EXHIBIT 10.50

ACQUISITION AGREEMENT

This Acquisition Agreement (the Agreement) is made and
entered into as of the 23rd day of March, 2006, by and between Robertson Banking Company, a banking corporation headquartered in Demopolis, Alabama (the Purchaser), and Community Bank, an Alabama banking corporation headquartered
in Blountsville, Alabama (the Seller).

WITNESSETH:

The Seller has offered for sale its branch office located at 951 Highway 80 West, Demopolis, Alabama (the Branch) together with
substantially all of the deposit and Loan business of such Branch, and other assets, including, but not limited to, the real property and improvements situated at 100 East Washington Street, Demopolis, Alabama.

The Purchaser has received summary information regarding the Branch and has offered to purchase substantially all of the assets and liabilities of the
Branch on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt of which is acknowledged, the parties, intending to be legally bound, agree as follows:

ARTICLE I

DEFINED TERMS

1.01 Definitions. The
following terms used in this Agreement shall have the meanings specified below:

(a) Closing means the closing of the
purchase of the assets and the assumption of the liabilities of the Branch as provided herein.

(b) Deposits means all
deposits maintained at the Branch, exclusive of any accounts designated by mutual agreement of Seller and Purchaser on Exhibit 1.01(b) attached hereto as not expected to transfer to Purchaser.

(c) Final Average Deposits means the average of the Deposits for the 30 day-period ending on the business day immediately preceding
the Closing. However, there shall be included in the Final Average Deposits any deposit accounts of Seller which have been transferred to Purchaser between the date the acquisition of the Branch is publicly announced and the Closing.

(d) Initial Average Deposits means the average of the Deposits for the 30-day period beginning on the 15thday prior to a mutually agreed upon public announcement of the acquisition of the Branch.

(e) Lien means any conditional sale agreement, default of title, easement, encroachment, encumbrance, hypothecation, infringement,
lien, mortgage, pledge, reservation, restriction, security interest, title retention or other security arrangement, or any adverse right or interest, charge, or claim of any nature whatsoever of, on, or with respect to any property or property
interest.

(f) Litigation means any action, arbitration, cause of action, lawsuit, claim, complaint, criminal
prosecution, governmental or other examination or investigation, audit (other than regular audits of financial statements by outside auditors), compliance review, inspection, hearing, administrative or other proceeding relating to or affecting a
party, its business, its records, its policies, its practices, its compliance with applicable law, its actions, its assets (including contracts and agreements related to it), or the transactions contemplated by this Agreement.



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(g) Loan means each loan agreement, note or borrowing arrangement (including all
collateral relating thereto) designated on Exhibit 1.01(g).

(h) Premium Adjustment Amount means the dollar
amount obtained by subtracting the Final Average Deposits from the Initial Average Deposits and then multiplying such difference (if a positive number) by the Premium Adjustment Percentage.

(i) Premium Adjustment Percentage means the percentage obtained by dividing $427,912.46 by the Initial Average Deposits.

ARTICLE II

SALE OF ASSETS

2.01 Assets Sold. On the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall transfer, convey, assign and
deliver to the Purchaser and the Purchaser shall purchase and receive from the Seller, all of Sellers right, title and interest in the following assets, properties and rights (the Purchased Assets) free and clear of all
Liens:

(a) all Loans listed on Exhibit 1.01(g) at Closing at their respective then outstanding principal amounts, together with accrued
interest thereon;

(b) all of the Sellers rights and title to the real property and improvements set forth on Exhibit 8.03, whether
owned or leased by the Seller (Real Property);

(c) all cash on hand at the Branch at Closing;

(d) all furniture, fixtures and equipment and any replacements thereof or repairs thereto (together with any manufacturers warranties or
maintenance or service agreements thereon which are in effect and are assignable) located in the Branch (exclusive of those items referred to in Section 2.03 of this Agreement), whether leased or owned as identified on Exhibit 8.04
(Furniture, Fixtures and Equipment);

(e) all rights to the extent assignable in, to and under any vendor single
interest insurance or other insurance on Loans or collateral transferred to the Purchaser with the Loans, and any payment received by Seller before the Closing prorated based on the term of the Loan, and after Closing with respect to such insurance;

(f) all pre-paid expenses with respect to the Branch; and

(g) all agreements, contracts, instruments, files (written or electronic), credit analysis and reports, ledgers, or other documents relating to any of the foregoing, including without limitation original
executed copies of promissory notes, loan agreements and collateral documents for each Loan and employment records for Sellers employees who become employees of Purchaser.

2.02 [Section 2.02 is intentionally left blank.]

2.03 Assets Not Sold. The following are expressly excluded from the Purchased Assets:

(a) the Sellers signs and
logos, except that all sign poles and time and temperature signs will remain and become Purchasers property;

(b) the Sellers
proprietarily marked stationery, forms, labels, shipping material, brochures, advertising material and similar property; provided, however, it is the intention of the parties, that items not bearing proprietary marks and which are necessary or
useful in operating the Branch not be removed; and

(c) any loan account not listed on Exhibit 1.01(g).



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2.04 Purchase Price. As full consideration for the purchase of the Branch and the Purchased
Assets, the Purchaser shall pay Seller a purchase price (the Purchase Price) equal to the sum of the following:

(a) the
book value for the Loans;

(b) the face amount of the cash on hand at the Branch at Closing;

(c) all pre-paid expenses with respect to the Branch;

(d) $400,210.59 for the owned Real Property and owned Furniture, Fixtures and Equipment (See Exhibits 8.03 and 8.04); and

(e) a premium equal to $599,789.41, subject to adjustment as follows. In the event that the Final Average Deposits are less than the Initial Average Deposits, the premium shall be decreased by the Premium Adjustment
Amount.

2.05 Documents of Transfer. The sale, transfer, assignment and delivery of the Purchased Assets pursuant to this Article II
shall be effected by general warranty deeds, bills of sale, endorsements, assignments and other instruments of transfer and conveyance sufficient to convey all of Sellers right, title and interest as agreed hereunder and satisfactory in form
and substance to counsel for the Seller and the Purchaser, including, without limitation, the making of all filings and the recordation of all mortgages and other Loans in the respective county courthouses where the property covered by such
mortgages and other Loans relate. At the Closing, the Seller will give the Purchaser possession and control of the Purchased Assets and assumed liabilities and will deliver to the Purchaser all keys, combinations, codes and other necessary access
devices relating to the Branch, the Purchased Assets and the assumed liabilities. At Closing, the Seller will deliver to the Purchaser originals of the promissory notes, security agreements, and related agreements, documents and instruments or
information relating to or evidencing all Loans purchased, to the extent these exist, and otherwise will deliver the best copies available.

2.06 Removal of Assets Not Sold. As soon as reasonably possible following the Closing, the Seller will remove all of its personal property referred to in Section 2.03 of this Agreement. The Seller shall remove all such signs,
logos and equipment at its own cost and in a manner that will not damage the premises or improvements or unduly disturb operations.

2.07
Title to Real Property and Leases. The Seller shall provide the Purchaser with originals (or copies if originals are not available) of all deeds and leases with respect to the Branchs real property and improvements, and all real estate
records to the extent held by the Seller relating to the Branch.

2.08 Breaches with Third Parties. Nothing in this Agreement shall
constitute an agreement to assign any claim, contract, license, lease, commitment, sales order or purchase order or any claim or right or any benefit arising thereunder or resulting therefrom if an attempted assignment thereof, without the consent
of a third party thereto, would constitute a breach thereof or would in any way affect the rights of the Seller thereunder so that Purchaser would not in fact receive all such rights. The Seller will cooperate with the Purchaser in any arrangement
desired to provide Purchaser with the benefits under any such claims, contracts, licenses, leases, commitments, sales or purchase orders. Seller shall obtain at its sole cost and expense evidence satisfactory to the Purchaser of transfer or
assignment to the Purchaser of any such property or property rights or any contract or agreement which shall require the consent or approval of any third party.

2.09 Payments and Information Received After Closing. For a period of ninety (90) days after the Closing the Seller will forward promptly to the Purchaser:

(a) any payments (properly endorsed as necessary) which are received by the Seller on or after the Closing Date that relate in any way to the Loans being
purchased by the Purchaser hereunder, together with sufficient information so that any such payments may be properly applied to the extent such information is available to the Seller; and



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(b) any notices or other correspondence received on or after the Closing Date that relate in any way to
the Loans purchased or to other Purchased Assets.

ARTICLE III

ASSUMPTION OF LIABILITIES

3.01 Liabilities Assumed. At the Closing, the Seller shall transfer to
Purchaser and the Purchaser shall assume and agree to pay and discharge only those specific existing liabilities of the Branch described in Exhibit 3.01 hereto (the Assumed Liabilities). No assurance is given by the Seller that
the Branchs present deposit customers will become or continue to be customers of the Purchaser, the same being at the sole discretion of such customers. Escrow accounts relating to the Loans will be assumed by the Purchaser and there shall be
an adjustment to the Purchase Price equal to the amount of escrowed funds.

