Document:

Revolving Credit Note

 Exhibit 10.14 
 REVOLVING CREDIT NOTE 
  

			
	$1,000,000.00	  	St. Louis, Missouri
		  	August 17, 2007

 1. FOR VALUE RECEIVED, the undersigned, COAST FINANCIAL HOLDINGS, INC., a Florida
corporation (“Borrower”), hereby promises to pay to the order of FIRST BANKS, INC., a Missouri corporation (“Lender”), on February 27, 2008, or earlier if the principal amount hereof is accelerated
pursuant to Section 10 below (the “Maturity Date”), the principal sum of One Million Dollars ($1,000,000) or, if less, the amount of all unpaid advances (each, an “Advance”; and collectively,
“Advances”) made by Lender to Borrower under this Revolving Credit Note (this “Note”). The aggregate principal amount of Advances which Lender shall be committed to have outstanding under this Note at any one time
shall not exceed One Million Dollars ($1,000,000); which amount may be borrowed, paid, reborrowed and repaid, in whole or in part, subject to the terms and conditions of this Note referred to below. Borrower acknowledges and agrees that Lender shall
have no obligation to make any Advance hereunder unless and until Borrower obtains (and provides Lender with copies thereof) of all required approvals from The Board of Governors of the Federal Reserve System. 
 2. Borrower shall give Lender oral or written notice (a “Notice of Borrowing”) by noon (St. Louis time) on the Business Day prior the
date of each Advance to be made to Borrower, specifying: (a) the date of such Advance, which shall be a Business Day; (b) the aggregate principal amount of such Advance; and (c) the duration of the initial Interest Period applicable
thereto, subject to the provisions of the definition of Interest Period. A Notice of Borrowing shall not be revocable by Borrower. Subject to the terms and conditions of this Note, provided that Lender has received the Notice of Borrowing, Lender
shall (unless Lender determines that any applicable condition specified in this Note has not been satisfied) make the applicable Advance to Borrower by crediting the amount of such Advance to a demand deposit account of Borrower at Lender specified
by Borrower (or such other account mutually agreed upon in writing between Lender and Borrower) not later than 2:30 p.m. (St. Louis time) on the Business Day specified in said Notice of Borrowing. If Lender makes a new Advance under this Note on a
day on which Borrower is required to or has elected to repay all or any part of an outstanding Advance, Lender shall apply the proceeds of its new Advance to make such repayment and only an amount equal to the difference (if any) between the amount
being borrowed and the amount being repaid shall be made available by Lender to Borrower, or remitted by Borrower to Lender as, as the case may be. Borrower hereby irrevocably authorizes Lender to rely on telephonic, telegraphic, telecopy, telex or
written instructions of any individual identifying himself or herself as one of the individuals listed on the Resolutions adopted by the Board of Directors of Borrower and certified by the Secretary of Borrower and delivered to Lender with respect
to any request to make an Advance or a repayment under this Note, and on any signature which Lender believes to be genuine, and Borrower shall be bound thereby in the same manner as if such individual were actually authorized or such signature were
genuine. Borrower also hereby agrees to defend and indemnify Lender and hold Lender harmless from and against any and all claims, demands, damages, liabilities, losses and reasonable costs and expenses (including, without limitation, reasonable
attorneys’ fees and expenses) relating to or arising out of or in connection with the acceptance of instructions for making Advances or repayments under this Note. 
 3. Interest on each Advance under this Note shall accrue at an annual rate equal to the LIBOR
Rate. Interest on each Advance hereunder shall be payable monthly in arrears on the first (1st) day of each month commencing on the first such date
after such Advance is made, on the last day of the applicable Interest Period, and on the Maturity Date. Lender’s internal records of applicable interest rates shall be determinative in the absence of manifest error. From and after the Maturity
Date, whether by reason of acceleration or otherwise, interest shall accrue and be payable on demand on the outstanding principal balance of this Note at an annual rate equal to Five Percent (5%) over and above the applicable interest rate(s).
If Borrower fails to make any payment of any principal of or interest on this Note when the same shall become due and payable, whether by reason of maturity, acceleration or otherwise, in addition to all of the other rights and remedies of Lender
under this Note and/or at law or in equity, Borrower shall pay Lender on demand with respect to each such late payment a late fee in an amount equal to Five Percent (5%) of the amount of each such late payment. Interest shall be computed on the
basis of a year consisting of 360 days and paid for actual days elapsed. 
 4. In the event Borrower does not timely select another
Interest Period at least two (2) Eurodollar Business Days before the end of an Interest Period, Lender shall after the end of the Interest Period convert the interest rate applicable to such Advance to the Prime Rate. If the Interest Period for
any Advance should happen 

