Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment with Harold Rams
Quaker City Bank and Harold Rams have agreed to renew and extend their existing Change in Control Agreement for a new term of 24 months, ending on June 30, 2005. This acknowledgment confirms the Board of Directors' decision to continue the agreement, ensuring that its terms remain in effect for the specified period. The document is signed by both Harold Rams and the bank's president.
Exhibit 10.8.9
Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Harold Rams dated July 1, 2003.
QUAKER CITY BANK
CHANGE IN CONTROL AGREEMENT
RENEWAL AND EXTENSION ACKNOWLEDGMENT
Name of Participant: Harold Rams
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/ HAROLD RAMS | By: | /s/ FREDERIC R. MCGILL | ||
| Participant | President | |||
