otwithstanding any Ptht:r prm ision of this i\grccmcnt. this Agreement

docs not purport to \\aivc. or intend to waiv~?. an: claims thm could be brought by the l !nited

Statl:'s through the Dcpatimcnt nf .lust icc. the l :nitcd Stak'S Attorney· s Onicc for any federal

_judicial district. or any other department or agency ofthi.' Lnited Stall'S as ddincd hy I~ L.S.C. ~

6. In addition. the I·'DIC-R sp~..·dlically res~..·n~s the right to seek t:ourt-nrdi!red restillltion

pursuant to the rde\·ant provisinns of the 1\landamry Victims R6titution i\ct. I R L.S.C. §s ~:;:?.:?.

and ]66:1 et. seq .. if appropriate.

SECTlON IV: Waiver of Dividl·mls and Proceeds from Litig~1tion

To the extent. if any. thm Scrtling Dcfcmi<mts and Kdlnhan arc or \\en: sharcholckrs or the Bank or its holding company and hy ,·irtue therl:'of nr~ or may he l!ntitkd to a dividend.

payment. or ot h~r distribution upon n:solution u r th~ n:cei\ershi p ot· th~ Bank or prm.:~eds in any

I itigatinn that has been or could be brought against th~ federal Deposit Insurance ( ·\lrporation in

any capncit~ or against the United States based on or arising out oLin ''hok or in part. the

do:-;ing. of' the Bank. or any allcgt:"d acts nr omissions by the federnl Depositlnsurnnce

Corporation in any capacity. th~..' L nited Stall's gon:rnmcnt. 11r <my ug~nt:y or department of thl.'

l :nited Stat('s go,·~rnmcnt in connection \-\ ith the Bank. its eon senatorship. or rccci' crship.

Sl'ttling Ddi::ndams and Kcllahan lll'rehy knn\\'ingly assign to the FDIC-R any and all rights.

titks. and inten:st in and to any and all su(.:h dividends. payrn~nts. or other distributions. or

proceeds.

SECTION V: Representations and Acknowledgements

:'\. Authori~e,!l_,Sig1~1tnric.::;. All of the und~rsigned persons represent and warrant that

the) an.· Panics hereto or me <tuthoriLcd to sign this Agreement on behalf or the respective Party.

and that they have the full power nnd authority to hind such Party to each and cn~ry provision of

this Agreement. This Agreement shall he binding upon and inure: to the henelit of th~

und~rsigned Part it:s and thci r r~spect i vc h~ i r:-;. t::\cc utors. trustct:s. administrators. rcpresentati vcs.

successors and assigns.

H. Advice of Counsel. Fach Pa11y hereby acknnwkclgcs that he. she. nr it has

consulted \\·ith and obtained th~ advice of counsel pril)l' to executing this i\grecmc:nt. and that

this Agn.:eml'nt has bt·cn cxpl<lined to that P<trt) b) his or ht'r CL)lmsd.

C. Financial Disclosure Reprcscntatioq . .t:a~:h Settling Dd\:ndant hus submitted

nnancial information to the FDJ( '-!{ including tax returns and personal tinam.:ial statements and

herein artirms that his/her financial statement is tru~ and accurate as nf thl..' date that it \vas

submitt~d and that it has not changed materially ::;i nee that date. Lach Settling lJd\:ndant

expressly ackncl\\'kdgcs that. in determining to settle the claims released herein. tht: FDIC-R has

reasonahly and justifiably relied upon the accuracy of the tinancial information suhmitt~d by the

S~ttling Ockndants. The fDIC-R has t1ll obligation to iml~pcnd~ntly veril'y thL' compkh:nl..'SS or

au:urac;; ol'that linancial inJi.mnatinn. lfthc 1:-DlC-R establishes ,·ia a final adjudication in an

appropriate .iudil:ial forum that a Settling Defendant t~tilcd to disclose any matcri;tl interest. legal.

equitable. or hcndicial. in any asset. that Settling Defendant agrees to cooperate full;. with the

IDIC-R w provide updated financial inl{mnation and to pay to the FDIC-R the lesser of ( l 1 the

'nlue ofthc Settling LkJ'<.:ndan(s undisdoscd material interest in such assct(sJ: nr (2) the amount

of unpaid damages alleged against that Settling Defendant.

SECTION VI: Re<tsonahle Cooperation

r\. The Parties agree to l:ooperate in good faith to efl'c-ctuate all the terms and

conditions of this !\gret:ment. induding doing. or 4:.:~1using tht:ir agt::nts and attorneys to do.

7

\vhatc' cr is r~asonably ncl:cssary to c:ffe<.:tuate the signing. delivery. ~:\ecution. liling. n.:cording.

and entry. of any documents n~:ccssary to conclude tk D&O Action, and to othcrv.isc pcrt(mn

tht> tt:nns or this Agreement.

