Document:

EX-4.2

 Exhibit 4.2 

PREMIER FINANCIAL CORP. 

Issuer 
 And 

U.S. BANK NATIONAL ASSOCIATION 

Trustee 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of September 30, 2020 

to 
 the Indenture 

Dated as of September 30, 2020 

4.00% Fixed-to-Floating Rate 

Subordinated Notes due 2030 
  

 FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
September 30, 2020, between PREMIER FINANCIAL CORP., an Ohio corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America,
as trustee (“Trustee”). 
 RECITALS OF THE COMPANY 

The Company and the Trustee will have executed and delivered the Indenture dated as of the date hereof (the “Base Indenture”
and, as the same may from time to time be amended, supplemented or otherwise modified in accordance therewith, including by this Supplemental Indenture, the “Indenture”), to provide for the issuance from time to time by the Company
of its unsecured subordinated indebtedness to be issued in one or more series as provided in the Indenture. 
 The Company desires to issue
and sell on the date hereof Fifty Million Dollars ($50,000,000) aggregate principal amount of a new series of Securities of the Company designated as its 4.00%
Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”), and such issuance and sale have been authorized by resolutions duly adopted by the
Board of Directors of the Company and by the Pricing Committee of the Board of Directors of the Company. 
 The Company desires to establish
the terms of the Notes. 
 The Company acknowledges that all things necessary to make this Supplemental Indenture a legal, binding and
enforceable instrument, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the legal, binding and enforceable obligations of the Company in accordance with their terms and the terms of the Base
Indenture, have been done. 
 The Company has complied with all conditions precedent provided for in the Base Indenture relating to this
Supplemental Indenture. 
 The Company has requested that the Trustee execute and deliver this Supplemental Indenture. 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually agreed, for the equal and
proportionate benefit of all Holders of the Notes, as follows: 
 ARTICLE I. 

DEFINITIONS 
 Terms used but not
defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base Indenture. References in this Supplemental Indenture to article and section numbers shall be deemed to be references to article and section numbers of this
Supplemental Indenture unless otherwise specified. For purposes of this Supplemental Indenture, the following terms have the meanings ascribed to them as follows: 

“Base Indenture” has the meaning provided in the recitals. 

 “Benchmark” means, initially, Three-Month Term SOFR; provided that if the
Calculation Agent determines on or prior to the Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR or the then-current Benchmark, then “Benchmark”
means the applicable Benchmark Replacement. 
 “Benchmark Replacement” means the Interpolated Benchmark with respect to the
then current Benchmark, plus the Benchmark Replacement Adjustment for such Benchmark; provided that if: (i) the Calculation Agent cannot determine the Interpolated Benchmark as of the Benchmark Replacement Date, or (ii) the then current
Benchmark is Three-Month Term SOFR and a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR (in which event no Interpolated Benchmark with respect to Three-Month Term SOFR shall
be determined), then “Benchmark Replacement” means the first alternative set forth in the order below that can be determined by the Calculation Agent as of the Benchmark Replacement Date: (i) Compounded SOFR; (ii) the sum of:
(a) the alternate rate that has been selected or recommended by the Relevant Governmental Body as the replacement for the then current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;
(iii) the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; (iv) the sum of: (a) the alternate rate that has been selected by the Calculation Agent as the replacement for the then current
Benchmark for the applicable Corresponding Tenor, giving due consideration to any industry-accepted rate as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate securities at such time, and (b) the Benchmark
Replacement Adjustment. If the Benchmark Replacement as determined pursuant to clause (i), (ii), (iii) or (iv) above would be less than zero, the Benchmark Replacement will be deemed to be zero. 

“Benchmark Replacement Adjustment” means the first alternative set forth in the order below that can be determined by the
Calculation Agent as of the Benchmark Replacement Date: (i) the spread adjustment to the then-existing spread, or method for calculating or determining such spread adjustment (which may be a positive or negative value or zero), that has been
selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; (ii) if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment;
and (iii) the spread adjustment to the then-existing spread (which may be a positive or negative value or zero) that has been selected by the Calculation Agent giving due consideration to any industry-accepted spread adjustment or method for
calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated floating rate securities at such time. 

  
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 “Benchmark Replacement Conforming Changes” means, with respect to any
Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “interest period,” timing and frequency of determining rates with respect to each interest period and making payments of
interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if
the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Calculation Agent determines that no market practice for use of the Benchmark Replacement exists, in such other manner as
the Calculation Agent determines is reasonably necessary). 
 “Benchmark Replacement Date” means the earliest to occur of
the following events with respect to the then-current Benchmark: (i) in the case of clause (i) of the definition of “Benchmark Transition Event,” the relevant Reference Time in respect of any determination; (ii) in the case
of clause (ii) or (iii) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the
Benchmark permanently or indefinitely ceases to provide the Benchmark; or (iii) in the case of clause (iv) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information
referenced therein. For the avoidance of doubt, for purposes of the definitions of Benchmark Replacement Date and Benchmark Transition Event, references to the Benchmark also include any reference rate underlying the Benchmark (for example, if the
Benchmark becomes Compounded SOFR, references to the Benchmark would include SOFR). For the avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of
any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination. 

“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current
Benchmark: (i) if the Benchmark is Three-Month Term SOFR, (a) the Relevant Governmental Body has not selected or recommended a forward-looking term rate for a tenor of three months based on SOFR, (b) the development of a
forward-looking term rate for a tenor of three months based on SOFR that has been recommended or selected by the Relevant Governmental Body is not complete or (c) the Calculation Agent determines that the use of a forward-looking rate for a
tenor of three months based on SOFR is not administratively feasible; (ii) a public statement or publication of information by or on behalf of the administrator of the Benchmark announcing that such administrator has ceased or will cease to
provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; (iii) a public statement or publication of
information by the regulatory supervisor for the administrator of the Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with
jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to
provide the Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or (iv) a public statement or publication of
information by the regulatory supervisor for the administrator of the Benchmark announcing that the Benchmark is no longer representative. 

  
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 “Business Day” with respect to the Notes means any calendar day that is not
a Saturday, Sunday or legal holiday in New York, New York, and on which commercial banks in the state in which the Corporate Trust Office is located and commercial banks are open for business in New York, New York. 

“Calculation Agent” means the agent appointed by the Company prior to the commencement of the Floating Rate Period (which may
include the Company or any of its affiliates) to act in accordance with Section 2.04. The Company will act as the initial Calculation Agent. 

“Company” has the meaning provided in the recitals. 

“Compounded SOFR” means the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology
for this rate, and conventions for this rate being established by the Calculation Agent in accordance with: (i) the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body for
determining Compounded SOFR; provided that: (ii) if, and to the extent that, the Calculation Agent determines that Compounded SOFR cannot be determined in accordance with clause (i) above, then the rate, or methodology for this rate, and
conventions for this rate that have been selected by the Calculation Agent giving due consideration to any industry-accepted market practice for U.S. dollar-denominated floating rate securities at such time. For the avoidance of doubt, the
calculation of Compounded SOFR shall exclude the Benchmark Replacement Adjustment (if applicable) and the spread of 388.5 basis points per annum. 

“Corresponding Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the
same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark. 
 “Depository”
has the meaning provided in Section 2.03(b). 
 “Federal Reserve” means the Board of Governors of the Federal Reserve
System. 
 “Fixed Period Interest Payment Date” has the meaning provided in Section 2.04(a). 

“Fixed Rate Period” has the meaning provided in Section 2.04(a). 

“Floating Period Interest Payment Date” has the meaning provided in Section 2.04(b). 

“Floating Rate Interest Period” has the meaning provided in Section 2.04(b). 

“Floating Rate Period” has the meaning provided in Section 2.04(b). 

“FRBNY” means the Federal Reserve Bank of New York. 

“FRBNY’s Website” means the website of the FRBNY at http://www.newyorkfed.org, or any successor source. 

“Indenture” has the meaning provided in the recitals. 

  
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 “Independent Tax Counsel” means a law firm, a member of a law firm or an
independent practitioner that is experienced in matters of federal income taxation law, including the deductibility of interest payments made with respect to corporate debt instruments, and shall include any Person who, under the standards of
professional conduct then prevailing and applicable to such counsel, would not have a conflict of interest in representing the Company or the Trustee in connection with providing the legal opinion contemplated by the definition of the term “Tax
Event.” 
 “Interest Payment Date” has the meaning provided in Section 2.04(b). 

“Interpolated Benchmark” with respect to the Benchmark means the rate determined for the Corresponding Tenor by interpolating
on a linear basis between: (i) the Benchmark for the longest period (for which the Benchmark is available) that is shorter than the Corresponding Tenor, and (ii) the Benchmark for the shortest period (for which the Benchmark is available)
that is longer than the Corresponding Tenor. 
 “Investment Company Event” means any event whereby the Company becomes
required, or there is more than an insubstantial risk that the Company will be required, within ninety (90) days, to register as an investment company pursuant to the Investment Company Act of 1940, as amended. 

“ISDA” means the International Swaps and Derivatives Association, Inc. or any successor. 

“ISDA Definitions” means the 2006 ISDA Definitions published by ISDA, as amended or supplemented from time to time, or any
successor definitional booklet for interest rate derivatives published from time to time. 
 “ISDA Fallback Adjustment”
means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the
Benchmark for the applicable tenor. 
 “ISDA Fallback Rate” means the rate that would apply for derivatives transactions
referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment. 

“Maturity Date” has the meaning provided in Section 2.02. 

“Notes” has the meaning provided in the recitals. 

“Paying Agent” has the meaning provided in Section 2.03(d). 

“Payment Blockage Notice” has the meaning provided in Section 5.02(b)(i). 

“Redemption Date” means each date, if any, on which Notes are redeemed pursuant to Section 4.01 hereof. 

  
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 “Reference Time” with respect to any determination of the Benchmark means:
(i) if the Benchmark is Three-Month Term SOFR, the time determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions, and (ii) if the Benchmark is not Three-Month Term SOFR, the time determined by the
Calculation Agent after giving effect to the Benchmark Replacement Conforming Changes. 
 “Regulatory Capital Treatment
Event” means the good faith determination by the Company that, as a result of: (i) any amendment to, or change in, the laws, rules or regulations of the United States (including, for the avoidance of doubt, any agency or
instrumentality of the United States, including the Federal Reserve and other appropriate federal bank regulatory agencies) or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of
the Notes; (ii) any proposed change in those laws, rules or regulations that is announced or becomes effective after the initial issuance of the Notes; or (iii) any official administrative decision or judicial decision or administrative
action or other official pronouncement interpreting or applying those laws, rules or regulations or policies with respect thereto that is made, adopted, approved or effective after the initial issuance of the Notes, there is more than an
insubstantial risk that the Company will not be entitled to treat the Notes then Outstanding as Tier 2 Capital (or its equivalent) for purposes of the capital adequacy rules or regulations of the Federal Reserve (or, as and if applicable, the
capital adequacy rules or regulations of any successor appropriate federal banking agency) as then in effect and applicable, for so long as any Note is Outstanding. “Appropriate federal banking agency” means the “appropriate federal
banking agency” with respect to the Company as that term is defined in Section 3(q) of the Federal Deposit Insurance Act or any successor provision. 

“Relevant Governmental Body” means the Federal Reserve and/or the FRBNY, or a committee officially endorsed or convened by
the Federal Reserve and/or the FRBNY or any successor thereto. 
 “Representative” means the (a) indenture trustee or
other trustee, agent or representative for any Senior Indebtedness or (b) with respect to any Senior Indebtedness that does not have any such trustee, agent or other representative, (i) in the case of such Senior Indebtedness issued
pursuant to an agreement providing for voting arrangements as among the holders or owners of such Senior Indebtedness, any holder or owner of such Senior Indebtedness acting with the consent of the required persons necessary to bind such holders or
owners of such Senior Indebtedness and (ii) in the case of all other such Senior Indebtedness, the holder or owner of such Senior Indebtedness. 

“Senior Indebtedness” means with respect to the Notes the principal of, and premium, if any, and interest on: (i) all
“indebtedness for money borrowed” of the Company whether outstanding on the date hereof or hereafter created, assumed or incurred, except for indebtedness that expressly states that it is subordinate in right of payment to indebtedness for
borrowed money of the Company, and (ii) any deferrals, renewals or extensions of any such indebtedness for money borrowed. The term “indebtedness for money borrowed” means any obligation of, or any obligation guaranteed by, the
Company for the repayment of money borrowed, whether or not evidenced by bonds, debentures, notes or other written instruments, any off-balance sheet guarantee obligation, any obligation under a direct credit
substitute, including any letters of credit, bankers’ acceptance, security purchases facility or similar agreement, any capitalized 

  
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lease obligation; any deferred obligation for payment of the purchase price of any property, assets or services; all obligations of the type referred to above of other persons for the payment of
which the Company is responsible or liable as obligor, guarantor or otherwise; and all obligations of the type referred to above of other persons secured by any lien on any property or asset of the Company, whether or not such obligation is assumed
by the Company. Senior Indebtedness excludes any indebtedness that: (a) expressly states that it is junior to, or ranks equally in right of payment with, the Securities of any series, (b) is identified as junior to, or equal in right of
payment with, the Securities of any series in any board resolution of the Company or in any supplemental indenture hereto, (c) constitutes trade creditor indebtedness arising in the ordinary course of business or (d) constitutes
indebtedness between or among the Company and its affiliates. 
 “SOFR” means the secured overnight financing rate
published by the FRBNY, as the administrator of the Benchmark (or a successor administrator), on the FRBNY’s Website. 

“Supplemental Indenture” has the meaning provided in the recitals. 

“Tax Event” means the receipt by the Company of an opinion of Independent Tax Counsel to the effect that as a result of:
(i) any amendment to, or change (including any announced prospective change) in, the laws or any regulations of the United States or any political subdivision or taxing authority thereof or therein; (ii) a judicial decision, administrative
action, official administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including any notice or announcement of intent to adopt or promulgate any rules, regulatory procedure or regulation (any of the
foregoing, an “administrative or judicial action”); or (iii) an amendment to or change in any official position with respect to, or any interpretation of, an administrative or judicial action or a law or regulation of the United
States that differs from the previously generally accepted position or interpretation, in the case of each of (i), (ii) and (iii) above, which change or amendment or challenge becomes effective or which pronouncement or decision or challenge is
announced on or after the original issue date of the Notes, there is more than an insubstantial risk that the interest payable on the Notes is not, or within 90 days of receipt of such opinion, will not be, deductible by the Company, in whole or in
part, for U.S. federal income tax purposes. 
 “Term SOFR” means the forward-looking term rate based on SOFR that has been
selected or recommended by the Relevant Governmental Body. 
 “Term SOFR Administrator” means any entity designated by the
Relevant Governmental Body as the administrator of Term SOFR (or a successor administrator). 
 “Three-Month Term SOFR”
means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Rate Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term
SOFR Conventions. All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one-hundred-thousandth of a percentage point, with 0.000005%
rounded up to 0.00001%. 

  
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 “Three-Month Term SOFR Conventions” means any determination, decision or
election with respect to any technical, administrative or operational matter (including with respect to the manner and timing of the publication of Three-Month Term SOFR, or changes to the definition of “interest period,” timing and
frequency of determining Three-Month Term SOFR with respect to each interest period and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Calculation Agent decides may be appropriate to reflect
the use of Three-Month Term SOFR as the Benchmark in a manner substantially consistent with market practice (or, if the Calculation Agent decides that adoption of any portion of such market practice is not administratively feasible or if the
Calculation Agent determines that no market practice for the use of Three-Month Term SOFR exists, in such other manner as the Calculation Agent determines is reasonably necessary). 

“Trustee” has the meaning provided in the recitals until a successor replaces it in accordance with the applicable provisions
of this Indenture and thereafter means the successor serving hereunder. 
 “Unadjusted Benchmark Replacement” means the
Benchmark Replacement excluding the Benchmark Replacement Adjustment. 
 “United States” or “U.S.” means
the United States of America, its territories and possessions, any state of the United States, and the District of Columbia. 
 ARTICLE II.

 FORM AND TERMS OF THE NOTES 

2.01 Designation and Principal Amount. 

(a) The Notes are hereby authorized and are designated the “4.00%
Fixed-to-Floating Rate Subordinated Notes due 2030,” unlimited in aggregate principal amount. The Notes issued on the date hereof pursuant to the terms of this
Indenture shall be in an aggregate principal amount of $50,000,000, which amount shall be set forth in the written order of the Company for the authentication and delivery of the Notes pursuant to Article II of the Base Indenture. 

(b) The Company may, from time to time, without notice to or the consent of the Holders of the Notes, create and issue additional Securities
equal in rank to and having the same terms and conditions in all respects as the Notes issued on the date hereof (except for issue date, the offering price, the interest commencement date and the first interest payment date), provided that such
additional Securities (i) either (A) shall be issued pursuant to a “qualified reopening” of the Notes for U.S. federal income tax purposes, or (B) such additional Securities are, and the Notes were, issued without original issue
discount for U.S. federal income tax purposes, or (ii) such additional Securities shall be issued under a different CUSIP number. These additional Securities will be consolidated and form a single series with the Notes. Any such additional
Securities will be consolidated and form a single series with the Notes. 
 2.02 Maturity. The principal amount of the Notes shall be
payable on September 30, 2030 (the “Maturity Date”) unless redeemed prior to such date. 

  
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 2.03 Form and Payment. 

(a) The Notes shall be issued only in fully registered book-entry form, without coupons, evidenced by global notes substantially in the form
set forth in Exhibit A attached hereto, which is incorporated herein and made part hereof. The terms and provisions contained in the Notes shall constitute, and expressly are made a part of this Supplemental Indenture. The Notes shall be issued in
denominations of $1,000 and integral multiples of $1,000 in excess thereof. 
 (b) Payments of principal and interest on the global notes
representing the Notes shall be made to the Paying Agent (defined below) which in turn shall make payment to The Depository Trust Company as the depository with respect to the Notes (the “Depository”) or its nominee. 

(c) The global notes representing the Notes shall be delivered to the Trustee as Custodian for the Depository and shall be registered, at the
request of the Depository, in the name of Cede & Co. 
 (d) U.S. Bank National Association shall act as paying agent for the Notes
(the “Paying Agent”). The Company may appoint and change the Paying Agent without prior notice to the Holders. 
 2.04
Interest. 
 (a) The Notes will bear interest at a fixed rate of 4.00% per annum from and including September 30, 2020 to but
excluding September 30, 2025 or earlier Redemption Date (the “Fixed Rate Period”). Interest accrued on the Notes during the Fixed Rate Period will be payable semi-annually in arrears on March 30 and September 30 of
each year, commencing on March 30, 2021 (each such date a “Fixed Period Interest Payment Date”). The interest payable during the Fixed Rate Period will be paid to each Holder in whose name a Note is registered at the close of
business (whether or not a Business Day) on the 15th calendar day immediately preceding the applicable Fixed Period Interest Payment Date. 