 
to extend beyond the Maturity Date, such Advance must be prepaid on the Maturity Date. If an Advance is prepaid prior to the end of any Interest Period for
such Advance, whether voluntarily or because prepayment is required due to this Note maturing or due to acceleration of this Note upon default or otherwise, Borrower agrees to reimburse Lender on demand for any resulting losses and expenses incurred
by Lender, including, without limitation, any losses incurred in obtaining, liquidating or employing deposits from third parties and any loss of margin for the period after any such payment, conversion or failure to borrow (as reasonably determined
by Lender) incurred as a result of such prepayment. 
 5. Borrower shall make each payment of principal of, and interest on, this Note and
all other amounts payable under this Note not later than 12:00 noon (St. Louis time) on the date when due, in Federal or other immediately available funds to Lender at 600 James S. McDonnell Boulevard, Hazelwood, Missouri 63042, or such other
address as Lender may from time to time specify in writing. Any such payment received by Lender after 12:00 noon (St. Louis time) shall be deemed to have been paid on the next succeeding Business Day. Whenever any payment of principal of, or
interest on, this Note shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day. If the date for any payment of principal is extended by operation of law or otherwise,
interest thereon, at the then applicable rate, shall be payable for such extended time. The acceptance by Lender of any payment of principal or interest due under this Note after the date it is due shall not be held to establish a custom or waive
any rights of Lender to enforce prompt payment of any further payments or otherwise. 
 6. Borrower shall have the right to prepay all or any
portion from time to time of the unpaid principal of this Note prior to the Maturity Date, provided that: (a) on each prepayment date, Borrower shall pay to the order of Lender all accrued and unpaid interest on the principal portion of this
Note being prepaid to and including the date of such prepayment; and (b) with respect to the prepayment of any Advance prior to the end of the applicable Interest Period(s), Borrower shall reimburse Lender for all losses and expenses as
required under Section 4 above. 
 7. Borrower hereby represents and warrants to Lender that (a) the execution, delivery and
performance by Borrower of this Note (i) have been duly authorized by all necessary corporate action on the part of Borrower, (ii) require no consent, approval or authorization of, action by or in respect of or filing or recording with any
governmental or regulatory body, instrumentality, authority, agency or official or any other person or entity (except for The Board of Governors of the Federal Reserve System), and (iii) do not conflict with, or result in a breach of the terms,
conditions or provisions of, or constitute a default under or result in any violation of, Borrower’s Articles of Incorporation, By-Laws, any applicable law, rule, regulation, order, writ, judgment or decree of any court or governmental or
regulatory body, instrumentality, authority, agency or official or any agreement, document or instrument to which Borrower is a party or by which Borrower or any of its property or assets is bound or to which Borrower or any of his property or
assets is subject, (b) this Note has been duly executed and delivered by Borrower and constitutes the legal, valid and binding obligation of Borrower and is enforceable against Borrower in accordance with its terms, except as such
enforceability may be limited by (i) applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law), (c) no part of the proceeds of this Note will be used for personal, family or household purposes, and (d) Borrower is not engaged principally, or as one of his important activities, in the
business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of The Board of Governors of the Federal Reserve System, as amended) and no part of the proceeds of any loan under this Note will
be used, whether directly or indirectly, and whether immediately, incidentally or ultimately (i) to purchase or carry margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, or to refund or repay
indebtedness originally incurred for such purpose or (ii) for any purpose which entails a violation of, or which is inconsistent with, the provisions of any of the Regulations of The Board of Governors of the Federal Reserve System, including,
without limitation, Regulations U, T or X thereof, as amended. 
 8. Borrower hereby covenants and agrees to deliver to Lender as soon as
available, and in any event within five (5) days after the filing of same, each quarterly Bank Holding Company Performance Report filed by Borrower with the Board of Directors of the Federal Reserve System. 
 9. This Note is described in and secured by the Stock Pledge Agreement dated as of the date hereof, executed by Borrower in favor of Lender, as the same
may from time to time be amended, modified, 

  

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extended, renewed or restated (the “Stock Pledge Agreement”), pursuant to which Borrower shall pledge to Lender as security for this Note
all of the shares of the outstanding common stock of Coast Bank of Florida, a Florida banking corporation (“Coast Bank”) as more particularly described therein (the “Pledged Shares”). 
 10. If any of the following events (each an “Event of Default”; and collectively, “Events of Default”) shall occur:
(a) Borrower shall fail to make any payment of any principal of, interest on or other amount due under this Note within five (5) days after the same shall become due and payable, whether by reason of demand, maturity, acceleration or
otherwise; (b) any representation or warranty made by Borrower in this Note shall prove to have been untrue or incorrect in any material respect when made; (c) Borrower shall fail to perform or observe any other term, covenant or provision
contained in this Note and such failure shall remain unremedied for thirty (30) days after the earlier of (i) written notice of default is given to Borrower by Lender or (ii) an officer of Borrower obtaining knowledge of such failure;
(d) Borrower shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code or any other Federal, state or foreign bankruptcy, insolvency, receivership, liquidation or similar
law, (ii) consent to the institution of, or fail to contravene in a timely and appropriate manner, any such proceeding or the filing of any such petition, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator or similar official of itself , himself or herself or a substantial part of its property or assets, (iv) file an answer admitting the material allegations of a petition filed against itself in any such proceeding, (v) make a
general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or failure generally to pay its debts as they become due or (vii) take any action for the purpose of effecting any of the foregoing;
(e) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of Borrower, or of a substantial part of the property or assets of Borrower,
under Title 11 of the United States Code or any other Federal, state or foreign bankruptcy, insolvency, receivership, liquidation or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator or similar official of
Borrower or of a substantial part of the property or assets of Borrower or (iii) the winding up or liquidation of Borrower; and any such proceeding or petition shall continue undismissed for thirty (30) consecutive days or an order or
decree approving or ordering any of the foregoing shall continue unstayed and in effect for thirty (30) consecutive days; (f) dissolution, termination of existence or operations, merger, consolidation or transfer of a substantial part of
the property or assets of Borrower (except in connection with the transactions described in the Merger Agreement [defined below]); (g) an injunction, attachment or judgment shall be issued against any of the property or assets of Borrower which
could reasonably be expected to have a material adverse effect on such property or assets; (h) Borrower shall become insolvent in either the equity or bankruptcy sense of the term; (i) Borrower shall have a judgment entered against it by a
court having jurisdiction in the premises, and such judgment shall not be appealed in good faith (and execution of such judgment stayed during such appeal) or satisfied by Borrower within thirty (30) days after the entry of such judgment;
(j) any default or event of default shall occur under or within the meaning of any agreement, document or instrument evidencing, securing, guaranteeing the payment of or otherwise relating to any outstanding indebtedness of Borrower for
borrowed money (other than this Note); (k) any “Event of Default” (as defined therein) shall occur under or within the meaning of the Stock Pledge Agreement; (l) the Stock Pledge Agreement shall at any time for any reason cease
to be in full force and effect or shall be declared to be null and void by a court of competent jurisdiction, or if the validity or enforceability thereof shall be contested or denied by any of parties thereto, or if Borrower shall deny that it has
any further liability or obligation thereunder or if Borrower shall fail to comply with or observe any of the terms, provisions or conditions contained in the Stock Pledge Agreement; (m) Borrower shall be declared by Lender to be in default on,
or pursuant to the terms of, (i) any other present or future obligation to Lender, including, without limitation, any other loan, line of credit, revolving credit, guaranty or letter of credit reimbursement obligation or (ii) any other
present or future agreement purporting to convey to Lender a lien or encumbrance upon, or a security interest in, any of the property or assets of Borrower; (n)(i) subject to any applicable notice of cure period(s), any default or event of default
by Borrower or Coast Bank shall occur under or within the meaning of the Agreement and Plan of Merger dated as of July     , 2007, executed by Lender, Borrower and Coast Bank (the “Merger Agreement”), or
(ii) the “Merger” (as defined in the Merger Agreement) is not consummated; or (p) any default or event of default shall occur under or within the meaning of any other agreement, document or instrument heretofore, now or hereafter
executed by Borrower with or in favor of Lender; then, and in each such event (other than an event described in clauses (d) or (e) above), Lender may, at its option, declare the entire outstanding principal balance of this Note and all
accrued and unpaid interest thereon to be immediately due and payable, whereupon all of such outstanding principal balance and accrued and unpaid interest shall become and be immediately due and payable, without presentment, demand, protest or
further notice of any kind, all of which are hereby expressly waived by Borrower, and Lender may exercise any and all other rights and remedies which it may have under the Stock Pledge Agreement (including 

