SETTLEMENT AND RELEASE AGREEMENT 

This Settlement and Release Agreement ("Agreement") is made by, between, and among 

the following undersigned parties: 

The Plaintiff Federal Deposit Insurance Corporation as Receiver for Century Security 

Bank ("FDIC-R"), and Defendants Gary K. McClung, Michelle R. Prater, Nicholas Ceto Jr., 

Spencer G. Chang, Alicia T. Chau, and Robert Y. Lee (collectively the "Settling Defendants") 

(individually, the FDIC-R and the Settling Defendants may be referred to herein as "Party" and 

collectively as the "Parties"). 

RECITALS 

WHEREAS: 

Prior to March 19, 2010, Century Security Bank ("Bank") was a depository institution 

organized and existing under the laws of Georgia. 

On March 19,2010, the Georgia Department of Banking and Finance closed the Bank 

and pursuant to 12 U.S.C. § 182l(c), the Federal Deposit Insurance Corporation was appointed 

Receiver. In accordance with 12 U.S.C. § 182l(d), the FDIC-R succeeded to all rights, titles, 

powers and privileges of the Bank, including those with respect to its assets. 

Among the assets to which the FDIC-R succeeded were all of the Bank's potential 

claims, demands, and causes of action against its former directors, officers, and employees 

arising from the performance, nonperformance, and manner of perfonnance of their respective 

functions, duties and acts as directors, officers, and employees of the Bank; 

On March 14, 2014, the FDIC-R filed a complaint for money damages against the 

Settling Defendants, each of whom served at various times as a director and/or officer of the 

Bank. Those claims for damages are now pending in the United States District Court for the 

Northern District of Georgia in FDIC as Receiver for Century Security Bank v. McClung, et al, 

Case No. 1:14-cv-00763-LMM ("D&O Action"). 

The undersigned Parties deem it in their best interests to enter into this Agreement to 

avoid the uncertainty and expense of further litigation. 
NOW, THEREFORE, in consideration of the promises, undertakings, payments, and 

releases stated herein, the sufficiency of which consideration is hereby acknowledged, the 

undersigned Parties agree, each with the other, as follows: 

SECTION 1: Payment to FDIC-R 

A. As an essential covenant and condition to this Agreement, on or before thirty (30) 

calendar days following counsel for the Settling Defendants' receipt of this Agreement signed by 

all the undersigned Parties, the Settling Defendants agree to pay or cause to be paid to the FDICR the sum of$1,550,000.00 ("the Settlement Payment"). 

B. The Settling Defendants shall deliver or cause the delivery of the Settlement 

Payment to the FDIC-R by direct wire transfer into an account designated by FDIC-R. The 

transfer should be made to: 

BANK: Federal Home Loan Bank ofNew York 

(b)(4) ROUTING#:I··· I 

FOR CREDIT TO: FDIC National Liquidation Account 

(b)(4) H •• ACCOUNT#;I·H···· I 

New York Main Office 

101 Park A venue 

New York, NY 10178-0599 

212-681-6000 

212-441-6890 Fax 

OTHER BENEFICIARY INFORMATION (OBI): 

1. FDIC as Receiver of Century Security Bank, Financial Institution No. 10198 

(b)(S)H 2. Assetnumberifavailable:l I 

3. D&O Settlement FDIC-R Century Security Bank v. McClung, et al, No. 1:14-cv-00763-LMM 

(N.D. Ga.) 

In the event that the Settlement Payment is not delivered to the FDIC-R (or its counsel) 

on or before the date determined by subsection A above, interest shall accrue on all unpaid 

amounts at the rate of 5% per annum from the 3151 day after execution of the Agreement until the 

date of payment. 

C. If the FDIC-R does not receive the Settlement Payment in full on or before the 

date determined by subsection A above, then the FDIC-R, in its sole discretion, shall have the 

5 
right at any time prior to receipt of the Settlement Payment in full (including all accrued interest) 

to: 

l. Extend the period of time for the Settlement Payment, including interest 

accruing from the date determined by subsection A above, through the date of payment at a rate 

calculated in accordance with 26 U.S.C. § 6621(a)(2); or 

2. Enforce this Agreement, in which event the Settling Defendants agree to 

jurisdiction in United States District Court for the Northern District of Georgia and to pay all of 

the FDIC~R's reasonable attorney's fees and costs expended in enforcing the terms of this 

