Termination Agreement to Share Exchange Agreement between First Security Group, Inc. and Premier National Bank of Dalton

Contract Categories: Business Operations › Termination Agreements
Summary

First Security Group, Inc. and Premier National Bank of Dalton have mutually agreed to terminate their Share Exchange Agreement, originally dated October 17, 2002. Both parties confirm that their respective boards of directors have approved this termination, which is effective as of November 19, 2002. This agreement formally ends all obligations under the original Share Exchange Agreement.

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EX-2.2 3 doc2.txt TERMINATION AGREEMENT Pursuant to Section 9.1(a) of that certain Share Exchange Agreement, dated as of October 17, 2002 (the "Share Exchange Agreement"), the undersigned parties to the Share Exchange Agreement do hereby terminate the Share Exchange Agreement as of the date hereof. Each of the parties hereto represents and warrants to the other that its termination of the Share Exchange Agreement has been duly approved by its Board of Directors. IN WITNESS WHEREOF, each of the undersigned has executed this Termination Agreement as of the 19th day of November, 2002. This Termination Agreement may be executed in counterparts, which, when taken together, shall be deemed to constitute a single original. FIRST SECURITY GROUP, INC. By: /s/ Rodger B. Holley ----------------------------------- Rodger B. Holley President PREMIER NATIONAL BANK OF DALTON By: /s/ Johnny R. Myers ----------------------------------- Johnny R. Myers President