3.02 Liabilities Not Assumed. Except for the Assumed
Liabilities specifically assumed by the Purchaser under Section 3.01 above, the Purchaser is not assuming any other liabilities or obligations of the Seller, including, but not limited to the following:

(a) all liabilities and obligations of any nature arising from or connected with the Branch and its operations, including relating to circumstances or
events arising or existing prior to the Closing, including, but not limited to, liabilities or obligations with respect to any Litigation or governmental proceedings arising, commencing or made known to Seller prior to Closing and related to the
Branch, or which thereafter arise with respect to matters occurring prior to Closing;

(b) all liabilities and obligations of the Seller
for fees, commissions, costs and expenses incurred by the Seller in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, including, without limitation, legal, consulting,
accounting and appraisal fees and expenses; and

(c) all liabilities and obligations of Seller under any debt cancellation contracts or
similar arrangements.

3.03 Documentation of Assumption. At Closing the Purchaser shall deliver to the Seller an undertaking,
reasonably satisfactory in form and substance to counsel for the Seller, under which the Purchaser will assume and agree to perform, discharge and pay the obligations and liabilities assumed by the Purchaser pursuant to this Agreement. An acceptable
form of such undertaking is attached as Exhibit 3.03 hereto and made a part hereof.

3.04 Assumption Subject to Certain Terms. The
liabilities being assumed by the Purchaser pursuant to this Article shall be assumed subject to the terms and conditions of the contracts of deposit and other written agreements relating thereto and provided by Seller to Purchaser and the laws,
rules and regulations applicable thereto.

3.05 Payment of Items by Seller After Closing. If, subsequent to the assumption of
liabilities pursuant to this Article III, the Seller shall properly honor any valid check or withdrawal on a deposit assumed by Purchaser (Transferred Account), then in that event the Purchaser shall pay the Seller any monies so
paid by the Seller to or for the benefit of such Transferred Account, if there are sufficient available collected funds in such Transferred Account to fully pay such check or item.

3.06 Payment of Items by Purchaser After Closing. The Purchaser agrees that after Closing it will pay in accordance with applicable law and
customary banking practices all properly payable checks, drafts and withdrawal orders drawn by the parties to the Transferred Accounts if the available collected balance of each Transferred Account is sufficient to permit the payment thereof.

3.07 Transfer of Credits by Seller; Information Received After Closing.

(a) The Seller agrees to transfer to the Purchaser any deposits received by it after the Closing Date for credit to Transferred Accounts, however, the
Seller shall be under no obligation after 60 days from the Closing Date to accept such deposits or for any claims resulting from such procedure.



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(b) Any notices or correspondence received by the Seller on or after the Closing with respect to any
liabilities assumed or Loans or assets purchased by the Purchaser hereunder will be sent promptly to the Purchaser.

3.08
Safe Deposit Boxes. The keys, contracts, signature cards and other material or equipment related to safe deposit boxes located in the Branch, together with such boxes which shall contain all contents thereof, shall be delivered by the Seller
to the Purchaser at Closing. Safe deposit box rentals collected by the Seller prior to the Closing shall be prorated between the Seller and the Purchaser at Closing.

3.09 Seller Not Liable to Pay. In the event any deposit customer holding a Transferred Account shall demand payment from the Seller for all or any
part of any deposit liabilities assumed by the Purchaser with respect to the Transferred Account, the Seller shall not be liable or responsible for making such payment. If Seller does make any such payment to a deposit customer relating to a
Transferred Account, Purchaser shall promptly reimburse Seller for the amount thereof; provided, there are sufficient available collected funds in such Transferred Account to fully pay such reimbursement.

3.10 Purchaser Responsible for Returned Items. The Purchaser agrees to pay promptly to the Seller an amount equal to the amount of any checks,
drafts or withdrawal orders credited to a Transferred Account as of the Closing Date and reflected in the Settlement Statement, but which are returned to the Seller after the Closing Date.

3.11 Final Statements. Seller will render a final statement to each depositor of a Transferred Account assumed under this Agreement as to
transactions occurring through the Closing Date. Seller will be entitled to impose normal fees and service charges on a per item basis through Closing, but Seller will not impose periodic fees or blanket charges in connection with such final
statements.

3.12 Automated Clearing House. The Purchaser, at its expense, will timely notify all Automated Clearing House
(ACH) originators of the transfers and assumptions to be made pursuant to the Agreement as of the Closing Date, and the Seller will cooperate with the Purchaser and provide, at Sellers expense, all tapes and data reasonably
requested by Purchaser for such purpose. For a period of 60 days beginning on the Effective Time, Seller will honor all ACH items related to accounts assumed under this Agreement which are mistakenly routed or presented to Seller. Seller will make
no charge to Purchaser for honoring such items, and will electronically transmit such ACH data to Purchaser. If Purchaser cannot receive an electronic transmission, Seller will make available to Purchaser at Sellers operations center receiving
items from the ACH tapes containing such ACH data. Items mistakenly routed or presented after the 60-day period will be returned to the presenting party.

3.13 Debit Card Transactions. After the Closing, Purchaser agrees to use its reasonable efforts to collect from Purchasers customers amounts equal to any debit card connected with a Transferred Account
and any Visa or MasterCard chargebacks under the MasterCard and Visa Merchant Agreements between Seller and its customers or amounts equal to any deposit items on Transferred Accounts and that are returned to Seller after the Closing which were
honored by Seller prior to the Closing and remit such amounts so collected to Seller. Purchaser agrees to immediately remit to Seller any funds held in the customers related Transferred Account when the Purchaser receives such notice from the
Seller, up to the amount of the charged back or returned item that had been previously credited by Seller, if such funds are available in such customer account at the time of notification by Seller to Purchaser of the charged back or returned item.
Notwithstanding the foregoing, Purchaser shall have no duty to remit funds for any item or charge that has been improperly returned or charged to Seller. Exhibit 3.13 contains a listing of all debit cards issued for Transferred Accounts.

ARTICLE IV

ASSUMPTION OF RISKS

4.01 Insurance Policies. Effective immediately following the Closing Date, the Seller will discontinue any casualty and public liability
insurance coverage maintained with respect to the premises of the Branch. The Purchaser shall be solely responsible for all casualty losses and liability claims arising from the premises of the Branch after the time of Closing. Nothing in this
Section 4.01 shall be construed or deemed to require the Purchaser to insure the furniture, fixtures or equipment of the Seller which may not be removed from the Branch at Closing, and the Seller shall solely bear all risk of loss to such
property following Closing.



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4.02 Safe Deposit Boxes. Immediately following the Closing Date, the Purchaser shall assume all
risks arising after the Closing with respect to granting access to and protecting the contents of the safe deposit boxes located at the Branch.

4.03 Security of Persons and Property. Immediately following the Closing Date, the Seller will discontinue providing any security for persons and property provided by the Seller prior to Closing.

ARTICLE V

SETTLEMENT

5.01 Settlement. The amount of cash to be received or paid by Purchaser at Closing shall be calculated in accordance with the formula set forth in
the Settlement Statement attached hereto as Exhibit 5.01 and incorporated herein by reference. The Purchased Assets to be transferred at Closing shall be valued as provided in Article II of this Agreement.

At least five (5) days prior to the Closing Date (the Settlement Date), the Seller shall deliver to the Purchaser a copy,
certified by a duly authorized officer of the Seller, of such Settlement Statement, which sets forth the computation of the cash payable to or due from the Purchaser at Closing, and upon acceptance by the Purchaser, the Seller or the Purchaser, as
the case may be, shall pay said amount to the other at Closing by wire transfer of immediately available funds.

5.02 Post-Closing
Adjustments to Purchase Price. As soon as reasonably practicable, but within five (5) business days following the Closing Date, the Purchaser shall, based upon the general ledger and other books and records relating to the Branch,
recalculate the amount of cash to be received or paid by the Purchaser as of the Closing Date using the Final Settlement Statement attached hereto as Exhibit 5.02 and incorporated herein by reference, and the amount of cash to be received or paid by
the Purchaser shall be agreed upon by the Purchaser and Seller and shall be adjusted and paid, by the Seller or the Purchaser, as the case may be, as provided in such Exhibit 5.02 by wire transfer of immediately available funds.

5.03 Casualty and Other Losses Prior to Closing. If the buildings in which the Branch is located or any other Real Property, improvements or
Furniture, Fixtures and Equipment with respect to the Branch or which are included in or are securing any Purchased Assets shall be damaged by fire or other casualty, whether insured or uninsured, and shall not be repaired or restored to its
original condition prior to the Closing, Seller shall promptly assign and pay over to Purchaser any insurance proceeds with respect to such assets, or Purchaser may terminate this Agreement at its option.