Agreement; or 

3. Terminate the Agreement, move to vacate any dismissal order, to which 

the Settling Defendants agree to consent, and re~institute an action on the FDIC~R's claims. The 

Settling Defendants and Insurer further agree to waive any defense based on any statute of 

limitations that would bar any of the FDIC-R's claims and waive all objections, defenses, claims 

or counterclaims, and covenant and agree not to assert any objections, defenses, claims or 

counterclaims that did not exist or were otherwise unavailable as of the date this Agreement was 

fully executed; and/or 

4. Seek any other relief available to it in law or equity. 

Any extension of time under Section I.C.l for delivery of the Settlement Payment or 

acceptance of a portion of the Settlement Payment shall not prejudice the FDIC-R's rights to take 

any of the actions set forth in Section I.C.2 through I.C.4 at any time prior to receipt of 

Settlement Payment (including all accrued interest) in full. 

SECTION II: Stipulation and Dismissal 

Within ten business days after the latter of ( 1) full execution of this Agreement by all of 

the Parties, and (2) receipt ofthe Settlement Payment, plus any accrued interest, the FDIC-R 

shall file a notice of stipulation of dismissal, in the form attached hereto as Exhibit A, in the 

D&OAction. 

5 
SECTION Ill: Releases 

A. The FDIC-R's Releases. 

Upon receipt of the Settlement Payment in full and except as provided in Sections Ill. C. 

and D. below, the FDIC-R, for itself and its successors and assigns, hereby releases and 

discharges the Settling Defendants and their respective heirs, executors, trustees, administrators, 

representatives, insurers, successors, and assigns, from any and all claims, demands, obligations, 

damages, actions, and causes of action, direct or indirect, in law or in equity, belonging to the 

FDIC-R, that arise from or relate to, the performance, nonperformance, or manner of 

perfonnance of the Settling Defendants' respective functions, duties and actions as officers 

and/or directors of the Bank including without limitation the causes of action alleged in the 

D&OAction. 

B. The Settling Defendants' Release. 

Effective simultaneously with the release granted in Section III.A. above, the Settling 

Defendants, on behalf of themselves individually, and their respective heirs, executors, trustees, 

administrators, agents, representatives, insurers, attorneys, successors, and assigns, hereby 

release and discharge the FDIC-R, and its employees, officers, directors, representatives, 

attorneys, successors and assigns, from any and all claims, demands, obligations, damages, 

actions, and causes of action, direct or indirect, in law or in equity, that arise from or relate to, 

the Bank or to the performance, nonperformance, or manner of performance of the Settling 

Defendants' respective functions, duties and actions as officers and/or directors of the Bank 

including without limitation the causes of action alleged in the D&O Action. 

C. Exceptions from Releases by FDIC-R. 

I. Notwithstanding any other provision of this Agreement, the FDIC-R does 

not release, and expressly preserves fully and to the same extent as if this Agreement had not 

been executed, any claims or causes of action: 

a. Against the Settling Defendants or any other person or entity for 

liability, if any, incurred as the maker, endorser or guarantor of any promissory note or 

5 
indebtedness payable or owed by them to FDIC-R, the Bank, other financial institutions, or any 

other person or entity, including without limitation any such claims acquired by FDIC-R as 

successor in interest to the Bank or any person or entity other than Bank; and 

b. Against any person or entity not expressly released by the FDIC-R 

in this Agreement. 

2. Notwithstanding any other provision of this Agreement, nothing in this 

Agreement shall be construed or interpreted as limiting, waiving, releasing, or compromising the 

jurisdiction and authority of the Federal Deposit Insurance Corporation in the exercise of its 

supervisory or regulatory authority or to diminish its ability to institute administrative 

enforcement or other proceedings seeking removal, prohibition, or any other relief it is 

authorized to seek pursuant to its supervisory or regulatory authority against any person. 

3. Notwithstanding any other provision of this Agreement, this Agreement 

does not purport to waive, or intend to waive, any claims that could be brought by the United 

States through the Department of Justice, the United States Attorney's Office for any federal 

judicial district, or any other department or agency of the United States as defined by 18 U.S.C. § 

6. In addition, the FDIC-R specifically reserves the right to seek court-ordered restitution 

pursuant to the relevant provisions of the Mandatory Victims Restitution Act, 18 U.S.C. §§ 3322 

and 3663 et ~. if appropriate. 

