Amendment to Engagement Letter between Security Bank, s.b. and Performance Trust Capital Partners, LLC
Security Bank, s.b. and Performance Trust Capital Partners, LLC have agreed to amend their original engagement letter dated September 5, 2024. The amendment increases the maximum amount that Security Bank will reimburse PTCP for legal fees and expenses to $150,000, with $119,434 already reimbursed. All other terms of the original agreement remain unchanged. This amendment is effective as of January 17, 2025.
Exhibit 1.4
January 17, 2025
Security Bank, s.b.
510 East Monroe Street
Springfield, IL 62701
Attn: Stephan P. Antonacci, President & CEO
Re: Amendment to Engagement Letter
Dear Paul:
This letter amends the letter agreement dated as of September 5, 2024 (the “Agreement”), by and between Security Bank, s.b., (the “Company”) and Performance Trust Capital Partners, LLC (“PTCP”) (the “Amendment”). Each capitalized term used but not otherwise defined in herein has the meaning ascribed to it in the Agreement. All other terms of the Agreement remain in full force and effect.
PTCP and the Company hereby agree to amend the Agreement as follows:
| 1. | The first paragraph under the heading “Costs and Expenses” shall be amended by increasing the maximum dollar amount of out-of-pocket expenses for which PTCP will be reimbursed for legal fees and expenses to One Hundred and Fifty Thousand Dollars ($150,000), of which One Hundred Nineteen Thousand Four Hundred Thirty-Four Dollars ($119,434) has already been reimbursed. |
IN WITNESS WHEREOF, the parties hereto have executed this letter as of the day and year first above written.
| Security Bank, s.b. | Performance Trust Capital Partners, LLC | |||||||
| By: | /s/ Stephan P. Antonacci | By: | /s/ Lee Burrows | |||||
| Name: | Stephan P. Antonacci | Name: | Lee Burrows | |||||
| Title: | President & CEO | Title: | Vice Chairman of Investment Banking | |||||