5.04 Pro Rata Adjustments of Expenses. All property taxes, rents and utility payments, salaries, and all other similar expenses and taxes itemized
in a writing delivered by the Seller to Purchaser at least five (5) business days prior to the Closing Date relating to the ownership and operation of the Branch, and the Federal Deposit Insurance Corporation (FDIC) insurance
premiums relating to Transferred Accounts, shall be prorated between the parties as of the Closing Date.



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ARTICLE VI

EMPLOYEES AND ADVISORY DIRECTORS

6.01 Transfer of Certain Employees. Seller will use its reasonable
efforts to maintain the employees as employees of Seller at the Branch until the Closing Date. Any employee whose employment shall be terminated for any reason prior to the Closing Date or who shall elect not to be an employee of Purchaser shall be
dealt with by Seller in its sole and absolute discretion, and Purchaser shall have no liability whatsoever therefor. Effective at Closing, the Seller will terminate the employment of all employees assigned to the Branch, and such employees will
become at will employees of the Purchaser under such terms as may be established by Purchaser in its sole discretion, except as otherwise expressly provided in Section 6.03 below. The Seller and the Purchaser shall mutually agree
upon any additions to or replacements of staff after the date of this Agreement through Closing, and Seller shall not employ any employees at the Branch during such time other than on an at will basis and upon prior notice to Purchaser.

6.02 Benefits. Each employee of Seller who transfers to the Purchaser will receive pension, profit sharing, insurance, vacation,
sick leave and other benefits that are substantially similar to comparable new employees of Purchaser without credit for service with Seller. Seller will be responsible for all continuation coverage under Sellers health insurance plans for
Sellers employees of the Branch who do not become employees of Purchaser and who elect such coverage pursuant to the Consolidated Omnibus Budge Reconciliation Act of 1986, as amended. Purchaser does not assume any liability for accrued
vacation, sick leave or other paid time off of Sellers employees. Pursuant to its Personnel Policy, Seller will not pay terminating employees for accrued vacation, sick leave or other paid time off. Employees whose employment with Seller
terminates will forfeit any unvested benefits in Sellers qualified pension and profit sharing plans.

6.03 Responsibility for
Employees Transferring. With respect to all employees of the Branch transferring to the Purchaser, the Seller will be responsible for all salaries, wages and benefits payable to such employees during employment by the Seller up to and including
the Closing Date.

6.04 Employee Information. The Seller shall provide the Purchaser at times the Purchaser may deem necessary such
records and information regarding such transferred employees service with the Seller as the Purchaser may reasonably need for purposes of the Purchasers employment and benefits program records including the complete personnel file on
each transferring employee. The Purchaser and the Seller agree to assist each other by providing the employee information needed to open and close employee files on those employees transferred. To the extent required by applicable law, the Seller
reserves the right to obtain the employees prior consent to release information which the Seller reasonably believes (upon advice of counsel) cannot be released to the Purchaser without the employees prior consent. Should information be
withheld, the Seller must advise the Purchaser of such prior to Closing, and Purchaser shall have no obligation to hire the related employee.

6.05 Advisory Directors. Prior to the Closing, the Seller will terminate the services of all advisory directors of the Branch, and pay all fees owed to such directors.

ARTICLE VII

ACCESS TO PROPERTIES AND RECORDS

7.01 Access and Confidential Treatment. From and after the date of this Agreement, the Seller shall permit the Purchasers agents and
representatives full access, during normal business hours and upon reasonable notice, to all assets, properties, books, records (except employee records and information excluded by Section 6.04 hereof), agreements and commitments of the Seller
relating to the Branch, and the Seller shall furnish representatives of the Purchaser during such period with all such information concerning the affairs of the Branch as the Purchaser may reasonably request. Purchaser will conduct its inspection in
a manner that will not unreasonably disrupt Sellers operations. The Purchaser will hold in strict confidence all documents and information concerning the Seller so furnished that is not in the public domain and will not publicly disclose such
documents or information except to its attorneys, accountants, or other advisers and representatives, to regulatory and self-regulatory authorities, or as required by law or pursuant to legal process. If the transactions contemplated by this
Agreement are not consummated, all such documents and information shall promptly be returned to the Seller. Nothing in this Section



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7.01 shall be deemed to require Seller to reveal any proprietary information, trade secrets or marketing or strategic
plans, and if such information is the subject of a confidentiality agreement between the Seller and a third party, any disclosure will be subject also to the provisions of such confidentiality agreement, which shall be provided to Purchaser. The
Seller shall provide the Purchaser, on a confidential basis, the names and addresses of all directors, officers, affiliates (as defined in SEC Rule 405) and their relatives and the business interests related to each of the foregoing (individually
and collectively, Seller Affiliates).

7.02 Recordkeeping and Access Following Closing. The Purchaser will
preserve and safely keep, for as long as may be required by applicable law, all of the files, books of account and records delivered to the Purchaser through Closing related to the Branch for the joint benefit of itself and the Seller. Purchaser
shall permit the Seller or its representatives, at Sellers expense during normal business hours and upon reasonable notice, to inspect, make extracts from or copies of, any files, books of account or records as may be necessary for Seller to
satisfy any auditing or regulatory requirements placed upon Seller or as may be required by Seller in connection with any Litigation. Seller will conduct its inspection in a manner that will not unreasonably disrupt Purchasers operations. The
Seller will not use such documents or information for the purpose of competing with the Purchaser.

7.03 Reporting Obligations.
Seller shall be responsible for compliance with all reporting obligations under applicable federal, state and local tax laws and regulations for transactions with respect to the operation of the Branch prior to the date of Closing, and shall timely
file all returns, information returns and information statements required to be filed with the Internal Revenue Service and any other tax authorities with respect to such transactions, including without limitation, Form 1099 for all Loans and
Transferred Accounts, and Form W-2 and Form W-3 with respect to all employees of the Branch (Tax Returns). Purchaser shall be responsible for compliance with all reporting obligations under applicable federal, state and local tax laws
and regulations for transactions with respect to the Transferred Assets, the Assumed Liabilities and the operations of the Branch after the date of Closing, and shall timely file all Tax Returns with respect to such transactions.

ARTICLE VIII

SELLERS REPRESENTATIONS
AND WARRANTIES

The Seller represents and warrants to the Purchaser as follows:

8.01 Corporate Organization. The Seller is a banking corporation duly organized, validly existing and in good standing under the laws of the State
of Alabama.

8.02 Corporate Authority. The Seller has full corporate right, power, capacity and authority validly to enter into and
to perform this Agreement and the transactions contemplated by this Agreement, to sell, transfer, assign and deliver the Purchased Assets referred to in Article II, and to carry on its business as currently conducted. The execution, delivery and
performance of this Agreement, and the transactions contemplated by this Agreement have been duly and validly authorized by all requisite corporate action, and this Agreement is binding and enforceable against the Seller in accordance with its terms
(except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors rights in general and general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law)). Except as disclosed on Exhibit 8.02, no further corporate authorization or applications or notices to any governmental or regulatory authority, agency or entity or any consents,
waivers or approvals from any such governmental authority is necessary for Seller to execute and deliver this Agreement or to consummate the transactions contemplated hereunder or perform its obligations hereunder.

8.03 Title to or Right to Occupy Real Estate. Exhibit 8.03 describes all real estate, improvements, and any related rights owned, leased, or
otherwise held by Seller with respect to the Branch, and with respect to owned Real Property, the fully depreciated net book value thereof. Seller (a) has and at Closing will have indefeasible fee simple title to, and owns and at Closing will
be the sole owner of all the Real Property to be purchased by Purchaser pursuant to Article II, subject to no Lien, tenant leases, participation, charge, encumbrance or conditional sale of other title retention agreement except for real estate taxes
not yet due and payable, restrictions, easements and rights of way of record, and (b) is and at Closing will be the sole lessee with respect to the leases to be assigned to Purchaser pursuant to said Article II, with the right to convey to
Purchaser the leasehold interest therein so as to



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assure that Purchaser shall have the full, exclusive and peaceful possession of such leasehold interest. All Real
Property and Furniture, Fixtures and Equipment will at the time of Closing be in good operating condition and repair, subject only to ordinary wear and tear, and will otherwise be received in AS IS condition with no other warranties by
Seller as to their condition or future performance, except those warranties related to title. All Real Property and Furniture, Fixtures and Equipment held under leases or subleases by the Seller, are held under valid contracts enforceable in
accordance with their respective terms, and each such contract is in full force and effect. All improvements on the Real Property leased to, or used by, the Seller conform to all applicable state and local laws, regulations, zoning and building
ordinances and health and safety ordinances, and the Real Property is zoned for the various purposes for which the real estate and improvements thereon are presently being used. To the Knowledge of the Seller, no condemnation proceedings or
proceedings for the taking of any Real Property by eminent domain by any Governmental Authority are pending or threatened. Seller has not entered into any agreement regarding the Real Property or the Furniture, Fixtures and Equipment, and neither
Seller nor the Real Property is subject to any claim, demand, suit, Lien or Litigation of any kind, pending or outstanding, or to the knowledge of Seller, threatened or likely to be made or instituted, which would in any way be binding upon
Purchaser or its successors or assigns or materially affect or limit Purchasers or its successors or assigns use and enjoyment of the Real Property or which would materially limit or restrict Purchasers right or ability to
enter into this Agreement and consummate the sale and purchase contemplated hereby.