D. Express Reservation of Rights Relating to Financial Institution Bond. 

1. Notwithstanding any other provision of this Agreement, nothing in this 

Agreement shall release or prejudice the rights of St. Paul Mercury Insurance Company or any 

other underwriter of any financial institution bond, fidelity bond, or banker's blanket bond on 

which the Bank is an insured, to bring any claims by way of subrogation to the claims of the 

FDIC-R, against (a) any directors, officers, or employees of the Bank, including but not limited 

to the Settling Defendants, in their capacities as directors, officers, or employees of the Bank or 

in any other capacity, or (b) any other individual or entity. 

2. Nothing herein shall be construed to admit the existence of, or to establish, 

5 
any claim or cause of action on the part of St. Paul Mercury Insurance Company or any other 

bond underwriter by way of subrogation to claims of the FDIC-R that would not exist had this 

Agreement not been executed. 

3. Nothing in this Agreement, including Section liLA. above, shall release or 

prejudice the rights of the FDIC-R, St. Paul Mercury Insurance Company or any other insurer or 

entity with respect to the fidelity bond claim set forth in a notice dated May 12, 2008, and a 

proof ofloss submitted on or about August 11, 2010, under St. Paul Mercury Insurance 

(b)( 4) Company FinanciallnstitutionBondsNo;l ·· Iandi ~ffeetiveFebruary22, Cl:>J(4.J 

2007. Nothing in this paragraph shall be construed as an admission of liability of any of the 

Settling Defendants, or of the viability of any potential claims asserted in the fidelity bond claim. 

SECTION IV: Waiver of Dividends and Proceeds from Litigation 

To the extent, if any, that Settling Defendants are or were shareholders of the Bank or its 

holding company and by virtue thereof are or may be entitled to a dividend, payment, or other 

distribution upon resolution of the receivership of the Bank or proceeds in any litigation that has 

been or could be brought against the Federal Deposit Insurance Corporation in any capacity or 

against the United States based on or arising out of, in whole or in part, the closing of the Bank, 

or any alleged acts or omissions by the Federal Deposit Insurance Corporation in any capacity, 

the United States government, or any agency or department of the United States government in 

connection with the Bank, its conservatorship, or receivership, Settling Defendants hereby 

knowingly assign to the FDIC-R any and all rights, titles, and interest in and to any and all such 

dividends, payments, or other distributions, or proceeds. 

SECTION V: Representations and Acknowledgements 

A. Authorized Signatories. All of the undersigned persons represent and warrant that 

they are Parties hereto or are authorized to sign this Agreement on behalf of the respective Party, 

and that they have the full power and authority to bind such Party to each and every provision of 

this Agreement. This Agreement shall be binding upon and inure to the benefit of the 

undersigned Parties and their respective heirs, executors, trustees, administrators, representatives, 

5 
successors and assigns. 

B. Advice of Counsel. Each Party hereby acknowledges that he, she, or it: (1) has 

consulted with and obtained the advice of counsel of their choice prior to executing this 

Agreement; (2) has had this Agreement explained to that Party by his, her or its counsel; and (3) 

is fully satisfied with the legal representation furnished to him, her or it by respective counsel. 

C. Financial Disclosure Representation. Each Settling Defendant has submitted 

financial information to the FDIC-R including personal fmancial statements and herein affirms 

that his/her financial information was true and accurate as of the date of its submission. Each 

Settling Defendant expressly acknowledges that, in determining to settle the claims released 

herein, the FDIC-R has reasonably and justifiably relied upon the accuracy of the fmancial 

information submitted by the Settling Defendants. The FDIC-R has no obligation to 

independently verify the completeness or accuracy of that financial information. If the FDIC-R 

establishes via a final adjudication in an appropriate judicial forum that a Settling Defendant 

failed to disclose any material interest, legal, equitable, or beneficial, in any asset, that Settling 

Defendant agrees to cooperate fully with the FDIC-R to provide updated financial information 

and to pay to the FDIC-R the lesser of ( l) the value of the Settling Defendant's undisclosed 

material interest in such asset(s); or (2) the amount of unpaid damages alleged against that 

Settling Defendant. 