  

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foreclosure of the Pledged Shares) and/or at law or in equity; provided, however, that upon the occurrence of any event described in clauses (d) or
(e) above, the entire outstanding principal balance of this Note and all accrued and unpaid interest thereon shall automatically become immediately due and payable, without presentment, demand, protest or further notice of any kind, all of
which are hereby expressly waived by Borrower, and Lender may exercise any and all other rights and remedies which it may have under the Stock Pledge Agreement (including foreclosure of the Pledged Shares) and/or at law or in equity. 
 11. In the event that any payment of any principal of, interest on or other amount due under this Note shall not be paid when due after taking into
account any notice, grace or cure periods, whether by reason of maturity, acceleration or otherwise, and this Note is placed in the hands of an attorney or attorneys for collection or for foreclosure of the Pledged Shares, or if this Note is placed
in the hands of an attorney or attorneys for representation of Lender in connection with bankruptcy or insolvency proceedings relating to or affecting this Note, Borrower hereby promises to pay to the order of Lender, in addition to all other
amounts otherwise due on, under or in respect of this Note, the costs and expenses of such collection, foreclosure and representation, including, without limitation, reasonable attorneys’ fees and expenses (whether or not litigation shall be
commenced in aid thereof). All parties hereto expressly waive presentment, demand for payment, notice of dishonor, protest and notice of protest. 
 12. Borrower hereby agrees to pay or reimburse Lender upon demand for (i) all out-of-pocket costs and expenses including, without limitation, reasonable attorneys’ fees and expenses, incurred by Lender in connection with the
preparation, negotiation, execution and administration of this Note, the Stock Pledge Agreement, and any and all other agreements, documents and instruments relating to this Note (collectively, the “Loan Documents”), (ii) all
search, recording and filing fees incurred by Lender in connection with this Note and the other Loan Documents, (iii) all out-of-pocket costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred by
Lender in connection with the preparation of any waiver or consent under any of the Loan Documents or any amendment, modification, extension, renewal and/or restatement of any of the Loan Documents or any Event of Default under this Note; and
(iv) if an Event of Default under this Note occurs, all out-of-pocket costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred by Lender in connection with such Event of Default and collection
and other enforcement proceedings resulting therefrom. Borrower further agrees to pay or reimburse Lender for any stamp or other taxes which may be payable with respect to the execution, delivery, recording and/or filing of this Note or any of the
other Loan Documents. All of the obligations of Borrower under this paragraph shall survive the satisfaction and payment of this Note. 
 13.
To the extent that Lender receives any payment on account of Borrower’s obligations under this Note and any such payment(s) or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, subordinated
and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy act, state or Federal law, common law or equitable cause, then, to the extent of such payment(s) received, Borrower’s obligations under this Note or
part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment(s) had not been received by Lender and applied on account of Borrower’s obligations under this Note. 
 14. BORROWER HEREBY IRREVOCABLY (A) SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY MISSOURI STATE COURT SITTING IN THE COUNTY OF ST. LOUIS,
MISSOURI OR ANY UNITED STATES OF AMERICA COURT SITTING IN THE EASTERN DISTRICT OF MISSOURI, EASTERN DIVISION, AS LENDER MAY ELECT, IN ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE, (B) AGREES THAT ALL CLAIMS IN RESPECT
TO ANY SUCH SUIT, ACTION OR PROCEEDING MAY BE HELD AND DETERMINED IN ANY OF SUCH COURTS, (C) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH BORROWER MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION
OR PROCEEDING BROUGHT IN ANY SUCH COURT, (D) WAIVES ANY CLAIM THAT SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM AND (E) WAIVES ALL RIGHTS OF ANY OTHER JURISDICTION WHICH BORROWER MAY
NOW OR HEREAFTER HAVE BY REASON OF HIS PRESENT OR SUBSEQUENT DOMICILES. BORROWER (AND BY ITS ACCEPTANCE HEREOF, LENDER) HEREBY IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY ACTION IN WHICH BORROWER AND LENDER ARE PARTIES
RELATING TO OR ARISING OUT OF OR IN CONNECTION WITH THIS NOTE. 
  