8.04 Condition of Personal Property. Exhibit
8.04 sets forth by category or item all of the tangible personal property owned or leased (identified as such) which is used or useful in connection with the operation of the Branch, with the fully depreciated net book value of owned property being
also set fort on Exhibit 8.04. The tangible personal property included in the Purchased Assets is, and at the Closing will be, in good operating condition and repair, subject only to ordinary wear and tear, and will be usable in the ordinary course
of business consistent with the Sellers past practices.

8.05 Loans. With respect to each Loan within the Purchased Assets,
the Loan complies in all material respects with all applicable laws and banking regulations and is a valid loan enforceable in accordance with its terms; the Seller is the sole owner thereof, no participation or other interest therein having been
sold or transferred; the Loan is not pledged or encumbered except as set forth on Exhibit 8.05 and all such Liens shall have been satisfied and released prior to Closing; the principal balance of the Loan as shown on Exhibit 1.01(g) is true and
correct as of the last date shown thereon; all purported signatures on and executions of any document in connection with such Loan are genuine and authorized; all loan documentation has been actually signed or executed by all necessary parties; the
Seller has and will transfer to Purchaser, custody of all originally executed documents, and microfilm or photocopy records thereof related to such Loan and there are no other written or unwritten agreements, understandings, or other
arrangements with respect to such Loan; provided, however, that all Loans (and any notes, other evidences of indebtedness or security agreements associated therewith) transferred at Closing by the Seller to the Purchaser are transferred and
without any other warranties or representations as to the collectibility of any such Loans, the value of the collateral securing same or the creditworthiness of any of the makers, guarantors or other obligors thereof. None of the Loans is to or for
the benefit of a Seller Affiliate.

8.06 No Violations. Subject to receipt of all necessary corporate, regulatory and other third
party approvals or consents, the execution, delivery and performance of this Agreement and the transactions contemplated herein do not and will not violate or conflict with the Sellers Articles of Incorporation, Bylaws or other governing
documents or any provisions of law to which the Seller is subject and do not and will not conflict with or result in the violation or breach of any material condition or provision of, or constitute a material default under, any material contract,
right, lease, pledge, Lien, instrument, agreement, order, writ, injunction, decree or judgment to which the Seller is a party or which is binding on Seller or to which any of the property or assets of Seller is subject, or create or result in any
Lien upon the Purchased Assets or Assumed Liabilities. The Seller is not in default under any lease, agreement, contract, commitment, Assumed Liability or other obligation or Purchased Asset which the Purchaser is assuming or purchasing or which
affects the property rights being transferred hereunder to the Purchaser.

8.07 Limitations of Warranties. Except as may be
expressly represented or warranted in this Agreement or in any document of transfer, the Seller makes no representations or warranties whatsoever with regard to any Purchased Asset being transferred to Purchaser, any liability or obligation being
assumed by the Purchaser or as to any other matter or transaction contemplated by this Agreement.



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8.08. Legal Proceedings.

(a) Except as set forth in Exhibit 8.08, Seller is not a party to any, and there are no pending or, to Sellers knowledge, threatened, legal,
administrative, arbitral or other proceedings, claims, actions or governmental or regulatory investigations of any nature against Seller relating in any way to the Branch, the Loans, the other Purchased Assets and Assumed Liabilities, or seeking to
enjoin, restrain or challenging the validity, enforceability or propriety of this Agreement or the transactions contemplated by this Agreement. There are no employee disputes or labor relations problems with respect to any employees of the Branch.

(b) Except as set forth in Exhibit 8.08, there is no injunction, order, judgment, decree, or regulatory restriction imposed upon Seller or
the assets or liabilities of Seller, including the Purchased Assets and Assumed Liabilities.

8.09. Environmental Matters. Except as
set forth in Exhibit 8.09:

(a) Seller, and to the knowledge of Seller, each of Sellers Other Real Estate, Real Property or the
Participation Facilities and the Loan Properties (each as hereinafter defined), are in compliance with all applicable federal, state and local laws, including common law, regulations and ordinances, and with all applicable decrees, orders and
contractual obligations relating to pollution or the protection of human health or the environment or the discharge, emission, release or threatened release of, or exposure to, Hazardous Materials (as hereinafter defined) in the environment or
workplace or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport, or handling of any Hazardous Material (Environmental Laws);

(b) There is no suit, claim, action or proceeding, pending or, to the knowledge of Seller, threatened, before any governmental entity or other forum in
which Seller, any Other Real Estate, Real Property or Participation Facility or any Loan Property, has been or, with respect to threatened proceedings, may be, named as a defendant (x) for alleged noncompliance (including by any predecessor)
with any Environmental Laws, or (y) relating to the release, threatened release or exposure to any Hazardous Material whether or not occurring at or on a site owned, leased or operated by Seller, any Participation Facility or any Loan Property;

(c) During the period of (x) Sellers ownership or operation of any of their respective current or former properties including
the Other Real Estate, Real Property or, (y) Sellers participation in the management of any Participation Facility, or (z) Sellers interest in a Loan Property, there has been no release of Hazardous Materials in, on, under or
affecting any such property, Participation Facility or Loan Property. To the knowledge of Seller, prior to the period of (x) Sellers ownership or operation of current or former properties, (y) Sellers participation in the
management of any Participation Facility, or (z) Sellers interest in a Loan Property, there was no release of Hazardous Materials in, on, under or affecting any such property, Participation Facility or Loan Property; and

(d) The following definitions apply for purposes of this Section: (x) Hazardous Materials means (i) any hazardous substance,
hazardous material, hazardous waste, regulated substance, or toxic substance (as those terms are defined by any applicable Environmental Laws) and (ii) any chemicals, pollutants, contaminants, petroleum, petroleum products, or oil (and
specifically shall include asbestos requiring abatement, removal, or encapsulation pursuant to the requirements of any governmental authorities and any polychlorinated biphenyls)., (y) Loan Property means any property in
which Seller holds a security interest which security interest or other Lien will be transferred to Purchaser pursuant to this Agreement, and, where required by the context, said term means the owner or operator of such property; and
(z) Participation Facility means any facility in which Seller participates in the management and, where required by the context, said term means the owner or operator of such property.

8.10 Employees; Labor Matters.

(a)
No employee of the Branch is bound by any agreement that purports to limit his or her ability to engage in or continue or perform any conduct, activity, duties or practice relating to the business conducted by the Branch or by Seller;



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(b) Seller has operated the Branch in compliance in all material respects with all applicable laws and
regulations relating to the employment of labor, and has made all withholdings and other payments with respect to such employment and employment taxes and charges; and

(c) There is no collective bargaining agreement to which Seller is a party and no collective bargaining agreement is currently being negotiated or proposed.

(d) As of the Closing Date all wages, salaries, bonuses, vacation pay, holiday pay, short or long-term disability, reimbursement of expenses, tuition
reimbursement, commissions, compensation for absences due to jury duty and funeral leave, vacation and other paid time off, sick pay, extended sick leave, insurance benefits or other employee benefits or reimbursements with regard to any employee of
the Branch, to the extent same is owed and with the exception of any amounts disputed in good faith by Seller (which shall be the responsibility of Seller), if applicable, will have been paid, or will be paid, by Seller in accordance with
Sellers practices and procedures.

(e) Exhibit 8.10(e) sets forth a complete and correct list of all employee benefit
plans as defined by Section 3(3) of the Employee Retirement Income Security Act of 1974 (ERISA), all specified fringe benefit plans as defined in Section 6039D of the Internal Revenue Code, and all other bonus, incentive
compensation, deferred compensation, profit sharing, stock option, stock appreciation right, stock bonus, stock purchase, employee stock ownership, savings, severance, change in control, supplemental unemployment, layoff, salary continuation,
retirement, pension, health, life insurance, disability, accident, group insurance, vacation, holiday, sick leave, fringe benefit or welfare plan, and any other employee compensation or benefit plan, agreement, policy, practice, commitment, contract
or understanding (whether qualified or nonqualified, currently effective or terminated, written or unwritten) and any trust, escrow or other agreement related thereto, that (i) is maintained or contributed to by Seller or any other corporation
or trade or business controlled by, controlling or under common control with Seller (within the meaning of Section 414 of the Internal Revenue Code or Section 4001(a)(14) or 4001(b) of ERISA) (ERISA Affiliate) or has been
maintained or contributed to in the last three (3) years by Seller or any ERISA Affiliate, or with respect to which Seller or any ERISA Affiliate has or may have any liability, and (ii) provides benefits, or describes policies or
procedures applicable to any employees of the Branch, or the dependents of any thereof, regardless of how (or whether) liabilities for the provision of benefits are accrued or assets are acquired or dedicated with respect to the funding thereof
(collectively the Employee Plans). Set forth on Exhibit 8.10(e) is a complete and correct list of all ERISA Affiliates of Seller during the last three (3) years.