B. The Sdtling Det\!mlants agree to cooperate- rully ,,·ith the FDJC-R in connection

\\·ith an}· action n:quircd undcr this Agt\.'cm~.:nt. An:-- such cooperation that invnl\\~s any om of

p1Kkct costs is subject to reasonable reimbursement by the FDIC pursuant to its internal

guidelines and policy t()r such reimbursement. Such cooperation shall L:onsist or:

I. Prodw:ing all doc..:umt'nts requested by the FOIC-R. without the necessity

or subpoena. as dctcnnincd by the.: 1-'DIC-R. in its soh.· discn.·tion. to he r~le\ant tn the Bank:

) :\pp~aring as requested by the FDIC-R at reasonable times and pi<Kl'S for

intL'I'\it:\\s t\.'garding h1c..:t.s. as determined hy th~ FOIC-R in its sole discretion. to be re-levant to

till' Hank:

3. Tcstit\ing as requeskd by the FJ)IC-R. \\ithoutthe n~t:~ssity ora

suhp\}~ll~L in any matter releqmt to th~ Hank. as determined by the 1-DlC-R:

4. Signing truthful aftidt.n·its. regarding nny mattcr. as ddermincd hy rhc

FDIC-R in its sole discn:tion. to be rckvant to the 13ank.

SECTIO~ VII: Other :Vlatters

A. .\io Admission of LjahilitY. Th~ undersigned Parties each acknO\\ k·dge and ngre~

that the mutters set fnrth in this Agreement l:lmstituh.' the sdtkmc:nl and compromise lll' Jisputt!d

daims and defenses. that this Agreement is not an admission or ~,.·,·idcm:c or liability or infirmity

by any of them regarding any t:laim or dekns~::. that the Sculing Oet'endants maintain their

c;o.;prcss denial of the l'UIC-R"s alkgations. and that the: Ag.r~t:ment shall not he offered nr

received in ~vidence by or against nny Party c:-;ccpt to l·nl(m:c its terms.

B. Lxct:ution in Counterparts. This Agreement may he executed in counterparts by

one.: or more of the Parties and all sut:h counlt!rparts \\hen so ext~cutcd shall together constitute'

the final Agreement. as if one document had been signed by all Parties: and t.:ach such

(b )(6)HO

(b)(6)

(b)(6) ............ .

counterpart. upon execution and delivery, shall he ckem~d a compktl:! original. binding th~.:

Parties subscrib~d therdo upon the execution by all Parties to this Agreement.

C. Choice of I.U\\. This !\grt:cment shall be interpreted. construed and enforced

according to applicable federal law. or in its abscnc~. the laws of the Stak of South Carolina.

D. \Joticc~. i\ny notices required hereumkr shall be sent by registered mail. first

dass. return r~ccipt requc::sted. and by email. to the follm\·ing:

If to th~..· FDIC-R: Howard B. Klein Counsd for FDIC J501 Fairt~1~ Dri,·c. VS -B-7016 J\rlin~rnn VA -,~"26

H HI· I

If tn Settling l.kfcndams:

Robert R. Long Alston & Hird I.I.P 120 I West Peachtree Street .:\Llanla. (jA 30309

................................ J'-----------1

Elbert K. r·Kim·· )Turbc\·ilk \lenles. Turbeville & Reddeck P. 0. Uox 6099 J.akc City. S.C. 2'>560

I············

I·:. Fntire i\1!rccmcnt and Amendments. This Agreement eonst itutcs tiK· entin.:

agreement and undt'Tstanding hetween and among the undcrsign~d Parties concerning the matters

set forth herein and supersedes any prior agreements or understandings. This 1\gn:cmcnt may

not be amended or modified. norma: any or its provisions be wain.:d. except in writing signed

by thL' Parties bound thereby. nr by their respecri\·e authori;ed attorney(s). or other

represent at i\ c( s ).

r. Titles and Captions. All section titks and ~.:aplions wntained in this Agreement

C)

an: for com cniencc only and shall not affect the interpret at ion or thi:s !\gn .. ~~nK·nt.

(I. ~o ConfidentialitY. The undcrsigJK'd Panics ncknO\vkdgc that this Agreement

shall nO! be <.:nnlidi:!ntial and will he disclosed pursuant to the Federal Deposit Insurance

C mpmat ion· s appl icabk po lic il's. proced urt!s. and other legal rcqu i rcmcnts.

IN WITl\FSS \\'HERFOF. the Partks hereto huvc caus~'d this Agreement to he c:xccutcd

b; ~.-'uch of them or th~ir duly authorized n:prcs<.!ntativcs on tht.' dates ht>reinnfter subscribed.

10

(b)(6)_ - -- - '/ 0 -­Date: _ f, lJ f If-

l)atc: __ _

Dat~: __ _

Date:

Dat~ :

Dat~:

Datl': __ _

Dnt~: ---

ITDLR/\1. DrPOSIT INSl iRA:\CF CORPORATIOI\ AS RI-:CI·:JVFR FOR WILLIA!v1SBCR(i I 'IRST 1\;i\'IICf\f/\1. H/\l\K

..................................................................... ! ................................................ .. BY:

~----------------~

TITLL: Counsd

PRII\T ~/\ME: Howard B. Kk in

i\LJ\N K. Cl IX\DI.FR

tvL\RIOi'\ 11. I TE. .JR.