(b) From and including September 30, 2025, to but excluding the Maturity Date or earlier Redemption Date (the “Floating Rate
Period”) the Notes will bear interest at a floating rate per annum equal to the then-current Three-Month Term SOFR plus a spread of 388.5 basis points, or such other rate as determined pursuant to this Supplemental Indenture, provided that
in no event shall the applicable floating interest rate be less than zero per annum for any Floating Rate Interest Period. A “Floating Rate Interest Period” means, the period from, and including, each Floating Period Interest Payment Date
(as defined below) to, but excluding, the next succeeding Floating Period Interest Payment Date, except for the initial Floating Rate Interest Period, which will be the period from, and including, September 30, 2025 to, but excluding, the next
succeeding Floating Period Interest Payment Date. During the Floating Rate Period, interest on the Notes will be payable quarterly in arrears on March 30, June 30, September 30 and December 30 of each year, commencing on
December 30, 2025 to but excluding the Maturity Date (unless redeemed prior to the Maturity Date) (each such date, a “Floating Period Interest Payment Date”, together with each Fixed Period Interest Payment Date,

  
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an “Interest Payment Date”). The interest payable during the Floating Rate Period will be paid to each Holder in whose name a Note is registered at the close of business (whether or not
a Business Day) on the 15th calendar day immediately preceding the applicable Floating Period Interest Payment Date, provided that interest payable on the Maturity Date shall be payable to the person to whom the principal hereof is payable. Any
interest which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall cease to be payable to the Holder on the relevant record date by virtue of having been a Holder on such date, and such defaulted interest
may be paid by the Company to the person in whose name the Notes are registered at the close of business on a special record date for the payment of defaulted interest, or in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed. 
 (c) If any Interest Payment Date, including the Maturity Date, falls on a day that
is not a Business Day, the related payment will be made on the next succeeding Business Day with the same force and effect as if made on the day such payment was due (unless, with respect to a Floating Period Interest Payment Date, such day falls in
the next calendar month, in which case the Floating Period Interest Payment Date will instead be the immediately preceding day that is a Business Day, and interest will accrue to, but excluding, the Floating Period Interest Payment Date as so
adjusted), and no interest will accrue on the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be. Interest will be computed on the basis of a 360 day year consisting of twelve 30-day months to, but excluding, September 30, 2025, and, thereafter, interest will be computed on the basis of the actual number of days in a Floating Rate Interest Period and a
360-day year to, but excluding, September 30, 2030. The Company or the Calculation Agent, as applicable, shall calculate the amount of interest payable on any Interest Payment Date and the Trustee shall
have no duty to confirm or verify any such calculation. U.S. Dollar amounts resulting from interest calculations will be rounded to the nearest cent, with one-half cent being rounded upward. 

(d) The Company shall take such actions as are necessary to ensure that from the commencement of the Floating Rate Period for so long as any of
the Notes remain outstanding there will at all times be a Calculation Agent appointed to calculate Three-Month Term SOFR in respect of each Floating Rate Period. The calculation of Three-Month Term SOFR for each applicable Floating Rate Period by
the Calculation Agent will (in the absence of manifest error) be final and binding. The Calculation Agent’s determination of any interest rate and its calculation of interest payments for any period will be maintained on file at the Calculation
Agent’s principal offices, will be made available to any Holder of the Notes upon request and will be provided to the Trustee. The Calculation Agent shall have all the rights, protections and indemnities afforded to the Trustee under the Base
Indenture and hereunder. The Calculation Agent may be removed by the Company at any time. If the Calculation Agent is unable or unwilling to act as Calculation Agent or is removed by the Company, the Company will promptly appoint a replacement
Calculation Agent. The Calculation Agent may not resign its duties without a successor having been duly appointed; provided, that if a successor Calculation Agent has not been appointed by the Company and such successor accepted such position within
30 days after the giving of notice of resignation by the Calculation Agent, then the resigning Calculation Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Calculation Agent
with respect to such series. The Trustee shall not be under any duty to succeed to, assume or otherwise perform, any 

  
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duties of the Calculation Agent, or to appoint a successor or replacement in the event of the Calculation Agent’s resignation or removal or to replace the Calculation Agent in the event of a
default, breach or failure of performance on the part of the Calculation Agent with respect to the Calculation Agent’s duties and obligations hereunder. For the avoidance of doubt, if at any time there is no Calculation Agent appointed by the
Company, then the Company shall be the Calculation Agent. The Company may appoint itself or any of its affiliates to be the Calculation Agent. 

2.05 Effect of Benchmark Transition Event. 

(a) If the Calculation Agent determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred on or prior
to the Reference Time in respect of any determination of the Benchmark on any date, then the Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the Notes during the Floating Rate Period in respect of such
determination on such date and all determinations on all subsequent dates. In connection with the implementation of a Benchmark Replacement, the Calculation Agent will have the right to make Benchmark Replacement Conforming Changes from time to
time. 
 (b) Notwithstanding anything set forth in Section 2.04, if the Calculation Agent determines on or prior to the relevant
Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to Three-Month Term SOFR, then the provisions set forth in this Section 2.05 will thereafter apply to all determinations of
the interest rate on the Notes during the Floating Rate Period. After a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate on the Notes for each interest period during the Floating Rate Period will
be an annual rate equal to the Benchmark Replacement plus 388.5 basis points. 
 (c) The Calculation Agent is expressly authorized to make
certain determinations, decisions and elections under the terms of the Notes, including with respect to the use of Three-Month Term SOFR as the Benchmark and under this Section 2.05. Any determination, decision or election that may be made by
the Calculation Agent under the terms of the Notes, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
decision to take or refrain from taking any action or selection (i) will be conclusive and binding on the Holders of the Notes and the Trustee absent manifest error, (ii) if made by the Company as Calculation Agent, will be made in the
Company’s sole discretion, (iii) if made by a Calculation Agent other than the Company, will be made after consultation with the Company, and the Calculation Agent will not make any such determination, decision or election to which the
Company reasonably objects and (iv) notwithstanding anything to the contrary herein or in the Base Indenture, shall become effective without consent from the Holders of the Notes, the Trustee or any other party. If the Calculation Agent fails
to make any determination, decision or election that it is required to make under the terms of the Notes, then the Company will make such determination, decision or election on the same basis as described above. 

  
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 (d) The Company (or its Calculation Agent) shall notify the Trustee in writing (i) upon
the occurrence of the Benchmark Transition Event or the Benchmark Replacement Date, and (ii) of any Benchmark Replacements, Benchmark Replacement Conforming Changes and other items affecting the interest rate on the Notes after a Benchmark
Transition Event. 
 (e) The Trustee (including in its capacity as Paying Agent) shall have no (i) responsibility or liability for the
(A) Three-Month Term SOFR Conventions, (B) selection of an alternative reference rate to Three-Month Term SOFR (including, without limitation, whether the conditions for the designation of such rate have been satisfied or whether such rate
is a Benchmark Replacement or an Unadjusted Benchmark Replacement), (C) determination or calculation of a Benchmark Replacement, or (D) determination of whether a Benchmark Transition Event or Benchmark Replacement Date has occurred, and in
each such case under clauses (A) through (D) above shall be entitled to conclusively rely upon the selection, determination, and/or calculation thereof as provided by the Company or its Calculation Agent, as applicable, and (ii) liability
for any failure or delay in performing its duties hereunder as a result of the unavailability of a Benchmark rate as described in the definition thereof, including, without limitation, as a result of the Company’s or Calculation Agent’s
failure to select a Benchmark Replacement or the Calculation Agent’s failure to calculate a Benchmark. The Trustee shall be entitled to rely conclusively on all notices from the Company or its Calculation Agent regarding any Benchmark or
Benchmark Replacement, including, without limitation, in regards to Three-Month Term SOFR Conventions, a Benchmark Transition Event, Benchmark Replacement Date, and Benchmark Replacement Conforming Changes. The Trustee shall not be responsible or
liable for the actions or omissions of the Calculation Agent, or any failure or delay in the performance of the Calculation Agent’s duties or obligations, nor shall it be under any obligation to monitor or oversee the performance of the
Calculation Agent. The Trustee shall be entitled to conclusively rely on any determination made, and any instruction, notice, Officers’ Certificate or other instruction or information provided by the Calculation Agent without independent
verification, investigation or inquiry of any kind. The Trustee shall not be obligated to enter into any amendment or supplement hereto that adversely impacts its rights, duties, obligations, indemnities, immunities or liabilities (including,
without limitation, in connection with the adoption of any Benchmark Replacement Conforming Changes). 
 (f) If the then-current Benchmark is
Three-Month Term SOFR, the Calculation Agent will have the right to establish the Three-Month Term SOFR Conventions, and if any of the foregoing provisions concerning the calculation of the interest rate and the payment of interest during the
Floating Rate Period are inconsistent with any of the Three-Month Term SOFR Conventions determined by the Calculation Agent, then the relevant Three-Month Term SOFR Conventions will apply. 

2.06 Notes Not Convertible or Exchangeable. The Notes shall not be convertible into, or exchangeable for, any other securities of the
Company, except that the Notes shall be exchangeable for other Notes to the extent provided for in the Base Indenture. 
 2.07 No Sinking
Fund. No sinking fund shall be provided with respect to the Notes. 

  
 12 

 ARTICLE III. 

EVENTS OF DEFAULT 
 3.01
Events of Default. Article V of the Base Indenture shall apply to the Notes. 
 ARTICLE IV. 

REDEMPTION OF THE NOTES 
 4.01
Optional Redemption. 
 (a) The Notes shall not be redeemable prior to September 30, 2025, except as provided in
Section 4.01(b). The Notes shall be redeemable, in whole or in part, at the option of the Company beginning with the Interest Payment Date on September 30, 2025 and on any Interest Payment Date thereafter, at a redemption price equal to
100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date, and any such redemption may be subject to the satisfaction of one or more conditions precedent set forth in the
applicable notice of redemption. 
 (b) The Company may also, at its option, redeem the Notes at any time before the Maturity Date in whole,
but not in part, at any time within 90 days of the occurrence of a Tax Event, a Regulatory Capital Treatment Event or an Investment Company Event. Any such redemption will be at a redemption price equal to 100% of the principal amount of the Notes
to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date, and any such redemption may be subject to the satisfaction of one or more conditions precedent set forth in the applicable notice of redemption. 

(c) If the Company elects to redeem the Notes pursuant to the optional redemption provisions of Section 4.01(a) or 4.01(b), at least 45
days prior to the Redemption Date (unless a shorter notice shall be agreed to in writing by the Trustee) but not more than 60 days before the Redemption Date, the Company shall furnish to the Trustee a Company Officers’ Certificate setting
forth (i) the applicable section of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of Notes to be redeemed, (iv) the redemption price and (v) a Board
Resolution of the Company. 
 (d) In the case of a redemption pursuant to Section 4.01(a), if less than all of the Notes are to be
redeemed and the Notes are global securities, the Notes to be redeemed shall be selected on a pro rata basis or by such other method of selection, if any, that the Trustee deems fair and appropriate (and in accordance with the procedures of the
Depositary). The Trustee shall promptly notify in writing the Company of the Notes selected for redemption and, in the case of any Notes selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes
selected shall be in minimum amounts of $1,000 or integral multiples of $1,000 in excess thereof; no Notes of a principal amount of $1,000 or less shall be redeemed in part, except that if all of the Notes of a Holder are to be redeemed, the entire
outstanding amount of Notes held by such Holder, even if not equal to $1,000 or an integral multiple of $1,000 in excess thereof, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes
called for redemption also apply to portions of Notes called for redemption. 

  
 13 

 (e) Any optional redemption of the Notes will be subject to the receipt of the approval of
the Federal Reserve, to the extent then required under applicable laws or regulations, including capital regulations. 
 (f) In the case of
any redemption, at least 30 days but no more than 60 days before the Redemption Date, the Company shall send in accordance with the applicable procedures of the Depository, or if the Notes are not then global securities the Company shall mail, or
cause to be mailed, a notice of redemption by first-class mail to each Holder of Notes to be redeemed at such Holder’s registered address appearing on the register. The notice shall identify the Notes to be redeemed (including the CUSIP and/or
ISIN numbers thereof, if any) and shall state: 
  

	 	(i)	 the Redemption Date; 

 

	 	(ii)	 the principal amount of the Notes that are being redeemed; 

 

	 	(iii)	 each Place of Payment; 

 

	 	(iv)	 the redemption price and accrued interest to the Redemption Date that is payable pursuant to Article XI of the
Base Indenture; 

  

	 	(v)	 if fewer than all Outstanding Notes are to be redeemed, the portion of the principal amount of such Notes to be
redeemed and that, after the Redemption Date and upon surrender of such Notes, if applicable, a new Note or Notes in principal amount equal to the unredeemed portion will be issued; 

 

	 	(vi)	 the name and address of the Paying Agent; 

 

	 	(vii)	 that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price;

  

	 	(viii)	 that unless the Company defaults in making the redemption payment, interest on Notes called for redemption
ceases to accrue on and after the Redemption Date; 

  

	 	(ix)	 if such notice is conditioned upon the satisfaction of one or more conditions precedent, the nature of such
conditions precedent; 

  

	 	(x)	 the applicable section of this Indenture pursuant to which the Notes called for redemption are being redeemed;
and 

  

	 	(xi)	 that no representation is made as to the correctness or accuracy of the CUSIP and/or ISIN numbers, if any,
listed in such notice or printed on the Notes. 

  
 14 

 The Company may state in the notice of redemption that payment of the redemption price and performance of
its obligations with respect to redemption or purchase may be performed by another Person. 
 At the Company’s written request, the Trustee shall give
the notice of redemption in the Company’s name and at its expense; provided, that the Company shall have delivered to the Trustee, at least 45 days prior to the Redemption Date, a Company Officers’ Certificate requesting that the Trustee
give such notice and attaching a copy of such notice, which shall set forth the information to be stated in such notice as provided in this Section 4.01. If any condition precedent to a redemption has not been satisfied, the Company will
provide written notice to the Trustee not less than two Business Days prior to the Redemption Date that such condition precedent has not been satisfied, the notice of redemption is rescinded or delayed and the redemption subject to the satisfaction
of such condition precedent shall not occur or shall be delayed. The Trustee shall, upon receipt of such written notice, promptly send a copy of such notice to the Holders of the Notes. 

ARTICLE V. 
 SUBORDINATION OF
SECURITIES 
 5.01 Agreement of Subordination. The Company covenants and agrees, and each Holder by accepting a Note likewise
covenants and agrees, that all Notes shall be issued subject to the provisions of this Article; and each Person holding any Note, whether upon original issue or upon transfer, assignment or exchange thereof, accepts and agrees to be bound by such
provisions. 
 The payment of the principal of, interest on and any Redemption Price for the Notes shall, to the extent and in the manner
hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date of the Indenture or thereafter incurred. The Notes will also be subordinated in right of
payment to all “other company obligations,” which is defined to include obligations of the Company associated with derivative products, including but not limited to securities contracts, foreign currency exchange contracts, swap agreements
(including interest rate and currency exchange contracts and foreign exchange rate swap agreements), cap agreements, floor agreements, collar agreements, interest rate agreements, foreign exchange rate agreements, options, commodity futures
contracts, commodity option contracts and similar financial instruments, unless the instrument by which the Company incurred, assumed or guaranteed the obligation expressly provides that it is subordinate or junior in right of payment to any other
indebtedness or obligations of the Company. 
 No provision of this Article shall prevent the occurrence of any Default or Event of Default
hereunder. 
 5.02 Payments to Holders. No payment or distribution shall be made with respect to the principal of, interest on or any
Redemption Price for the Notes, except for payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 5.05, if: 

  
 15 

 (a) (i) a default in the payment of principal, premium, interest or other obligations
constituting Senior Indebtedness occurs and is continuing (or, in the case of Senior Indebtedness for which there is a period of grace, such a default occurs and continues beyond the period of grace specified in the instrument or lease evidencing
such Senior Indebtedness), unless and until such default shall have been cured or waived or shall have ceased to exist, and (ii) a Trust Officer of the Trustee receives a written notice of such default from a Representative or the Company; or

 (b) (i) a default under any Senior Indebtedness (other than a default described in clause (a) above) occurs and is continuing, if the
effect of such default is to permit holders of such Senior Indebtedness to accelerate its maturity, and (ii) a Trust Officer of the Trustee receives a notice of such default from a Representative or the Company (a “Payment Blockage
Notice”). 
 Upon the Trustee’s receipt of a Payment Blockage Notice, no subsequent Payment Blockage Notice shall be effective
for purposes of this Section unless and until (A) at least 365 days shall have elapsed since the initial effectiveness of the immediately prior Payment Blockage Notice and (B) all scheduled payments of principal of, interest on and any
Redemption Price for the Notes that have come due have been paid in full in cash. No default described in clause (b) above that existed or was continuing on the date of delivery of any Payment Blockage Notice shall be, or be made, the basis for
a subsequent Payment Blockage Notice. 
 The Company may and shall resume payments on and distributions in respect of the Notes upon the
earlier of: 
  

	 	(i)	 the date upon which the default is cured or waived or ceases to exist, or 

 

	 	(ii)	 in the case of a default described in clause (b) above, the 180th day after receipt of the corresponding
Payment Blockage Notice, unless the maturity of such Senior Indebtedness has been accelerated or this Article otherwise prohibits such payment or distribution at the time thereof. 