(f) Except as disclosed in Exhibit 8.10(f), full payment has been made of all amounts that are required under the terms of each Employee Plan to be paid
as contributions with respect to employees of the Branch for all periods prior to and including the last day of the most recent fiscal year of such Employee Plan ended on or before the date of this Agreement and all periods thereafter prior to the
Closing, and no accumulated funding deficiency or liquidity shortfall (as those terms are defined in Section 302 of ERISA and Section 412 of the Internal Revenue Code) has been incurred with respect to any such Employee Plan, whether or
not waived.

(g) Except as set forth in Exhibit 8.10(g), no written or oral representations have been made to any employee of the Branch
promising or guaranteeing any employer payment or funding for the continuation of medical, dental, life or disability coverage for any period of time beyond the end of the current plan year (except to the extent of coverage required under COBRA). To
Sellers knowledge, no written or oral representations have been made by Seller to any employee of the Branch concerning the employee benefits of Purchaser.

8.11 Books and Records. The books of account and other records of Seller, to the extent they relate to the Branch, the Purchased Assets and the Assumed Liabilities, all of which have been made available to
Purchaser, are complete and correct in all material respects and represent actual, bona fide transactions and have been maintained in accordance with customary business practices and generally accepted accounting practices consistently
applied.

8.12 Consents of Third Parties. Seller shall use all commercially reasonable efforts to obtain and preserve any consents
or approvals of third parties, whether of regulatory or governmental authorities or third parties or persons necessary, appropriate or expedient to the consummation of the transactions contemplated by this Agreement, and shall cooperate with
Purchaser in seeking and obtaining any consents or approvals it may require from any governmental authorities or third parties in connection with this Agreement and the transactions contemplated hereby.



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8.13 Assumed Liabilities. Exhibit 3.01 attached hereto sets forth an accurate and complete list of
all Assumed Liabilities. Seller has provided Purchaser with complete and correct copies of all such leases, contracts and commitments included in the Assumed Liabilities (the Commitments). Except as set forth in Exhibit 3.01:

(a) none of the Commitments listed therein has been modified, pledged, assigned or amended, and all of the Commitments are legally valid, binding and
enforceable in accordance with their respective terms and are in full force and effect, except to the extent enforceability is limited by equitable remedies or laws affecting creditors rights generally;

(b) there are no defaults by Seller, to the Commitments listed therein;

(c) Seller has received no notice of any default, offset, counterclaim or defense under any Commitment listed therein;

(d) to the actual knowledge of Seller, no condition or event has occurred which with the passage of time or the giving of notice or both would constitute a default or breach by Seller of the terms of any Commitment
listed therein; and

(e) each Commitment is either cancelable without penalty on not more than ninety (90) days notice or involves
commitment of funds not exceeding $1,000.

8.14 Debit Cards. Exhibit 3.13 attached hereto sets forth an accurate and complete
listing of all debit cards issued on the Transferred Accounts.

ARTICLE IX

PURCHASERS REPRESENTATIONS AND WARRANTIES

The Purchaser represents and warrants
to the Seller as follows:

9.01 Corporate Organization. The Purchaser is a banking corporation duly organized, validly existing and
in good standing under the laws of Alabama.

9.02 Corporate Authority. Subject to regulatory approval, the Purchaser has full
corporate right, power, capacity and authority validly to enter into and to perform this Agreement and the transactions contemplated by this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have been duly and
validly authorized by all requisite corporate action and this Agreement is binding and enforceable against the Purchaser in accordance with its terms (except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization
or other similar laws affecting the enforcement of creditors rights in general and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)).

9.03 No Violations. Subject to the conditions set forth in Article XII below, the execution, delivery and performance of this Agreement and the
transactions contemplated herein do not and will not violate or conflict with the Purchasers Articles of Association, Bylaws or other governing documents or any provision of law to which the Purchaser is subject and do not and will not
conflict with or result in the violation or breach of any material condition or provision of, or constitute a material default under, any material contract, right, lease, pledge, lien, security interest, instrument, indenture, mortgage, charge,
encumbrance, agreement, order, writ, injunction, decree or judgment to which the Purchaser is a party or which is binding on the Purchaser or to which any of the property or assets of Purchaser is subject. Except as set forth in Article XII, no
consent, license, approval or authorization of or designation, declaration or filing with any governmental authority or other person or entity is required on the part of the Purchaser in connection with the execution, delivery or performance of this
Agreement or the consummation of the transactions contemplated herein.



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9.04 Regulatory Approvals. The Purchaser will promptly apply for within 5 business days of
execution of this Agreement and in good faith diligently pursue all required regulatory approvals that it needs to consummate the transactions contemplated hereby.

9.05 Consents of Third Parties. In addition to obtaining the requisite regulatory approvals, the Purchaser shall use all commercially reasonable efforts to obtain and preserve any consents or approvals of third
parties necessary, appropriate or expedient to the consummation of the purchase of the Branch, including, but not limited to, those consents of its lenders.

9.06. Legal Proceedings. Except as set forth in Exhibit 9.06, Purchaser is not a party to any, and there are no pending or, to Purchasers knowledge, threatened, legal, administrative, arbitral or other
proceedings, claims, actions or governmental or regulatory investigations of any nature challenging the validity or propriety of the transactions contemplated by this Agreement.

9.07 Limitations of Warranties. Except as may be expressly represented or warranted in this Agreement or in any document of transfer, the Seller
makes no representations or warranties whatsoever with regard to the Purchaser, any liability or obligation being assumed by the Purchaser or as to any other matter or transaction contemplated by this Agreement.

ARTICLE X

ADDITIONAL UNDERTAKINGS OF SELLER

10.01 Conduct of Business Pending Closing. The Seller agrees that from the date of this Agreement to the Closing Date, it will:

(a) maintain the operations of the Branch as presently conducted, and avoid any act that would materially and adversely affect the amount
or value of the Purchased Assets or the liabilities being assumed;

(b) carry on the business of the Branch substantially in the same
manner as conducted on the date thereof (including interest rates and terms on Loans and deposits), operate the business of the Branch only in the ordinary and usual manner, provide the same services and hours of operation as is now being provided
by such Branch, and use all reasonable efforts to preserve intact its present business organization, to keep available the services of its present employees and to preserve its relations with customers having business dealings with the Branch;

(c) maintain fire, casualty, and extended coverage insurance for the benefit of the Seller and Purchaser, as their interests may appear,
on the Branch and the Purchased Assets in an amount reasonably adequate to cover the replacement costs of the Branch and the Purchased Assets and continue all credit insurance and debt cancellation protection for the benefit of Purchaser with
respect to the Loans;

(d) maintain the Real Property, Furniture, Fixtures and Equipment, and other Purchased Assets in their respective
current conditions;

(e) maintain its books of account and records concerning the Branch in the ordinary and usual manner, in accordance
with generally accepted accounting principles applied on a basis consistent with prior years; and

(f) not take any action which would
cause any representation or warranty made herein to be untrue at the Closing Date.

10.02 Documentation Delivered at Closing and Further
Assurances. At the Closing, the Seller shall transfer, assign and deliver to the Purchaser all original (to the extent these exist and are held by the Seller) and other records, books, papers, documents, instruments, collateral in its possession
and agreements of Seller relating to the Purchased Assets and the liabilities being assumed by the Purchaser hereunder, including but not limited to, signature cards, stop payment orders, contracts, deposit slips, canceled checks, withdrawal orders
and records of accounts which may be requested by the Purchaser prior to Closing. The Seller agrees that it will, at the Closing and at any



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time and from time to time after the Closing, upon the Purchasers request do, execute, acknowledge and deliver, or
cause to be done, executed, acknowledged and delivered, all such further acts, deeds, assignments, transfers, conveyances and assurances as may be required to complete the process of assigning, transferring, granting, conveying, assuring and
confirming to Purchaser, any and all of the Purchased Assets and liabilities purchased and assumed by the Purchaser hereunder and the performance of any or all obligations of the Seller hereunder, including, without limitation, the making of all
filings and recordations at all applicable county courthouses or other locations as may be necessary to transfer and assign the Loans secured by mortgages or similar Liens.

10.04 Notice to Customers of Sale of Branch. To the extent required by law or otherwise agreed upon by the parties, the Seller and the Purchaser
shall jointly notify the customers of the Branch affected by the transaction of the pending transfer of their deposit account, Loan or safe deposit box to the Purchaser.

