Document:

exv10w7

 

Exhibit 10.7

Execution Version

 

ACQUISITION AGREEMENT AND PLAN OF MERGER

among

Northland National Bank

a national association

and

Blue Valley Ban Corp.,

a Kansas corporation

and

Western National Bank,

a national association

Dated as of March 2, 2007.

 

 

 

Execution Version

TABLE OF CONTENTS

Acquisition Agreement and Plan of Merger

	 	 	 	 	 	 	 
	ARTICLE I THE MERGER	 	 	4	 
	1.01
	 	The Merger	 	 	4	 
	1.02
	 	Closing	 	 	5	 
	1.03
	 	Effective Time	 	 	7	 
	1.04
	 	Articles of Association and Bylaws	 	 	9	 
	1.05
	 	Board of Directors and Officers	 	 	10	 
	1.06
	 	Additional Actions	 	 	12	 
	1.07
	 	Merger Consideration	 	 	14	 
	1.08
	 	Payment of Merger Consideration	 	 	18	 
	1.09
	 	Closing of Stock Transfer Books	 	 	19	 
	1.10
	 	Entire Transaction	 	 	22	 
	 
	 	 	 	 	 	 
	ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE SELLER ENTITIES	 	 	27	 
	2.01
	 	Incorporated Seller Bank Representations and Warranties	 	 	28	 
	2.02
	 	Incorporated Seller Holding Company Representations and Warranties	 	 	28	 
	 
	 	 	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES OF ACQUIROR BANK	 	 	29	 
	3.01
	 	Organization and Authority	 	 	30	 
	3.02
	 	Corporate Authorization	 	 	31	 
	3.03
	 	Regulatory Matters	 	 	36	 
	3.04
	 	Brokers, Investment Bankers, and Finders	 	 	38	 
	3.05
	 	Availability of Funds	 	 	39	 
	3.06
	 	Accuracy of Information	 	 	39	 
	 
	 	 	 	 	 	 
	ARTICLE IV CONDUCT OF BUSINESS PRIOR TO THE EFFECTIVE TIME	 	 	41	 
	4.01
	 	Conduct of Businesses Prior to the Effective Time	 	 	41	 
	4.02
	 	Forbearances by the Seller Entities	 	 	42	 
	 
	 	 	 	 	 	 
	ARTICLE V ADDITIONAL AGREEMENTS	 	 	48	 
	5.01
	 	Access and Information	 	 	48	 
	5.02
	 	Regulatory Approvals	 	 	52	 
	5.03
	 	Current Information	 	 	53	 
	5.04
	 	Expenses	 	 	55	 
	5.05
	 	Miscellaneous Agreements and Consents	 	 	55	 
	5.06
	 	Press Releases	 	 	57	 
	5.07
	 	Nonsolicitation and Exclusive Dealing	 	 	58	 
	5.08
	 	Regulatory Fees	 	 	62	 
	5.09
	 	Custodial Accounts	 	 	63	 
	5.10
	 	FHLB Stock	 	 	65	 

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	ARTICLE VI CERTAIN CONDITIONS	 	 	66	 
	6.01
	 	Conditions to Each Party’s Obligation to Effect the Merger	 	 	66	 
	6.02
	 	Conditions to Obligations of the Seller Entities	 	 	70	 
	6.03
	 	Conditions to Obligations of Acquiror Bank	 	 	72	 
	 
	 	 	 	 	 	 
	ARTICLE VII INDEMNIFICATION	 	 	77	 
	7.01
	 	Indemnification	 	 	77	 
	7.02
	 	Indemnification Procedures	 	 	86	 
	 
	 	 	 	 	 	 
	ARTICLE VIII TERMINATION, AMENDMENT, AND WAIVER	 	 	94	 
	8.01
	 	Termination	 	 	94	 
	8.02
	 	Effect of Termination	 	 	97	 
	8.03
	 	Amendment	 	 	100	 
	8.04
	 	Waiver	 	 	100	 
	 
	 	 	 	 	 	 
	ARTICLE IX GENERAL PROVISIONS	 	 	101	 
	9.01
	 	Survival of Representations, Warranties, and Agreements	 	 	101	 
	9.02
	 	No Assignment; Successors and Assigns	 	 	103	 
	9.03
	 	Severability	 	 	104	 
	9.04
	 	No Implied Waiver	 	 	105	 
	9.05
	 	Headings	 	 	106	 
	9.06
	 	Entire Agreement	 	 	107	 
	9.07
	 	Counterparts	 	 	108	 
	9.08
	 	Notices	 	 	109	 
	9.09
	 	Governing Law; Venue; Jury Waiver	 	 	117	 
	9.10
	 	Third Party Beneficiaries	 	 	119	 
	9.11
	 	Mutual Drafting	 	 	120	 

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	SCHEDULES
	2.01
	 	Incorporated Representations and Warranties of Seller Bank
	2.02
	 	Incorporated Representations and Warranties of Seller Holding Company
	4.02
	 	Forbearances by the Seller Entities, Exceptions

iii

 

 

ACQUISITION AGREEMENT AND PLAN OF MERGER

     THIS ACQUISITION AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into, as of March 2, 2007, by and among Northland National Bank, a National
Association with its principal offices in Gladstone, Missouri
(“Acquiror Bank”), Blue Valley Ban
Corp., a Kansas corporation and registered bank holding company (“Seller Holding Company”), and
Western National Bank, a National Association with its principal offices in Lenexa, Kansas (“Seller
Bank” and collectively with Seller Holding Company, the “Seller Entities”).

     WHEREAS, the respective Boards of Directors of Acquiror Bank and the Seller Entities have
authorized the execution and delivery of this Agreement; and

     WHEREAS, Acquiror Bank and the Seller Entities desire to provide for certain undertakings,
conditions, representations, warranties, and covenants in connection with the transactions
contemplated by this Agreement.

     NOW, THEREFORE, in consideration of the premises and of the representations, warranties, and
agreements herein contained, the parties agree as follows:

Article I

THE MERGER

     1.01 The Merger. Subject to the terms and conditions of this Agreement, Seller Bank shall
be merged with and into Acquiror Bank (the “Merger”) in accordance with the National Bank Act, and
the separate corporate existence of Seller Bank shall cease. Acquiror Bank shall be the surviving
corporation in the Merger (referred to herein as the “Surviving Corporation” with respect to the
period after the Merger is effected) and shall operate under the name “Northland National Bank”

     1.02 Closing. The closing of the Merger (the “Closing”) shall take place, subject to
satisfaction or waiver of all conditions set forth in Article VI hereof, on such date (the “Closing
Date”) and in such manner as may be mutually agreed by the Seller Entities and Northland. In the
absence of such agreement the Closing Date shall be on a date specified by the Seller Entities or
Northland upon five (5) business days’ written notice, after receipt of all Approvals (as defined
below) and the expiration of all statutory waiting periods.

     As used herein, “Approvals” shall mean all approvals of all regulatory entities necessary for
the consummation of the transactions contemplated in this Agreement, including, but not limited
to, any approvals of the Comptroller of the Currency (the “OCC”), the Federal Reserve Bank of
Kansas City (the “Fed”), the Federal Deposit Insurance Corporation (the “FDIC”), and the Kansas
Office of the State Bank Commissioner (the “OSBC”), collectively referred to herein as the
“Approving Authorities.”

     1.03 Effective Time. On the Closing Date, Acquiror Bank will cause the Merger to be
consummated by delivering to the OCC and any other required regulatory entity, for filing, articles
of merger or a notice of consummation in such form as required by, and duly executed in accordance
with, the relevant provisions of federal banking laws applicable to national

 

 

associations. The Merger shall be effective as of the Closing Date, which shall have been
previously approved as the date of consummation by the OCC (the
“Effective Date”). The parties
agree that (unless otherwise required by any of the Approving Authorities), as to the allocation
of rights, responsibilities and liabilities among themselves, the Merger shall be deemed to be
effective as of 11:59 p.m., local time (the “Effective Time”).