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 15. This Note may not be changed, nor may any term, condition or Event of Default be waived, modified or
discharged orally but only by an agreement in writing, signed by Lender. No failure or delay by Lender in exercising any right, remedy, power or privilege under this Note shall operate as a waiver thereof; nor shall any single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. In addition, Lender may, without notice to and without releasing the liability of Borrower, add or release one or more of such
parties or release any collateral or security for this Note in whole or in part. All Obligors waive notice of and consent to, and no Obligor shall be released from liability under this Note by virtue of, any extension of time for the payment of any
principal of or interest on this Note or the renewal of this Note one or more times or any other amendment or modification of this Note. 
 16. This notice is provided pursuant to Section 432.047 R.S.Mo. As used herein, “creditor” means Lender and “this writing” means this Note and the other Loan Documents. ORAL AGREEMENTS OR COMMITMENTS TO
LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT IS IN ANY WAY RELATED TO THE CREDIT AGREEMENT.
TO PROTECT YOU (BORROWER(S)) AND US (CREDITOR) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS
WE MAY LATER AGREE IN WRITING TO MODIFY IT. This Note embodies the entire agreement and understanding between Borrower and Lender and supersedes all prior agreements and understandings (oral or written) relating to the subject matter hereof.

 17. This Note shall be governed by and construed in accordance with the substantive laws of the State of Missouri (without reference
to conflict of law principles). 
 18. Certain definitions applicable to this Note are attached hereto and incorporated by reference as
Exhibit A. 
 (SIGNATURE ON FOLLOWING PAGE) 
  

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 SIGNATURE PAGE- 
 REVOLVING CREDIT NOTE 
  

			
	Borrower:
	
	COAST FINANCIAL HOLDINGS, INC.
		
	By:	 	  

		 	Anne V. Lee, Acting President and CEO

  

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 Exhibit A 
 (Definitions) 
 “Business Day” shall mean any day (other than a Saturday or Sunday) on
which commercial banks are open for business in St. Louis, Missouri. 
 Eurodollar Business Day shall mean any Business Day on which
commercial bank(s) are open for international business (including dealings in dollar deposits) in London. 
 Interest Period shall
mean, with respect to each Advance: (a) initially, the period commencing on the date of such Advance and ending one (1), two (2), or three (3) months thereafter, as Borrower may elect; and (b) thereafter, each period commencing on the
last day of the immediately preceding Interest Period applicable to such Advance and ending one (1), two (2), or three (3) months thereafter, as Borrower may elect; provided that: (c) subject to clauses (d) and (e) below, any
Interest Period which would otherwise end on a day which is not a Eurodollar Business Day shall be extended to the next succeeding Eurodollar Business Day unless such Eurodollar Business Day falls in another calendar month, in which case such
Interest Period shall end on the immediately preceding Eurodollar Business Day; (d) subject to clause (e) below, any Interest Period which begins on the last Eurodollar Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Eurodollar Business Day of a calendar month; and (e) no Interest Period shall extend beyond the Maturity Date. 
 LIBOR Base Rate shall mean, with respect to the applicable Interest Period, (a) the LIBOR Index Rate for such Interest Period, if such rate
is available or (b) if the LIBOR Index Rate is not available, the average (rounded upward, if necessary, to the next higher 1/16 of 1%) of the annual respective rates of interest at which deposits in U.S. Dollars are offered to Lender in the
London interbank market by two (2) Eurodollar dealers of recognized standing, selected by Lender in its sole discretion, at or about 11:00 a.m. (London time) on the date two (2) Eurodollar Business Days before the first day of such
Interest Period, for delivery on the first day of the applicable Interest Period for a number of days comparable to the number of days in such Interest Period and in an amount approximately equal to the principal amount of the Advance to which such
Interest Period is to apply. 
 LIBOR Index Rate shall mean, with respect to the applicable Interest Period, an annual rate (rounded
upwards, if necessary, to the next higher 1/16 of 1%) equal to the British Bankers’ Association interest settlement rates for U.S. Dollar deposits for such Interest Period as of 11:00 a.m. (London time) on the day two (2) Eurodollar
Business Days before the first day of such Interest Period as published by Bloomberg Financial Services, Dow Jones Market Service, Telerate, Reuters or any other service from time to time used by Lender. 
 LIBOR Margin shall mean Two and 5/10 Percent (2.5%). 
 LIBOR Rate shall mean (a) the quotient of the (i) LIBOR Base Rate divided by (ii) one minus the applicable LIBOR Reserve Percentage plus (b) the LIBOR Margin. The LIBOR
Rate shall be adjusted automatically on and as of the effective date of any change in the LIBOR Reserve Percentage. 
 LIBOR Reserve
Percentage shall mean for any day that percentage (expressed as a decimal) which is in effect on such day, as prescribed by The Board of Governors of the Federal Reserve System (or any successor), for determining the maximum reserve requirement
(including, without limitation, any basic, supplemental, emergency, special or marginal reserves) with respect to “Eurocurrency liabilities” as defined in Federal Reserve Regulation D or with respect to any other category of liabilities
which includes deposits by reference to which the interest rate on Advances is determined, whether or not Lender has any Eurocurrency liabilities subject to such reserve requirement at such time. 
 Prime Rate shall mean the interest rate announced from time to time by First Bank as its “prime rate” (which rate shall fluctuate as and
when said prime rate shall change).Stock Pledge Agreement