Upon any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash, property or Notes, to
creditors upon any dissolution or winding-up or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency, receivership or other proceedings, all amounts due
or to become due upon all Senior Indebtedness shall first be paid in full in cash or other payment satisfactory to the holders of such Senior Indebtedness, or payment thereof in accordance with its terms provided for in cash or other payment
satisfactory to the holders of such Senior Indebtedness, before any payment is made on account of the principal of or interest on the Notes (except payments made pursuant to Article V of the Base Indenture from monies deposited with the Trustee
pursuant thereto prior to commencement of proceedings for such dissolution, winding-up, liquidation or reorganization); and upon any such dissolution or winding-up or
liquidation or reorganization of the Company or bankruptcy, insolvency, receivership or other proceeding, any payment by the Company, or distribution of assets of the Company of any kind or character, whether in cash,

  
 16 

 
property or Notes, to which the Holders or the Trustee would be entitled, except for the provision of this Article, shall (except as aforesaid) be paid by the Company or by any receiver, trustee
in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, or by the Holders or by the Trustee under the Indenture if received by them or it, directly to the holders of Senior Indebtedness (pro rata to such
holders on the basis of the respective amounts of Senior Indebtedness held by such holders, or as otherwise required by law or a court order) or to their Representative, as their respective interests may appear, to the extent necessary to pay all
Senior Indebtedness in full, in cash or other payment satisfactory to the holders of such Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness, before any payment or
distribution or provision therefor is made to the Holders or to the Trustee. Whenever a distribution is to be made or a notice given to the holders of Senior Indebtedness, the distribution may be made and the notice given to their Representative.

 For purposes of this Article, the words, “cash, property or Notes” shall not be deemed to include shares of stock of the
Company as reorganized or readjusted, or Notes of the Company or any other Person provided for by a plan of reorganization or readjustment, the payment of which is subordinated at least to the extent provided in this Article with respect to the
Notes to the payment of all Senior Indebtedness which may at the time be outstanding; provided that (i) the Senior Indebtedness is assumed by the new Person, if any, resulting from any reorganization or readjustment, and (ii) the rights of
the holders of Senior Indebtedness (other than leases which are not assumed by the Company or the new Person, as the case may be) are not, without the consent of such holders, altered by such reorganization or readjustment. 

The consolidation of the Company with, or the merger of the Company into, another Person, or the liquidation or dissolution of the Company
following the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another Person upon the terms and conditions provided for in Article VIII of the Base Indenture shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section if such other Person shall, as a part of such consolidation, merger, conveyance or transfer, comply with the conditions stated in Article
VIII of the Base Indenture. 
 In the event of the acceleration of the Notes because of an Event of Default, no payment or distribution
shall be made to the Trustee or any Holder in respect of the principal of or interest on the Notes (including, but not limited to, the Redemption Price with respect to the Notes called for redemption in accordance with Section 4.01(b)), except
payments and distributions made by the Trustee as permitted by the first or second paragraph of Section 5.05, until all Senior Indebtedness has been paid in full in cash or other payment satisfactory to the holders of Senior Indebtedness or
such acceleration is rescinded in accordance with the terms of the Indenture. If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify holders of Senior Indebtedness of the acceleration at the address
set forth in the notice from the Representative to the Trustee as being the address to which the Trustee should send its notice pursuant to this Section, unless there are no payment obligations of the Company thereunder and all obligations
thereunder to extend credit have been terminated or expired. 

  
 17 

 In the event that, notwithstanding the foregoing provisions, any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or Notes (including by way of setoff or otherwise), prohibited by the foregoing, shall be received by the Trustee or the Holders before all Senior Indebtedness is paid in full
in cash or other payment satisfactory to the holders of such Senior Indebtedness, or provision is made for such payment thereof in accordance with its terms in cash or other payment satisfactory to the holders of such Senior Indebtedness, such
payment or distribution shall be held in trust for the benefit of and shall be paid over or delivered to the holders of Senior Indebtedness or their Representative, as their respective interests may appear, as calculated by the Company and directed
by the Company pursuant to a Company Order, for application to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to pay all Senior Indebtedness in full in cash or other payment satisfactory to the holders of such Senior
Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of such Senior Indebtedness. 
 Nothing in
this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607 of the Base Indenture. This Section shall be subject to the further provisions of Section 5.05. For the avoidance of doubt, such payments
are not subordinated to the Company’s Senior Indebtedness. 
 5.03 Subrogation of Notes. Subject to the payment in full of all
Senior Indebtedness, the rights of the Holders shall be subrogated to the extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to the provisions of this Article (equally and ratably with the holders of all
indebtedness of the Company which by its express terms is subordinated to other indebtedness of the Company to substantially the same extent as the Notes are subordinated and is entitled to like rights of subrogation) to the rights of the holders of
Senior Indebtedness to receive payments or distributions of cash, property or Notes of the Company applicable to the Senior Indebtedness until the principal and interest on the Notes shall be paid in full; and, for the purposes of such subrogation,
no payments or distributions to the holders of the Senior Indebtedness of any cash, property or Notes to which the Holders or the Trustee would be entitled except for the provisions of this Article, and no payment over pursuant to the provisions of
this Article, to or for the benefit of the holders of Senior Indebtedness by Holders or the Trustee, shall, as between the Company, its creditors other than holders of Senior Indebtedness, and the Holders, be deemed to be a payment by the Company to
or on account of the Senior Indebtedness; and no payments or distributions of cash, property or Notes to or for the benefit of the Holders pursuant to the subrogation provisions of this Article, which would otherwise have been paid to the holders of
Senior Indebtedness shall be deemed to be a payment by the Company to or for the account of the Notes. It is understood that the provisions of this Article are and are intended solely for the purposes of defining the relative rights of the Holders,
on the one hand, and the holders of the Senior Indebtedness, on the other hand. 
 Nothing contained in this Article or elsewhere in the
Indenture or in the Notes is intended to or shall impair, as among the Company, its creditors other than the holders of Senior Indebtedness, and the Holders, the obligation of the Company, which is absolute and unconditional, to pay to the Holders
the principal of and interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the Holders and creditors of the Company other than the holders of
the Senior Indebtedness, nor shall anything herein or therein prevent the Trustee or the Holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under the Indenture, subject to the rights, if any, under
this Article of the holders of Senior Indebtedness in respect of cash, property or Notes of the Company received upon the exercise of any such remedy. 

  
 18 

 Upon any payment or distribution of assets of the Company referred to in this Article, the
Trustee, subject to the provisions of Section 601 of the Base Indenture, and the Holders shall be entitled to conclusively rely upon any order or decree made by any court of competent jurisdiction in which such bankruptcy, dissolution, winding-up, liquidation or reorganization proceedings are pending, or a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other Person making such payment or distribution, delivered
to the Trustee or to the Holders, for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon and all
other facts pertinent thereto or to this Article. 
 5.04 Authorization to Effect Subordination. Each Holder of a Note, by the
acceptance thereof, authorizes and directs the Trustee on the Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article and appoints the Trustee to act as the
Holder’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any
proceeding referred to in Section 504 of the Base Indenture hereof at least 30 days before the expiration of the time to file such claim, the holders of any Senior Indebtedness or their Representative are hereby authorized to file an
appropriate claim for and on behalf of the Holders. 
 5.05 Notice to Trustee. The Company shall give prompt written notice to a Trust
Officer of the Trustee and to any paying agent of any fact known to the Company which would prohibit the making of any payment of monies to or by the Trustee or any Paying Agent pursuant to the provisions of this Article. Notwithstanding the
provisions of this Article or any other provision of the Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment of monies to or by the Trustee in respect of the Notes
pursuant to the provisions of this Article, unless and until a Trust Officer of the Trustee shall have received written notice thereof at the Corporate Trust Office; and before the receipt of any such written notice, the Trustee, subject to
Section 601 of the Base Indenture, shall be entitled in all respects to conclusively assume that no such facts exist; provided that if on a date not fewer than two Business Days prior to the date upon which by the terms hereof any such monies
may become payable for any purpose (including the payment of the principal of or interest on any Note) the Trustee shall not have received, with respect to such monies, the notice provided for in this Section, then, anything herein contained to the
contrary notwithstanding, the Trustee shall have full power and authority to receive such monies and to apply the same to the purpose for which they were received, and shall not be affected by any notice to the contrary which may be received by it
on or after such prior date. 
 Notwithstanding anything in this Article to the contrary, nothing shall prevent any payment by the Trustee
to the Holders of monies deposited with it pursuant to Section 401 of the Base Indenture, and any such payment shall not be subject to the provisions of Section 5.01 or 5.02. 

  
 19 

 The Trustee, subject to the provisions of Section 601 of the Base Indenture, shall be
entitled to conclusively rely on the delivery to it of a written notice by a Representative or a Person representing himself or herself to be a holder of Senior Indebtedness (or a trustee on behalf of such holder) to establish that such notice has
been given by a Representative or a holder of Senior Indebtedness or a trustee on behalf of any such holder or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person
as a holder of Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Indebtedness
held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such evidence is not furnished the Trustee may
defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
 5.06
Trustee’s Relation to Senior Indebtedness. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article in respect of any Senior Indebtedness at any time held by it, to the same extent as any other
holder of Senior Indebtedness, and nothing in Section 613 of the Base Indenture or elsewhere in the Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to the Company’s obligations
to the Trustee under Section 607 of the Base Indenture. 
 With respect to the holders of Senior Indebtedness, the Trustee undertakes to
perform or to observe only such of its covenants and obligations as are specifically set forth in this Article, and no implied covenants or obligations with respect to the holders of Senior Indebtedness shall be read into the Indenture against the
Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and, subject to the provisions of Section 601 of the Base Indenture, the Trustee shall not be liable to any holder of Senior Indebtedness
if it shall pay over or deliver to Holders, the Company or any other Person money or assets to which any holder of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. 

5.07 No Impairment of Subordination. No right of any present or future holder of any Senior Indebtedness to enforce subordination as
herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any noncompliance by the Company with the terms,
provisions and covenants of the Indenture, regardless of any knowledge thereof which any such holder may have or otherwise be charged with. 

5.08 Article Applicable to Paying Agents. If at any time any Paying Agent other than the Trustee shall have been appointed by the
Company and be then acting hereunder, the term “Trustee” as used in this Article shall (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and
purposes as if such Paying Agent were named in this Article in addition to or in place of the Trustee; provided, however, that the first paragraph of Section 5.05 shall not apply to the Company or any Affiliate of the Company if it or such
Affiliate acts as Paying Agent. 
 5.09 Senior Indebtedness Entitled to Rely. The holders of Senior Indebtedness (including Senior
Indebtedness) shall have the right to rely upon this Article, and no amendment or modification of the provisions contained herein shall diminish the rights of such holders unless such holders shall have agreed in writing thereto. 

  
 20 

 ARTICLE VI. 

MISCELLANEOUS 
 6.01
Ratification of Base Indenture. The Base Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the
manner and to the extent herein and therein provided. 
 6.02 Trust Indenture Act Controls. If any provision hereof limits, qualifies
or conflicts with the duties imposed by Section 310 through 317 of the Trust Indenture Act of 1939, the imposed duties shall control. 

6.03 Conflict with Base Indenture. To the extent not expressly amended or modified by this Supplemental Indenture, the Base Indenture
shall remain in full force and effect. If any provision of this Supplemental Indenture relating to the Notes is inconsistent with any provision of the Base Indenture, the provision of this Supplemental Indenture shall control. 

6.04 Governing Law. This Indenture and the Securities shall be governed by and construed in accordance with the law of the state of New York
without reference to its principles of conflict of laws (other than Section 5-1401 of the General Obligations Law). 

6.05 Successors. All agreements of the Company in the Base Indenture, this Supplemental Indenture and the Notes shall bind its
successors. All agreements of the Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. 
 6.06
Counterparts and Electronic Execution. This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same
instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in
lieu of the original Supplemental Indenture and signature pages for all purposes. All notices, approvals, consents, requests and any communications hereunder must be in writing (provided that any communication sent to Trustee hereunder must
be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign (or such other digital signature provider as specified in writing to Trustee by the Company)), in English. The Company agrees to assume all
risks arising out of the use of using digital signatures and electronic methods to submit communications to Trustee, including without limitation the risk of Trustee acting on unauthorized instructions, and the risk of interception and misuse by
third parties. 
 6.07 Trustee Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity or
adequacy of this Supplemental Indenture or the Notes, shall not be accountable for the Company’s use of the proceeds from the sale of the Notes, shall not be responsible for the use or application of any money received by any Paying Agent other
than the Trustee or any money paid to the Company pursuant to the terms of this Indenture, and shall not be responsible for any statement of the Company in this Supplemental Indenture or in any document issued in connection with the sale of the
Notes or in the Notes other than the Trustee’s certificate of authentication. 
 [Signature page follows] 

  
 21 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	PREMIER FINANCIAL CORP.
		
	By:	 	 /s/ Paul D. Nungester, Jr.

			
	Name: Paul D. Nungester, Jr.
	Title: Executive Vice President and Chief Financial Officer
	
	
U.S. BANK NATIONAL ASSOCIATION, as Trustee

 
			
		
	By:	 	 /s/ Katherine A. Esber

			
	Name: Katherine A. Esber
	Title: Vice President

 Signature Page to First Supplemental Indenture 

 EXHIBIT A 

FORM OF NOTE 
 THIS SECURITY AND THE
OBLIGATIONS OF THE COMPANY (AS DEFINED HEREIN) AS EVIDENCED HEREBY (1) ARE NOT DEPOSITS WITH OR HELD BY THE COMPANY AND ARE NOT INSURED OR GUARANTEED BY ANY FEDERAL AGENCY OR INSTRUMENTALITY, INCLUDING, WITHOUT LIMITATION, THE FEDERAL DEPOSIT
INSURANCE CORPORATION, AND (2) ARE SUBORDINATE IN THE RIGHT OF PAYMENT TO THE SENIOR INDEBTEDNESS (AS DEFINED IN THE INDENTURE IDENTIFIED HEREIN). 

GLOBAL NOTE 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES. 
 UNLESS AND UNTIL THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REREGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE TO CEDE &
CO OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OF TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-1 

 PREMIER FINANCIAL CORP. 

4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 

 

			
	No. A-1	  	CUSIP: 74052F AA6
	$46,000,000	  	ISIN: US74052FAA66

 PREMIER FINANCIAL CORP., an Ohio corporation (together with any successor Corporation under the Indenture
hereinafter referred to, the “Company”), for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the principal sum of FORTY SIX MILLION DOLLARS ($46,000,000) on September 30, 2030 (the
“Stated Maturity Date”), unless redeemed prior to such date, and to pay interest thereon (i) from and including September 30, 2020, to but excluding September 30, 2025, unless redeemed prior to such date (such period,
the “Fixed Rate Period”), at a rate of 4.00% per annum, semi-annually in arrears on March 30 and September 30 of each year, commencing on March 30, 2021 (each such date, a “Fixed Rate Interest Payment
Date”) and (ii) from and including September 30, 2025, to but excluding the Stated Maturity Date or earlier Redemption Date (such period, the “Floating Rate Period”), at a rate equal to Three-Month Term SOFR,
reset quarterly, plus 388.5 basis points, or such other rate as may be determined pursuant to the Supplemental Indenture hereinafter referred to, quarterly in arrears on March 30, June 30, September 30 and December 30 of each
year, commencing on December 30, 2025, and ending on the Stated Maturity Date or earlier Redemption Date (each such date, a “Floating Rate Interest Payment Date” and, together with each Fixed Rate Interest Payment Date, each an
“Interest Payment Date”). The amount of interest payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day year consisting of
twelve 30-day months, and the amount of interest payable on any Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a
360-day year and the actual number of days elapsed. If any Interest Payment Date or the Stated Maturity Date falls on a day that is not a Business Day, payment may be made on the next succeeding Business Day
and no interest on such payment will accrue for the period of such delay; provided that if any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day falls in the next succeeding
calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and in each such case the amount payable on such Business Day will include interest accrued to but excluding such Business Day.
All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%. 

Payment of the principal of and interest on this Note will be made in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. 
 Reference is hereby made to the further provisions of this Note set
forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

  
 A-2 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	PREMIER FINANCIAL CORP.
		
	By:	 	              

	Name:	 	  

	Title:	 	  

  
 A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated and referred to in the within-mentioned Indenture. 

Date of authentication: 
  

					
	  
	 		 	U.S. BANK NATIONAL ASSOCIATION,
as Trustee
			
		 		 	Authorized Signatory
			
		 		 	By:
		 		 	Name:
		 		 	Title:

  
 A-5 

 PREMIER FINANCIAL CORP. 

4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 

 

			
	No. IAI-1	  	CUSIP: 74052F AB4
	$4,000,000	  	ISIN: US74052FAB40

 PREMIER FINANCIAL CORP., an Ohio corporation (together with any successor Corporation under the Indenture
hereinafter referred to, the “Company”), for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the principal sum of FOUR MILLION DOLLARS ($4,000,000) on September 30, 2030 (the
“Stated Maturity Date”), unless redeemed prior to such date, and to pay interest thereon (i) from and including September 30, 2020, to but excluding September 30, 2025, unless redeemed prior to such date (such period,
the “Fixed Rate Period”), at a rate of 4.00% per annum, semi-annually in arrears on March 30 and September 30 of each year, commencing on March 30, 2021 (each such date, a “Fixed Rate Interest Payment
Date”) and (ii) from and including September 30, 2025, to but excluding the Stated Maturity Date or earlier Redemption Date (such period, the “Floating Rate Period”), at a rate equal to Three-Month Term SOFR,
reset quarterly, plus 388.5 basis points, or such other rate as may be determined pursuant to the Supplemental Indenture hereinafter referred to, quarterly in arrears on March 30, June 30, September 30 and December 30 of each
year, commencing on December 30, 2025, and ending on the Stated Maturity Date or earlier Redemption Date (each such date, a “Floating Rate Interest Payment Date” and, together with each Fixed Rate Interest Payment Date, each an
“Interest Payment Date”). The amount of interest payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day year consisting of
twelve 30-day months, and the amount of interest payable on any Floating Rate Interest Payment Date during the Floating Rate Period will be computed on the basis of a
360-day year and the actual number of days elapsed. If any Interest Payment Date or the Stated Maturity Date falls on a day that is not a Business Day, payment may be made on the next succeeding Business Day
and no interest on such payment will accrue for the period of such delay; provided that if any scheduled Floating Rate Interest Payment Date falls on a day that is not a Business Day and the next succeeding Business Day falls in the next succeeding
calendar month, such Floating Rate Interest Payment Date will be accelerated to the immediately preceding Business Day, and in each such case the amount payable on such Business Day will include interest accrued to but excluding such Business Day.
All percentages used in or resulting from any calculation of Three-Month Term SOFR shall be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005% rounded up to 0.00001%. 

Payment of the principal of and interest on this Note will be made in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts. 
 Reference is hereby made to the further provisions of this Note set
forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

  
 A-6 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-7 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by its duly authorized officer. 
  

			
	PREMIER FINANCIAL CORP.
		
	By:	 	              

	Name: Donald P. Hileman
	Title: Chief Executive Officer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated and referred to in the within-mentioned Indenture. 