10.05 Conversion of Transferred Accounts. The Seller agrees to cooperate with the conversion of the customer asset and liability accounts in an orderly and expeditious fashion, and to provide reasonable
appropriate support to the Purchaser for the timely conversion of such accounts, and related data processing, computer, customer research and information conversions.

10.06 Post-Conversion Processing. After conversion of all accounts to Purchasers processing systems, as between Seller and Purchaser, the Seller shall be and have the rights and obligations of a
Collecting Bank or Intermediary Bank under Article 4 of the Uniform Commercial Code as adopted in Alabama (Code of Alabama, 1975, Sections 7-4-101 et. seq.), with respect to items drawn on Transferred Accounts received by it
for processing after the Closing Date. Items received for processing against the Transferred Accounts shall be grouped and delivered to Purchaser within the time limits provided by the Alabama Uniform Commercial Code in a special cash letter
separately identified as Transferred Accounts Cash Letter. The Purchaser shall indemnify the Seller against all claims, suits, damages or losses and expenses (including reasonable attorneys fees) arising after the Closing Date out
of any claim by an owner of a Transferred Account that the Seller is the Payor Bank with respect to such items.

10.07
Diligence and Good Faith. The Seller will diligently and expeditiously:

(a) proceed in good faith in seeking the satisfaction of all
conditions set forth in Article XII below (except the conditions set forth in Section 12.06); and

(b) cooperate in good faith with
the Purchaser in its seeking the satisfaction of all conditions set forth in Article XIII below.

10.08 Indemnity. Seller agrees to
indemnify and hold harmless Purchaser and its officers, directors, employees, affiliates, representatives, successors and assigns (each a Purchaser Indemnitee) against, from and in respect of:

(i) Any damage, expense (including reasonable attorney fees and disbursements) or deficiency resulting from any default, misrepresentation, breach of
warranty, or nonfulfillment of any agreement on the part of Seller under this Agreement or from any material misrepresentation in or omission from any certificate or other instrument furnished or to be furnished to Purchaser pursuant to this
Agreement.

(ii) Any liability of Seller (including, without limitation, any liability pursuant to a debt cancellation agreement entered
into by Seller) except the Assumed Liabilities.

(iii) Any and all expenses (including reasonable attorney fees), obligations, assessments,
suits, actions, proceedings, claims or demands resulting from or in connection with any claim, liability, or obligation asserted against any Purchaser Indemnitee arising out of Sellers operations or arising out of Sellers ownership of
the Branch. Seller agrees promptly to advance to any Purchaser Indemnitee, on demand, any expenses, attorneys fees and disbursements incurred by any Purchaser Indemnitee, in respect of any liability, obligation, or claim to which the foregoing
indemnity by Seller relates.

10.09 Indemnity Claims. If any Purchaser Indemnitee desires to make a claim under Section 10.08
hereof which does not involve a claim by any person other than the Purchaser Indemnitee, then such Purchaser Indemnitee



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shall make such claim by promptly delivering written notice to the Seller. If any Purchaser Indemnitee desires to make a
claim against Seller under Section 10.08 hereof which involves a claim by a person other than the Purchaser Indemnitee, then the Purchaser Indemnitee, upon receipt of written notice of any claim or the service of a summons, or other initial
legal process upon it in any action instituted against it, in respect of which indemnity may be sought on account of any indemnity agreement contained in Section 10.08 (an Asserted Liability), shall promptly give notice (a
Claims Notice) of such claim or the commencement of such action, or threat thereof, to the Seller. If a Claims Notice is not provided promptly as required by this Section 10.09, the Purchaser Indemnitee nonetheless shall be
entitled to indemnification by the Seller to the extent that the Seller has not established that it has been materially prejudiced by such late receipt of the Claims Notice. The Seller shall be entitled at its own expense to participate in the
defense of such claim or action, or, if it shall so elect, to assume the defense of such claim or action, in which case the defense shall be conducted by counsel reasonably acceptable to the Purchaser Indemnitee and such assumption shall constitute
an acknowledgement by the Seller of its obligations to indemnify the Purchaser Indemnitee with respect to such Asserted Liability, and such Purchaser Indemnitee shall bear the fees and expenses of any additional counsel retained by it; provided,
however, if the Seller shall elect not to assume the defense of such claim or action, the Seller shall reimburse the Purchaser Indemnitee for the reasonable fees and expenses of any counsel retained by it. Notwithstanding the above, should the
Purchaser Indemnitee reasonably conclude that there may be defenses available to it which are different from or additional to those available to the Seller, the Seller shall not have the right to direct the defense of such action on behalf of the
Purchaser Indemnitee and all such fees and expenses of the Purchaser Indemnitee shall be borne by the Seller. The Claims Notice may be amended on one or more occasions with respect to the amount of the Asserted Liability at any time prior to final
resolution of the obligation to indemnify relating to the Asserted Liability. The Seller shall not, without the written consent of the Purchaser Indemnitee, settle or compromise any such claim or consent to the entry of any judgment which does not
include any unconditional term releasing the Indemnified Party from all liability in respect of such Asserted Liability.

ARTICLE XI

ADDITIONAL UNDERTAKINGS OF PURCHASER

11.01 Purchasers Contact with Customers. The Purchaser and the Seller, as and to the extent provided in Section 10.04, may jointly notify the customers of the Branch of the pending transfer of their deposit account, Loan
or safe deposit box to the Purchaser. The Purchaser agrees that any notices, letters or other material which the Purchaser wishes to send or give to customers of the Branch prior to Closing shall be approved by the Seller in advance, which approval
shall not be unreasonably withheld. The Purchaser shall also provide all customers holding Transferred Accounts all necessary checkbooks, check order forms, passbooks, loan coupon books and other materials bearing the name of the Purchaser which
shall be available for use by customers of the Branch promptly after the Closing. The Purchaser shall also direct each transferring customer that, effective as of Closing, such customers should no longer use and should destroy all checkbooks and
check order forms of the Seller pertaining to accounts at the Branch transferred to the Seller. Except, and only to the extent and manner specifically permitted hereby, the Purchaser shall not contact, or solicit the Loan and deposit business of any
customers of the Branch prior to the Closing.

11.02 Safe Deposit Box and Night Depository Business. The Purchaser shall assume and
discharge from and after the Closing Date, the duties and obligations of the Seller with respect to the Branchs safe deposit box and night depository business. The Purchaser shall maintain all necessary facilities for the use of such boxes by
the renters thereof and night deposit facilities by the users thereof, during the period for which such persons have paid rent therefor in advance to the Seller, subject to the provisions of the written rental and night depository agreements between
the Seller and the respective renters of such boxes or users of such night depository facilities delivered to the Purchaser.

11.03 Use
of Names, Trademarks, Etc. The Purchaser will not, upon and after the Closing Date, use the name Community Bank or any of the Sellers trade names, trademarks or service marks.

11.04 Diligence and Good Faith. The Purchaser will diligently and expeditiously:

(a) proceed in good faith in seeking the satisfaction of all conditions set forth in Section 12.06 and in Article XIII below; and



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(b) cooperate in good faith with the Seller in its seeking the satisfaction of all conditions set forth
in Article XII below (except those conditions set forth in Section 12.06).

11.05 Indemnity. Purchaser agrees to indemnify and
hold harmless Seller and its officers, directors, employees, affiliates, and assigns (each a Seller Indemnitee) against, from and in respect of:

(i) Any damage, expense or deficiency resulting from any default, misrepresentation, breach of warranty, or nonfulfillment of any agreement on the part of Purchaser under this Agreement or from any material
misrepresentation in or omission from any certificate or other instrument furnished or to be furnished to Seller pursuant to this Agreement.

(ii) Any and all expenses (including reasonable attorney fees), obligations, assessments, suits, actions, proceedings, claims or demands resulting from or in connection with any claim, liability, or obligation asserted against any Seller
Indemnitee arising out of Purchasers operations or arising out of Purchasers ownership of the Branch after the Closing Date. Purchaser agrees promptly to advance to any Seller Indemnitee, on demand, any expenses, attorneys fees and
disbursements incurred by any Seller Indemnitee, in respect of any liability, obligation, or claim to which the foregoing indemnity by Purchaser relates.