 Exhibit 10.15 
 STOCK PLEDGE AGREEMENT 
 1. As collateral security for the payment of any and all indebtedness
(principal, interest, fees, collection costs and expenses and other amounts), liabilities and obligations of the undersigned, COAST FINANCIAL HOLDINGS, INC., a Florida corporation (“Debtor”), to FIRST BANKS, INC., a
Missouri corporation (“Secured Party”) evidenced by or arising under the Revolving Credit Note dated the date hereof, executed by Debtor, and payable to the order of Secured Party in the principal amount of up to $1,000,000.00 (as
amended, the “Note”) (each, a “Liability”; and collectively, “Liabilities”), Debtor hereby pledges and delivers to Secured Party and grants Secured Party a security interest in and a lien upon the
following: (a)(i) 1,350,450 shares of the common capital stock of Coast Bank of Florida, a Florida banking corporation (the “Subsidiary”), and (ii) 545,000 shares of 7% Series A Non-Cumulative Convertible Perpetual Preferred
Stock of Subsidiary, set forth and described on Collateral Schedule #1 attached hereto and incorporated herein by reference (collectively, the “Pledged Shares”) and the certificates representing the Pledged Shares, and all
dividends, cash, instruments, stock, securities and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares, (b) all additional shares of any class of
capital stock of the Subsidiary from time to time acquired by Debtor in any manner (including, without limitation, any shares of preferred stock of the Subsidiary) (collectively, the “Additional Shares”), and the certificates
representing such Additional Shares, and all dividends, cash, instruments, stock, securities and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such Additional Shares,
(c) all other rights appurtenant to the property described in clauses (a) and (b) above (including, without limitation, voting rights) and (d) all cash and noncash proceeds of any and all of the foregoing (collectively, the
“Collateral”). Certificates representing the Pledged Shares set forth on Collateral Schedule #1 attached hereto, accompanied by proper instruments of assignment duly executed in blank by Debtor, are herewith being delivered
to Secured Party. Promptly upon Debtor’s acquisition of any Additional Shares, Debtor will (i) deliver to Secured Party the certificates representing such Additional Shares together with proper instruments of assignment duly executed in
blank by Debtor and (ii) amend Collateral Schedule #1 to include such Additional Shares. 
 2. Debtor hereby covenants and agrees
that (a) with respect to all shares of any class of capital stock of Subsidiary pledged to Secured Party contemporaneously with the execution of or pursuant to this Stock Pledge Agreement (this “Agreement”), or at any time
hereafter, if any stock dividends, stock splits, reclassifications, adjustments or other changes are made in the capital structure of Subsidiary (whether as a result of a reorganization, recapitalization, share split up, merger, transfer,
consolidation or otherwise), all new, additional or substituted securities issued with respect to any of such shares by reason of any such change shall be subject to Secured Party’s security interest and immediately delivered to Secured Party,
which shall hold such shares or securities so issued as additional Collateral, (b) if any warrants, options or other rights now or hereafter exist with respect to any of the Pledged Shares, any of the Additional Shares or any of the other
Collateral, Debtor has and hereafter shall immediately so advise Secured Party of the existence of such warrants, options and rights, all such warrants, options and rights shall be subject to Secured Party’s security interest and all stock or
securities issued pursuant to the exercise of any such warrant, option or right shall be subject to Secured Party’s security interest and immediately delivered to Secured Party, which shall hold such shares or securities as additional
Collateral, (c) Debtor shall immediately pledge and deliver to Secured Party any and all shares of any class of capital stock of Subsidiary now owned or hereafter acquired by Debtor and (d) Debtor shall not, without the prior written
consent of Secured Party, (i) sell, assign or otherwise transfer or pledge any of the Pledged Shares, any of the Additional Shares or any of the other Collateral, (ii) create or permit any other lien or encumbrance upon, or any other
security interest in, any of the Pledged Shares, any of the Additional Shares or any of the other Collateral or (iii) grant any option or right with respect to any of the Pledged Shares, any of the Additional Shares or any of the other
Collateral. 
 3. Debtor hereby represents and warrants to Secured Party that: 
 (a) Debtor is the sole legal, beneficial and record owner of all of the Collateral pledged hereunder and none of the Collateral pledged hereunder is or
will be subject to any security interests, liens, encumbrances, charges, claims, warrants, options, proxies, restrictions on transfer, resale or other disposition, restrictions on voting rights, preferences and/or other preferential arrangements of
any kind or nature whatsoever (except those in favor of Secured Party under this Agreement); 
 (b) the Pledged Shares have been duly
authorized and validly issued by Subsidiary and are fully paid and non-assessable; 

