Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment with Dwight L. Wilson

Summary

Quaker City Bank and Dwight L. Wilson have agreed to renew and extend their existing Change in Control Agreement. The agreement now has a new term of 24 months, lasting until June 30, 2005. This renewal was approved by the bank's Board of Directors and is acknowledged by both parties. The agreement outlines protections or terms for Mr. Wilson in the event of a change in control at Quaker City Bank.

EX-10.7.9 4 dex1079.htm QCB CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION - DWIGHT L. WILSON QCB Change in Control Agreement Renewal and Extension - Dwight L. Wilson

Exhibit 10.7.9

 

Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Dwight L. Wilson dated July 1, 2003.

 

QUAKER CITY BANK

CHANGE IN CONTROL AGREEMENT

RENEWAL AND EXTENSION ACKNOWLEDGMENT

 

Name of Participant:    Dwight L. Wilson

 

The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 19, 2003, the Board of Directors of Quaker City Bank acted to renew and extend the Quaker City Bank Change in Control Agreement with the undersigned participant to a full twenty-four (24) month term, until June 30, 2005.

 

Dated this             1st             day of             July            , A.D.,             2003            .

 

   

      QUAKER CITY BANK

            /s/    DWIGHT L. WILSON


 

By:

 

            /s/    FREDERIC R. MCGILL


Participant       President