11.06 Indemnity Claims. If any Seller Indemnitee desires to make a claim under Section 11.05 hereof which does not involve a claim by any person other than the Seller Indemnitee, then such Seller
Indemnitee shall make such claim by promptly delivering written notice to the Purchaser. If any Seller Indemnitee desires to make a claim against Purchaser under Section 11.05 hereof which involves a claim by a person other than the Seller
Indemnitee, then the Seller Indemnitee, upon receipt of written notice of any claim or the service of a summons, or other initial legal process upon it in any action instituted against it, in respect of which indemnity may be sought on account of
any indemnity agreement contained in Section 11.05 (an Asserted Liability), shall promptly give notice (a Claims Notice) of such claim or the commencement of such action, or threat thereof, to the
Purchaser. If a Claims Notice is not provided promptly as required by this Section 11.06, the Seller Indemnitee nonetheless shall be entitled to indemnification by the Purchaser to the extent that the Purchaser has not established that it has
been materially prejudiced by such late receipt of the Claims Notice. The Purchaser shall be entitled at its own expense to participate in the defense of such claim or action, or, if it shall so elect, to assume the defense of such claim or action,
in which case the defense shall be conducted by counsel reasonably acceptable to the Seller Indemnitee and such assumption shall constitute an acknowledgement by the Purchaser of its obligations to indemnify the Seller Indemnitee with respect to
such Asserted Liability, and such Seller Indemnitee shall bear the fees and expenses of any additional counsel retained by it; provided, however, if the Purchaser shall elect not to assume the defense of such claim or action, the Purchaser
shall reimburse the Seller Indemnitee for the reasonable fees and expenses of any counsel retained by it. Notwithstanding the above, should the Seller Indemnitee reasonably conclude that there may be defenses available to it which are different from
or additional to those available to the Purchaser, the Purchaser shall not have the right to direct the defense of such action on behalf of the Seller Indemnitee and all such fees and expenses of the Seller Indemnitee shall be borne by the
Purchaser. The Claims Notice may be amended on one or more occasions with respect to the amount of the Asserted Liability at any time prior to final resolution of the obligation to indemnify relating to the Asserted Liability. The Purchaser shall
not, without the written consent of the Seller Indemnitee, settle or compromise any such claim or consent to the entry of any judgment which does not include any unconditional term releasing the Indemnified Party from all liability in respect of
such Asserted Liability.

ARTICLE XII

CONDITIONS PRECEDENT TO THE PURCHASERS OBLIGATIONS

The obligations of the Purchaser to close under this Agreement shall be subject to the
following conditions (all or any of which, except the conditions of Section 12.06, may be waived in whole or in part by the Purchaser to the extent permitted by law):

12.01 Representations and Warranties True. The representations and warranties made by Seller in this Agreement shall have been true and correct when made and shall be true and correct on and as of the Closing
Date with the same force and effect as though such representations and warranties had been made on and as of such date.



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12.02 Obligations Performed. The Seller shall have performed all covenants and obligations and
complied with all conditions required by this Agreement to be performed or complied with by it on or before the Closing Date.

12.03
Certificate of Compliance; Secretarys Certificate. The Seller shall have executed and delivered to the Purchaser a certificate substantially in the form and substance as attached hereto as Exhibit 12.03, dated as of the Closing Date. At
the Closing, Seller shall provide Purchaser with a certificate of the secretary of the Seller, dated as of the Closing Date, certifying the resolutions of the Sellers Board of Directors, or its Executive Committee, approving the sale of the
assets and the assumption of the liabilities contemplated by this Agreement, certifying and attaching the Bylaws and Charter of the Seller, and also certifying the authenticity of the signatures of officers of Seller.

12.04 No Adverse Litigation. No action, suit, proceeding or Litigation shall have been instituted or threatened against the Seller or the
Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of this Agreement or the consummation of the transactions contemplated hereby which in the opinion of the Purchaser makes it inadvisable
to proceed to Closing under this Agreement.

12.05 Opinion of Counsel. The Purchaser shall have received an opinion of counsel for
the Seller, dated the Closing Date, in substantially the same form and substance as the opinion attached hereto as Exhibit 12.05.

12.06
Regulatory Approvals. The Purchaser shall have obtained, at its expense, from all necessary governmental and regulatory authorities, all necessary consents to and authorizations and approvals of this Agreement and the transactions
contemplated by this Agreement and the related transfers of ownership and control of all licenses, permits or other governmental authorizations necessary to carry on all aspects of the business of the Branch, and the Seller shall have obtained any
consents and approvals required hereby.

12.07 Title Insurance. Purchaser shall have obtained at its own cost and expense such
owners and leasehold policies of title insurance as it shall desire, free of any exception or other qualification other than standard exceptions and exclusions.

12.08 Exhibits and Schedules. Seller shall deliver to Purchaser prior to the Closing Date all schedules and exhibits required to be delivered by Seller hereunder (including all exhibits required by Article VIII
hereof) in form and substance reasonably acceptable to Purchaser.

ARTICLE XIII

CONDITIONS PRECEDENT TO THE SELLERS OBLIGATIONS

The obligations of the Seller
to close under this Agreement shall be subject to the following conditions (all or any of which may be waived, in whole or in part, by the Seller to the extent permitted by law):

13.01 Representations and Warranties True. The representations and warranties made by the Purchaser in this Agreement shall have been true and
correct when made and shall be true and correct on and as of the Closing Date with the same force and effect as though such representations and warranties had been made on and as of such date.

13.02 Obligations Performed. The Purchaser shall have performed all covenants and obligations and complied with all conditions required by this
Agreement to be performed or complied with by the Purchaser on or before the Closing Date.

13.03 Certificate of Compliance;
Secretarys Certificate. The Purchaser shall have executed and delivered to the Seller a certificate in substantially the same form and substance as the one attached hereto as Exhibit 13.03, dated as of the Closing Date. At the Closing,
Purchaser shall provide Seller with a certificate of the secretary



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of the Purchaser, dated as of the Closing Date, certifying the resolutions of the Purchasers Board of Directors, or
its Executive Committee, approving the purchase of the assets and the assumption of the liabilities contemplated by this Agreement, certifying and attaching the Bylaws and Charter of the Purchaser, and also certifying the authenticity of the
signatures of officers of Purchaser.

13.04 No Adverse Litigation. No action, suit or proceeding shall have been instituted or
threatened against the Seller, or the Purchaser by or before any court or governmental agency to restrain or prohibit, or to obtain damages in respect of, this Agreement or the consummation of the transactions contemplated hereby which in the
opinion of Seller makes it inadvisable to proceed to Closing under this Agreement.

13.05 Opinion of Counsel. The Seller shall have
received an opinion of counsel for the Purchaser dated the date of Closing, in substantially the form attached hereto as Exhibit 13.05.

13.06 Approvals. The Purchaser shall have obtained the approvals referenced in Section 12.06 and the Seller shall have obtained any consents and approvals required hereby.

ARTICLE XIV

CLOSING

14.01 Time and Place. Subject to the terms and conditions of this Agreement, the closing (the Closing) will take place at a time and
place to be specified by Purchaser which shall be no later than five (5) business days after the satisfaction or waiver (subject to applicable law) of the latest to occur of the conditions set forth in Section 12.06 and Section 12.07
of this Agreement, unless extended by mutual agreement of the parties. The Purchaser and Seller shall use their respective best efforts to cause the Closing to occur on or before June 30, 2006.

ARTICLE XV

TERMINATION

15.01 Methods of Termination. This Agreement may be terminated as follows:

(a) at any time by the mutual written consent of the Purchaser and the Seller;

(b) by the Purchaser in writing at any time that it determines in good faith that the conditions set forth in Article XII of this Agreement will not be
met by June 30, 2006;

(c) by the Seller in writing at any time that it determines in good faith that the conditions set forth in
Article XIII of this Agreement will not be met by June 30, 2006;

(d) by the Seller or the Purchaser in writing at any time after any
of the regulatory authorities has denied any application of the other party for approval of the transactions contemplated herein;

(e) by
the Purchaser or the Seller if the Closing shall not have occurred on or prior to June 30, 2006, unless the failure of such occurrence is due to the failure of the party seeking termination failing to perform or observe any of its agreements
and conditions set forth herein.

(f) any time on or prior to the Closing Date, by Purchaser or Seller in writing if the other shall have
been in breach of any representation and warranty in any material respect (as if such representation and warranty had been made on and as of the date hereof and on the date of the notice of breach referred to below), or in breach of any covenant,
undertaking or obligation contained herein, and such breach has not been cured by the earlier of 30 days after the giving of notice to the breaching party of such breach or the Closing Date.



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15.02 Procedure Upon Termination. In the event of termination pursuant to Section 15.01
hereof, written notice thereof shall forthwith be given to the other party in accordance with Section 17.08 of this Agreement, and this Agreement shall terminate immediately unless an extension is consented to by the party having the right to
terminate. If this Agreement is terminated as provided herein:

(a) each party will return all documents, work papers and other materials
and information of the other party relating to this transaction, whether obtained before or after the execution hereof, to the party furnishing the same;

(b) all information received by either party hereto with respect to the business of the other party (other than information which is a matter of public knowledge or which has heretofore been or hereafter published in
any publication for public distribution or filed as public information with any governmental authority) shall not at any time be used for any business purpose by such party or disclosed or delivered by such party to third persons; and

(c) If the termination is due to a failure or breach on the part of the Purchaser, the Purchaser shall immediately pay the Seller 50% of the total out of
pocket costs expended for notices to customers and joint mailings as provided in section 10.04, as approved at such time.