 (c) Debtor has all requisite corporate power and authority to (i) pledge, assign, grant a security
interest in, transfer and deliver the Collateral to Secured Party in the manner hereby done or contemplated and (ii) execute, deliver and perform all of its obligations under this Agreement; 
 (d) this Agreement has been duly authorized, executed and delivered by Debtor and constitutes the legal, valid and binding obligation of Debtor,
enforceable in accordance with its terms; 
 (e) no consent, approval, authorization or other order of any governmental or regulatory agency,
authority, body or official or any other third party is or will be required for (i) the execution, delivery and/or performance of this Agreement by Debtor or the delivery by Debtor of the Collateral to Secured Party as provided herein or
(ii) the exercise by Secured Party of the voting or other rights provided for in this Agreement or the remedies in respect of the Collateral pursuant to this Agreement; 
 (f) the execution, delivery and performance by Debtor of this Agreement do not and will not (i) violate any provision of the Articles of
Incorporation or Bylaws of Debtor or any law, rule, regulation (including, without limitation, Regulations U or X of the Board of Governors of the Federal Reserve System), order, writ, judgment, injunction, decree, determination or award presently
in effect having applicability to Debtor, (ii) result in a breach of or constitute a default under any indenture or loan or credit agreement or any other agreement, document or instrument to which Debtor is a party or by which it or its
properties may be bound or affected (including, but not limited to, the Agreement and Plan of Merger dated as of August 3, 2007, executed by Secured Party, Debtor and Subsidiary [the “Merger Agreement”]) or (iii) result in
or require the creation or imposition of any mortgage, deed of trust, pledge, lien, security interest or other charge or encumbrance of any nature upon or with respect to any of the property or assets of Debtor (other than in favor of Secured Party
as provided for in this Agreement); 
 (g) upon the execution of this Agreement, Secured Party will have a valid and enforceable security
interest in the Collateral. So long as Secured Party has possession of the certificates representing the Pledged Shares, Secured Party’s security interest in the Pledged Shares and the proceeds thereof will be perfected and have a first
priority; and 
 (h) the authorized capital of Subsidiary consists solely of 20,000,000 shares of common stock, $5.00 par value and no shares
of preferred stock. As of the date hereof, (i)(A) there are 1,350,450 shares of common stock of Subsidiary issued and outstanding, and (B) 545,000 shares of 7% Series A Non-Cumulative Convertible Perpetual Preferred Stock of Subsidiary issued
and outstanding, (ii)(A) Debtor is the sole legal, beneficial and record owner of 1,350,450 shares of common stock of Subsidiary, representing all of the issued and outstanding shares of common stock of Subsidiary, and (B) Debtor is the sole
legal, beneficial and record owner of 545,000 shares of 7% Series A Non-Cumulative Convertible Perpetual Preferred Stock of Subsidiary, representing all of the issued and outstanding shares of 7% Series A Non-Cumulative Convertible Perpetual
Preferred Stock of Subsidiary, and (iii) the Pledged Shares consist of all of the outstanding shares of common stock and 7% Series A Non-Cumulative Convertible Perpetual Preferred Stock of Subsidiary. The Pledged Shares are subject to no
security interests, liens, encumbrances, warrants, options, proxies, restrictions on transfer, resale or other disposition or restrictions on voting rights (except those in favor of Secured Party). As of the date hereof, there are no warrants or
options, or any agreements to issue any warrants or options, outstanding with respect to any class of capital stock of Subsidiary. 
 4.
Debtor hereby covenants and agrees that: (a) it will not cause or permit Subsidiary to (i) authorize or issue any new types, varieties or classes of capital stock or any bonds or debentures, subordinated or otherwise, or any stock warrants
or options, (ii) authorize or issue any additional shares of any existing class of capital stock or (iii) declare any stock dividends or stock splits or take any other action which could, directly or indirectly, decrease Debtor’s
ownership interest in Subsidiary; and (b) without the prior written consent of Secured Party, (i) it will not cause or permit Subsidiary to amend or otherwise change its Articles or Certificate of Incorporation or its Bylaws in any manner
which could affect any of the voting or other rights of any of the shares of capital stock of Subsidiary now owned or hereafter acquired by Debtor and (ii) it will not take or cause or permit Subsidiary to take any other action which could,
directly or indirectly, affect the voting rights of Debtor with respect to any shares of capital stock of Subsidiary now owned or hereafter acquired by Debtor. 
 5. So long as no Event of Default (as hereinafter defined) under this Agreement has occurred and is continuing, notwithstanding any other provision of this Agreement to the contrary: 
 (a) Debtor shall be entitled to exercise any and all voting and other consensual rights pertaining to the Pledged Shares or any part thereof for any
purpose not inconsistent with the terms of this Agreement or the terms of the Note; provided, however, that (i) Debtor shall not exercise or refrain from exercising any such right if such action could reasonably be expected to have an adverse
effect on the value of the Pledged Shares or any part thereof and (ii) Debtor shall not exercise or refrain from exercising any such right in a manner which would authorize or effect (A) the dissolution or liquidation, in whole or in part,
of Subsidiary, (B) the consolidation or merger of Subsidiary with or into any corporation or other entity unless such Subsidiary is the surviving entity, (C) the sale, disposition or encumbrance of all or substantially all of the property
or assets of Subsidiary, (D) any change in the authorized capital of Subsidiary, (E) the issuance of any additional shares of any class of capital stock of Subsidiary or (F) the alteration of the voting rights with respect to any
class of capital stock of Subsidiary; and 
  

