Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Kathryn M. Hennigan

Summary

Quaker City Bank and Kathryn M. Hennigan have agreed to renew and extend their existing Change in Control Agreement for a period of 24 months, now set to expire on June 30, 2003. This acknowledgment confirms the Board of Directors' decision to continue the agreement, which outlines terms and protections for Ms. Hennigan in the event of a change in control at the bank.

EX-10.9.7 7 dex1097.txt CHANGE IN CONTROL AGRMNT. WITH KATHRYN M. HENNIGAN Exhibit 10.9.7 Quaker City Bank Change in Control Agreement Renewal and Extension Acknowledgment between Quaker City Bank and Kathryn M. Hennigan dated July 1, 2001. QUAKER CITY BANK CHANGE IN CONTROL AGREEMENT RENEWAL AND EXTENSION ACKNOWLEDGMENT Name of Participant: Kathryn M. Hennigan -------------------------------------------------- The undersigned participant does hereby acknowledge that, at their regularly scheduled meeting on June 21, 2001, 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, 2003. Dated this 1st day of July , A.D., 2001 . --- --- ------ ---------- ---- --------- QUAKER CITY BANK /s/ Kathryn M. Hennigan By: /s/ Frederic R. McGill ---------------------------- -------------------------- Participant President