Termination Letter Agreement between Castle Creek Financial, LLC and Guaranty Bancorp (July 29, 2010)
Castle Creek Financial, LLC and Guaranty Bancorp agree to terminate their previous Letter Agreement, originally dated November 8, 2006, under which Castle Creek served as financial advisor. Guaranty Bancorp waives the required 30-day written notice for termination, and both parties confirm that all other relevant provisions in Section 6 of the original agreement will remain in effect. The agreement is finalized by signatures from both parties, confirming mutual understanding and acceptance of the termination.
Exhibit 10.1
CASTLE CREEK FINANCIAL
July 29, 2010
Paul W. Taylor
Executive Vice President and Chief Operating Officer
Guaranty Bancorp
1331 Seventeenth Street
Suite 300
Denver, CO 80202-1566
Via email: ***@***
Dear Paul:
Pursuant to Section 6 of the Letter Agreement between Centennial Bank Holdings, Inc., the predecessor to Guaranty Bancorp (‘Guaranty”), and Castle Creek Financial (“CCF”) dated November 8, 2006, this letter will confirm that CCF is formally terminating the agreement pursuant to the terms of Section 6. Although the termination provision of the Letter Agreement stipulates 30 days written notice, you agree that by executing and returning this letter, Guaranty hereby waives such 30 day notice provision, and that all other provisions as provided in Section 6 of the Letter Agreement shall survive pursuant to the terms therein.
Please confirm that the foregoing is in accordance with your understanding by signing and returning to us a duplicate of this letter, which thereupon shall constitute acceptance of CCF’s termination of its role as financial advisor to Guaranty.
Very truly yours,
| Castle Creek Financial, LLC |
| Guaranty Bancorp | ||
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| By: | /s/ William J. Ruh |
| By: | /s/ Paul W. Taylor |
| Name: | Willam J. Ruh |
| Name: | Paul W. Taylor |
| Title: | Vice President |
| Title: | Executive Vice President and Chief Operating Officer |