Date of authentication: September 30, 2020 
  

			
	U.S. BANK NATIONAL ASSOCIATION,
as Trustee
	
	Authorized Signatory
		
	By:	 	          

	Name: Katherine Esber
	Title: Vice President

 REVERSE OF NOTE 

PREMIER FINANCIAL CORP. 
 4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 
 This Note is
one of a duly authorized issue of Securities of the Company of a series designated as the “4.00% Fixed-to-Floating Rate Subordinated Notes due 2030” (the
“Notes”) initially issued in an aggregate principal amount of $50,000,000 on September 30, 2020. Such series of Securities has been established pursuant to, and is one of an indefinite number of series of subordinated debt
securities of the Company issued or issuable under and pursuant to the Indenture dated as of September 30, 2020 (the “Base Indenture” and, as the same may from time to time be amended, supplemented or otherwise modified in
accordance therewith, including by the Supplemental Indenture referred to below, the “Indenture”), between the Company and U.S. Bank National Association, as Trustee (together with any successor trustee, the
“Trustee”), as supplemented and amended by the First Supplemental Indenture dated as of September 30, 2020, between the Company and the Trustee (the “Supplemental Indenture”), to which Indenture and any other
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties, privileges, indemnities and immunities thereunder of the Company, the Trustee and the Persons in whose names
Notes are registered from time to time and of the terms upon which the Notes are, and are to be, authenticated and delivered. The terms, conditions and provisions of the Notes are those stated in the Indenture, those made part of the Indenture by
reference to the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”), and those set forth in this Note. To the extent that the provisions of this Note modify, supplement or are inconsistent with those of the
Indenture, then the provisions of this Note shall govern to the extent that such provisions of this Note are not inconsistent with (i) the provisions of the Supplemental Indenture or (ii) the provisions made part of the Indenture by
reference to the Trust Indenture Act. 
 All capitalized terms used in this Note and not defined herein that are defined in the Indenture
shall have the meanings assigned to them in the Indenture. 
 The indebtedness of the Company evidenced by the Notes, including the
principal thereof and interest thereon, (i) to the extent and in the manner set forth in the Indenture, is subordinate and subject in right of payment to the prior payment in full of all Senior Indebtedness, whether outstanding at the date
hereof or hereafter incurred, on the terms and subject to the terms and conditions set forth in the Indenture, and (ii) shall rank pari passu in right of payment with all other Securities and with all other unsecured subordinated
indebtedness of the Company that is not by its terms subordinate and subject in right of payment to the prior payment in full of debentures, notes, bonds or other evidences of indebtedness of types that include the Notes. Each Holder of this Note,
by the acceptance hereof, agrees to and shall be bound by such provisions of the Indenture and authorizes and directs the Trustee on such Holder’s behalf to take such actions as may be necessary or appropriate to effectuate the subordination so
provided. 

 The Notes are intended to be treated as Tier 2 Capital (or its then-equivalent if the
Company were subject to such capital requirement) for purposes of capital adequacy rules or regulations of the Board of Governors of the Federal Reserve System (or any successor regulatory authority with jurisdiction over bank holding companies)
(the “Federal Reserve”) as applicable to the Company and as the same may be amended or supplemented from time to time. If an Event of Default with respect to the Notes shall occur and be continuing, the principal and interest owed
on the Notes shall only become due and payable in accordance with the terms and conditions set forth in Article V of the Base Indenture and Section 5.02 of the Supplemental Indenture. Accordingly, the Holder has no right to accelerate the
maturity of this Note in the event that the Company fails to pay interest on any of the Notes, or fails to perform any other obligations under the Notes or in the Indenture that are applicable to the Notes. 

The Company may, at its option, redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the
Notes to be redeemed, plus accrued and unpaid interest (the “Redemption Price”) to, but excluding, the date of redemption (the “Redemption Date”), on any Interest Payment Date on or after September 30, 2025.
The Company may also, at its option, redeem the Notes before the Stated Maturity Date, in whole, but not in part, at any time, upon the occurrence of an Investment Company Event, a Tax Event, or a Regulatory Capital Treatment Event. Any such
redemption will be at a redemption price equal to the Redemption Price to, but excluding, the Redemption Date fixed by the Company. No redemption of the Notes by the Company prior to the Stated Maturity Date shall be made without the prior approval
of the Federal Reserve if such prior approval is or will be required at the scheduled Redemption Date. The provisions of Article XI of the Base Indenture and Section 4.01 of the Supplemental Indenture shall apply to the redemption of any Notes
by the Company. 
 The Notes are not entitled to the benefit of any sinking fund. The Notes are not convertible into or exchangeable for any
other securities or property of the Company or any Subsidiary of the Company. 
 In the event that any payment on the Notes is subject to
withholding of any U.S. federal income tax or other tax or assessment (as a result of a change in law or otherwise), the Company will not pay additional amounts with respect to such tax or assessment. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders at any time by the Company and the Trustee with the consent of the Holders of at least a majority in principal amount of the Outstanding Notes. The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the Company with certain provisions of the Indenture and to waive certain past Defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or
in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Securities Register described in Section 305 of the Base Indenture, upon surrender of this Note for registration of transfer at the
office or agency of the Company in any place where the principal of and interest on this Note are payable, duly endorsed, or accompanied by a written instrument of transfer in form satisfactory to the

 
Company and the Security Registrar and duly executed, by the Holder hereof or its attorney duly authorized in writing, and thereupon one or more new Notes, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are issuable only in registered
form without coupons in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. 
 The Company and the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary. 
 This Security is a global note, represented by one or more permanent global certificates
registered in the name of the nominee of The Depository Trust Company (each a “Global Note” and collectively, the “Global Notes”). Accordingly, unless and until it is exchanged for individual certificates, this Note
may not be transferred except as a whole (i) by The Depository Trust Company (the “Depositary”) to a nominee of the Depositary, (ii) by a nominee of the Depositary to the Depositary or another nominee of the Depositary, or
(iii) by the Depositary or a nominee of the Depositary to a successor depositary or any nominee of such successor. Ownership of beneficial interests in this Security will be shown on, and the transfer of that ownership will be effected only
through, records maintained by the applicable Depositary or its nominee (with respect to interests of persons that have accounts with the Depositary (“Participants”)) and the records of Participants (with respect to interests of
persons other than Participants). Beneficial interests in Notes owned by persons that hold through Participants will be evidenced only by, and transfers of such beneficial interests with such Participants will be effected only through, records
maintained by such Participants. Except as provided below, owners of beneficial interests in this Note will not be entitled to have any individual certificates and will not be considered the owners or Holders thereof under the Indenture. 

Except in the limited circumstances set forth in the Base Indenture, Participants and owners of beneficial interests in the Global Notes
will not be entitled to receive Notes in the form of individual certificates and will not be considered Holders. None of the Company, the Trustee, the Security Registrar, the Paying Agent or any of their respective agents will be liable for any
delay by the Depositary, its nominee or any direct or indirect Participant in identifying the beneficial owners of the related Notes. The Company, the Trustee, the Security Registrar, the Paying Agent and each of their respective agents may
conclusively rely on, and will be protected in relying on, instructions from the Depositary or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the Notes to be issued.

 Except as provided in Section 305 of the Base Indenture, beneficial owners of Global Notes will not be entitled to receive
physical delivery of Notes in the form of individual certificates, and no Global Note will be exchangeable except for another Global Note of like denomination and tenor to be registered in the name of the Depositary or its nominee. Accordingly, each
person owning a beneficial interest in a Global Note must rely on the procedures of the Depositary and, if such person is not a Participant, on the procedures of the Participant through which such person owns its interest, to exercise any rights of
a Holder under the Notes. 

 The laws of some jurisdictions may require that certain purchasers of securities take
physical delivery of those securities in definitive form. Accordingly, the ability to transfer interests in the Notes represented by a Global Note to those persons may be limited. In addition, because the Depositary can act only on behalf of its
Participants, who in turn act on behalf of persons who hold interests through Participants, the ability of a person having an interest in Notes represented by a Global Note to pledge or transfer such interest to persons or entities that do not
participate in the Depositary’s system, or otherwise to take actions in respect of such interest, may be affected by the lack of an individual certificate in respect of such interest. None of the Company, the Trustee, the Paying Agent and the
Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of Notes by the Depositary, or for maintaining, supervising or reviewing any records of the Depositary relating to the
Notes. 
 The Trustee will act as the Company’s Paying Agent with respect to the Notes through its Corporate Trust
Office presently located at 10 West Broad Street, 12th Floor, Columbus, OH 43215. The Company may at any time rescind the designation of a Paying Agent, appoint a
successor Paying Agent, or approve a change in the office through which any Paying Agent acts. 
 Notices to the Holders of individual
certificates will be given to such Holders at their respective addresses in the Register, or in the case of Global Notes, electronic delivery in accordance with DTC’s applicable procedures. 

The Indenture contains provisions setting forth certain conditions to the institution of proceedings by the Holders of Notes with respect to
the Indenture or for any remedy under the Indenture. 
 This Note shall be governed by and construed in accordance with the law of the state
of New York without reference to its principles of conflict of laws (other than Section 5-1401 of the General Obligations Law). 

 ASSIGNMENT FORM 

To assign the within Security, fill in the form below: 
 I or we
assign and transfer the within Security to: 
  

	
	              

	(Insert assignee’s legal name)
	  

	(Insert assignee’s social security or tax I.D. number)
	  

	(Print or type assignee’s name, address and zip code)

 and irrevocably appoint the Trustee as agent to transfer this Security on the books of Premier Financial Corp. The agent
may substitute another to act for it. 
  

			
	Your Signature:	  	              

		  	(Sign exactly as your name appears on the other side of this Security)
	Your Name:	  	              

	Date:	  	              

	Signature	  	
	Guarantee:	  	              

 SIGNATURE GUARANTEE 

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which
requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-14EX-10.1

 Exhibit 10.1 

Execution Version 

$50.0 Million Aggregate Principal Amount 

of 
 4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 

Premier Financial Corp. 

PURCHASE AGREEMENT 

September 25, 2020 
 Piper Sandler &
Co. 
 As Representative of the several 
 Initial Purchasers
named in Schedule A hereto 
 c/o Piper Sandler & Co. 

1251 Avenue of the Americas, 6th Floor New 
 York, New York 10020

 Ladies and Gentlemen: 
 Premier Financial
Corp., an Ohio corporation (the “Company”), proposes to issue and sell to the several initial purchasers named in Schedule A hereto (the “Initial Purchasers” or “you”) $50.0 million
aggregate principal amount of its 4.00% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Securities”). Piper Sandler & Co.
(“Piper”) has agreed to act as representative of the several Initial Purchasers (in such capacity, the “Representative”) in connection with the offering and sale of the Securities. The Securities will (i) have
the terms and provisions that are summarized in the Offering Memorandum (as defined below), and (ii) be issued pursuant to an Indenture between the Company, as issuer, and U.S. Bank National Association, as the trustee (the
“Trustee”), dated as of September 30, 2020 (“Base Indenture”), as amended and supplemented by a supplemental indenture between the Company and the Trustee, dated as of September 30, 2020
(“Supplemental Indenture” and together with the Base Indenture, the “Indenture”), and pursuant to the pricing terms attached hereto as Schedule C. This Agreement is to confirm the agreement between the
Company and the Initial Purchasers concerning the purchase of the Securities from the Company by the Initial Purchasers. 
 The Securities
will be offered and sold to the Initial Purchasers without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on an exemption pursuant to Section 4(a)(2) under the Securities Act. The
Company has prepared a preliminary offering memorandum, dated September 23, 2020 (the “Preliminary Offering Memorandum”), an investor slide deck presentation, dated September 23, 2020, substantially in the form attached
hereto as Schedule B (the “Investor Presentation”), a pricing term sheet substantially in the form attached hereto as Schedule C (the “Pricing Term Sheet”) setting forth the terms of
the Securities omitted from the Preliminary Offering Memorandum and the Investor Presentation, and an offering memorandum, dated the date hereof (the “Offering Memorandum”), setting forth information regarding the Company and the
Securities. Each of the Preliminary Offering Memorandum, the Investor Presentation and the Offering Memorandum have been prepared by the Company for use by the Initial Purchasers in connection with the Exempt Resales (as defined below). 

 The Preliminary Offering Memorandum, as supplemented and amended as of the Applicable Time
(as defined below), together with the Investor Presentation and the Pricing Term Sheet, are collectively referred to as the “Pricing Disclosure Package”. The Company hereby confirms that it has authorized the use of the Pricing
Disclosure Package and the Offering Memorandum in connection with the offering and resale of the Securities by the Initial Purchasers. “Applicable Time” means 3:30 p.m. (New York City time) on the date of this Agreement. 

The Initial Purchasers have advised the Company that they will offer and resell (the “Exempt Resales”) the Securities
purchased by them hereunder on the terms set forth in each of the Pricing Disclosure Package and the Offering Memorandum, as amended or supplemented, solely to persons whom the Initial Purchasers reasonably believe to be a “qualified
institutional buyer” as defined in Rule 144A under the Securities Act (“Rule 144A”) (a “QIB”) or an institutional “accredited investor” within the meaning of Rule 501(a)(1),(2),(3) or (7) under
the Securities Act (an “IAI”), (each QIB and IAI, an “Eligible Purchaser”). 
 This Agreement, the
Indenture and the Securities are collectively referred to herein as the “Transaction Documents,” and the transactions contemplated hereby and thereby are collectively referred to herein as the “Transactions.” 

All references in this Agreement to the Preliminary Offering Memorandum and the Offering Memorandum shall include the documents incorporated
by reference therein. All references in this Agreement to financial statements and schedules and other information which are “contained,” “included” or “stated” in, or “part of” the Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum, and all other references of like import, shall be deemed to mean and include all such financial statements and schedules and other information which is incorporated by reference
in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum, as the case may be. All references in this Agreement to amendments or supplements to the Preliminary Offering Memorandum, the Pricing Disclosure
Package or the Offering Memorandum, shall be deemed to mean and include the filing of any document under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “Exchange
Act”) that is incorporated by reference in the Preliminary Offering Memorandum or the Offering Memorandum, as the case may be. 

The Company and Premier Bank (the “Principal Banking Subsidiary”) hereby confirm their agreements with the
Initial Purchasers as follows: 
 Section 1 Representations and Warranties of the Company. 

The Company hereby represents, warrants and covenants to each Initial Purchaser, as of the date of this Agreement and as of the Closing Date
(as hereinafter defined), as follows: 
 (a) Disclosure. Each of the Preliminary Offering Memorandum and the
Pricing Disclosure Package, each as of (i) its respective date (or, in the case of the Pricing Disclosure Package, as of the Applicable Time) did not, and (ii) the Closing Date will not, 

  
 2 

 
and the Offering Memorandum, as of its date and at the Closing Date will not, include any untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that no representation or warranty is made as to information contained in or omitted from the Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum in reliance upon and in conformity with information furnished to the Company through the Representative by or on behalf of any Initial Purchaser expressly for use therein (which
information is specified in Section 9(b) hereof). 
 The documents incorporated by reference in the Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum, when they were filed with the Securities and Exchange Commission (the “Commission”), as of the date hereof and on the Closing Date, conformed and will conform in
all material respects to the requirements of the Exchange Act. 
 (b) Distribution of Offering Material by the
Company. The Company has not distributed or provided access, and will not distribute or provide access, prior to the completion of the Initial Purchasers’ distribution of the Securities, to any offering material in connection with the
offering and sale of the Securities other than the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. 

(c) The Purchase Agreement. This Agreement has been duly authorized, executed and delivered by the Company and
when duly executed by the Representative on behalf of the Initial Purchasers, will constitute the valid and legally binding agreement of the Company, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability relating to, or affecting, the rights of creditors of corporations or commercial banks, including laws relating to conservatorship and receivership of insured depository
institutions, and to general equity principles, and except as rights to indemnity or contribution, including but not limited to, indemnification and contribution provisions set forth in this Agreement, may be limited by federal or state securities
law or the public policy underlying such laws. 
 (d) Authorization, Execution, and Delivery of the Securities and
the Indenture. The Securities have been duly authorized by the Company and, when duly completed, executed, authenticated, issued and delivered against payment of the consideration therefor in accordance with the provisions of the Indenture and
this Agreement, will be duly and validly issued, fully paid and nonassessable and constitute the valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to, or affecting, the rights of creditors of corporations or commercial banks, including laws relating to conservatorship and receivership of insured
depository institutions, and to general equity principles, rights of first refusal or other similar rights, and entitled to the benefits of the Indenture. The Securities and the Indenture conform in all material respects to the summary descriptions
thereof in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the 

  
 3 

 
Offering Memorandum and such summary descriptions conform to the rights set forth in and applicable to the instruments defining the same and will conform in all material respects to the
requirements of, the Trust Indenture Act. The Indenture has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to, or affecting, the rights of creditors of corporations or commercial banks, including laws relating to
conservatorship and receivership of insured depository institutions, and to general equity principles, rights of first refusal or other similar rights, and except as rights to indemnity or contribution may be limited by federal or state securities
law or the public policy underlying such laws. 
 (e) No Applicable Offering or Other Similar Rights. There are
no persons with registration or other similar rights to have any equity or debt securities included in the offering contemplated by this Agreement. 

(f) No Prohibition on Dividends. No subsidiary of the Company is currently prohibited, directly or indirectly,
from paying any dividends to the Company, from making any other distribution on such subsidiary’s capital stock or other ownership interests, from repaying to the Company any loans or advances to such subsidiary from the Company or from
transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company, except as proscribed by applicable laws, rules and regulations, which are generally described in the Preliminary Offering
Memorandum, the Pricing Disclosure Package and the Offering Memorandum. 
 (g) No Material Adverse Change.
Except as otherwise disclosed in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, subsequent to the respective dates as of which information is given in the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum: (i) there has been no material adverse change, or any development that would reasonably be expected to result in a material adverse change, in the condition, financial or otherwise, or in the
earnings, business, properties, stockholders’ equity, consolidated results of operations, assets and liabilities, whether or not arising from transactions in the ordinary course of business, of the Company and its subsidiaries, considered as
one entity (any such change being referred to herein as a “Material Adverse Change”); (ii) the Company and its subsidiaries, considered as one entity, have not incurred any material liability or obligation, indirect, direct or
contingent including without limitation any losses or interference with its business from fire, explosion, flood, tornados, earthquakes, accident, natural disaster or other calamity, whether or not covered by insurance, or from any strike, labor
dispute or court or governmental action, order or decree, that are material, individually or in the aggregate, to the Company and its subsidiaries, considered as one entity, or has entered into any material transactions not in the ordinary course of
business; and (iii) there has not been any material decrease in the capital stock or any material increase in any long-term indebtedness of the Company or its subsidiaries and there has been no dividend or distribution of any kind declared,
paid or made by the Company (other than regular quarterly cash dividends consistent with past practice) or, except for dividends paid to the Company or its subsidiaries by any of the Company’s subsidiaries on any class of capital stock, or any
repurchase or redemption by the Company or any of its subsidiaries of any class of capital stock. 