     1.04 Articles of Association and Bylaws. The Articles of Association and Bylaws of Acquiror
Bank in effect immediately prior to the Effective Time shall be the Articles of Association and
Bylaws of the Surviving Corporation, and shall continue in each case until amended in accordance
with their respective provisions and applicable law.

     1.05 Board of Directors and Officers.

     (a) Immediately upon the Effective Time, the Board of Directors of the Surviving Corporation
shall consist only of those persons serving as directors of Acquiror Bank immediately prior to the
Effective Time and the terms of those directors after the Effective Time shall be the same as their
respective terms immediately prior to the Effective Date.

     (b) Immediately upon the Effective Time, the officers of Acquiror Bank shall be and continue
as the officers of the Surviving Corporation until their respective successors are duly elected and
qualified. No person who was an officer of Seller Bank shall be an officer of the Surviving
Corporation.

     (c) Immediately upon the Effective Time, the employees of Acquiror Bank shall be and
constitute the employees of the Surviving Corporation. No person who was an employee of Seller Bank
shall be an employee of the Surviving Corporation.

     1.06 dditional Actions. If, at any time after the Effective Time, the Surviving Corporation
shall consider or be advised that any further deeds, assignments, or assurances in law or any other
acts are necessary or desirable to (i) vest, perfect, or confirm, of record or otherwise, in the
Surviving Corporation its right, title, or interest in, to, or under any of the rights, properties,
or assets of Seller Bank and Acquiror Bank, or (ii) otherwise carry out the purposes of this
Agreement, Seller Bank and its officers and directors and Acquiror Bank and its officers and
directors shall be deemed to have granted to the Surviving Corporation an irrevocable power of
attorney to execute and deliver all such deeds, assignments, or assurances in law and to do all
acts necessary or proper to vest, perfect, or confirm title to and possession of such rights,
properties, or assets in the Surviving Corporation and otherwise to carry out the purposes of this
Agreement, and the officers and directors of the Surviving Corporation are authorized in the name
of Seller Bank or Acquiror Bank, respectively, or otherwise to take any and all such actions.

     1.07 Merger Consideration. At the Effective Time, by virtue of the Merger and without any
action on the part of Acquiror Bank, Seller Bank, or any holder of the following securities:

     (a) Each share of common stock, par value $5.00 per share, of Seller Bank (collectively, the
“Seller Bank Stock”) issued and outstanding immediately prior to the Effective Time shall be
canceled and extinguished and be converted into the right to receive an amount of

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cash (referred to herein in the aggregate as the “Merger Consideration”) equal to the
quotient of (x) the Adjusted Book Value (as defined in the paragraph below) of Seller Bank,
plus Three Hundred Twenty-five Thousand Dollars ($325,000); divided by (y) the total number
of issued and outstanding shares of Seller Bank Stock as of the Closing Date (not including
treasury shares). All treasury shares shall be cancelled, and no consideration shall be paid with
respect to them.

     For purposes hereof, the term “Adjusted Book Value” means the total equity capital of Seller
Bank as reflected on Schedule RC (line 28) of Seller Bank’s December 31, 2006 Call Report, which
shall be prepared in a manner consistent with the past accounting practices of Seller Bank and in
accordance with bank regulatory guidelines.

     If Seller Bank transfers assets to Seller Holding Company or Bank of Blue Valley prior to
Closing, the parties will reduce the Merger Consideration by the fair market value of the assets
transferred.

     (b) Each share of stock of Acquiror Bank that is issued and outstanding immediately prior to
the Effective Time shall remain issued and outstanding in the hands of the holders thereof and
shall be deemed issued and outstanding shares of the Surviving Corporation, unchanged by the
Merger.

     1.08 Payment of Merger Consideration.

     (a) At the Closing, Seller Holding Company shall deliver to Acquiror Bank one or more
certificates representing all of the Seller Bank Stock, which stock certificates shall be duly
endorsed in blank for transfer and shall be presented with stock powers duly executed in blank.

     (b) At the Closing, Acquiror Bank shall pay to Seller Holding Company, as owner of all of the
Seller Bank Stock, the Merger Consideration. No interest shall be payable to any holder of
certificates formerly representing Seller Bank Stock.

     1.09 Closing of Stock Transfer Books. The stock transfer books of Seller Bank shall be closed
at the Effective Date. In the event of a transfer of ownership of shares of Seller Bank Stock which
is not registered in the transfer records of Seller Bank, the Merger Consideration to be
distributed pursuant to this Agreement attributable to such shares may be delivered by Acquiror
Bank, at its discretion, to a transferee if the certificate representing such shares is presented
to Acquiror Bank prior to the Closing, accompanied by all documents required to evidence and effect
such transfer and by payment of any applicable stock transfer taxes. Acquiror Bank shall be
entitled to rely upon the stock transfer books of Seller Bank to establish the identity of those
persons entitled to receive the Merger Consideration specified in this Agreement for their shares
of Seller Bank Stock, which books shall be conclusive with respect to the ownership of such shares.
In the event of a dispute with respect to the ownership of any such shares, Acquiror Bank shall be
entitled to deposit a portion of the Merger Consideration related thereto in escrow with an
independent party and thereafter be relieved with respect to any claims to such portion of the
Merger Consideration.

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     1.10 Entire Transaction.

     (a) Goals. This Agreement and the transactions contemplated herein are part of a larger
series of transactions contemplated by Acquiror Bank and the Seller Entities. The goals (“Goals”)
of Acquiror Bank and the Seller Entities in the entire series of transactions are: (i) Acquiror
Bank will become Seller Bank’s successor via the Merger and be authorized to operate retail bank
branches in the State of Kansas; however, the name Western National Bank, or any variation thereof,
is never to be used by Acquiror Bank; (ii) Bank of Blue Valley, a wholly-owned subsidiary of
Seller Holding Company, will become the owner (pursuant to the Purchase and Assumption Agreement
(defined below)) of all of the assets and assume all of the liabilities of Seller Bank existing
immediately prior to the Closing (as more fully set forth in the Purchase and Assumption
Agreement), with the right to operate all locations of Seller Bank (as of immediately prior to the
Effective Time) as such bank’s branches; (iii) Seller Holding Company, or an affiliated bank of its
choosing, will derive a direct financial benefit from these endeavors in an amount equal to
$325,000 (the difference between the Merger Consideration and the Purchase Price (as defined in the
Purchase and Assumption Agreement) (excluding the adjustment to the Purchase Price attributable to
the book value of FHLB stock); and (iv) Bank of Blue Valley will receive the FDIC Assessment Credit
allocated to Seller Bank. It is understood that at no time will Acquiror Bank operate the bank
branches of Seller Bank. In the event of any review of the transactions contemplated herein by any
individual, company, business entity, governmental authority or regulatory entity (each, a “Person”)
for any reason, both this Agreement and the separate Purchase and Assumption Agreement shall be
construed together as one integrated transaction giving full effect to the Goals.

     (b) Purchase and Assumption Agreement. Acquiror Bank, Seller Holding Company and
Bank of Blue Valley have, prior to or as of the date hereof, also entered into a Purchase and
Assumption Agreement (the “Purchase and Assumption Agreement”).

Article II

REPRESENTATIONS AND WARRANTIES OF THE SELLER ENTITIES

     As a material inducement to Acquiror Bank to enter into and perform its obligations
under this Agreement, and notwithstanding any examinations, inspections, audits, or other
investigations made by Acquiror Bank, the Seller Entities hereby represent and warrant to Acquiror
Bank as follows:

     2.01 Incorporated Seller Bank Representations and Warranties. Attached as Schedule
2.01 are certain representations and warranties of Seller Bank, which are hereby incorporated
herein and are made by the Seller Entities to Acquiror Bank.

     2.02 Incorporated Seller Holding Company Representations and Warranties. Attached as Schedule 2.02 are certain representations and warranties of Seller Holding
Company, which are hereby incorporated herein and are made by the Seller Entities to Acquiror
Bank.