Jl\il M. Cl lERRY . .JR.

RO\IAl..D K. J l :\\11\i10:\D

. -JA\iiES R. \i1CD01\ALD

JIOL'vlLS 1·:. (\,1!\RlY) MART I~

D . .IONATI !AI\ ODCHvl

- ------WII.l .l /\ M ~- KELLA!IA\.J. JR.

II

Date: - --

Date: _ _ _ _

O i.ttC: - - --

Date: - - --

Date : _ _ _ _

Date:

Date: _ _ _ _

Date : - - --

FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR WILLIAMSBURG FIRST NATIONAL BANK

BY: ------- ----

TITLE: Counsel

PRfNT NAME: Howard 11. Klein

MARIO~ B. LEE, JR.

JIM M. CHERRY, JR.

RONALD K. !lAMMOND

JAM ES R. MCDONALD

HOLMES E. (MARTY) MARTfN

D. JONATHAN ODOM

WILLIAM N. KELLAHAN, JR.

I I

Date: ---

Date:

(b )(6)

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FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER fOR WILLIAMSBURG FIRST NATIONAL BANK

BY: ---------------

TITLE: Counsel

PRINT NAME: Howard B. Klein

ALAN K. CHANDLER

MARION B. LEE, JR. v

JIM M. CHERRY, JR.

RONALD K. HAMMOND

JAMES R. MCDONALD

HOLMES E. (MARTY) MARTIN

D. JONATHAN ODOM

WILLIAM N. KELLAHAN, JR.

II

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FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR WILLIAMSBURG FIRST NATIONAL BANK

BY: ----------

TITLE: Counsel

PRINT NAME: Howard B. Klein

ALAN K. CHANDLER

LEE JR.

RONALD K. HAMMOND

JAMES R. MCDONALD

HOLMES E. (MARTY) MARTIN

D. JONATHAN ODOM

WILLIAM N. KELLAHAN, JR.

I I

Date:

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Date: ----

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FEDERAL DEPOSIT JNSURAI\CE CORPORATIOi': AS RECEIVER FOR WJLLI/\MSI3URG FIRST NA TrONAL BANK

BY: ---------

TfTLE: Counsel

ALAI\ K. CHANDLER

MARION B. LEE, JR.

JTM M. CHERRY) JR.

JAMES R. MCDO:t\ALD

HOLMES E. (MARTY) MARTlN

-------·---·······-········-··----·-----·---D. JONATHAN ODOM

WILLIAM N. KELLAHAN, JR.

I I

Date: ---

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fEDLRAI. DrPOSIT Tl'\SlJR/\NCE CORPOR/\TJON /\S REC.I::JVI::J~ FOR WILLIAMSBURG FIRST l'\ATIO\IAL 11AI\K

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Date: __ _

Date: __ _

Date: __ _

FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR WILLIAMSBURG FIRSTI\ATIONAL BANK

BY: ---------------

TITLE: Counsel

PRINT ~AME: Howard B. Klein

ALAN K. CHANDLER

MARION B. LEE, JR.

JIM~ . CHERRY, JR.

RONALD K. HAMMOND

JAMES R. MCDONt)LD ............................................................................................................................ I ............................................ _ ......... _ ........ _ ......... _ ........ ..., ......... _ ........ _ ......... _ ........ _ ......... _ ....... ______ J_

Date:____ _ ~otllfES E.7ARTY) MARTTI\

Date: __ _ D. JONATHAN ODOM

Date: ___ _ WILLIAM N. KELLAHAN, JR.

II

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Date: ------

Date: ___ _

FEDERAL DEPOSIT INSURANCE CORPORA TIO~ AS RECEIVER FOR WILLIAMSBURG FIRST NATIONAL BANK

BY: ----------------TITLE: . Counsel

PRINT NAML::: Howard B. Klein

ALAN K. CHANDLER

MARIO~ B. LEE, JR.

JIM M. CHERRY, JR.

----------------·-.............. .. RONALD K. HAMMOND

--------- ... - ...................... _, __ JAMES R. MCDONALD

D . .TO, .ynrA~ ODOM ; I

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---------· .. ·-·--.. --.......... _ WILLIAM N. KELLAHAN, JR.

11

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Date:~J?fl~

FEDERAL DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR WILLIAMSBURG FIRST NATIONAL BANK

BY:

TITLE: Counsel

PRINT NAME: Howard B. Klein

ALAN K. CHANDLER

MARION B. LEE, JR.

JIM M. CHERRY, JR.

RONALD K. HAMMOND

JAMES R. MCDONALD

HOLMES E. (MARTY) MARTIN

D. JONATHAN ODOM

II