  
 4 

 (h) Independent Accountants of the Company. Crowe LLP, which
has expressed its opinion with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company and its subsidiaries incorporated by reference in the Preliminary Offering
Memorandum, the Pricing Disclosure Package and the Offering Memorandum, is (i) an independent registered public accounting firm as required by the Securities Act and the rules of the Public Company Accounting Oversight Board
(“PCAOB”), and (ii) a registered public accounting firm as defined by the PCAOB whose registration has not been suspended or revoked and who, to the Company’s knowledge, has not requested such registration to be withdrawn.
With respect to the Company, Crowe LLP is not and has not been in violation of the auditor independence requirements of the Sarbanes-Oxley Act and the related rules and regulations of the Commission. 

(i) Financial Statements of the Company. The financial statements, together with the supporting schedules, if
any, of the Company and its subsidiaries incorporated by reference in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum present fairly in all material respects the consolidated financial position of the
Company and its subsidiaries as of the dates indicated and the results of their operations, changes in stockholders’ equity and cash flows for the periods specified. Such financial statements have been prepared in conformity with generally
accepted accounting principles (“GAAP”) as applied in the United States on a consistent basis throughout the periods involved, except as may be expressly stated in the related notes thereto. The interactive data in eXtensible
Business Reporting Language incorporated by reference in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum fairly presents in all material respects the information called for and has been prepared in
accordance with the Commission’s rules and guidelines applicable thereto. The financial data set forth in each of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum under the captions “Summary
Financial Data” and “Capitalization” fairly present the information set forth therein on a basis consistent with that of the audited financial statements contained in the Preliminary Offering Memorandum, the Pricing Disclosure Package
and the Offering Memorandum. All disclosures contained in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum that constitute non-GAAP financial measures (as defined
by the rules and regulations under the Securities Act and the Exchange Act) comply, in all material respects, with Regulation G under the Exchange Act and, if applicable, Item 10 of Regulation S-K under the
Securities Act, as applicable. To the Company’s knowledge, no person who has been suspended or barred from being associated with a registered public accounting firm, or who has failed to comply with any sanction pursuant to Rule 5300
promulgated by the PCAOB, has participated in or otherwise aided the preparation of, or audited, the financial statements, supporting schedules or other financial data incorporated by reference in the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum. 

  
 5 

 (j) No Undisclosed
Off-Balance Sheet Arrangements. Except as described in each of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, there are no material off-balance sheet transactions, arrangements, obligations (including contingent obligations) or any other relationships with unconsolidated entities or other persons, which have a material current, or may have a
material future, effect on the Company’s financial condition, results of operations, liquidity, capital expenditures, capital position or resources, or significant components of revenues or expenses. 

(k) Company’s Accounting System. The Company and each of its subsidiaries make and keep accurate books and
records and maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are
recorded as necessary to permit preparation of financial statements in conformity with GAAP as applied in the United States and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; and (v) the interactive data in
eXtensible Business Reporting Language incorporated by reference in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum fairly presents the information called for in all material respects and is prepared
in accordance with the Commission’s rules and guidelines applicable thereto. The Company and each of its subsidiaries maintain a system of internal control over financial reporting (as such term is defined in Rule
13a-15(f) under the Exchange Act), that has been designed by, or under the supervision of, the Company’s principal executive officer and its principal financial officer, to provide reasonable assurance
that (A) transactions are executed in accordance with management’s general or specific authorization; (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain
accountability for assets; (C) access to assets is permitted only in accordance with management’s general or specific authorization; and (D) the recorded accountability for assets is compared with existing assets at reasonable
intervals and appropriate action is taken with respect to any differences. 
 (l) Disclosure Controls and
Procedures; Deficiencies in or Changes to Internal Control Over Financial Reporting. The Company has established and maintains disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the Exchange Act), which (i) are designed to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to the Company’s principal
executive officer and its principal financial officer by others within those entities, particularly during the periods in which the periodic reports required under the Exchange Act are being prepared; (ii) have been evaluated by management of
the Company for effectiveness as of the end of the Company’s most recent fiscal quarter; and (iii) are effective in all material respects to perform the functions for which they were established. Since the end of the Company’s most
recent audited fiscal year, there has been (A) no significant deficiencies or material weakness in the internal control over financial reporting (whether or not remediated) of the Company or any of its subsidiaries of which the

  
 6 

 
Company or the Company’s Board of Directors is aware, (B) no fraud, whether or not material, that involves management or other employees who have a significant role in the internal
control over financial reporting of the Company or any of its subsidiaries, (C) no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the
Company’s internal control over financial reporting, or (D) no material violation of or failure to comply in all material respects with United States federal securities laws. 

(m) Incorporation and Good Standing of the Company. The Company has been duly incorporated and is validly
existing as a corporation in good standing under the laws of the jurisdiction of its incorporation, is duly registered as a bank holding company that has elected to be a financial holding company under the Bank Holding Company Act of 1956, as
amended, and has the corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum and to enter into
and perform its obligations under the Transaction Documents. The Company is duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the
ownership or leasing of property or the conduct of business, except where the failure to be so qualified or in good standing would not reasonably be expected to result in a Material Adverse Effect (as defined below). 

(n) Subsidiaries. Each of the Company’s “significant subsidiaries” (for purposes of this
Agreement, as defined in Rule 405 under the Securities Act) has been duly incorporated, organized or chartered, as the case may be, and is validly existing as a corporation, partnership, limited liability company, statutory trust or other entity, as
applicable, in good standing under the laws of the jurisdiction of its incorporation or organization and has the power and authority (corporate or other) to own, lease and operate its properties and to conduct its business as described in the
Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. Each of the Company’s significant subsidiaries is duly qualified as a foreign corporation, partnership, limited liability company, statutory trust or
other entity, as applicable, to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to
so qualify or to be in good standing would not reasonably be expected, individually or in the aggregate, to have a material adverse effect on the condition (financial or other), earnings, business, properties, operations, assets or liabilities of
the Company and its subsidiaries, considered as one entity (a “Material Adverse Effect”). All of the issued and outstanding capital stock or other equity or ownership interests of each of the Company’s significant subsidiaries
have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim, other than
the encumbrance related to Negative Pledge Agreement dated December 29, 2016 between the Company and First Horizon Bank (fka First Tennessee Bank National Association) regarding the Principal Banking Subsidiary’s shares of capital stock
(the “Negative Pledge Agreement”). The Company does not own or control, directly or indirectly, any corporation, association or 

  
 7 

 
other entity other than the subsidiaries listed in Exhibit 21 to the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2019 (other than any corporations, associations or other entities that, in the aggregate, do not constitute a “significant subsidiary” as defined in Rule 1-02 of Regulation S-X). 
 (o) Capitalization and Other Capital Stock Matters. The authorized,
issued and outstanding capital stock of the Company is as set forth in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum under the caption “Capitalization” (other than for subsequent issuances,
if any, pursuant to employee benefit plans, or upon the exercise of outstanding options or warrants, in each case described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum). All of the issued and
outstanding shares of capital stock of the Company have been duly authorized and validly issued, are fully paid and nonassessable and have been issued in compliance with all federal and state securities laws. 

(p) Non-Contravention of Existing Instruments; No Further Authorizations or
Approvals Required. Neither the Company nor any of its significant subsidiaries is in violation of its charter or by-laws, partnership agreement or operating agreement or similar organizational documents,
as applicable, or is in default (or, with the giving of notice or lapse of time, would be in default) (“Default”) under any indenture, loan, credit agreement, note, lease, license agreement, contract, franchise or other instrument
(including, without limitation, any pledge agreement, security agreement, mortgage or other instrument or agreement evidencing, guaranteeing, securing or relating to indebtedness) to which the Company or any of its significant subsidiaries is a
party or by which it or any of them may be bound, or to which any of their respective properties or assets are subject (each, an “Existing Instrument”), except for such Defaults as would not reasonably be expected, individually or
in the aggregate, to have a Material Adverse Effect. The Company’s execution, delivery and performance of each of the Transaction Documents and the consummation of the Transactions contemplated by this Agreement and the issuance and sale of the
Securities (including the use of proceeds from the sale of the Securities as described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum under the caption “Use of
Proceeds”) (i) have been duly authorized by all necessary corporate action and will not result in any violation of the provisions of the charter or by-laws, partnership agreement or operating
agreement or similar organizational documents, as applicable, of the Company or any significant subsidiary, (ii) will not conflict with or constitute a breach of, or Default or a Debt Repayment Triggering Event (as defined below) under, or
result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its significant subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument, and
(iii) will not result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or any of its significant subsidiaries, except in the case of clauses (ii) and (iii) such as
would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. No consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or
agency, is required for the Company’s execution, delivery and performance of each of the Transaction Documents and consummation of the Transactions and by the Preliminary Offering Memorandum, the

  
 8 

 
Pricing Disclosure Package and the Offering Memorandum, except such as have been obtained or made by the Company, or received from any Regulatory Agency (as defined below) and are in full force
and effect under the Securities Act and such as may be required under applicable state securities or blue sky laws or FINRA. As used herein, a “Debt Repayment Triggering Event” means any event or condition which gives, or with the
giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of
such indebtedness by the Company or any of its significant subsidiaries. 
 (q) No Acquisitions, Dispositions, or
Transfers. Neither the Company nor any of its significant subsidiaries is a party to an agreement obligating the Company or such significant subsidiary to an acquisition, disposition, or other business combination, or a transfer or sale of the
assets (as a going concern) or capital stock of the Company or any such significant subsidiary, which transaction, if consummated, would be material to the Company and its subsidiaries taken as a whole. 

(r) Compliance with Laws. The Company and its significant subsidiaries have been and are in compliance with all
applicable laws, rules and regulations, except where failure to be so in compliance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

(s) No Material Actions or Proceedings. Except as otherwise disclosed in the Preliminary Offering Memorandum, the
Pricing Disclosure Package and the Offering Memorandum, there is no action, suit, proceeding, inquiry or investigation brought by or before any governmental entity or Regulatory Agency (as defined below) now pending or, to the knowledge of the
Company, threatened, against the Company or any of its subsidiaries, which would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect or materially and adversely affect the consummation of the Transactions, or
the performance by the Company of its obligations under the Transaction Documents; and the aggregate of all pending legal or governmental proceedings to which the Company or any such subsidiary is a party or of which any of their respective
properties or assets is the subject, including ordinary routine litigation incidental to the business, if determined adversely to the Company, would not reasonably be expected to have a Material Adverse Effect. No material labor dispute with the
employees of the Company or any of its subsidiaries, or with the employees of any principal customer or contractor of the Company, exists or, to the knowledge of the Company, is threatened or imminent. 

(t) Absence of Enforcement Actions. Neither the Company nor any of its significant subsidiaries is subject or is
party to, or has received during the last twenty-four months any written notice that any of them may become subject or party to any suspension or cease-and-desist order,
agreement, consent agreement, memorandum of understanding or other regulatory enforcement action, proceeding or order with or by, or is a party to any commitment letter or similar undertaking to, or is subject to any directive by, or has been a
recipient of any supervisory letter from, or has adopted any board resolutions at the request of, any Regulatory Agency (as defined below) that currently relates to or restricts in any material respect the conduct of their business or that in any
manner currently relates 

  
 9 

 
to their capital adequacy, credit policies or management (each, a “Regulatory Agreement”), nor has the Company or any of its subsidiaries been advised by any Regulatory Agency
during the last twenty-four months that it is considering issuing or requesting any such Regulatory Agreement or that any such Regulatory Agreement is pending or threatened. As used herein, the term “Regulatory Agency” means any
governmental entity having supervisory or regulatory authority with respect to the Company or any of its subsidiaries, including, but not limited to, any federal or state securities or banking authorities or agency charged with the supervision or
regulation of depositary institutions or holding companies of depositary institutions, or engaged in the insurance of depositary institution deposits. 

(u) Intellectual Property Rights. Each of the Company and its significant subsidiaries owns or possesses all
necessary and adequate patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or
procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) presently employed by it in connection with the business now operated by it or necessary in order to conduct
such business, and none of the Company or any of its significant subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or any facts or
circumstances which would render any Intellectual Property invalid or inadequate to protect the interest of the Company or any of its significant subsidiaries therein, except where the failure to possess such Intellectual Property or where such
infringement or conflict (if the subject of any unfavorable decision, ruling or finding) or invalidity or inadequacy, individually or in the aggregate, would not have a Material Adverse Effect. 

(v) All Necessary Permits, etc. The Company and its significant subsidiaries possess such valid and current
certificates, authorizations or permits required by state, federal or foreign regulatory agencies or bodies to conduct their respective businesses, including, without limitation, any such permits necessary to conduct insurance, broker-dealer,
mortgage origination and servicing (or sub-servicing, as applicable) and banking business, as currently conducted and as described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the
Offering Memorandum (“Permits”), except for such certificates, authorizations or permits whose failure to obtain would not be reasonably expected to, individually or in the aggregate, have a Material Adverse Effect. Neither the
Company nor any of its significant subsidiaries is in violation of, or in default under, any of the Permits (except for such violations or defaults that would not be reasonably expected to, individually or in the aggregate, have a Material Adverse
Effect) or has received during the last twenty-four months any written notice of proceedings relating to the revocation or modification of, or non-compliance with, any such certificate, authorization or permit
that, if determined adversely to the Company or any of its subsidiaries, would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. Neither the Company nor any of its significant subsidiaries has failed to
file with or submit to applicable regulatory authorities during the last twenty-four months any statement, report, information or form required by any applicable law, rule, regulation or order, except where the failure to be so in compliance would
not, individually or in the aggregate, have a Material Adverse Effect; all such filings and submissions were in material compliance with applicable laws, rules, regulations and orders when filed or submitted; and no material deficiencies have been
asserted by any Regulatory Agency with respect to any such filings or submissions. 

  
 10 

 (w) Title to Properties. The Company and its significant
subsidiaries have good and marketable title to all of the real and personal property and other assets reflected as owned in the financial statements referred to in Section 1(i) above (or elsewhere in the Preliminary Offering Memorandum, the
Pricing Disclosure Package and the Offering Memorandum), in each case free and clear of any security interests, mortgages, liens, encumbrances, equities, adverse claims and other defects except (i) for any properties or assets the absence of
good and marketable title to which would not be reasonably expected to, individually or in the aggregate, result in a Material Adverse Effect or (ii) as otherwise disclosed in the Preliminary Offering Memorandum, the Pricing Disclosure Package
and the Offering Memorandum. The real property, improvements, equipment and personal property held under lease by the Company or any of its significant subsidiaries are held under valid and enforceable leases, with such exceptions as are not
material and do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or personal property by the Company or such significant subsidiary. 

(x) Tax Law Compliance. The Company and its subsidiaries have filed all federal, state and foreign income and
franchise tax returns, information returns, and similar reports that are required to be filed or have properly requested extensions thereof (except in any case in which the failure so to file would not be reasonably expected to, individually or in
the aggregate, cause a Material Adverse Effect), and all such returns and reports are true, correct, and complete in all material respects. The Company and its subsidiaries have paid in full all taxes required to be paid by any of them (other than
taxes which are not due and payable) and, if due and payable, any related or similar assessment, fine or penalty with respect to taxes levied against any of them except as may be being contested in good faith and by appropriate proceedings or would
not be reasonably expected to, individually or in the aggregate, cause a Material Adverse Effect. The Company has made adequate charges, accruals and reserves in the applicable financial statements referred to in Section 1(i) above in respect
of all federal, state and foreign income and franchise taxes for all periods as to which the tax liability of the Company or any of its subsidiaries has not been finally determined. 

(y) Insurance. Each of the Company and its significant subsidiaries is insured by recognized, financially sound
and reputable institutions with policies in such amounts and with such deductibles and covering such risks as are generally deemed adequate and customary for their businesses including, but not limited to, policies covering real and personal
property owned or leased by the Company and its significant subsidiaries against theft, damage, destruction, acts of vandalism and natural disasters, including but not limited to floods, earthquakes and tornados. The Company has no reason to believe
that it or any of its significant subsidiaries will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or
appropriate to conduct its business as now conducted. 

  
 11 

 
Neither the Company nor any of its significant subsidiaries has been denied any insurance coverage which it has sought or for which it has applied during the past five (5) years. 

(z) Compliance with Environmental Laws. Except as would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect: (i) neither the Company nor any of its significant subsidiaries is in violation of any federal, state, local or foreign statute, law, rule, regulation, ordinance, code, policy or rule of common law
or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation, ambient air,
surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, laws and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous
substances, petroleum or petroleum products (collectively, “Hazardous Materials”) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively,
“Environmental Laws”); (ii) the Company and its subsidiaries have all permits, authorizations and approvals required under any applicable Environmental Laws and are each in compliance with their requirements; (iii) there
are no pending or threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation, investigation or proceedings relating to any Environmental Law against the Company or
any of its significant subsidiaries; and (iv) there are no events or circumstances that might reasonably be expected to form the basis of an order for clean-up or remediation, or an action, suit or
proceeding by any private party or governmental body or agency, against or affecting the Company or any of its significant subsidiaries relating to Hazardous Materials or any Environmental Laws. 

(aa) ERISA Compliance. The Company and its subsidiaries and any “employee benefit plan” (as
defined under the Employee Retirement Income Security Act of 1974, as amended, and the regulations and published interpretations thereunder (collectively, “ERISA”)) established or maintained by the Company, its subsidiaries or their
“ERISA Affiliates” (as defined below) are in compliance in all material respects with ERISA. “ERISA Affiliate” means, with respect to the Company or any of its subsidiaries, any member of any group of organizations
described in Sections 414(b), (c), (m) or (o) of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations thereunder (the “Code”) of which the Company or such subsidiary is a member.
No “reportable event” (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any “employee benefit plan” established or maintained by the Company, its subsidiaries or any of their ERISA
Affiliates for which the Company would have any liability that would reasonably be expected to have a Material Adverse Effect. No “employee benefit plan” established or maintained by the Company, its subsidiaries or any of their ERISA
Affiliates, if such “employee benefit plan” were terminated, would have any “amount of unfunded benefit liabilities” (as defined under ERISA). Neither the Company, its subsidiaries nor any of their ERISA Affiliates has incurred
or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any “employee benefit plan” or (ii) Sections 412, 4971, 4975 or 4980B of the Code, in each case
except as would not reasonably be expected to have a Material Adverse Effect. Each employee benefit plan 

  
 12 

 
established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates for which the Company could have any liability that would reasonably be expected to have a Material
Adverse Effect that is intended to be qualified under Section 401(a) of the Code is so qualified in all material respects and nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification. 