4

 

Article III

REPRESENTATIONS AND WARRANTIES OF ACQUIROR BANK

     As a material inducement to the Seller Entities to enter into and perform their obligations
under this Agreement, and notwithstanding any examinations, inspections, audits, or other
investigations made by the Seller Entities, Acquiror Bank hereby represents and warrants to the
Seller Entities as follows:

     3.01 Organization and Authority. Acquiror Bank is a national association duly organized,
validly existing, and in good standing in all jurisdictions where its ownership or leasing of
property or the conduct of its business requires it to be so qualified, and has corporate power and
authority to own its properties and assets and to carry on its business as it is now being
conducted.

     3.02 Corporate Authorization. Acquiror Bank has the corporate power and authority to enter
into this Agreement and each instrument or document to be executed and delivered by it pursuant to
this Agreement or in connection with the transactions contemplated hereby, and to carry out its
obligations hereunder. The execution, delivery, and performance of this Agreement and each
instrument or document to be executed or delivered pursuant to this Agreement or in connection with
the transactions contemplated hereby by Acquiror Bank and the consummation of the transactions
contemplated hereby have been duly authorized by the board of directors of Acquiror Bank and this
Agreement constitutes the legal, valid and binding obligation of Acquiror Bank.

     None of the execution, delivery or performance by Acquiror Bank of this Agreement, nor the
consummation of the transactions contemplated hereby, nor compliance by Acquiror Bank with any of
the provisions hereof will (i) violate, conflict with, or result in a breach of any provisions of,
or constitute a default (or an event which, with notice or lapse of time or both, would constitute
a default) under, or result in the termination of, or accelerate the performance required by, or
result in a right of termination or acceleration of, or result in the creation of, any lien,
security interest, charge, or encumbrance upon any of the properties or assets of Acquiror Bank
under any of the terms, conditions, or provisions of (x) its articles of association or bylaws, or
(y) any note, bond, mortgage, indenture, deed of trust, license, lease, agreement, or other
instrument or obligation to which Acquiror Bank is a party or by which it may be bound, or to
which Acquiror Bank or any of its properties or assets may be subject, or (ii) subject to
compliance with the statutes and regulations referred to in the next paragraph, to the best
knowledge of Acquiror Bank, violate any judgment, ruling, order, writ, injunction, decree,
statute, rule, or regulation applicable to Acquiror Bank or any of its properties or assets.

     Other than in connection or compliance with the provisions of the National Bank Act or
filings, consents, reviews, authorizations, approvals, notices, or exemptions required under the
BHCA or any required approvals of the Approving Authorities, no notice to, filing with, exemption
or review by, or authorization, consent, or approval of, any public body or authority or any other
Person is necessary for the consummation by Acquiror Bank of the transactions contemplated by this
Agreement.

5

 

     3.03 Regulatory Matters. None of the information regarding Acquiror Bank supplied or to be
supplied by Acquiror Bank for inclusion or included in any documents to be filed with the Approving
Authorities or any other regulatory authority in connection with the transactions contemplated
hereby will, at the respective times such documents are filed with such regulatory authority, be
false or misleading with respect to any material fact, or omit to state any material fact necessary
in order to make the statements therein not misleading.

     Acquiror Bank has, or will have on or before the Effective Date, complied with all federal
and state statutes, regulations, and rules (including applicable provisions of the National Bank
Act and the BHCA) governing the consummation of the transactions contemplated under this Agreement
and obtained all Approvals required to be obtained by it.

     3.04 Brokers, Investment Bankers, and Finders. Except for The Capital
Corporation, which has been retained by Acquiror Bank (and will be paid by Acquiror Bank), neither
Acquiror Bank nor any of its officers, directors, or employees has employed any broker, investment
banker, or finder in connection with this Agreement or the transactions contemplated hereby.

     3.05 Availability of Funds. At Closing, Acquiror Bank will have sufficient funds readily
available to it to pay the Merger Consideration in accordance with Section 1.07 of this Agreement.

     3.06 Accuracy of Information. The statements contained in this Agreement, the Schedules, and
in any other written document executed and delivered by or on behalf of Acquiror Bank pursuant to
the terms of this Agreement are true and correct in all material respects, and such statements and
documents do not omit any material fact necessary to make the statements contained therein not
misleading.

Article IV

CONDUCT OF BUSINESS PRIOR TO THE EFFECTIVE TIME

     4.01 Conduct of Businesses Prior to the Effective Time. During the period from the date of
this Agreement to the Effective Time, or the earlier termination of this Agreement in accordance
with Article VIII, the Seller Entities and Acquiror Bank shall not conduct their business in any
way that will prevent or materially and adversely affect the Merger.

     4.02 Forbearances by the Seller Entities. During the period from the date of this Agreement
to the Effective Time, or the earlier termination of this Agreement in accordance with Article
VIII, and except as provided in Schedule 4.02 or as otherwise provided in this Agreement, Seller
Bank shall not, and Seller Holding Company shall not cause, vote in favor of, or otherwise
authorize, approve, or permit Seller Bank to, without the prior written consent of Acquiror Bank:

     (a) Authorize, recommend, propose, or announce an intention to authorize, recommend, or
propose, or enter into any agreement with respect to, any acquisition of any business or assets by
means of a merger or consolidation, or any acquisition or disposition of any material amount of
assets or securities, or any release or relinquishment of any material contract rights not in the
ordinary course of business;

6

 

     (b) Propose or adopt any amendments to the articles of association of Seller Bank or its
bylaws or other governing or organizational documents;

     (c) Issue any shares of capital stock or effect any stock split or otherwise change its
capitalization as it existed as of the date hereof;

     (d) Grant, confer, or award any options, warrants, conversion rights, or other rights not
existing on the date hereof to acquire any shares of its capital stock;

     (e) Purchase or redeem any shares of its capital stock;

     (f) Take back or commence foreclosure on any property other than in the ordinary course of
business;

     (g) Other than as otherwise contemplated herein, take any actions, or fail to take any actions
which alone, or together with any other action or inaction, shall create, alter, or eliminate any
rights, benefits, obligations, or liabilities of any Person (including, but not limited to the
participants, beneficiaries, Seller Holding Company, Seller Bank, or, after the Merger, Acquiror
Bank) with respect to any Employee Plans or Policies; or

     (h) Agree in writing or otherwise to take any of the foregoing actions or, subject to the
provisions of this Agreement, engage in any activity, enter into any transaction, or take or omit
to take any other act which would make any of the Seller Entities’ representations and warranties
untrue or incorrect in any material respect if made anew after engaging in such activity, entering
into such transaction, or taking or omitting such other act.

Article V

ADDITIONAL AGREEMENTS

     5.01 Access and Information. Unless this Agreement is otherwise terminated in accordance with
Article VIII, during the period from the date of this Agreement to the Closing, each of the Seller
Entities shall cause one or more of their representatives to confer with representatives of
Acquiror Bank and report the general status of their ongoing operations at such times as Acquiror
Bank may reasonably request. The Seller Entities shall promptly notify Acquiror Bank (a) of any
material change in the normal course of their business or in the operation of their properties, (b)
of any fact, event or circumstance which has caused, or could reasonably be expected to cause, any
of the representations and warranties of the Seller Entities herein to be misleading or inaccurate,
(c) to the extent permitted by applicable law, of any governmental complaints, investigations,
hearings or regulatory examinations (or communications indicating that the same may be
contemplated), and (d) of the institution of litigation or the threat of litigation involving
either of the Seller Entities. The Seller Entities shall also provide
Acquiror Bank with such
information with respect to such events as Acquiror Bank may reasonably request from time to time.
In the event of the termination of this Agreement, Acquiror Bank shall, and shall cause its
advisors and representatives to, (x) hold confidential all information obtained in connection with
any transaction contemplated hereby with respect to the Seller Entities which is not otherwise
public knowledge, (y) return all documents (including copies thereof) obtained hereunder from
Seller Holding Company or Seller Bank to Seller Holding Company, and (z) use its best efforts to
cause all information obtained

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pursuant to this Agreement or in connection with the negotiation hereof to be treated as
confidential and not use any such information unless such information becomes generally available
to the public.