SECTION VI: Reasonable Cooperation 

A. The Parties agree to cooperate in good faith to effectuate all the terms and 

conditions of this Agreement, including doing, or causing their agents and attorneys to do, 

whatever is reasonably necessary to effectuate the signing, delivery, execution, filing, recording, 

and entry, of any documents necessary to conclude the D&O Action, and to otherwise perform 

the terms of this Agreement. 

B. The Settling Defendants agree to reasonably cooperate fully with the FDIC-R in 

connection with any action required under this Agreement. Such cooperation shall consist of: 

l . Producing all documents requested in writing by the FDIC-R, without the 

5 
necessity of subpoena, as determined by the FDIC~R, in its sole discretion, to be relevant to the 

Bank; 

2. Appearing as requested by the FDIC~R at reasonable times and places for 

interviews regarding facts, as determined by the FDIC-R in its sole discretion, to be relevant to 

the Bank; 

3. Testifying as requested by the FDIC-R, without the necessity of a 

subpoena, in any matter relevant to the Bank, as detennined by the FDIC~R; 

4. Signing truthful affidavits, regarding any matter, as determined by the 

FDIC-R in its sole discretion, to be relevant to the Bank. 

C. The cooperation described in Sections VI.A and VI.B is not, and should not be 

construed to be, a waiver of any right or privilege the Settling Defendants may have under the 

Constitutions and Laws of the United States and the State of Georgia. 

SECTION VII: Other Matters 

A. No Admission of Liability. The undersigned Parties each acknowledge and agree 

that the matters set forth in this Agreement constitute the settlement and compromise of disputed 

claims and defenses, that this Agreement is not an admission or evidence of liability or infirmity 

by any of them regarding any claim or defense, and that the Agreement shall not be offered or 

received in evidence by or against any Party or any released party except to enforce its terms. 

The Settling Defendants expressly deny any liability regarding the FDIC-R's claims. 

B. Execution in Counterparts. This Agreement may be executed in counterparts by 

one or more of the Parties and all such counterparts when so executed shall together constitute 

the final Agreement, as if one document had been signed by all Parties; and each such 

counterpart, upon execution and delivery, shall be deemed a complete original, binding the 

Parties subscribed thereto upon the execution by all Parties to this Agreement. 

C. Choice of Law. This Agreement shall be interpreted, construed and enforced 

according to applicable federal law, or in its absence, the laws of the State of Georgia. 

D. Notices. Any notices required hereunder shall be sent by registered mail, first 

5 
(b )(6) omo 

(b)(6) 

(b)(6) 

(b)(6) 

class, return receipt requested, and by email, to the following: 

If to the FDIC-R: 

David L. Turner, Esq. 

Schulten Ward & Turner, LLP 

20 Peachtree Street, Suite 2700 

Atlanta, GA 30303 

T.et404-688-6800;·Email:·IL.._.. ____ _, 

And 

John V. Church, Counsel 

Federal Deposit Insurance Cotporation 

3501 Fairfax Drive, Room VS-B-7056 

Arlington, VA 22226 

.................. .Tel .. 703.-5.16-13·94;Email:·lL..m-· ____ _, 

If to the Settling Defendants: 

Jason S. Bell, Esq. 

Smith, Gambrell & Russell, LLP 

Promenade II, Suite 3100 

1230 Peachtree Street NE 

Atlanta, GA 30309-3592 

m•m•••••• m•m•••••• m•m•I~l, .. 40.4.::.815::36.1 .. 9; .. Email:.J ..... : -------' 

Attorneys for Settling Defendants McClung, Ceto, Chang, Chau and Lee 

James E. Connelly 

Womble, Caryle, Sandridge & Rice, LLP 

271 171

h Street, Suite 2400 

Atlanta, GA 30363-1017 

............................... .Tel .. ...404,8.88-7496iEma•l:J.._······-·· _____ ___, 

Attorney for Settling Defendant Michelle Prater 

E. Entire Agreement and Amendments. This Agreement constitutes the entire 

agreement and understanding between and among the undersigned Parties concerning the matters 

set forth herein and supersedes any prior agreements or understandings. This Agreement may 

not be amended or modified, nor may any of its provisions be waived, except in writing signed 

5 
by the Parties bound thereby, or by their respective authorized attorney(s), or other 

representative( s ). 

F. Titles and Captions. All section titles and captions contained in this Agreement 

are for convenience only and shall not affect the interpretation of this Agreement. 

