SECOND AMENDMENT TO PURCHASE
AND ASSUMPTION AGREEMENT
THIS AMENDMENT TO PURCHASE AND
ASSUMPTION AGREEMENT, made and entered into as of September 18, 2009 by
and among the FEDERAL DEPOSIT
INSURANCE CORPORATION, RECEIVER OF IRWIN UNION BANK AND TRUST COMPANY, COLUMBUS,
INDIANA (the “Receiver”), FIRST FINANCIAL BANK, NATIONAL
ASSOCIATION, organized under the laws of the United States of America and
having its principal place of business in HAMILTON, OHIO (the “Assuming
Bank”), and the FEDERAL DEPOSIT
INSURANCE CORPORATION, organized under the laws of the United States of
America and having its principal office in Washington, D.C., acting in its
corporate capacity (the
“Corporation”).
WITNESSETH:
WHEREAS, on September 18,
2009, the State of Indiana, Indiana Department of Financial Institutions closed
Irwin Bank and Trust Company, Columbus, Indiana (the “Failed Bank”) pursuant to
applicable law and appointed the Receiver;
WHEREAS, on September 18,
2009, the parties hereto entered into a Purchase and Assumption Agreement (the
“Agreement”) whereby the Assuming Bank purchased certain assets and assumed
certain deposit and other liabilities of the Failed Bank on the terms and
conditions set forth in the Agreement; and
WHEREAS, the parties desire to
amend this Agreement on the terms and subject to the conditions set forth in
this Amendment to Purchase and Assumption Agreement.
NOW THEREFORE, in
consideration of the mutual promises herein set forth and other valuable
consideration, the parties hereto agree as follows:
SECTION 3.5 of the Agreement is hereby
amended to insert the following clause as new subsection 3.5(q):
“(q) the stock or other
equity interest in Irwin Union Collateral, Inc.”
All
applicable supporting Schedules and Exhibits shall also be deemed to have been
amended to effect Section 3.5(q) of the Agreement.
IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to Purchase and Assumption Agreement
to be executed by their duly authorized representatives as of the date first
written above.
| |
FEDERAL
DEPOSIT INSURANCE CORPORATION,
RECEIVER
OF IRWIN UNION BANK AND TRUST COMPANY,
COLUMBUS,
INDIANA
|
| |
|
|
| |
BY: |
/s/ Steven A.
Carr |
| |
|
STEVEN A.
CARR |
| |
|
RECEIVER-IN-CHARGE |
Attest:
/s/James
O. Phillips
| |
FEDERAL DEPOSIT INSURANCE
CORPORATION |
| |
|
|
| |
BY: |
/s/ Steven A.
Carr |
| |
|
STEVEN A. CARR
ATTORNEY-IN-FACT
|
Attest:
/s/James
O. Phillips
| |
FIRST FINANCIAL BANK, NATIONAL
ASSOCIATION |
| |
|
|
| |
BY: |
/s/ Claude E.
Davis |
| |
|
NAME: CLAUDE E. DAVIS
TITLE: President & Chief Executive
Officer
|
Attest:
/s/Gregory
A. Gehlmann