     5.02 Regulatory Approvals. Unless this Agreement is otherwise terminated in accordance with
Article VIII, each of the parties hereto shall cooperate and use their respective best efforts to
prepare all documentation, to effect all filings, and to obtain all permits, consents, approvals,
and authorizations of all third parties and governmental bodies necessary to consummate the
transactions contemplated by this Agreement, including, without limitation, any such approval or
authorization required by the Approving Authorities. Acquiror Bank and the Seller Entities shall
each cause to be prepared all applications and notices required to be filed with the Approving
Authorities.

     5.03 Current Information. Unless this Agreement is otherwise terminated in accordance with
Article VIII, during the period from the date of this Agreement to the Effective Time, each party
shall cause one or more of its designated representatives to confer on a regular and frequent basis
with representatives of the other party. Each party shall promptly notify the other party of any
material change in its business, operations, or prospects and of any governmental complaints,
investigations, or hearings (or communications indicating that the same may be contemplated), or
the institution or the threat of material litigation or administrative or other claims involving
such party, and shall keep the other party fully informed of such events.

     5.04 Expenses. Each party hereto shall bear its own expenses incident to preparing, entering
into, and carrying out this Agreement and to consummating the Merger.

     5.05 Miscellaneous Agreements and Consents. Subject to the terms and conditions herein
provided, each of the parties hereto agrees to use its respective best efforts to take, or cause to
be taken, all actions, and to do, or cause to be done, all things necessary, proper, or advisable
under applicable laws and regulations to consummate and make effective the transactions
contemplated by this Agreement as expeditiously as possible, including, without limitation, using
its best efforts to lift or rescind any injunction or restraining order or other order adversely
affecting the ability of the parties to consummate the transactions contemplated hereby. Acquiror
Bank and the Seller Entities shall use their respective best efforts to obtain consents of all
third parties and governmental bodies necessary or, in the opinion of any of the parties, desirable
for the consummation of the transactions contemplated by this Agreement.

     5.06 Press Releases. Acquiror Bank and the Seller Entities shall cooperate with each other in
the development and distribution of any news releases and other public disclosures, except
regulatory notices, concerning this Agreement and the Merger and shall not issue any news release
or make any other public disclosure without the prior consent of the other party.

     5.07 Nonsolicitation and Exclusive Dealing. Recognizing the substantial expenditure of time,
effort, and expense Acquiror Bank has incurred as of the date hereof, and will incur through the
Effective Date in connection with negotiating, performing due diligence
investigations, and attempting to complete the Merger and the other transactions contemplated
herein, until such time as either the Effective Date has occurred or this Agreement is terminated

8

 

in accordance with the provisions of Article VIII hereof, none of the Seller Entities, or any
of their respective subsidiaries, directors, officers, attorneys, financial advisors, accountants,
or other representatives will directly or indirectly: (i) solicit, encourage (including by way of
furnishing any non-public information concerning such party’s business, property, or assets) or,
except as may be required in the exercise of fiduciary duties, consider or discuss any Acquisition
Offer or Proposal (as defined below); or (ii) except as may be required in the exercise of
fiduciary duties, provide any information to, or negotiate with, any other person or entity in
connection with any possible sale of all or any portion of the stock, assets, or business of such
party when such party has reason to believe that such information may be utilized to evaluate or
make a possible Acquisition Offer or Proposal. As used herein, “Acquisition Offer or Proposal”
shall mean any offer or proposal for an acquisition, merger, or other business combination
involving Seller Bank or for the acquisition of a substantial equity interest in, or a substantial
portion of the stock, assets, or business of such entity. The Seller Entities will promptly give
notice to Acquiror Bank in the manner provided for herein, regarding any contact between the Seller
Entities or any of their representatives, subsidiaries, directors, officers, attorneys, financial
advisors, accountants, or other representatives, and any other person in connection with any
Acquisition Offer or Proposal or related inquiry.

     5.08 Regulatory Fees. Each of Seller Bank and Acquiror Bank agrees to pay promptly any and
all fees and expenses payable to any of the Approving Authorities in connection with any
application, examination, or review with respect to it to be conducted by such regulatory authority
in connection with the transactions contemplated herein.

     5.09 Custodial Accounts. Seller Holding Company shall cause Seller Bank to resign, immediately
prior to or at the Closing, as the custodian of each account (including individual retirement
accounts and other fiduciary accounts) of which it is a custodian (the “Custodial Accounts”) and,
to the extent permitted by the documentation governing each such Custodial Account, appoint Bank
of Blue Valley as successor custodian. Such resignation and appointment shall be effected by
an instrument substantially in the form mutually agreed to by the parties prior to the Closing.

     5.10 FHLB Stock. Unless this Agreement is otherwise terminated in accordance with Article
VIII, Seller Bank shall, prior to the Closing, assign, transfer or otherwise dispose of any and all
of its ownership or other rights in, to or under any activity stock of the Federal Home Loan Bank
of Topeka (the “FHLB”), such that only the membership stock of FHLB owned by Seller Bank, if any,
is transferred pursuant to this Agreement.

Article VI

CERTAIN CONDITIONS

     6.01 Conditions to Each Party’s Obligation to Effect the Merger. The respective obligations
of each party to effect the Merger shall be subject to the fulfillment or waiver at or prior to
the Closing of all of the following conditions:

     (a) This Agreement and the transactions contemplated hereby shall have been approved by the
Approving Authorities and any other regulatory authority or Person the approval

9

 

of which is required (unless any such Person indicates its approval is not necessary) and all
applicable waiting periods shall have expired.

     (b) None of Seller Holding Company, Seller Bank, or Acquiror Bank shall be subject to any
order, decree, or injunction of a court, agency or regulatory body of competent jurisdiction which
enjoins or prohibits the consummation of the Merger.

     (c) All necessary approvals shall have been received, and all applicable waiting periods shall
have expired, for the parties to the Purchase and Assumption Agreement to close on all transactions
contemplated therein.

     (d) All of the conditions to the closing of the transactions contemplated in the Purchase and
Assumption Agreement as set forth in Article V thereof, except the condition set forth in Section
5.1(a) thereof, shall have been satisfied or otherwise waived in writing by all parties thereto so
entitled to waive any such condition not satisfied.

     (e) Each of the parties shall have obtained any and all material consents or waivers from
other parties to loan agreements, leases, or other contracts material to such party’s business
required for the consummation of the Merger, and each of the parties shall have obtained any and
all material permits, authorizations, consents, waivers, and approvals required for the lawful
consummation of the Merger.

     6.02 Conditions to Obligations of the Seller Entities. The obligations of the Seller Entities
to effect the Merger shall be subject to the fulfillment or waiver at or prior to the Closing of
all of the following additional conditions:

     (a) Representations
and Warranties. The representations and warranties of Acquiror Bank set
forth in Article III hereof shall be true and correct in all material respects as of the date of
this Agreement and as of the Closing Date (as though made on and as of the Closing Date except (i)
to the extent such representations and warranties are by their express provisions made as of a
specified date, and (ii) for the effect of transactions contemplated by this Agreement) and the
Seller Entities shall have received a signed certificate of an
appropriate officer of Acquiror Bank
to that effect.

     (b) Performance of Obligations. Acquiror Bank shall have performed in all material respects
all obligations required to be performed by it prior to the Closing pursuant to this Agreement, and
the Seller Entities shall have received a signed certificate of an authorized officer of Acquiror
Bank to that effect.

     6.03 Conditions to Obligations of Acquiror Bank. The obligations of Acquiror Bank to effect
the Merger shall be subject to the fulfillment at or prior to the Closing of all of the following
additional conditions:

     (a) Representations and Warranties. The representations and warranties of the Seller Entities
set forth in Article II hereof shall be true and correct in all material respects as of the date of
this Agreement and as of the Closing Date (as though made on and as of the Closing Date except (i)
to the extent such representations and warranties are by their express provisions made as of a
specific date and (ii) for the effect of transactions contemplated by this Agreement)

10

 

and Acquiror Bank shall have received signed certificates of an authorized officer of each of the
Seller Entities to that effect.