(bb) Company Not an “Investment Company.” The Company is not, and will not be, either after receipt of
payment for the Securities or after the application of the proceeds therefrom as described under “Use of Proceeds” in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, required to register as
an “investment company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”). 

(cc) No Price Stabilization or Manipulation. Neither the Company nor any of its subsidiaries has taken, directly
or indirectly, any action designed to or that might cause or result in stabilization or manipulation of the price of the Securities, whether to facilitate the sale or resale of the Securities or otherwise. 

(dd) Related-Party Transactions. There are no business relationships or related-person transactions involving the
Company or any of its subsidiaries or any other person required to be described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum that have not been described as required. 

(ee) FINRA Matters. All of the information provided to the Initial Purchasers or to counsel for the Initial
Purchasers by the Company, its counsel, its officers and directors in connection with the offering of the Securities is true, complete and correct, and any letters, filings or other supplemental information provided by the Company for delivery to
FINRA pursuant to FINRA Rules or NASD Conduct Rules is true, complete and correct. 
 (ff) Sarbanes-Oxley Act.
The Company, its subsidiaries and the Company’s Board of Directors and officers are in compliance with the Sarbanes-Oxley Act and the rules and regulations of the Commission thereunder in all material respects, in each case to the extent
applicable. 
 (gg) Statistical and Market-Related Data. All statistical, demographic and market-related data
included in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum are based on or derived from sources that the Company believes, after reasonable inquiry, to be reliable and accurate. To the extent
required, the Company has obtained the written consent to the use of such data from such sources. 
 (hh) No
Unlawful Contributions or Other Payments. Neither the Company nor any of its subsidiaries nor, to the best of the Company’s knowledge, any employee or agent of the Company or any subsidiary, has made any contribution or other payment to any
official of, or candidate for, any federal, state or foreign office in violation of any law or of the character required to be disclosed in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. 

  
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 (ii) Foreign Corrupt Practices Act. Neither the Company nor
any of its subsidiaries nor, to the knowledge of the Company, any director or officer, employee, agent, affiliate (as such term is defined in Rule 501(b) of the Securities Act) or other person acting on behalf of the Company or any of its
subsidiaries has, in the course of its actions for, or on behalf of, the Company or any of its subsidiaries, (i) used any funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity;
(ii) made or taken an act in furtherance of an offer, promise or authorization of any direct or indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee, including of any government-owned or
controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office; (iii) violated or is
in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, or any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or
committed an offence under the Bribery Act 2010 of the United Kingdom, or any other applicable anti-bribery or anti-corruption laws; or (iv) made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful
benefit, including, without limitation, any rebate, payoff, influence payment, kickback or other unlawful payment or benefit. The Company and its subsidiaries have instituted, and maintain and enforce, policies and procedures designed to promote and
ensure compliance with all applicable anti-bribery and anti-corruption laws. 
 (jj) Money Laundering Laws. The
operations of the Company and its subsidiaries are and have been conducted at all times in compliance in all material respects with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions where the Company or any of its subsidiaries conducts business, the rules and regulations thereunder and any related or similar applicable
rules, regulations or guidelines issued, administered or enforced by any governmental or regulatory agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental or
regulatory agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened. 

(kk) OFAC. Neither the Company nor any of its subsidiaries, nor, to the knowledge of the Company, after due
inquiry, any directors or officers, employees, agents, or affiliates (as such term is defined in Rule 501(b) of the Securities Act) or other person acting on behalf of the Company or any of its subsidiaries is currently the subject or the target of
any sanctions administered or enforced by the U.S. Government, (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) or the U.S. Department of State and including,
without limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”), or other

  
 14 

 
applicable sanctions authority (collectively, “Sanctions”), nor is the Company or any of its subsidiaries located, organized or resident in a country or territory that is the
subject or the target of Sanctions (each, a “Sanctioned Country”); and the Company will not directly or indirectly use the proceeds of the offering of the Securities hereunder, or lend, contribute or otherwise make available such
proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any activities of, or business with, any person that, at the time of such funding or facilitation, is the subject or the target of Sanctions,
(ii) to fund or facilitate any activities of, or business in, any Sanctioned Country or (iii) in any other manner that will result in a violation by any person (including any person participating in the transaction, whether as Initial
Purchaser, advisor, investor or otherwise) of Sanctions. For the past five years, the Company and its subsidiaries have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with any person that at the time of
the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country. 
 (ll)
Brokers. Except pursuant to this Agreement, there is no broker, finder or other party that is entitled to receive from the Company any brokerage or finder’s fee or other fee or commission as a result of any transactions contemplated by
this Agreement. 
 (mm) Forward-Looking Statements. Each financial or operational projection or other
“forward-looking statement” (as defined by Section 27A of the Securities Act or Section 21E of the Exchange Act) contained in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum
(i) was so included by the Company in good faith and with reasonable basis after due consideration by the Company of the underlying assumptions, estimates and other applicable facts and circumstances and (ii) is accompanied by meaningful
cautionary statements identifying those factors that could cause actual results to differ materially from those in such forward-looking statement. No such statement was made with the knowledge of an executive officer or director of the Company that
it was false or misleading. 
 (nn) Bank Regulatory Matters. The Company and each significant subsidiary has
been and is in compliance with all applicable laws, rules and regulations of (including, without limitation, all applicable regulations and orders of, or agreements with), the Board of Governors of the Federal Reserve System (“Federal
Reserve”), the Federal Deposit Insurance Corporation (“FDIC”), the Ohio Division of Financial Institutions (“ODFI”), and any other federal or state bank regulatory authority with jurisdiction over the
Company or its subsidiaries (collectively, the “Bank Regulatory Authorities”), except where failure to be so in compliance would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

(oo) Community Reinvestment Act. The Company and the Principal Banking Subsidiary have no knowledge of any facts
and circumstances, and have no reason to believe that any facts or circumstances exist, that would cause the Principal Banking Subsidiary to be deemed not to be in satisfactory compliance with the Community Reinvestment Act (“CRA”)
and the regulations promulgated thereunder or to be assigned a CRA rating by federal or state banking regulators of lower than “satisfactory.” 

  
 15 

 (pp) FDIC. The deposit accounts of the Principal Banking
Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the termination or revocation of such
insurance is pending or, to the knowledge of the Company, threatened. 
 (qq) IT Systems. (i) The Company
is not aware of any security breach or other compromise relating to the Company’s or its significant subsidiaries’ information technology and computer systems, networks, hardware, software, data and databases (including the data and
information of their respective customers, employees, suppliers, vendors and any third party data maintained by or on behalf of them), equipment or technology (collectively, “IT Systems and Data”) except that have been remedied
without material cost or liability; (ii) neither the Company nor its significant subsidiaries have been notified of, and have no knowledge of any event or condition that would reasonably be expected to result in, any material security breach or
other material compromise to their IT Systems and Data; and (iii) the Company and its significant subsidiaries have implemented appropriate controls, policies, procedures and technological safeguards to maintain and protect the integrity,
continuous operation, redundancy and security of their IT Systems and Data reasonably consistent with industry standards and practices, or as required by applicable regulatory standards. The Company and its significant subsidiaries are presently in
material compliance with all applicable laws or statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority and internal policies relating to the privacy and security of IT Systems and
Data and to the reasonable protection of such IT Systems and Data from unauthorized use, access, misappropriation or modification, except where failure to be so in compliance would not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect. 
 (rr) Absence of Further Requirements. No filing with, or authorization,
approval, consent, license, order, registration, qualification or decree of, any Regulatory Agency is necessary or required for the performance by the Company of its obligations under this Agreement, in connection with the offering, issuance or sale
of the Securities or the consummation of the transactions contemplated in this Agreement, except as have been already obtained or as may be required under the Securities Act, the securities laws of any state or
non-U.S. jurisdiction or the rules of FINRA. 
 (ss) Securities Not
Listed. When the Securities are issued and delivered pursuant to this Agreement, such Securities will not be of the same class (within the meaning of Rule 144A) as securities of the Company that are listed on a national securities exchange
registered under Section 6 of the Exchange Act or that are quoted in a United States automated inter-dealer quotation system. 

(tt) Exempt Purchase and Resales. Assuming the accuracy of the representations and warranties of the Initial
Purchasers in Section 3(b), the purchase and resale of the Securities pursuant hereto (including pursuant to the Exempt Resales) are exempt from the registration requirements of the Securities Act. 

  
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 (uu) No General Solicitation. No form of general solicitation
or general advertising within the meaning of Regulation D under the Securities Act (“Regulation D”) (including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine or
similar medium or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising) was used by the Company, any of its affiliates or any of its representatives (other
than the Initial Purchasers, as to whom the Company makes no representation) in connection with the offer and sale of the Securities. 

(vv) No Integration. Neither the Company nor any other person acting on behalf of the Company has sold or issued
any securities that would be integrated with the offering of the Securities contemplated by this Agreement pursuant to the Securities Act, the rules and regulations thereunder or the interpretations thereof by the Commission. 

(ww) No Registration Required. No order or decree preventing or suspending the use of the Preliminary Offering
Memorandum, the Pricing Disclosure Package or the Offering Memorandum, or any order asserting that the transactions contemplated by this Agreement are subject to the registration requirements of the Securities Act has been issued, and no proceeding
for that purpose has commenced or is pending or, to the knowledge of the Company is contemplated. 
 Any certificate signed by any officer
of the Company or any of its subsidiaries and delivered to the Initial Purchasers or to counsel for the Initial Purchasers in connection with the offering, or the purchase and sale, of the Securities shall be deemed a representation and warranty by
the Company to the Initial Purchasers as to the matters covered thereby. 
 The Company has a reasonable basis for making each of the
representations set forth in this Section 1. The Company acknowledges that the Initial Purchasers and, for purposes of the opinions to be delivered pursuant to Section 6 hereof, counsel to the Company and counsel to the Initial Purchasers,
will rely upon the accuracy and truthfulness of the foregoing representations and hereby consents to such reliance. 

Section 2 Representations and Warranties of the Principal Banking Subsidiary. 

The Principal Banking Subsidiary hereby represents and warrants to the Initial Purchasers as of the date of this Agreement and as of the
Closing Date, as follows: 
 (a) Incorporation and Good Standing of the Principal Banking Subsidiary. The
Principal Banking Subsidiary has been duly organized and is validly existing as a state chartered bank regulated by the ODFI and the FDIC, is in good standing under the laws of the State of Ohio and its charter is in full force and effect; the
Principal Banking Subsidiary has corporate power and authority to own, lease and operate its properties and conduct its business as described in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum; all of
the issued and outstanding capital stock of the Principal Banking Subsidiary has been duly authorized and validly issued and is fully paid and non-assessable; and 100% of the capital stock of the Principal
Banking Subsidiary is owned directly by the Company, free and clear of any mortgage, pledge, lien, 

  
 17 

 
encumbrance, claim or equity, other than any encumbrance related to the Negative Pledge Agreement. There are no outstanding rights, warrants or options to acquire or instruments convertible into
or exchangeable for any capital stock or equity securities of the Principal Banking Subsidiary. The Principal Banking Subsidiary is the only depository institution subsidiary of the Company and the Principal Banking Subsidiary is a member in good
standing of the Federal Home Loan Bank System. The Principal Banking Subsidiary is “well capitalized” (as that term is defined at 12 C.F.R. 6.4(b)(1)) and neither the Company nor the Principal Banking Subsidiary has been informed by
any Bank Regulatory Authority that its status as “well-capitalized” will change within one year. 
 (b)
The Agreement. This Agreement has been duly authorized, executed and delivered by the Principal Banking Subsidiary and, when duly executed by the Initial Purchasers, will constitute the valid and legally binding agreement of the Principal
Banking Subsidiary, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to, or affecting, the rights of creditors
of corporations or commercial banks, including laws relating to conservatorship and receivership of insured depository institutions, and to general equity principles, and except as rights to indemnity or contribution, including but not limited to,
indemnification and contribution provisions set forth in this Agreement, may be limited by federal or state securities law or the public policy underlying such laws. 

(c) Non-Contravention of Constituent Documents. The Principal Banking
Subsidiary is not in violation of its charter or by-laws, and is not in Default under any indenture, loan, credit agreement, note, lease, license agreement, contract, franchise or other instrument (including,
without limitation, any pledge agreement, security agreement, mortgage or other instrument or agreement evidencing, guaranteeing, securing or relating to indebtedness) to which it is a party or by which it may be bound, or to which any of its
properties or assets are subject, except for such Defaults as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

(d) Principal Banking Subsidiary not an “Investment Company.” The Principal Banking Subsidiary is not,
and will not be after consummation of the Transactions, required to register as an “investment company” under the Investment Company Act. 

(e) Compliance with Banking Laws. The Principal Banking Subsidiary has been and is in compliance with all
applicable laws, rules and regulations of (including, without limitation, all applicable regulations and orders of, or agreements with), the ODFI, the FDIC, and any other Bank Regulatory Authorities, except where failure to be so in compliance would
not be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (f) FDIC. The deposit
accounts of the Principal Banking Subsidiary are insured by the FDIC up to the legal maximum, the Principal Banking Subsidiary has paid all premiums and assessments required by the FDIC and the regulations thereunder, and no proceeding for the
termination or revocation of such insurance is pending or, to the knowledge of the Principal Banking Subsidiary, threatened. 

  
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 (g) Compliance with Privacy Laws. The Principal Banking
Subsidiary (i) complies in all material respects with the Privacy Statements (as defined below) that apply to any given set of personal information collected by the Principal Banking Subsidiary from Individuals (as defined below),
(ii) complies in all material respects with all applicable federal, state, local and foreign laws and regulations regarding the collection, retention, use, transfer or disclosure of personal information, and (iii) takes reasonable measures
as are customary in the business in which the Principal Banking Subsidiary is engaged to protect and maintain the confidential nature of the personal information provided to the Principal Banking Subsidiary by Individuals in accordance with the
terms of the applicable Privacy Statements. To the Company’s knowledge, no material claim or controversy has arisen or been threatened regarding the Privacy Statements or the implementation thereof. As used herein, “Privacy
Statements” means, collectively, any and all of the Principal Banking Subsidiary’s privacy statements and policies published on websites or products or otherwise made available by the Principal Banking Subsidiary regarding the
collection, retention, use and distribution of the personal information of an individual, including, without limitation, from visitors or users of any websites or products of the Principal Banking Subsidiary (“Individuals”). 

(h) Compliance with Mortgage Operations. Except as has not had and would not reasonably be expected to result in
a Material Adverse Effect: (i) the Principal Banking Subsidiary has complied with, and all documentation in connection with the origination, processing, underwriting and credit approval of any mortgage loan originated, purchased or serviced by
the Principal Banking Subsidiary satisfied, (A) all applicable federal, state and local laws, rules and regulations with respect to the origination, insuring, purchase, sale, pooling, servicing, subservicing, or filing of claims in connection
with mortgage loans, including all laws relating to real estate settlement procedures, consumer credit protection, truth in lending laws, usury limitations, fair housing, transfers of servicing, collection practices, equal credit opportunity and
adjustable rate mortgages, (B) the responsibilities and obligations relating to mortgage loans set forth in any agreement between the Principal Banking Subsidiary and any Agency, Loan Investor or Insurer (each as defined herein), (C) the
applicable rules, regulations, guidelines, handbooks and other requirements of any Agency, Loan Investor or Insurer and (D) the terms and provisions of any mortgage or other collateral documents and other loan documents with respect to each
mortgage loan; and (ii) no Agency, Loan Investor or Insurer has (A) claimed in writing that the Principal Banking Subsidiary has violated or has not complied with the applicable underwriting standards with respect to mortgage loans sold by
the Principal Banking Subsidiary to a Loan Investor or Agency, or with respect to any sale of mortgage servicing rights to a Loan Investor, (B) imposed in writing restrictions on the activities (including commitment authority) of the Principal
Banking Subsidiary or (C) indicated in writing to the Principal Banking Subsidiary that it has terminated or intends to terminate its relationship with the Principal Banking Subsidiary for poor performance, poor loan quality or concern with
respect to the Principal Banking Subsidiary’s compliance with laws. For purposes hereof (X) “Agency” means the Federal Housing Administration, the Federal Home Loan Mortgage Corporation, the Farmers Home Administration
(now known as 

  
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Rural Housing and Community Development Services), the Federal National Mortgage Association, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S.
Department of Agriculture or any other federal or state agency with authority to (1) determine any investment, origination, lending or servicing requirements with regard to mortgage loans originated, purchased or serviced by the Company or the
Principal Banking Subsidiary or (2) originate, purchase, or service mortgage loans, or otherwise promote mortgage lending, including state and local housing finance authorities; (Y) “Loan Investor” means any person
(including an Agency) having a beneficial interest in any mortgage loan originated, purchased or serviced by the Company or the Principal Banking Subsidiary or a security backed by or representing an interest in any such mortgage loan; and
(X) “Insurer” means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company
or the Principal Banking Subsidiary, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and
providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral. 
 Any certificate signed by
any officer of the Principal Banking Subsidiary and delivered to the Initial Purchasers or to counsel for the Initial Purchasers in connection with the offering, or the purchase and sale, of the Securities shall be deemed a representation and
warranty by the Principal Banking Subsidiary to the Initial Purchasers as to the matters covered thereby. 
 The Principal Banking
Subsidiary has a reasonable basis for making each of the representations set forth in this Section 2. The Principal Banking Subsidiary acknowledges that the Initial Purchasers and, for purposes of the opinions to be delivered pursuant to
Section 7 hereof, counsel to the Company and counsel to the Initial Purchasers, will rely upon the accuracy and truthfulness of the foregoing representations and hereby consents to such reliance. 

Section 3 Purchase, Sale and Delivery of the Securities. 

(a) The Securities. On the basis of the representations, warranties and agreements contained in, and subject to
the terms and conditions of, this Agreement, the Company agrees to issue and sell to the Initial Purchasers, and each Initial Purchaser agrees, severally and not jointly, to purchase from the Company, the principal amount of Securities set forth
opposite the name of such Initial Purchaser in Schedule A hereto at a purchase price equal to 98.5% of the principal amount thereof, plus accrued interest, if any, from September 30, 2020 to the Closing Date. 