G. No Confidentiality. The undersigned Parties acknowledge that this Agr~ement 

shall not be confidential and will be disclosed pursuant to the Federal Deposit Insurance 

Corporation's applicable policies, procedures, and other legal requirements. 

IN WI1NESS WHEREOF, the Parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized representatives on the dates hereinafter subscribed. 

Date: 

Date: 

Date: 

Date: 

Date: 

Date: 

FEDERAL DEPOSIT INSURANCE CORPORATION AS 

RECEIVER FOR CENTURY SECURITY BANK 

.......................... 1 ··································· .............................................................. (.!?..)(§.) BY: . 

TITLE: _ _ t:~~~UL~s,._,.;: L'-::r----:----=---

PRINT NAME: _ _.(dp.L..:!·~IO..I!~:::31,.. ----'f?~.l£6.mWat...Jo . /.(i~· __ 

GARY K. MCCLUNG 

MICHELLE R. PRATER 

NICHOLAS CETO) JR. 

SPENCER G. CHANG 

ALICIA T. CHAU 

ROBERT Y. LEE 

10 
(b)(6) 

represenlative(s). 

r. Titles and Captions. All section titles and captions contained in this Agreement 

are for convenience only and shall not affect the interpretation of this Agreement. 

G. No Confidentiality. The undersigned Partit:s acknowledge that this Agreement 

shall not be confidential and ~ill be disclosed pursuant to the Fed<.'fal Deposit Insuranc-e 

Corporation 's applicable policies, procedures, and other legal requirements. 

TN WITNESS WliEREOF, the Parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized repn~sentatives on the dates hcreinafiet' subscribed. 

Date: 

Date: 

Date: 

Date: 

Date: 

Date: 

fHlERAL DErOSrl' INSURANCE CORPORATION AS 

RECEIVER FOR CENTUitY SECURtTY BANK 

BY: 

TITLE:-------------

PRINT NAME: 

MICHELLE R. PRATER 

NICHOLAS CETO, JR. 

SPENCER G. CHANG 

ALICIA T. CHAIJ 

ROBERT Y. LEE 

s SGR/13083403.1 

::,. 

.... ·: 

··.·: . 

. : .. . 

:··· 
(b)(6) 

by the Parties bound thereby, or by their respective authorized attorney(s), or other 

representative( s). 

F. Titles and Captions. All section titles and captions contained in this Agreement 

are for convenience only and shall not affect the interpretation of this Agreement. 

G. No Confidentiality. The undersigned Parties acknowledge that this Agreement 

shall not be confidential and will be disclosed pursuant to the Federal Deposit Insurance 

Corporation's applicable policies, procedures, and other legal requirements. 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized representatives on the dates hereinafter subscribed. 

Date: 

Date: 

Date: 

Date: 

Date: 

Date: 

Date: 

FEDERAL DEPOSIT INSURANCE CORPORATION AS 

RECEIVER FOR CENTURY SECURITY BANK 

BY: 

TITLE: _ _ _ _ _ ___ ____ _ 

PRINT NAME:. _ ___ _ _ _ _ _ _ _ 

~~·MCCLUNG ,- ) 

I;~~LE R. PRATER 

NICHOLAS CETO, JR. 

SPENCER G. CHANG 

ALICIA T. CHAU 

ROBERT Y. LEE 

5 
(b)(6) 

not be amended or modified, nor may any of its provisions be waived, except in writing signed 

by the Parties bound thereby, or by their respective authorized attomey(s), or other 

representative(s ). 

F. Titles and Captions. All section titles and captions contained in this Agreement 

are for convenience only and shall not affect the interpretation of this Agreement. 

G. No Confidentiality. The undersigned Parties acknowledge that this Agreement 

shall not be confidential and will be disclosed pursuant to the Federal Deposit Insurance 

Corporation'·s applicable policies, procedures, and other legal requirements. 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized representatives on the dates hereinafter subscribed. 

Date: 

Date: 

Date: 

FEDERAL DEPOSIT INSURANCE CORPORATION AS 

RECEVERFOR CENTURYSECURITYBANK 

BY: 

TITLE: _________________________ _ 

PRINT NAME: __________ _ 

GARY K. MCCLUNG 

MICHELLE R. PRATER 

····r;~~~ ······o5'/2vzo t5 ······························· ······················IL. ---------------__J..-------- NICHOLAS CETO, JR. 