     (b) Performance of Obligations. The Seller Entities shall have performed in all material
respects all obligations required to be performed by them prior to the Closing pursuant to this
Agreement, and Acquiror Bank shall have received signed certificates of an authorized officer of
each of the Seller Entities, signing on behalf of the Seller Entities, to that effect.

     (c) Intentionally Left Blank.

     (d) No Material Adverse Change. Since the date of this Agreement, there shall have been no
material adverse change in the business, properties, financial condition, or results of operations
of Seller Bank (other than changes in banking laws or regulations, or interpretations thereof, that
affect the banking industry generally or changes in the general level of interest rates or economic
conditions) that would, in the reasonable judgment of Acquiror Bank, impose or be likely to impose,
material additional liability on Acquiror Bank.

Article VII

INDEMNIFICATION

     7.01 Indemnification.

     (a) Acquiror Bank’s Indemnification Obligations. Acquiror Bank shall indemnify, defend
and hold the Seller Entities and each of their directors, officers, employees, subsidiaries and
other Affiliates (as defined below) (each, a “Seller Bank Indemnified Party” and collectively, the
“Seller Bank Indemnified Parties”) harmless from and against any and all losses, damages, out of
pocket costs, taxes, liabilities, penalties and fines (including reasonable attorneys’ fees)
(collectively, “Damages”) incurred by them, whether known or unknown, fixed or contingent, that
arise in whole or in part from:

          (i) any breach of, or inaccuracy contained in, any representation or warranty of Acquiror
Bank set forth in this Agreement or any schedule or certificate delivered by or on behalf of
Acquiror Bank in connection herewith (whether or not the events or circumstances giving rise to
such breach or inaccuracy were known by any Seller Entity to exist prior to Closing); or

          (ii) Acquiror Bank’s failure, prior to the Effective Time, to perform or otherwise fulfill
any of its agreements, covenants, obligations or undertakings hereunder and in accordance with the
terms hereof.

     (b) The Seller Entities’ Indemnification Obligations. The Seller Entities shall indemnify,
defend and hold Acquiror Bank, and its directors, officers, employees, subsidiaries and other
Affiliates (as defined below) (each, a “Acquiror Bank Indemnified Party” and collectively, the
“Acquiror Bank Indemnified Parties”), harmless from and against any and all Damages incurred by
them, whether known or unknown, fixed or contingent, that arise in whole or in part from:

11

 

          (i) any breach of, or inaccuracy contained in, any representation or warranty of any Seller
Entity set forth in this Agreement or any schedule or certificate delivered by or on behalf of any
Seller Entity in connection herewith (whether or not the events or circumstances giving rise to
such breach or inaccuracy were known by Acquiror Bank to exist prior to Closing);

          (ii) any Seller Entity’s failure prior to the Closing to perform or otherwise fulfill any of
its agreements, covenants, obligations or undertakings hereunder and in accordance with the terms
hereof;

          (iii) any liability of Seller Bank for taxes or any liability of Seller Bank to make payments
to or indemnify any other Person with respect to taxes (x) for any taxable period, (y) resulting
from or attributable to Seller Bank having been or ceasing to be a member of any affiliated group
under the Code, or (z) as a transferee or successor, by contract or otherwise as a result of
transactions, contracts or arrangements occurring or entered into on or before the Closing Date;

          (iv) the operation of Seller Bank or the ownership, lease or operation by Seller Bank or
Seller Holding Company, whether directly, indirectly or in a fiduciary capacity, of the Seller
Bank business or any other assets or liabilities of Seller Bank, prior to the Closing or after the
consummation of the transactions contemplated by the Purchase and Assumption Agreement (including,
without limitation, damages resulting from environmental laws or other regulatory matters);

          (v) any liability for wages, salary, overtime or other compensation or severance or other
benefits under any Employee Plans or Policies or otherwise with respect to the current and former
employees of Seller Bank;

          (vi) any claims against Seller Bank, whether by customers of Seller Bank, employees of Seller
Bank or other Persons with respect to or arising in any way in connection with events occurring at
any time prior to the Closing; and

          (vii) any claims against Acquiror Bank, in regards to real property owned or leased by Seller
Bank (including other real estate owned), resulting from violations of environmental laws; and

          (viii) any claims against Acquiror Bank resulting from any Plans or employee policies.

     7.02 Indemnification Procedures.

     (a) If any Seller Bank Indemnified Party or Acquiror Bank Indemnified Party (each, an
“Indemnified Party”) seeks indemnification under this Article VII, the Indemnified Party shall
notify the indemnifying party (the “Indemnifying Party”) within 30 days after learning of the
occurrence of any event that is asserted to be an indemnifiable event pursuant to this Agreement.
If such event involves the claim of any third party and the Indemnifying Party confirms in writing
its responsibility for such liability, if established, the Indemnifying Party shall be entitled to
participate in and, to the extent it shall wish, assume control over (in which

12

 

case the Indemnifying Party shall assume all expense with respect to) the defense, settlement,
adjustment or compromise of such claim.

     (b) The Indemnified Party shall have the right to employ separate counsel in any action or
claim and to participate in the defense thereof at the expense of the Indemnifying Party (i) if the
retention of such counsel has been specifically authorized by the Indemnifying Party or (ii) if
such counsel is retained because the Indemnifying Party does not confirm responsibility for the
liability as provided in subsection (a) above. The Indemnified Party shall have the right to
employ counsel at the Indemnified Party’s own expense and to participate in such action or claim,
including settlement or trial, as long as such participation does not substantially interfere with
the Indemnifying Party’s defense of such claim or action.

     (c) The Indemnifying Party shall obtain the prior written approval of the Indemnified Party
before entering into any settlement, adjustment or compromise of such claim, or ceasing to defend
against such claim, only if pursuant to or as a result of such settlement, adjustment, compromise
or cessation, injunctive or other relief would be imposed against the Indemnified Party.

     (d) If the Indemnifying Party does not assume control over the defense of such claim as
provided in Section 7.02(a), the Indemnified Party shall have the right to defend or settle the
claim in such manner as it may deem appropriate at the cost and expense of the Indemnifying Party.

     (e) The Indemnifying Party shall remit payment for the amount of a valid and substantiated
claim for indemnification hereunder promptly upon receipt of a claim notice therefor. Upon the
payment in full of any claim hereunder, the Indemnifying Party shall be subrogated to the rights of
the Indemnified Party against any person with respect to the subject matter of such claim.

     (f) In the event that the Indemnifying Party reimburses the Indemnified Party for any third
party claim, the Indemnified Party shall remit to the Indemnifying Party any reimbursement that the
Indemnified Party subsequently receives for such third party claim.

As used in this Agreement, the term “Affiliate” shall have the meaning set forth in Schedule
I of the Purchase and Assumption Agreement.

     7.03 Survival. All indemnities contained in or made pursuant to this Agreement shall survive
the Closing for the applicable statute of limitations period, including any and all extensions
thereof, after the Closing Date, except as to any claim for which written notice shall have been
given prior to such date.

Article VIII

TERMINATION, AMENDMENT, AND WAIVER

     8.01 Termination. This Agreement may be terminated at any time prior to the Closing,
whether before or after approval by the shareholder of Seller Bank:

     (a) By mutual consent of the boards of directors of all parties hereto; or

13

 

     (b) By the board of directors of any party hereto at any time after May 31, 2007, if the
Merger shall not theretofore have been consummated; or

     (c) By the board of directors of any party hereto if any Approving Authority shall have denied
approval of such transaction and such denial has, after exhaustion of any and all available
appellate procedures, become final, or, if any Approving Authority shall have conditioned its
approval and the conditions shall have a material adverse effect upon the Goals or the continuing
operations of any of the parties hereto; or

     (d) By the board of directors of Acquiror Bank or either of the boards of directors of the
Seller Entities in the event of a material breach by the other of any representation, warranty, or
agreement contained in this Agreement, which breach is not cured within 15 days (or such longer
period not exceeding 40 days in the event such breach cannot reasonably be cured within 15 days and
a cure is being pursued with reasonable diligence) after written notice thereof is given to the
party committing such breach or waived by such other party(ies).