(b) Nature of Initial Purchasers; Eligible Purchasers. Each of the Initial Purchasers, severally and not jointly,
hereby represents and warrants to the Company that it will offer the Securities for sale upon the terms and conditions set forth in this Agreement and in the Pricing Disclosure Package and Offering Memorandum. Each of the Initial Purchasers,
severally and not jointly, hereby represents and warrants to, and agrees with, the Company, that such Initial Purchaser: (i) is a QIB or an IAI with such knowledge and experience in financial and business matters as is necessary in order to
evaluate the merits and risks of an investment in the Securities; and (ii) in connection with the Exempt Resales, 

  
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will solicit offers to buy the Securities only from, and will offer, sell or deliver the Securities, as part of its initial offering, only to, persons whom it reasonably believes to be Eligible
Purchasers, or, if any such Eligible Purchaser is buying for one or more institutional accounts for which such person is acting as fiduciary or agent, only when such person has represented to it that each such account is a QIB or an IAI. 

(c) Closing Date. Delivery of the Securities to be purchased by the Initial Purchasers by electronic book entry
through the facilities of The Depository Trust Company (“DTC”) to the account specified by the Representative, on behalf of the Initial Purchasers, and payment therefor shall be made via the offices of Vedder Price P.C. (or such
other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York City time, on September 30, 2020, or such other time and date as the Representative shall designate by notice to the Company (the time and date of
such closing are called the “Closing Date”). The Company hereby acknowledges that circumstances under which the Representative may provide notice to postpone the Closing Date as originally scheduled include, but are not limited to,
any determination by the Company or the Representative to recirculate copies of an amended or supplemented Preliminary Offering Memorandum or Offering Memorandum, or a delay as contemplated by the provisions of Section 11. 

(d) Payment for the Securities. Payment for the Securities shall be made at the Closing Date by wire transfer of
immediately available funds to the order of the Company. It is understood that the Representative has been authorized, for its own account and the accounts of the several Initial Purchasers, to accept delivery of and receipt for, and make payment of
the purchase price for, the Securities the Initial Purchasers have agreed to purchase. Piper, individually and not as Representative of the Initial Purchasers, may (but shall not be obligated to) make payment for any Securities to be purchased by
any Initial Purchaser whose funds shall not have been received by the Representative by the Closing Date, as the case may be, for the account of such Initial Purchaser, but any such payment shall not relieve such Initial Purchaser from any of its
obligations under this Agreement. 
 (e) Delivery of the Securities. The Company shall deliver, or cause to be
delivered, by electronic book entry through the facilities of DTC, to the account specified by the Representative, the Securities at the Closing Date, against release of a wire transfer of immediately available funds for the amount of the purchase
price therefor. The global certificate for the Securities shall be registered in the name of Cede & Co., or such other nominee as may be designated by DTC at least two full business days prior to the Closing Date at a location in New York
City as the Representative may designate. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Initial Purchasers. The global certificate for the Securities to
be delivered to the Initial Purchasers shall be made available to the Initial Purchasers in New York City for physical inspection or, alternatively, via electronic copy thereof, not later than 10:00 A.M., New York City time, on the business day next
preceding the Closing Date. 

  
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 Section 4 Additional Covenants. 

The Company further covenants and agrees with each Initial Purchaser as follows: 

(a) Delivery of Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. To
furnish promptly to the Initial Purchasers and to Vedder Price P.C., counsel to the Initial Purchasers, copies of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (and all amendments and supplements
thereto), as soon as available and in such quantities as the Initial Purchasers reasonably request for internal use and for distribution to prospective purchasers. The Company will pay the expenses of printing and distributing to the Initial
Purchasers all such documents. 
 (b) Final Term Sheet. To prepare a final term sheet in the form of
Schedule C hereto and the Offering Memorandum in a form approved by the Representative (such approval not to be unreasonably withheld), and to make no amendment or any supplement to the Pricing Disclosure Package or the Offering Memorandum
which shall be disapproved by the Representative, subject to the Representative’s reasonable discretion, promptly after reasonable notice thereof. 

(c) Notice of Certain Matters. To advise the Representative promptly of any proposal to amend or supplement the
Offering Memorandum and not to effect any such amendment or supplement without the consent of the Representative, such consent not to be unreasonably withheld. If, at any time prior to completion of the Exempt Resales of the Securities by the
Initial Purchasers to purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Offering Memorandum in order that the Offering Memorandum will not include an untrue statement of a material
fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time it is delivered to a purchaser, not misleading, to promptly notify the Initial Purchasers and prepare,
subject to the first sentence of this Section 4(c), such amendment or supplement as may be necessary to correct such untrue statement or omission. 

(d) Blue Sky Compliance. To promptly from time to time, to take such action as the Initial Purchasers may
reasonably request to qualify the Securities for offering and sale under the securities laws of such states as the Initial Purchasers may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such
jurisdictions for as long as may be necessary to complete the Exempt Resales of the Securities; provided that, in connection therewith, the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of
process in any jurisdiction in which the Company is not already so qualified or has not so consented. If the Company becomes aware, after due inquiry, of the suspension of the qualification of the Securities for offering, sale or trading in any
jurisdiction in which the Securities had been so qualified or any initiation or threat of any proceeding for any such purpose, the Company will advise the Initial Purchasers promptly of such suspension or proceeding, and in the event of the issuance
of any order suspending such qualification, the Company shall use its reasonable efforts to obtain the withdrawal thereof at the earliest possible moment. 

  
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 (e) Use of Proceeds. To apply the net proceeds from the sale
of the Securities sold by it in the manner described under the caption “Use of Proceeds” in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. 

(f) Earnings Statement. During the period of two years hereafter, to make generally available to its security
holders and to the Initial Purchasers as soon as practicable an earnings statement (which need not be audited) covering a period of at least twelve months beginning with the first fiscal quarter of the Company commencing after the date of this
Agreement that will satisfy the provisions of Section 11(a) of the Securities Act and the rules and regulations of the Commission thereunder; provided, however, that the requirements of this Section 4(f) shall be satisfied to the extent
that such reports, statements, communications, financial statements or other documents are available on EDGAR. 
 (g)
Continued Compliance with Securities Laws. To comply with its obligations under the Securities Act and the Exchange Act, including the filing on a timely basis with the Commission and the Nasdaq Stock Market (“NASDAQ”) of all
reports and documents required to be filed under the Exchange Act so as to permit the completion of the sale of the Securities as contemplated by this Agreement, the Pricing Disclosure Package and the Offering Memorandum. 

(h) Restriction on Sale of Securities. To not, without the prior written consent of the Representative on behalf
of the Initial Purchasers, directly or indirectly, offer, sell, contract to sell, or otherwise transfer or dispose of any of our debt securities that are pari passu with, and otherwise substantially similar to, the Securities, or securities
convertible into or exchangeable for such debt securities, or sell or grant any options, rights or warrants with respect to such debt securities, for a period of 90 days from the date the Securities are issued. 

(i) Stand Off Agreement. Between the date of this Agreement and the Closing Date, to not, without the prior
consent of the Representative on behalf of the Initial Purchasers, offer or sell, or enter into any agreement to sell, any debt securities (excluding deposit obligations) of the Company or its subsidiaries. 

(j) Future Reports to the Initial Purchasers. During the period of two years hereafter, to furnish to the Initial
Purchasers: (i) as soon as practicable after the end of each fiscal year, copies of the Annual Report of the Company containing the balance sheet of the Company as of the close of such fiscal year and statements of income, stockholders’
equity and cash flows for the year then ended and the opinion thereon of the Company’s independent public or certified public accountants; (ii) as soon as practicable after the filing thereof, copies of each proxy statement, Annual Report
on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Company with the Commission
or any securities exchange; and (iii) as soon as available, copies of any report or communication of the Company furnished or made available generally to holders of its capital stock; provided, however, that the requirements of this
Section 4(i) shall be satisfied to the extent that such reports, statements, communications, financial statements or other documents are available on EDGAR. 

  
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 (k) Investment Limitation. To not invest or otherwise use the
proceeds received by the Company from its sale of the Securities in such a manner as would require the Company or any of its subsidiaries to register as an investment company under the Investment Company Act. 

(l) No Stabilization or Manipulation. To not take, and to ensure that no affiliate of the Company will take,
directly or indirectly, any action designed to or that might cause or result in stabilization or manipulation of the price of the Securities or any reference security with respect to the Securities, whether to facilitate the sale or resale of the
Securities or otherwise. 
 (m) Company to Provide Interim Financial Statements. Prior to the Closing Date, to
furnish the Initial Purchasers, as soon as they have been prepared by, or are available to, the Company, a copy of any unaudited interim financial statements of the Company for any period subsequent to the period covered by the most recent financial
statements appearing in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, provided, however, that the requirements of this Section 4(l) shall be satisfied to the extent that such unaudited interim
financial statements are available on EDGAR. 
 (n) NRSRO Rating. To use its commercially reasonable efforts to
maintain a rating by a “nationally recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act (“NRSRO”) while any Securities remain outstanding. 

Section 5 Payment of Expenses. 

The Company agrees to pay all costs, fees and expenses incurred in connection with the performance of its obligations hereunder and in
connection with the transactions contemplated hereby, including without limitation (i) all expenses incident to the issuance and delivery of the Securities (including any fees and expenses related to the use of book-entry global note
certificates and all printing and engraving costs), (ii) all fees and expenses of the Trustee of the Securities, (iii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities to the
Initial Purchasers, (iv) all fees and expenses of the Company’s outside counsel, independent public or certified public accountants and other advisors, (v) all costs and expenses incurred in connection with the preparation, printing,
filing, shipping and distribution of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (including financial statements, exhibits, schedules, consents and certificates of experts), and all amendments and
supplements thereto, and each of the Transaction Documents, (vi) all filing fees, attorneys’ fees, costs and expenses incurred by the Company or reasonably incurred by the Initial Purchasers in connection with qualifying or registering (or
obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the state securities or blue sky laws, and, if requested by the Initial Purchasers, preparing

  
 24 

 
and printing a “Blue Sky Survey” or memorandum and any supplements thereto, advising the Initial Purchasers of such qualifications, registrations and exemptions, (vii) the
reasonable out-of-pocket expenses of the Initial Purchasers incurred in connection with the Transactions, upon request made from time to time, including without
limitation, the reasonable and documented legal fees, costs and expenses of Vedder Price P.C., counsel to the Initial Purchasers, and all marketing, syndication and travel expenses, (viii) costs, fees and expenses incurred by the Initial
Purchasers in connection with determining its compliance with the rules and regulations of FINRA related to the Initial Purchasers’ participation in the offering and distribution of the Securities, including any related filing fees and the
reasonable and documented legal fees of, and disbursements by, outside counsel to the Initial Purchasers, (ix) the fees, costs and expenses of the Company relating to investor presentations on any “road show,” including, without
limitation, expenses associated with the preparation or dissemination of any electronic road show, expenses associated with the production of road show slides and graphics, fees and expenses of any consultants engaged in connection with the road
show presentations with the prior approval of the Company, travel and lodging expenses of the Representative, employees and officers of the Company and any such consultants, and the cost of any aircraft chartered in connection with the road show,
(x) the cost of preparing and providing any CUSIP or other identification numbers for the Securities, and (xi) any fees charged by rating agencies for rating the Securities. In the event any Initial Purchaser incurs any such costs, fees
and expenses on behalf of the Company, the Company will reimburse such Initial Purchaser for such reasonable costs, fees and expenses whether or not the transactions contemplated hereby are consummated, except in the case that the Agreement is
terminated pursuant to Section 11. Except as specifically provided in this Section 5 or in Section 7, Section 9 or Section 10 hereof, the Initial Purchasers shall pay their own expenses. 

Section 6 Conditions of the Obligations of the Initial Purchasers. 

The respective obligations of the Initial Purchasers hereunder to purchase and pay for the Securities as provided herein on the Closing Date,
shall be subject to the accuracy of the representations and warranties on the part of the Company set forth in Section 1 hereof as of the date hereof and as of the Closing Date, as though then made, the accuracy of the representations and
warranties on the part of the Principal Banking Subsidiary set forth in Section 2 hereof as of the date hereof and as of the Closing Date, as though then made, to the timely performance by the Company of its covenants and other obligations
hereunder, and to each of the following additional conditions: 
 (a) Comfort Letters. On the date hereof, the
Representative shall have received from Crowe LLP, independent registered public accountants for the Company, a letter dated the date hereof addressed to the Representative on behalf of the Initial Purchasers, in form and substance satisfactory to
the Representative, containing statements and information of the type ordinarily included in accountant’s “comfort letters” to Initial Purchasers, delivered according to the Public Company Accounting Oversight Board (United States)
Auditing Standards 6101 (or any successor bulletin), with respect to the audited and unaudited financial statements and certain financial information contained in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering
Memorandum. 

  
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 (b) No Objection from FINRA. If a filing has been made with
FINRA, FINRA shall have raised no objection to the fairness and reasonableness of the terms and arrangements relating to the compensation of the Initial Purchasers payable under this Agreement. 

(c) No Material Adverse Change or Ratings Agency Change. For the period from and after the date of this Agreement
and through and including the Closing Date: 
 (i) in the judgment of the Representative, there shall not have occurred any
Material Adverse Change; 
 (ii) there shall not have occurred any downgrading, nor shall any notice have been given of any
intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities of the Company or any of its subsidiaries by any NRSRO; and 

(iii) the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum shall not be subject to
any proceeding by any federal bank or securities regulatory authority. 
 (d) Opinion and Negative Assurance Letter
of Counsel for the Company. On the Closing Date, the Initial Purchasers shall have received the opinion and negative assurance letter of Vorys, Sater, Seymour and Pease LLP, counsel for the Company, dated as of such date, in form and substance
reasonably satisfactory to the Representative. 
 (e) Opinion Letter of Chief Legal Officer of the Company and the
Bank. On the Closing Date, the Initial Purchasers shall have received the opinion letter of Jude J. Nohra, Chief Legal Officer of the Company, dated as of such date, in form and substance reasonably satisfactory to the Representative. 

(f) Opinion and Negative Assurance Letter of Counsel for the Initial Purchasers. On the Closing Date, the Initial
Purchasers shall have received the opinion and negative assurance letter of Vedder Price P.C., counsel for the Initial Purchasers, in form and substance satisfactory to the Representative, dated as of such date. 

(g) Officers’ Certificate. On the Closing Date, the Initial Purchasers shall have received a certificate
executed by each of the President of the Company, the Chief Executive Officer of the Company, and the Chief Financial Officer of the Company, dated as of such date, to the effect that: 

(i) for the period from and including the date of this Agreement through and including such date, there has not occurred any
Material Adverse Change; 
 (ii) the representations, warranties and covenants of the Company set forth in Section 1 of
this Agreement are true and correct with the same force and effect as though expressly made on and as of such date; 

  
 26 

 (iii) they have examined the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum, and in their opinion (A) the Pricing Disclosure Package, as of the Applicable Time, and each of the Preliminary Offering Memorandum and the Offering Memorandum, as of its date and the Closing
Date, did not and does not include any untrue statement of a material fact and did not and does not omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading, and (B) since the respective dates of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, no event has occurred which should have been set forth in a supplement or amendment to the
Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, as the case may be; and 
 (iv)
the Company has complied with all the agreements hereunder and satisfied all the conditions on its part to be performed or satisfied hereunder at or prior to such date. 

(h) Chief Financial Officer’s Certificate. On the date hereof and the Closing Date, the Initial Purchasers
shall have received a certificate executed by the Chief Financial Officer of the Company, dated the date hereof and the Closing Date, respectively, with respect to certain financial data contained in the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum, providing “management comfort” with respect to such information, in form and substance satisfactory to the Representative, dated the date hereof and the Closing Date, respectively. 

(i) Bring-down Comfort Letter. On the Closing Date, the Initial Purchasers shall have received from Crowe LLP,
independent registered public accountants for the Company, a letter dated such date, in form and substance satisfactory to the Representative, which letter shall: (i) reaffirm the statements made in the letter furnished pursuant to
Section 6(a), except that the specified date referred to therein for the carrying out of procedures shall be no more than three business days prior to the Closing Date; and (ii) cover certain financial information contained in the
Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum. 
 (j) Ratings.
The Securities shall have been rated investment grade by Kroll Bond Rating Agency, Inc. 
 (k) Additional
Documents. On or before the Closing Date, the Initial Purchasers and counsel for the Initial Purchasers shall have received such information, documents and opinions as they may reasonably request for the purposes of enabling them to pass upon
the issuance and sale of the Securities as contemplated herein, or in order to evidence the accuracy of any of the representations and warranties, or the satisfaction of any of the conditions or agreements, herein contained; and all proceedings
taken by the Company in connection with the issuance and sale of the Securities as contemplated herein shall be satisfactory in form and substance to the Initial Purchasers and counsel for the Initial Purchasers. 

  
 27 

 (l) Indenture. The Indenture shall have been executed and
delivered by each party thereto and an executed copy thereof shall have been provided to the Initial Purchasers. 

(m) DTC. The Securities shall be eligible for clearance and settlement through DTC. 

If any condition specified in this Section 6 is not satisfied when and as required to be satisfied, this Agreement may be terminated by
the Initial Purchasers by notice from the Representative to the Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that Section 5,
Section 7, Section 9 and Section 10 shall at all times be effective and shall survive such termination. 

Section 7 Reimbursement of Initial Purchasers’ Expenses. 

If this Agreement is terminated by the Initial Purchasers pursuant to Section 6 or Section 12, or if the sale to the Initial
Purchasers of the Securities on the Closing Date is not consummated because of any refusal, inability or failure on the part of the Company to perform any agreement herein or to comply with any provision hereof, the Company agrees to reimburse the
Representative and the other Initial Purchasers (or such Initial Purchasers as have terminated this Agreement with respect to themselves), severally, upon demand for all documented
out-of-pocket expenses that shall have been reasonably incurred by the Representative and the Initial Purchasers in connection with the proposed purchase and the
offering and sale of the Securities up to $150,000, including, but not limited to, fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges, subject to the provisions of Section 5. 

Section 8 Effectiveness of this Agreement. 

This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. 

Section 9 Indemnification. 