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 (b) Debtor shall be entitled to collect and use for its proper corporate purposes all cash dividends
(except cash dividends paid or payable in respect of the total or partial liquidation of Subsidiary) paid on the Pledged Shares; provided, however, that until actually paid, all rights to such dividends shall remain subject to the security interest
created by this Agreement. All dividends (other than cash dividends governed by the immediately preceding sentence) and all other distributions in respect of any of the Pledged Shares or any of the other Collateral, whenever paid or made, shall be
delivered to Secured Party and held by it subject to the security interest created by this Agreement. 
 6. If any one or more of the
following events (each, an “Event of Default”) shall occur and be continuing: (a) Debtor shall fail to make any payment of any principal of or interest on any of the Liabilities as and when the same shall become due and payable
taking into account any applicable notice, grace or cure periods, whether by reason of demand, maturity, acceleration or otherwise; (b) Debtor shall fail to perform or observe any term, provision, covenant or agreement contained in this
Agreement and any such failure shall remain unremedied for thirty (30) days after the earlier of (i) written notice of default is given to Debtor by Secured Party or (ii) an officer of Debtor obtaining knowledge of such default;
(c) any representation or warranty made by Debtor in this Agreement shall prove to be untrue or incorrect in any material respect; (d) if the shares of common stock of Subsidiary then pledged by Debtor to Secured Party pursuant to this
Agreement shall at any time constitute less than all of the then issued and outstanding shares of common stock of Subsidiary; or (e) any “Event of Default” (as defined therein) shall occur under or within the meaning of the Note; then
Secured Party may, at its option, (A) declare the principal of and interest on any or all of the Liabilities to be immediately due and payable, (B) exercise all voting rights with respect to the Collateral, (C) appropriate and apply
toward the payment and discharge of any such Liability, moneys on deposit or otherwise held by Secured Party for the account of, to the credit of or belonging to Debtor, (D) sell or cause to be sold any Collateral, (E) have transferred to
or registered in the name of Secured Party, or its nominee or nominees, any Collateral and thereafter to exercise all rights with respect thereto as the absolute owner thereof, without notice or liability to Debtor, except to account for money or
property actually received by Secured Party; provided, however, that Secured Party may treat all cash proceeds as additional Collateral and such proceeds need not be applied to the reduction of the Liabilities of Debtor unless Secured Party so
elects, (F) in Secured Party’s name, or in the name of Debtor, demand, sue for, collect and receive money, securities or other property which may at any time be payable or receivable on account of or in exchange for any of the Collateral,
or make any compromise or settlement that Secured Party considers desirable with respect thereto or renew or extend the time of payment or otherwise modify the terms of any obligation included in the Collateral; provided, however, that it is
expressly agreed that Secured Party shall not be obligated to take any step to preserve rights against prior parties on any of the Collateral, and that reasonable care of the Collateral shall not include the taking of any such step and
(G) exercise any or all of the rights and remedies of a Secured Party under the Uniform Commercial Code of the State of Missouri, as from time to time amended (the “Code”), or other applicable law. Any sale of Collateral may be
made without demand of performance and any requirement of the Code for reasonable notice to Debtor shall be met if such notice is mailed, postage prepaid, to Debtor at its address as it appears herein or as last shown on the records of Secured Party
at least five (5) business days before the time of sale, disposition or other event giving rise to the notice. Debtor acknowledges and agrees that it shall be reasonable for Secured Party to sell the Collateral on credit for present or future
delivery without any assumption of any credit risk. In case of a public sale, notice published by Secured Party for ten (10) days in a newspaper of general circulation in the City or County where the sale is to be held shall be sufficient. The
proceeds of any sale, or sales, of Collateral shall be applied by Secured Party in the following order: (1) to expenses, including attorneys’ fees and expenses actually incurred, arising from the enforcement of any of the provisions
hereof, or of the Liabilities or of any actual or attempted sale; (2) to the payment or the reduction of any of the Liabilities of Debtor to Secured Party with the right of Secured Party to distribute or allocate such proceeds in such order and
manner as Secured Party shall elect, and its determination with respect 

  

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to such allocation shall be conclusive; and (3) to the payment of any surplus remaining after payment of the amounts mentioned, to Debtor or to
whomsoever may be lawfully entitled thereto. If any deficiency arises upon any such sale or sales Debtor agrees to pay the amount of such deficiency promptly upon demand with interest. Notwithstanding that Secured Party may continue to hold the
Collateral and regardless of the value thereof, Debtor shall be and remain liable for the payment in full of the principal of and interest on any balance of the Liabilities and expenses at any time unpaid. 
 7. Secured Party shall have no duties or obligations with respect to the Collateral except that while the Collateral is in Secured Party’s
possession, Secured Party’s obligation with respect to the same shall be limited to preserving the physical condition of the same. 
 8.
At any time, whether prior to or after the occurrence of an Event of Default under this Agreement, Secured Party may, at its option, but shall not be obligated to, surrender or deliver, without further liability on the part of Secured Party to
account therefor, all or any part of the Collateral to or upon the written order of Debtor, permit substitutions therefor or additions thereto, and accept the receipt of Debtor for any Collateral, or proceeds thereof, which receipt shall be a full
and complete discharge of Secured Party with respect to the Collateral so delivered and proceeds so paid. Upon payment in full by Debtor of all Liabilities, Secured Party will deliver to Debtor all certificates and indorsements relating to the
Pledged Shares. 
 9. The rights and powers of Secured Party under this Agreement (a) are cumulative and do not exclude any other right
which Secured Party may have independent of this Agreement and (b) may be exercised or not exercised at the discretion of Secured Party (i) without regard to any rights of Debtor, (ii) without forfeiture or waiver because of any delay
in the exercising thereof, (iii) without imposing any liability on Secured Party for so exercising or failing to exercise and (iv) in the event of a single or partial exercise thereof, without precluding further exercise thereof. No delay
or omission on the part of Secured Party in exercising any right hereunder shall operate as a waiver of such right or of any other right hereunder and no waiver shall be construed as a bar to or waiver of any right or remedy in the future. The
rights and powers of Secured Party under this Agreement shall inure to the benefit of its successors and assigns and any assignee of any Liability secured hereby. Any and all liabilities and obligations of Debtor under this Agreement shall be
binding upon the successors and assigns of Debtor. 
 10. Debtor agrees to do such further acts and things and to execute and deliver such
additional conveyances, assignments, agreements and instruments as Secured Party may at any time reasonably request in connection with the administration or enforcement of this Agreement or related to the Collateral or any part thereof or in order
to better assure and confirm to Secured Party its rights, powers and remedies hereunder. Effective upon the occurrence of and during the continuance of an Event of Default, Debtor hereby makes, constitutes and appoints Secured Party the true and
lawful agent and attorney-in-fact of Debtor with full power of substitution to execute, endorse and deliver such agreements, documents and instruments and to take such other action in the name and on behalf of Debtor as may be necessary or
appropriate to carry out the intent of this Agreement, including, without limitation, the grant of the security interest granted under this Agreement, and to perfect and protect the security interest granted to Secured Party in respect of the
Collateral and Secured Party’s rights created under this Agreement, which power of attorney is irrevocable during the term of this Agreement. Debtor hereby consents and agrees that the issuers of or obligors in respect of the Collateral or any
registrar or transfer agent for any of the Collateral shall be entitled to accept the provisions hereof as conclusive evidence of the right of Secured Party to effect any transfer pursuant to this Agreement, notwithstanding any other notice or
direction or the contrary heretofore or hereafter given by Debtor or any other person (unless consented to in writing by Secured Party) to any such issuers or obligors or to any such registrar or transfer agent. 
 11. Except as otherwise specified in this Agreement, any notice, request, demand, consent or other
communication under this Agreement shall be in writing and delivered in person, or sent by registered or certified mail, return receipt requested and postage prepaid, or transmitted by facsimile, if to Debtor at 1301 6th Avenue West, Suite 300, Bradenton, Florida 34205, Attention: Anne V. Lee, (941) 795-6161 (FAX), or if to Secured Party at c/o First Bank, 11901 Olive Boulevard, Creve Coeur,
Missouri 63141, Attention: Dan Jasper, Telecopy No. (314) 995-8770, or at such other address as either party may designate as its address for communications hereunder by notice so given. Such notices shall be deemed effective on the day on
which delivered, if delivered in person, on the third (3rd) business day after the day on which mailed, if sent by registered or certified mail, or
when with answerback confirmation received if sent by facsimile. 
  