     8.02 Effect of Termination. In the event of termination of this Agreement as provided in
Section 8.01 above, this Agreement shall forthwith become void and without further effect and there
shall be no liability on the part of any party hereto or the respective officers and directors of
any party, except as set forth in the second sentence of Section 5.01 (respecting confidentiality
and the return of information) in Section 5.04 (respecting payment of expenses), in Section 5.08
(respecting payment of regulatory fees) and, except that no termination of this Agreement pursuant
to subsections (b) or (d) of Section 8.01 shall relieve the non-performing, defaulting or breaching
party of any liability to any other party hereto arising from the material non-performance and/or
breach prior to the date of such termination of any covenant, agreement, term, provision,
representation, warranty required to be observed, performed, complied with and/or kept by such
non-performing, defaulting or breaching party; provided, however, that there shall be no liability
for breach of a representation or warranty that was, when given, true and correct to the knowledge
and belief of the party giving same and which later turns out (without any other fault of the party
giving same) to be incorrect.

     8.03 Amendment. This Agreement may not be amended except by an instrument in writing signed
on behalf of each of the parties hereto.

     8.04 Waiver. Any term, condition or provision of this Agreement may be waived in writing at
any time by the party which is, or whose shareholders are, entitled to the benefits thereof.

Article IX

GENERAL PROVISIONS

     9.01 Survival of Representations, Warranties, and Agreements. No investigation by the
parties hereto made heretofore or hereafter shall affect the representations and warranties of the
parties which are contained herein and each such representation and warranty shall survive such
investigation. The representations or warranties of Acquiror Bank and of the Seller Entities in
this Agreement, as well as in any instrument delivered by Acquiror Bank or the Seller Entities
pursuant to this Agreement, shall all survive for the applicable statute of limitations period

14

 

following the Closing. Each of the agreements of Acquiror Bank and of the Seller Entities in this
Agreement that by their nature may be performed after the Closing Date shall survive Closing until
fully performed. In the event of termination of this Agreement in accordance with its terms before
the Closing Date, the agreements contained in
Sections 5.01 (fourth sentence), 5.04, 5.08, and
8.02 shall survive such termination.

     9.02 No Assignment; Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and assigns, but neither this
Agreement nor any right or obligation set forth in any provision hereof may be transferred or
assigned by any party hereto without the prior written consent of all other parties, and any
purported transfer or assignment in violation of this Section shall be void and of no effect;
provided, however, that Acquiror Bank may elect, without the consent of the Seller Entities, to
cause another wholly owned subsidiary of Acquiror Bank to be substituted for Acquiror Bank for
purposes of the transactions contemplated by this Agreement.

     9.03 Severability. Whenever possible, each provision of this Agreement shall be interpreted
in such manner as to be effective and valid under applicable law, but if any provision of this
Agreement shall be held to be prohibited by or invalid under applicable law, such provision shall
be ineffective only to the extent of such prohibition or invalidity, without invalidating the
remaining provisions of this Agreement.

     9.04 No Implied Waiver. No failure or delay on the part of either party hereto to exercise
any right, power, or privilege hereunder or under any instrument executed pursuant hereto shall
operate as a waiver nor shall any single or partial exercise of any right, power, or privilege
preclude any other further exercise thereof or the exercise of any other right, power, or
privilege.

     9.05 Headings. Article, section, subsection, and paragraph titles, captions and headings
herein are inserted only as a matter of convenience and for reference, and in no way define, limit,
extend, or describe the scope of this Agreement or the intent of any provision hereof.

     9.06 Entire Agreement. This Agreement and the Schedules and Exhibits hereto, together with
the Purchase and Assumption Agreement, constitutes the entire agreement between and among the
parties with respect to the subject matter hereof and thereof and supersedes all prior
negotiations, representations, warranties, commitments, offers, letters of interest or intent,
proposal letters, contracts, writings, or other agreements or understandings with respect thereto.
No waiver, and no modification or amendment of any provision of this Agreement shall be effective
unless specifically made in writing and duly signed by all parties thereto.

     9.07 Counterparts. This Agreement may be executed in one or more counterparts, and any party
to this Agreement may execute and deliver this Agreement by executing and delivering any of such
counterparts, each of which when executed and delivered shall be deemed to be an original and all
of which taken together shall constitute one and the same instrument.

     9.08 Notices. All notices and other communications hereunder shall be in writing and shall be
deemed to be duly received (i) on the date given if delivered personally or by facsimile

15

 

transmission, or email or (ii) on the date received if mailed by registered or certified mail
(return receipt requested), to the parties at the following addresses (or at such other address for
a party as shall be specified by like notice):

(a) If to Acquiror Bank:

Northland National Bank

Attn: Kenneth Riedemann, Chairman

99 N.E. 72nd Street

Gladstone, Missouri 64118

Facsimile: 816-436-3676

Email: kriedemann@petersoncos.net

Telephone: 816-436-3500

Copy to:

C. Robert Monroe, Esq.

Stinson Morrison Hecker LLP

1201 Walnut, Suite 2700

Kansas City, Missouri 64106

Facsimile: (888) 277-8082

Email: bmonroe@stinsonmoheck.com

Telephone: (816) 691-3351

(b) If to the Seller Entities:

Blue Valley Ban Corp.

Attn: Robert D. Regnier, President

11935 Riley

Overland Park, Kansas 66225

Facsimile: 913-234-7040

Email: bregnier@bankbv.com

Telephone: 913-234-2240

Copy to:

Steven F. Carman, Esq.

Blackwell Sanders Peper Martin LLP

4801 Main Street, Suite 1000

Kansas City, Missouri 64112

Facsimile: (816) 983-8080

Email: scarman@blackwellsanders.com

Telephone: (816) 983-8153

provided, however, that the providing of notice to counsel shall not, of itself, be deemed the
providing of notice to a party hereto.

16

 

     9.09 Governing Law; Venue; Jury Waiver. This Agreement shall be governed by and controlled
as to validity, enforcement, interpretation, effect, and in all other respects by the internal laws
of the State of Missouri applicable to contracts made in that state, without reference to its
conflicts of laws principles. The parties agree that any action or proceeding to enforce, or
arising out of, this Agreement may be commenced in the District Court of Jackson County, Missouri
or in the United States District Court for the Western District of Missouri. Each party also hereby
waives any right to a trial by jury such party may have in connection with this Agreement.

     9.10 Third Party Beneficiaries. With the exception of Bank of Blue Valley, which is an
intended third party beneficiary of this Agreement, the parties to this Agreement intend that this
Agreement shall not benefit or create any right or cause of action in or on behalf of any Person
other than the Parties hereto. No future or present employee or customer of any party shall be
treated as a third party beneficiary in or under this Agreement.

     9.11 Mutual Drafting. This Agreement is the mutual product of the parties hereto and each
provision hereof has been subject to the mutual consultation, negotiation and agreement of each
party.

[Execution page follows]

17

 

Execution Version

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by
their respective officers thereunto duly authorized as of date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	SURVIVING BANK:	 	 	 	Northland National Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By
	 	/s/ Kenneth Riedemann
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Kenneth Riedemann
	 

	 	 	 	 	 	 	 	Chairman of the Board
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SELLER HOLDING
COMPANY:	 	 	 	Blue Valley Ban Corp.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By
	 	/s/ Robert D. Regnier
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Robert D. Regnier
	 

	 	 	 	 	 	 	 	President
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SELLER BANK:	 	 	 	Western National Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By
	 	/s/ Robert  Regnier
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Printed Name: Robert  Regnier
	 

	 	 	 	 	 	 	 	Title:  Presidentexv10w8

 

Exhibit 10.8

Execution Version

 

PURCHASE AND ASSUMPTION AGREEMENT

among

Northland National Bank

a national banking association

and

Bank of Blue Valley,

a Kansas state-chartered, Federal Reserve member bank

and

Blue Valley Ban Corp.,

a Kansas corporation

Dated
as of March 2, 2007

 

 

 

TABLE OF CONTENTS

Purchase and Assumption Agreement

	 	 	 	 	 	 	 
	ARTICLE I DEFINITIONS	 	 	6	 
	Section 1.1.