Date: 

SPENCER G. CHANG 

Date: 

ALICIA T. CHAU 

Date: 

ROBERT Y. LEE 

10 
iH>t be. ~g,ded r u1.odiffe.d, nor may auy of its provisions. b'e walve,d, ~x~e. t in writing stgned 

by t he Parti.es botit)d thereby, or by their respective a1.1thorizc&attoh;l¢.y[s,), or other 

r~sentat vc(s ). 

F. Titles and Caption$.. All sectiot\ titles and ~pii on nta ne~i in &his Agreemeni 

are for cunvcni~ ce only and sh!:lll not affect the i•)~ cr retf!.tion Qf thls A_greement. 

G. ,No Confiden.tiallty. The un:dersign,~d Partle~ ¥knowlooge thaHhis Agreement 

shall n.ot be c.onndentiilial:!d will be:disclosed purStl'l.nt to'tlm.'Fcderul Deposit fnsura,nte 

Corporation 's applicahle poJfck .s, procedu,res, and th r ~gal requirefl\ents. 

IN WITNESS WHEREOf, the Parties hereto have ·caused thrs eern ilt to be executed 

by. each of the~n or their duly authorized rcpre.semativ.es <>.I} the <~t .sJw.r.~inafte r subscribed 

Oate: 

Date: 

Date: -- ---- ·· ·--·.....,....---

P-4!~: ---··-------···-

FEDERAL DEPOSIT lN.Sl).l:tANCE:CQRPORATJON AS 

RECEIVER FQR C.::i3 lJ~YS.E.Q.UrtlTY HANK 

:¥ · '--.... ......-----'---,....- -......--- TITLE~~ · -----------~~---- PRJ}{f .. N¥\'Mli: __ -.......:....--...,----

ALLCJAT CliAU 
(b)(6) 

not be amended or modified, nor may any of its provisions be waived, except in writing signed 

by the Parties bound thereby, or by their respective atlthorized attomey(s), or other 

representative( s ). 

F. Titles and Captions. AU section titles and captions contained in this Agreement 

are for convenience only and shall not affect the interpretation of this Agreement. 

G. No Confidentiality. The undersigned Parties acknowledge·that this Agreement 

shall not be confidential and will be disclosed pursuant to the Federal Deposit Insurance 

Corporation's applicable policies, procedures, and other legal requirements. 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized representatives on the dates hereinafter subscribed. 

Date: 

Date: 

Date: 

Date: 

Date: 

Date: 

FEDERAL DEPOSIT INSURANCE CORPORATION AS 

RECENERFORCENTURYSECUruTYBANK 

BY: 

TITLE: ________________________ __ 

PRINT NAME: ______________ _ 

GARY K. MCCLUNG 

MICHELLE R. PRATER 

NICHOLAS CETO, JR 

L 

ROBERT Y. LEE 

to 
not be amended or m9dified, nor may any of its provisions be waived,~~ in writing,signed 

by the,Parties bound thereby, or by their respective authorized attorney(s), or other 

.representative( s ). 

F. Titles and Captions. All section title~ and captiOOS:contained in this Agreement I 

are for convenience only and sball not ~ecuhe interp~Jmi,on ofthis Agreement. 

G. No Confidentiality. The undersigned Parties acknowledge that this Agreement 

shall not be confidential and will be disclosed ptlt$U8nt:tQ tb,e:Federal Deposit Insurance 

Corporation's applicable policies, procedures~ and·othet fe~ tequirements. 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed 

by each ofthem or their duly authorized representatives.on the;-dateS hereinafter subscn'bed, 

Date; 

Date: 

Date: 

Date: 

Date: 

FEDERAL DEPOSIT INSiJRA.:NCE CORPORATION AS 

RECEIVER FOR CENTIJRY SECURITY BANK 

BY:. TITLE:. _____ ____;.......___;,;._...; _ ___,__ _ __.__.~-

PRJNT NAME=------.....:--........... --· ____.,_ 

GARY K .. MCCLUNG 

MICHELLS It PRATER 

NICHOLAS CETO, JR.: 

SPENCER G. Cl:IANG 

ALICIA t . .CHAO 

(b )(6 ) .......................................... .. Date: ..... j:r:·.sf~tr_ .. , ..................................................... 

· r R.oBERf'Y. tim · 

10 

...