(a) Indemnification of the Initial Purchasers. The Company and the Principal Banking Subsidiary, jointly and
severally, agree to indemnify and hold harmless each Initial Purchaser, their respective affiliates, directors, officers, employees, partners and agents, and each person, if any, who controls each Initial Purchaser within the meaning of the
Securities Act or the Exchange Act (a “controlling person”) against any loss, claim, damage, liability or expense, as incurred, to which such Initial Purchasers or such affiliate, director, officer, employee, partner, agent or
controlling person may become subject, under the Securities Act, the Exchange Act, or any federal or state statutory law or regulation, or the laws or regulations of foreign jurisdictions where Securities have been offered or sold or at common law
or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises
out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, any materials provided to investors by, or with
the approval of, the 

  
 28 

 
Company in connection with the Exempt Resales of the Securities, including any roadshow or written investor presentations provided to investors by the Company (whether in person or
electronically) (“marketing material”), or the omission or alleged omission to state therein a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading;
and to reimburse such Initial Purchaser and each such affiliate, director, officer, employee, agent, partner and controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred
by such Initial Purchaser or such affiliate, director, officer, employee, agent, partner or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action;
provided, however, that the foregoing indemnity agreement shall not apply to any loss, claim, damage, liability or expense to the extent, but only to the extent, arising out of, or based upon, any untrue statement or alleged untrue statement or
omission or alleged omission made in reliance upon and in conformity with information relating to any Initial Purchaser furnished to the Company by the Representative in writing expressly for use in the Preliminary Offering Memorandum, the Pricing
Disclosure Package or the Offering Memorandum, it being understood and agreed that such information only consists of the information described in Section 9(b) below; and provided further, that the Principal Banking Subsidiary shall not be
liable in any such case to the extent such indemnification, or contribution pursuant to Section 10 of this Agreement, is found to constitute a covered transaction pursuant to Section 23A of the Federal Reserve Act, as amended. The
indemnity agreement set forth in this Section 9(a) shall be in addition to any liabilities that the Company may otherwise have. 

(b) Indemnification of the Company and the Principal Banking Subsidiary. Each Initial Purchaser agrees, severally
and not jointly, to indemnify and hold harmless the Company and the Principal Banking Subsidiary, their affiliates, directors, officers, employees, partners and agents and each controlling person of the Company and the Principal Banking Subsidiary,
if any, against any loss, claim, damage, liability or expense, as incurred, to which the Company or the Principal Banking Subsidiary, or any such affiliate, director, officer, employee, partner, agent or controlling person may become subject, under
the Securities Act, the Exchange Act, or other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Initial
Purchaser), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact included in the
Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum (or any such amendment or supplement thereto) or the omission or alleged omission to state therein a material fact necessary in order to make the statements,
in the light of the circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Preliminary
Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (or any such amendment or supplement thereto), in reliance upon and in conformity with information relating to such Initial Purchaser furnished to the Company by the
Representative in writing expressly for use therein; and to reimburse the Company and the Principal Banking Subsidiary and each such affiliate, director, officer, employee, partner, 

  
 29 

 
agent or controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred by the Company and the Principal Banking Subsidiary
or such affiliate, director, officer, employee, partner, agent or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action. The Company and the
Principal Banking Subsidiary hereby acknowledge that the only information that the Representative has furnished to the Company expressly for use in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (or
any amendment or supplement to the foregoing) are the statements set forth in the second paragraph in the section entitled “Plan of Distribution” and the second sentence in the fourth paragraph of the same section in the Preliminary
Offering Memorandum and the Offering Memorandum. The indemnity agreement set forth in this Section 9(b) shall be in addition to any liabilities that each Initial Purchaser may otherwise have. 

(c) Notifications and Other Indemnification Procedures. Promptly after receipt by an indemnified party under this
Section 9 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 9, notify the indemnifying party in writing of the
commencement thereof, but the omission to so notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party to the extent the indemnifying party is not materially prejudiced as a
proximate result of such failure and shall not, in any event, relieve the indemnifying party from any liability that it may have otherwise than on account of this indemnity agreement. In case any such action is brought against any indemnified party
and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in, and, to the extent that it shall elect, jointly with all other indemnifying parties similarly
notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided,
however, that if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and
the indemnified party in conducting the defense of any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the
indemnified party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the
indemnifying party to such indemnified party of such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party
under this Section 9 for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the
proviso to the preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the fees and expenses of more than one separate counsel (together with local counsel), representing the indemnified parties who are
parties to such action), which counsel (together with any local counsel) for the indemnified parties shall be selected by the Representative (in the case of counsel for the 

  
 30 

 
indemnified parties referred to in Section 9(a) above) or by the Company (in the case of counsel for the indemnified parties referred to in Section 9(b) above)) or
(ii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action or (iii) the indemnifying
party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party, in each of which cases the reasonable fees and expenses of counsel shall be at the expense of the indemnifying party and
shall be paid as they are reasonably incurred. 
 (d) Settlements. The indemnifying party under this
Section 9 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the
indemnified party for fees and expenses of counsel as contemplated by Section 9(c) hereof, the indemnifying party shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered
into more than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request prior to the date of such settlement
unless the failure of the indemnifying party to provide such reimbursement is the result of a good faith dispute with the indemnifying party with respect to its obligation to provide the requested disbursements. No indemnifying party shall, without
the prior written consent of the indemnified party, effect any settlement, compromise or consent to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party
and indemnity was or could have been sought hereunder by such indemnified party, unless such settlement, compromise or consent includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of
such action, suit or proceeding and does not include an admission of fault or culpability or a failure to act by or on behalf of such indemnified party. 

Section 10 Contribution. 

If the indemnification provided for in Section 9 is for any reason held to be unavailable to or otherwise insufficient to hold harmless an
indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of
any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Principal Banking Subsidiary, on the one hand, and the Initial
Purchasers, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect
not only the relative benefits referred to in clause (i) above but also the relative fault of the Company and the Principal Banking Subsidiary, on the one hand, and the Initial Purchasers, on the other hand, in connection with the statements or
omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative benefits received by 

  
 31 

 
the Company and the Principal Banking Subsidiary, on the one hand, and the Initial Purchasers, on the other hand, in connection with the offering of the Securities pursuant to this Agreement
shall be deemed to be in the same respective proportions as the total proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the Company, and the total underwriting discounts and commissions
received by the Initial Purchasers, in each case as set forth on the front cover page of the Offering Memorandum, bear to the aggregate offering price of the Securities as set forth on such cover page. The relative fault of the Company and the
Principal Banking Subsidiary, on the one hand, and the Initial Purchasers, on the other hand, shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by the Company and the Principal Banking Subsidiary, on the one hand, or the Initial Purchasers, on the other hand (it being understood and agreed that such information supplied by
the Initial Purchasers only consists of the information described in Section 9(b) above), and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed
to include, subject to the limitations set forth in Section 9(c), any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions set forth in
Section 9(c) with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under this Section 10; provided, however, that no additional notice shall be required with respect to any action for
which notice has been given under Section 9(c) for purposes of indemnification. 
 The Company, the Principal Banking Subsidiary and
the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section 10 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable
considerations referred to in this Section 10. 
 Notwithstanding the provisions of this Section 10, no Initial Purchaser shall be
required to contribute any amount in excess of the discounts and commissions received by such Initial Purchaser in connection with the Securities purchased by it hereunder. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this Section 10 are several,
and not joint, in proportion to their respective purchase commitments as set forth opposite their respective names on Schedule A. For purposes of this Section 10, each affiliate, director, officer, employee, partner and agent of an
Initial Purchaser and each controlling person, if any, who controls an Initial Purchaser, shall have the same rights to contribution as such Initial Purchaser, and each affiliate, director, officer, employee, partner, agent of the Company and the
Principal Banking Subsidiary and each controlling person, if any, of the Company, shall have the same rights to contribution as the Company. 

  
 32 

 Section 11 Default of One or More of the Initial Purchasers. 

If, on the Closing Date, any one or more of the Initial Purchasers shall fail or refuse to purchase Securities that it or they have agreed to
purchase hereunder on such date, and the aggregate principal amount of the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase does not exceed 10% of the aggregate principal amount of the
Securities to be purchased on such date, the Representative may make arrangements satisfactory to the Company for the purchase of such Securities by other persons, including any of the Initial Purchasers, but if no such arrangements are made by such
date, the other Initial Purchasers shall be obligated, severally and not jointly, in the proportions that the principal amount of Securities set forth opposite their respective names on Schedule A bears to the aggregate principal amount of
Securities set forth opposite the names of all such non-defaulting Initial Purchasers, or in such other proportions as may be specified by the Representative with the consent of the non-defaulting Initial Purchasers, to purchase the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on such date. If, on the Closing Date, any one or
more of the Initial Purchasers shall fail or refuse to purchase the Securities and the aggregate principal amount of Securities with respect to which such default occurs exceeds 10% of the aggregate principal amount of Securities to be purchased on
such date, and arrangements satisfactory to the Representative and the Company for the purchase of such Securities are not made within 48 hours after such default, and unless the Closing Date is postponed pursuant to this Section 11, this
Agreement shall terminate without liability of any party to any other party except that the provisions of Section 5, Section 7, Section 9 and Section 10 shall at all times be effective and shall survive such termination. In any
such case either the Representative or the Company shall have the right to postpone the Closing Date, but in no event for longer than seven days in order that the required changes, if any, to the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum or any other documents or arrangements may be effected. 
 As used in this Agreement, the
term “Initial Purchaser” shall be deemed to include any person substituted for a defaulting Initial Purchaser under this Section 11. Any action taken under this Section 11 shall not relieve any defaulting Initial Purchaser
from liability in respect of any default of such Initial Purchaser under this Agreement. 
 Section 12
Termination of this Agreement. 
 The Initial Purchasers may terminate this Agreement, by notice to the Company, at any time at or
prior to the Closing Date if, in the reasonable judgement of the Representative, since the time of execution of this Agreement or since the respective dates as of which information is given in the Preliminary Offering Memorandum, the Pricing
Disclosure Package and the Offering Memorandum, (i) there has occurred any Material Adverse Effect, (ii) there has occurred any material adverse change in the financial markets in the United States, any outbreak of hostilities or
escalation thereof or any other calamity or crisis, including a widespread outbreak of epidemic illnesses (including the novel coronavirus COVID-19 but only to the extent that there is a material worsening of
such outbreak that actually occurs after the date hereof in the markets in which the Company operates) or any change or development involving a prospective change in national political, financial or economic conditions, in each case the effect of
which is such as to make it, in the judgment of the Representative, impracticable or inadvisable to proceed with the completion 

  
 33 

 
of the purchase and Exempt Resale of the Securities on the terms and in the manner contemplated in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum
or to enforce contracts for the sale of the Securities, (iii) trading or quotation in any securities of the Company has been suspended or limited by the Commission or by NASDAQ, or if trading generally on the New York Stock Exchange
(“NYSE”) or NASDAQ has been suspended or limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any of said exchanges or by order of the Commission, FINRA or any other
governmental authority, (iv) there has occurred a downgrading in or withdrawal of the rating assigned to the Securities or any other securities of the Company by any NRSRO, or such NRSRO has publicly announced that it has under surveillance or
review, or has changed its outlook with respect to, its rating of the Securities or any other securities of the Company, or (v) a banking moratorium has been declared by the United States, Ohio or New York authorities or a material restriction
on banking activities or operations by such regulatory authorities or a material disruption has occurred in commercial banking or securities settlement and clearances services in the United States. Any termination pursuant to this Section 12
shall be without liability on the part of (a) the Company to the Initial Purchasers, except that the Company shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Section 5 or Section 7 hereof or
(b) the Initial Purchasers to the Company; provided, however, that the provisions of Section 9 and Section 10 shall at all times be effective and shall survive such termination. 

Section 13 No Advisory or Fiduciary Relationship. 

The Company acknowledges and agrees that (a) the purchase of the Securities pursuant to this Agreement, including the determination of the
interest rate, terms and price of the Securities and any related discounts and commissions, is an arm’s-length commercial transaction between the Company, on the one hand, and the several Initial
Purchasers, on the other hand, (b) in connection with the transactions contemplated hereby and the process leading to such transaction, each Initial Purchaser is and has been acting solely as a principal and is not the agent or fiduciary of the
Company, or its shareholders, or its creditors, employees or any other party, (c) no Initial Purchaser has assumed or will assume an advisory or fiduciary responsibility in favor of the Company with respect to the transactions contemplated
hereby or the process leading thereto (irrespective of whether such Initial Purchaser has advised or is currently advising the Company on other matters) and no Initial Purchaser has any obligation to the Company with respect to the transactions
contemplated hereby except the obligations expressly set forth in this Agreement, (d) the Initial Purchasers and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the
Company, and (e) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering contemplated hereby and the Company has consulted its own legal, accounting, regulatory and tax advisors to
the extent it deemed appropriate. 
 Section 14 Representations and Indemnities to Survive Delivery. 

The respective indemnities, agreements, representations, warranties and other statements of the Company, the Principal Banking Subsidiary and
of their respective officers and of the several Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of any Initial Purchaser, the Company, the
Principal Banking Subsidiary or any of its or their respective partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the
Securities sold hereunder and any termination of this Agreement. 

  
 34 

 Section 15 Notices. 

All communications hereunder shall be in writing and shall be mailed (including electronic mail), hand delivered or telecopied and confirmed to
the parties hereto as follows: 
  

			
	 If to the Representative:

		
		  	 Piper Sandler & Co.
 1251 Avenue of the
Americas, 6th Floor
 New York, New York 10020
 Facsimile: (212)
466-7796
 E-mail: jennifer.docherty@psc.com

Attention: General Counsel

		
	 with a copy to:
	  	
		
		  	 Vedder Price P.C.
 222 North LaSalle Street,
Suite 2600
 Chicago, Illinois 60601
 Facsimile: (312) 609-5005
 E-mail: jking@vedderprice.com

Attention: Jennifer D. King

	
	 If to the Company or the Principal Banking Subsidiary:

		
		  	 Premier Financial Corp.
 601 Clinton Street

Defiance, Ohio 43512
 Facsimile: (419) 782-5015
 E-mail:
pnungester@first-fed.com
 Attention: Paul D. Nungester, Jr., Chief Financial Officer

		
	 with a copy to:
	  	
		
		  	 Vorys, Sater, Seymour and Pease LLP
 301 East
Fourth Street, Suite 3500
 Great American Tower
 Cincinnati,
Ohio 45202
 Facsimile: (513) 852-7892

E-mail: kjschaefer@vorys.com

Attention: Kimberly J. Schaefer

 Any party hereto may change the address for receipt of communications by giving written notice to the others.

  
 35 

 Section 16 Successors. 

This Agreement will inure to the benefit of and be binding upon the parties hereto, including any substitute Initial Purchasers pursuant to
Section 11 hereof and to the benefit of the affiliates, directors, officers, employees, agents, partners and controlling persons referred to in Section 9 and Section 10, and in each case their respective successors, and no other
person will have any right or obligation hereunder. The term “successors” shall not include any purchaser of the Securities as such from any of the Initial Purchasers merely by reason of such purchase. 

Section 17 Partial Unenforceability. 

The invalidity or unenforceability of any section, paragraph or provision of this Agreement shall not affect the validity or enforceability of
any other section, paragraph or provision hereof. If any section, paragraph or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes)
as are necessary to make it valid and enforceable. 
 Section 18 Recognition of the U.S. Special Resolution Regimes. 

(a) In the event that any Initial Purchaser that is a covered entity becomes subject to a proceeding under a U.S.
Special Resolution Regime, the transfer from such Initial Purchaser of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special
Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. 

(b) In the event that any Initial Purchaser that is a covered entity or a BHC Act Affiliate of such Initial Purchaser
becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Initial Purchaser are permitted to be exercised to no greater extent than such Default Rights could be
exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. 

For purposes of this Agreement, (A) “BHC Act Affiliate” has the meaning assigned to the term “affiliate” in, and
shall be interpreted in accordance with, 12 U.S.C. § 1841(k); (B) “Covered Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12
C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in
accordance with, 12 C.F.R. § 382.2(b); (C) “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable; and (D)
“U.S. Special Resolution Regime” means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the
regulations promulgated thereunder. 

  
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 Section 19 Governing Law Provisions. 

This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements made
and to be performed in such state. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in the federal courts of the United States of America located in the
Borough of Manhattan in the City of New York or the courts of the State of New York in each case located in the Borough of Manhattan in the City of New York (collectively, the “Specified Courts”), and each party irrevocably submits
to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail to such party’s address set forth above shall be effective service of process for any suit, action
or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree
not to plead or claim in any such court that any such suit, action or other proceeding brought in any such court has been brought in an inconvenient forum. 

Section 20 General Provisions. 

This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior written or oral and all
contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. This Agreement may be executed in two or more counterparts, each one of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic
Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes. This
Agreement may not be amended or modified unless in writing by all of the parties hereto, and no condition herein (express or implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The
section headings herein are for the convenience of the parties only and shall not affect the construction or interpretation of this Agreement. 

Each of the parties hereto acknowledges that it is a sophisticated business person who was adequately represented by counsel during
negotiations regarding the provisions hereof, including, without limitation, the indemnification provisions of Section 9 and the contribution provisions of Section 10, and is fully informed regarding said provisions. Each of the parties
hereto further acknowledges that the provisions of Section 9 and Section 10 hereof fairly allocate the risks in light of the ability of the parties to investigate the Company, its affairs and its business in order to assure that adequate
disclosure has been made in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (and any amendments and supplements to the foregoing), as contemplated by the Securities Act and the Exchange Act. 

[Signature Pages Follow] 

  
 37 

 If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to the Company and the Principal Banking Subsidiary the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms. 

 

			
	Very truly yours,
	
	PREMIER FINANCIAL CORP.
		
	By:	 	 /s/ Paul D. Nungester, Jr.

	Name:	 	Paul D. Nungester, Jr.
	Title:	 	Executive Vice President and Chief Financial Officer
	
	PREMIER BANK
		
	By:	 	 /s/ Paul D. Nungester, Jr.

	Name:	 	Paul D. Nungester, Jr.
	Title:	 	Executive Vice President and Chief Financial Officer

 [Signature Page to Purchase Agreement] 

 The foregoing Purchase Agreement is hereby confirmed and accepted by the Initial Purchasers
in New York, New York as of the date first above written. 
  

			
	PIPER SANDLER & CO.

 
			
		
	By:	 	 /s/ Jennifer Docherty

			
	Name:	 	Jennifer Docherty
	Title:	 	Managing Director
		
		 	Acting individually and as Representative of the Initial Purchasers named in the attached Schedule A hereto

 [Signature Page to Purchase Agreement]

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