ARTICLE XVI

MUTUAL COVENANTS AND AGREEMENTS

16.01 Cooperation. Subject to the terms and conditions hereof, each party hereto agrees promptly to take, or cause to be taken, all commercially reasonable actions and to do or cause to be done, all things reasonably necessary,
proper or advisable under applicable laws and regulations, or otherwise, including, without limitation, attempting to obtain all necessary consents, waivers and regulatory approvals, to consummate and make effective at the earliest practicable time,
the transactions contemplated by this Agreement. The officers and employees of each party shall fully cooperate with officers and employees, accountants, counsel and other representatives of the other in all matters contemplated by this Agreement.

16.02 No Solicitation of Employees. For a period of two (2) years following the later of the date of this Agreement or the
Closing Date, Seller and Purchaser agree that they will not solicit for hire any employee of the other party, except that nothing in this Agreement shall prevent Purchaser from hiring those employees of Seller associated with the Branch.

16.03 Non-Competition. The parties acknowledge and agree that Seller covenants and agrees that it shall not enter into the banking business in
Marengo County, Alabama for a period of five (5) years from the date of Closing, and agrees not to solicit any business from the current Community Bank Demopolis customers, or use any information concerning said customers in any shape, form or
fashion, directly or indirectly, and shall not attempt to induce any customers into a banking relationship with another bank for a period of five (5) years in Marengo County, Alabama. However, nothing in the foregoing sentence shall prohibit
Sellers branch in Uniontown, Alabama from continuing its existing relationship with its Marengo County customers or from establishing new customer relationships with residents of Marengo County, and nothing in the preceding sentence shall
prevent Seller from general advertising in the Uniontown market area (which includes part of Marengo County) not targeted to specific individuals.

ARTICLE XVII

MISCELLANEOUS

17.01 Modifications and Waivers. This Agreement may not be modified except by an instrument in writing duly executed by the parties. Any waiver of any term of this Agreement must be in writing.

17.02 No Brokers or Finders. The Purchaser and the Seller each represent and warrant to each other that no broker or finder has been employed by
or has acted for it in connection with this Agreement or the transactions contemplated hereby, and each party agrees to indemnify the other against all losses, costs, damages or expenses arising out of claims for fees or commissions of brokers or
finders alleged to have been employed or engaged by such party.



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17.03 Survival of Representations and Warranties. All representations and warranties contained
herein and in any written agreement or instrument delivered or executed in connection herewith are true at and as of the times provided herein, and all of which will survive the execution and delivery of this Agreement, any examination on behalf of
any party hereto, and the consummation of all transactions contemplated herein.

17.04 Binding Effect. All terms of this Agreement
shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.

17.05
Counterparts. This Agreement is being executed simultaneously in two or more identical counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

17.06 Expenses. Each party shall bear its own expenses incurred in connection with this Agreement and all transactions contemplated herein.

17.07 Notices and Primary Contact Personnel. All notices, requests, demands and other communications hereunder shall be in writing
and shall be deemed to have been duly given if delivered by hand, overnight courier or if mailed, postage prepaid, by United States first class mail, or facsimile transmission to the other party at its address shown on Exhibit 17.07 hereto. The
parties hereto, as a matter of convenience, are designating primary contact personnel on Exhibit 17.07, and each party may contact such persons in day-to-day, routine dealings with the other party leading up to and following the Closing.

17.08 Publicity. The Purchaser and the Seller shall cooperate with each other as to the content and timing of public and customer filings,
publicity, press releases and announcements concerning this Agreement, and all transactions contemplated hereby, and prior to releasing any such information each party will send such material to the other party for its review and consent, which
consent may not be withheld unreasonably.

17.09 Time of the Essence. The parties hereto acknowledge that time is of the essence
with respect to the performance of this Agreement and the consummation of the transactions contemplated herein in accordance with the terms hereof.

17.10 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Alabama applicable to contracts made and to be performed wholly within such state.

17.11 Cover, Index and Headings, Etc. The cover, index and headings contained in this Agreement are for convenience of reference only and shall
not affect the meaning or interpretation hereof. The use of the singular in this Agreement shall be deemed to be or include the plural (and vice versa), whenever appropriate. The words include, including and similar phrases
shall mean including, without limitation, by enumeration or otherwise.

17.12 Severability. If any provision of this Agreement is
determined by a court of competent jurisdiction to be invalid or unenforceable, the balance of this Agreement shall remain in full force and effect except to the extent otherwise agreed by the parties in writing.

17.13 Entire Agreement. This Agreement including any exhibits hereto, represent the entire agreement of the parties relating to the subject matter
hereof. All prior negotiations and understandings between the parties are merged into this Agreement and there are no understandings or agreements other than those incorporated herein.

17.14 Arbitration. All disputes arising or otherwise under this Agreement shall be resolved first by the senior executive officers of each party,
and if they cannot resolve such disputes within 30 days, then by each partys chief executive officers and if such chief executive officers cannot resolve such dispute within 30 days, then by arbitration in accordance with the Commercial
Arbitration Rules of the American Arbitration Association. Arbitration shall be by a single arbitrator experienced in the matters at issue and selected by Seller and Purchaser in accordance with the Commercial Arbitration Rules of the American
Arbitration Association. The arbitration shall be



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held in such place in Birmingham, Alabama as may be specified by the arbitrator (or any place agreed to by Seller and
Purchaser). The decision of the arbitrator shall be final and binding as to any matters submitted under this Section 17.14; provided, however, if necessary, such decision and satisfaction procedure may be enforced by either Seller or
Purchaser in any court of record having jurisdiction over the subject matter or over any of the parties to this Agreement. All costs and expenses incurred in connection with any such arbitration proceeding (including reasonable attorneys fees)
shall be borne by the party against which the decision is rendered, or, if no decision is rendered, such costs and expenses shall be borne equally by the Seller and Purchaser. If the arbitrators decision is a compromise, the determination of
which party or parties bears the costs and expenses incurred in connection with any such arbitration proceeding shall be made by the arbitrator on the basis of the arbitrators assessment of the relative merits of the parties positions.

[ Signatures on Next Page ]



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IN WITNESS WHEREOF, Purchaser and Seller have caused this Agreement to be executed by their respective
duly authorized officers and their respective corporate seals to be affixed hereto as of the day and year first above written.



|                             |  |                           |  |                        
|---------------------------- |  | ------------------------- |  | -----------------------
|                             |  | ROBERTSON BANKING COMPANY
|                             |  |                          
|                             |  | By:                       |  | /s/ Albert H. Garrett  
|                             |  | Its:                      |  | President/CEO          
|                             |  |                          
|ATTEST:                      |  |                           |  |                        
|                             |  |                          
|/s/ R.A. Pritchett           |  |                           |  |                        
|Its Executive Vice President |  |                           |  |                        
|                             |  |                          
|[CORPORATE SEAL]             |  |                           |  |                        
|                             | 
|                             |  | COMMUNITY BANK           
|                             |  |                          
|                             |  | By:                       |  | /s/ John W. Brothers   
|                             |  | Its:                      |  | Chief Operating Officer
|                             |  |                          
|ATTEST:                      |  |                           |  |                        
|                             |  |                          
|/s/ William Caughran         |  |                           |  |                        
|Its Secretary                |  |                           |  |                        
|                             |  |                          
|[CORPORATE SEAL]             |  |                           |  |                        



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|                      |  |  
|--------------------- |  | -
|STATE OF ALABAMA    ) |  |  
|                      |  | )
|MARENGO COUNTY        |  | )

I, Brenda Phillips, a Notary Public in and for said county in said state hereby certify that Albert H.
Garrett as President/CEO and R.A. Pritchett as Exec. Vice President of Robertson Banking Company, whose names are signed to the foregoing agreement, and who are known to me, acknowledged before me on this day that being
informed of the contents of this agreement, they, as such officers and with full authority, executed the same voluntarily for and as the act of said corporation.

Given under my hand and seal this 23rd day of March, 2006.



/s/ Brenda PhillipsNotary PublicMy Commission expires: March 8, 2008


[NOTARIAL SEAL]



|                      |  |  
|--------------------- |  | -
|STATE OF ALABAMA    ) |  |  
|                      |  | )
|BLOUNT COUNTY         |  | )

I, Carol S. Murcks, a Notary Public in and for said county in said state hereby certify that John W.
Brothers as Chief Operating Officer and William Caughran as Secretary of Community Bank, whose names are signed to the foregoing agreement, and who are known to me, acknowledged before me on this day that being informed of
the contents of this agreement, they, as such officers and with full authority, executed the same voluntarily for and as the act of said corporation.

Given under my hand and seal this 23rd day of March, 2006.



/s/ Carol S. MurcksNotary PublicMy Commission expires: October 3, 2006


[NOTARIAL SEAL]