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 12. The terms of this Agreement, the pledge of Collateral hereunder and the security interest created by
this Agreement are continuing and shall apply to the Liabilities. Debtor may not revoke or terminate this Agreement unless and until (a) all of the Liabilities shall have been indefeasibly paid in full in cash, (b) the Note shall have been
terminated and (c) Secured Party shall have no further commitment or obligation to make advances or extend credit to Debtor, whether under the Note or otherwise. 
 13. If claim is ever made on Secured Party for repayment or recovery of any amount or amounts received by Secured Party in payment or on account of any of the Liabilities (including payment under a guaranty or from
application of collateral) and Secured Party repays all or part of said amount by reason of (a) any judgment, decree or order of any court or administrative body having jurisdiction over Secured Party or any property of Secured Party or
(b) any settlement or compromise of any such claim effected by Secured Party with any such claimant (including, without limitation, Debtor), then and in such event Debtor agrees that any such judgment, decree, order, settlement or compromise
shall be binding on Debtor, notwithstanding any cancellation of any note or other instrument or agreement evidencing such Liabilities or of this Agreement, and this Agreement shall continue to be effective or be reinstated, as the case may be, and
shall secure the payment of the amount so repaid or recovered to the same extent as if such amount had never originally been received by Secured Party except to the extent such judgment, decree, order, settlement or compromise were caused by the
gross negligence or intentional misconduct of Secured Party. This Agreement shall continue to be effective or be reinstated, as the case may be, if (i) at any time any payment of any of the Liabilities is rescinded or must otherwise be returned
by Secured Party upon the insolvency, bankruptcy or reorganization of Debtor or otherwise, all as though such payment had not been made or (ii) this Agreement is released in consideration of a payment of money or transfer of property or grant
of a security interest by Debtor or any other person or entity and such payment, transfer or grant is rescinded or must otherwise be returned by Secured Party upon the insolvency, bankruptcy or reorganization of such person or entity or otherwise,
all as though such payment, transfer or grant had not been made. 
 14. This Agreement shall be governed by and construed in accordance with
the substantive laws of the State of Missouri (without reference to conflict of law principles); provided, however, that the perfection and effect of the perfection or nonperfection of the security interests and liens created by this Agreement shall
in all respects be governed, construed, applied and enforced in accordance with the substantive laws of the applicable jurisdictions. 
 15. DEBTOR IRREVOCABLY AGREES THAT, SUBJECT TO SECURED PARTY’S SOLE AND ABSOLUTE ELECTION, ALL ACTIONS OR PROCEEDINGS IN ANY WAY, MANNER OR RESPECT ARISING OUT OF OR FROM OR RELATED TO THIS AGREEMENT, THE OTHER AGREEMENTS OR THE
COLLATERAL SHALL BE LITIGATED ONLY IN COURTS HAVING SITUS WITHIN THE COUNTY OF ST. LOUIS, STATE OF MISSOURI. DEBTOR HEREBY CONSENTS AND SUBMITS TO THE JURISDICTION OF ANY LOCAL, STATE OR FEDERAL COURT LOCATED WITHIN SAID COUNTY AND STATE. DEBTOR
HEREBY WAIVES ANY RIGHT IT MAY HAVE TO TRANSFER OR CHANGE THE VENUE OF ANY LITIGATION BROUGHT IN ACCORDANCE WITH THIS SECTION. DEBTOR AND BY ITS ACKNOWLEDGEMENT BELOW, SECURED PARTY, IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH RESPECT TO
ANY ACTION IN WHICH DEBTOR AND SECURED PARTY ARE PARTIES. 
 16. Debtor and by its acknowledgment below, Secured Party, acknowledge and
agree that the execution and performance by the parties thereof of the Merger Agreement (including the “Merger” as defined therein) shall not be deemed to be an Event of Default hereunder. 
 This Agreement executed by Debtor in favor of Secured Party as of August 17, 2007. 
 (SIGNATURES ON FOLLOWING PAGE) 
  

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 SIGNATURE PAGE- 
 STOCK PLEDGE AGREEMENT 
  

			
	Debtor:
	
	COAST FINANCIAL HOLDINGS, INC.
		
	By:	 	  

		 	Anne V. Lee, Acting President and CEO

 Acknowledged by and agreed to by Secured Party as of August 17, 2007: 
 Secured Party: 
  

			
	FIRST BANKS, INC.
		
	 By:
	 	  

		
	 Name:
	 	  

		
	 Title:
	 	  

  

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 COLLATERAL SCHEDULE #1 
  

			
	 Description of Stock Pledged
	  	 Stock Certificate Number(s)

	1,350,450 Shares of Common Stock of Coast Bank of Florida	  	Coast Bank of Florida Stock Certificate No. C – 888, issued in the name of Coast Financial Holdings, Inc.
		
	545,000 shares of 7% Series A Non-Cumulative Convertible Perpetual Preferred Stock of Coast Bank of Florida	  	Coast Bank of Florida Stock Certificate No. P – 52, issued in the name of Coast Financial Holdings, Inc.

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