	 	Defined Terms
	 	 	6	 
	Section 1.2.

	 	Accounting Terms
	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE II PURCHASE AND
SALE OF ASSETS AND ASSIGNMENT AND ASSUMPTION OF LIABILITIES	 	 	8	 
	Section 2.1.

	 	Purchase and Sale of Bank Assets
	 	 	8	 
	Section 2.2.

	 	Bank Liabilities
	 	 	17	 
	Section 2.3.

	 	Actions With Respect to Certain Accounts
	 	 	25	 
	Section 2.4.

	 	Entire Transaction
	 	 	26	 
	 
	 	 	 	 	 	 
	ARTICLE III PURCHASE PRICE; PAYMENT; AND SETTLEMENT	 	 	30	 
	Section 3.1.

	 	Purchase Price
	 	 	30	 
	Section 3.2.

	 	Payment at Closing
	 	 	31	 
	Section 3. 3.

	 	Closing Date Adjustments
	 	 	32	 
	Section 3.4.

	 	Sales and Use Taxes
	 	 	32	 
	 
	 	 	 	 	 	 
	ARTICLE IV CLOSING	 	 	34	 
	Section 4.1.

	 	Place and Time of Closing; Effective Time
	 	 	34	 
	Section 4.2.

	 	Northland Deliveries
	 	 	35	 
	Section 4. 3.

	 	Buyer Deliveries
	 	 	40	 
	 
	 	 	 	 	 	 
	ARTICLE V CONDITIONS TO CLOSING	 	 	43	 
	Section 5.1.

	 	Conditions to Obligations of Northland
	 	 	43	 
	Section 5.2.

	 	Conditions to Obligations of Buyer
	 	 	49	 
	 
	 	 	 	 	 	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	 	 	53	 
	Section 6.1.

	 	Representations and Warranties of Northland
	 	 	53	 
	Section 6.2.

	 	Representations and Warranties of Buyer
	 	 	64	 
	 
	 	 	 	 	 	 
	ARTICLE VII COVENANTS OF NORTHLAND	 	 	79	 
	Section 7.1.

	 	Regulatory Approvals
	 	 	79	 
	 
	 	 	 	 	 	 
	ARTICLE VIII COVENANTS OF BUYER	 	 	84	 
	Section 8.1.

	 	Regulatory Approvals and Standards
	 	 	85	 
	Section 8.2.

	 	Corporate and Other Consents; Compliance with Law
	 	 	90	 
	Section 8.3.

	 	Employees
	 	 	91	 
	 
	 	 	 	 	 	 
	ARTICLE IX INDEMNITY	 	 	94	 
	Section 9.1.

	 	Northland’s Indemnity
	 	 	94	 
	Section 9.2.

	 	Buyer’s Indemnity
	 	 	96	 
	Section 9.3.

	 	Indemnification Procedures
	 	 	97	 
	Section 9.4.

	 	Survival
	 	 	103	 

i

 

	 	 	 	 	 	 	 
	ARTICLE X POST CLOSING MATTERS	 	 	104	 
	Section 10.1.

	 	Further Assurances
	 	 	104	 
	Section 10.2.

	 	Access to and Retention of Books and Records
	 	 	107	 
	Section 10.3.

	 	Mutual Cooperation
	 	 	108	 
	Section 10.4.

	 	Insurance
	 	 	108	 
	 
	 	 	 	 	 	 
	ARTICLE XI MISCELLANEOUS	 	 	109	 
	Section 11.1.

	 	Venue; Jury Waiver
	 	 	109	 
	Section 11.2.

	 	Expenses
	 	 	110	 
	Section 11.3.

	 	Communications, etc
	 	 	112	 
	Section 11.4.

	 	Termination
	 	 	114	 
	Section 11.5.

	 	Modification and Waiver
	 	 	116	 
	Section 11.6.

	 	Binding Effect;Assignment
	 	 	116	 
	Section 11.7.

	 	Confidentiality
	 	 	118	 
	Section 11.8.

	 	Entire Agreement
	 	 	122	 
	Section 11.9.

	 	Governing Law
	 	 	123	 
	Section 11.10.

	 	Severability
	 	 	124	 
	Section 11.11.

	 	Counterparts
	 	 	125	 
	Section 11.12.

	 	Notices
	 	 	126	 
	Section 11.13.

	 	Headings; Interpretation
	 	 	127	 
	Section 11.14.

	 	Specific Performance
	 	 	128	 
	Section 11.15.

	 	Third Party Beneficiaries
	 	 	129	 
	Section 11.16.

	 	Mutual Drafting
	 	 	130	 

SCHEDULES

	 	 	 
	Schedule I

	 	Definitions
	Schedule II

	 	Notices
	Schedule III

	 	Banking Offices
	Schedule IV

	 	Tenant Leases
	Schedule V

	 	Banking Office Leases
	Schedule 2. l(b)

	 	Retained Assets
	Schedule 2.2(b)

	 	Retained Liabilities
	Schedule 6.2(d)

	 	Compliance With Laws (Buyer)

ii

 

Execution
Version

PURCHASE AND ASSUMPTION AGREEMENT

     THIS PURCHASE AND ASSUMPTION AGREEMENT (this “Agreement”) is dated as of March 2, 2007, by and
among Northland National Bank, a national banking association with its principal offices in
Gladstone, Missouri (“Northland”), Bank of Blue Valley, a Kansas state-chartered, Federal Reserve
member bank with its principal offices in Overland Park, Kansas (“Bank of Blue Valley”), and Blue
Valley Ban Corp., a Kansas corporation, with its principal offices in Overland Park, Kansas (“Ban
Corp” and, together with Bank of Blue Valley collectively referred to as “Buyer”).

RECITALS:

     1. Ban Corp owns all of the outstanding capital stock of Western National Bank, a
national banking association (“Western National”);

     2. Northland, Ban Corp and Western National have entered into an Acquisition
Agreement and Plan of Merger of even date herewith (the “Merger Agreement”), which Merger
Agreement provides for the merger of Western National into Northland (the “Merger”);

     3. Northland desires to sell to Bank of Blue Valley, and Bank of Blue Valley desires
to purchase and assume from Northland, in accordance with the terms and provisions of this
Agreement, after the consummation of the transactions contemplated in the Merger Agreement,
the Bank Assets (as defined in Section 2.1 hereof) and Bank Liabilities (as defined in Section 2.2
hereof); and

     4. Each of the parties to this Agreement (each such party shall individually be
referred to as a “Party” and collectively be referred to as the “Parties”) acknowledges that the
Parties are relying on each other to fulfill their individual obligations hereunder so that
the Bank Assets and Bank Liabilities may be sold to Bank of Blue Valley as provided in this Agreement
and that if any one of the Parties fails to perform its obligations, it might jeopardize the
ability of the other Parties to consummate the transactions contemplated hereunder and under the Merger
Agreement.

AGREEMENT:

     NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants
contained herein, subject to the terms and conditions set forth herein, the Parties hereby agree as
follows:

ARTICLE I

DEFINITIONS

     Section 1.1.
Defined Terms. Unless the context otherwise requires, capitalized
terms used in this Agreement shall have the meanings set forth herein or in Schedule I
attached hereto.

 

 

References to Articles, Sections, Exhibits and Schedules refer to Articles and Sections of, and
Exhibits and Schedules to, this Agreement.

     Section 1.2.
Accounting Terms. All accounting terms not otherwise defined herein
shall have the respective meanings assigned to them in accordance with “generally accepted
accounting principles” (“GAAP”) consistently applied as in effect from time to time in the United
States.

ARTICLE II

PURCHASE AND SALE OF ASSETS AND

ASSIGNMENT AND ASSUMPTION OF LIABILITIES

     Section 2.1. Purchase and Sale of Bank Assets.

     (a) Subject to the terms and conditions of this Agreement, on the Closing Date,
Northland shall sell, convey, assign, transfer and deliver to Bank of Blue Valley, without
recourse, representation or warranty (except as expressly set forth in Article VI hereof) and Bank
of Blue Valley shall purchase and accept from Northland, all of the right, title and interest in
and to all of the assets of Northland related to or used by Western National in its pre-Merger
business (except as otherwise provided in Section 2.1(b)) (collectively, the “Bank Assets”),
including, but not limited to, the following:

                    (i) real property and Other Real Estate Owned;

                    (ii) Personalty;

                    (iii) Loans;

                    (iv) Banking Office Leases, Tenant Leases and Safe Deposit
Agreements;

                    (v) rights under any building maintenance, service or other contracts in
effect as of the Closing relating to the services, functions and activities
conducted or performed by Western National (the “Bank Business”) to the extent such
contracts are assignable;

                    (vi) Cash;

                    (vii) prepaid expenses relating to the Bank Assets as of the Closing;

                    (viii) rights appertaining to the contracts and relationships giving rise to
the Deposit Liabilities that Bank of Blue Valley is assuming;

                    (ix) rights appertaining to any negative deposits (overdrafts) in accounts
booked at or allocated to the Banking Offices and outstanding as of the Closing
Date;

                    (x) insurance premiums paid by Western National to the FDIC which are
allocated to insurance coverage for Deposit Liabilities of the Banking Offices
following the Closing Date to the extent a proration or adjustment is made with
respect thereto pursuant to Section 3.3;

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                    (xi) securities in Western National’s investment portfolio (excluding all
such securities that are Retained Assets);

                    (xii) rights to the use of the name “Western National Bank”; and

                    (xiii) any FDIC Assessment Credit allocated to Western National;

                    (xiv) any and all other rights, property and assets relating to or used in
Western National’s business and not excluded pursuant to Section 2.1(b) hereof.

     (b) Notwithstanding the foregoing or anything else contained in this Agreement,
Northland shall not sell, convey, assign, transfer or deliver to Bank of Blue Valley those assets
of Northland set forth on Schedule 2.1(b) (the “Retained Assets”), it being understood and agreed
by the Parties that Northland is retaining the Retained Assets.

     Section
2.2. Bank Liabilities.

     (a) Subject to the terms and conditions of this Agreement, on the Closing Date, Bank of
Blue Valley shall assume, pay, perform and discharge, all of the liabilities and obligations of
Northland related to or used by Western National in its pre-Merger business, and which are
outstanding on the Closing (except as otherwise provided in Section 2.2(b)) (collectively, the
“Bank Liabilities”), including, but not limited to, the following:

                    (i) the Deposit Liabilities including, without limitation, any negative
deposits (overdrafts);

                    (ii) the Banking Office Leases and Tenant Leases (irrespective of
whether any necessary third-party consents to the transfer thereof have been
obtained);

                    (iii) the Safe Deposit Agreements;

                    (iv) the Loans;

(v) the Custodial Accounts, as contemplated by Section 2.3;

                    (vi) all obligations due under any service, maintenance or other contract
relating to Western National’s business in effect at the Closing, regardless of
whether such contract is assignable and/or included in Section 2.1(a)(v) or (viii),
including costs of terminating any such contracts that Buyer chooses to terminate
in connection with the transactions contemplated by this Agreement;

                    (vii) any and all borrowings from the Federal Home Loan Bank, or any other
person related to Western National’s business;

                    (viii) any liabilities with respect to real property and Other Real Estate
Owned;

                    (ix) any liabilities with respect to any employees of Western National
(whether employed directly by Western National or through leases or otherwise);

                    (x) any and all other liabilities arising out of or relating to Western
National’s business; and

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                    (xi) any and all liabilities that are within the scope of the
indemnification of the Acquirer Bank Indemnified Parties (as defined in the
Merger Agreement), as provided for in the Merger Agreement.

     (b) Notwithstanding the foregoing or anything else contained in this Agreement, Bank of
Blue Valley shall not assume those liabilities of Northland set forth
on Schedule 2.2(b)
(the “Retained Liabilities”), it being understood and agreed by the Parties that Northland is
retaining the Retained Liabilities.

     Section 2.3.
Actions With Respect to Certain Accounts. Pursuant to Section 5.09 of
the Merger Agreement, Ban Corp is required to cause Western National to resign prior to or as of
the close of the Merger as the custodian of each account (including individual retirement accounts
and other fiduciary accounts) of which it is the custodian, if any (“Custodial Accounts”). Bank of
Blue Valley agrees to accept each such custodianship under the terms and conditions of Western
National’s documents for its Custodial Accounts and assume all fiduciary and custodial obligations
with respect thereto.

     Section 2.4. Entire Transaction

     (a) This Agreement and the transactions contemplated herein are part of a larger series
of transactions contemplated by Northland, Buyer and Western National. The goals (“Goals”) of
Northland, Buyer and Western National in the entire series of transactions are: (i) Northland will
become Western National’s successor via the Merger and be authorized to operate retail bank
branches in Kansas; however, the name Western National Bank, or any variation thereof, is never to
be used by Northland; (ii) Bank of Blue Valley will become the owner, pursuant to this Agreement,
of all of the assets and assume all of the liabilities of Western National (as more fully set forth
herein) existing immediately prior to the closing of the Merger, with the right to operate all
locations of Western National (as of immediately prior to the closing of the Merger) as such bank’s
branches; (iii) Ban Corp, or an affiliated bank of its choosing, will derive a direct financial
benefit from these endeavors in an amount equal to $325,000 (the difference between the Merger
Consideration (as defined in the Merger Agreement) and the Purchase Price (as defined below)
(excluding the adjustment to the Purchase Price attributable to the book value of the Federal Home
Loan Bank stock set forth below)); and (iv) Bank of Blue Valley will receive the FDIC Assessment
Credit allocated to Western National. It is understood that at no time will Northland operate the
bank branches of Western National. In the event of any review of the transactions discussed herein
by any Person for any reason, both this Agreement and the Merger Agreement shall be construed
together as one integrated transaction giving the full effect of the Goals.

ARTICLE III

PURCHASE PRICE; PAYMENT; AND SETTLEMENT

     Section 3.1.
Purchase Price. The purchase price (the “Purchase Price”) for the Bank
Assets shall be an amount equal to the Adjusted Book Value (as defined in the Merger Agreement) of
Western National, as determined pursuant to, and consistent with the Merger Agreement, minus the
aggregate book value of the membership stock of the Federal Home Loan Bank of Topeka acquired by
Northland from Western National in connection with the Merger.

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     Section 3.2.
Payment at Closing. At the Closing, Buyer shall pay the Purchase Price
to Northland, or its designee, by wire transfer of immediately available federal funds to such
account as Northland shall advise Buyer in writing prior to the Closing.

     Section 3.3.
Closing Date Adjustments. It is the intention of the Parties that
Western National will operate the Banking Offices for its own account until the close of business
on the day immediately preceding the Closing Date, and that Bank of Blue Valley shall operate the
Banking Offices, own the Bank Assets and assume the Bank Liabilities from and after the opening of
business on the Closing Date.

     Section 3.4. Sales and Use Taxes Except as otherwise provided in this Agreement,
any sales, use, transfer or similar taxes that are payable or arise as a result of this Agreement
or the consummation of the transactions contemplated hereby (including the Merger) shall be paid by
Buyer on the Closing Date. Buyer shall indemnify and hold harmless Western National and Northland
from and against any and all losses, damages, fees, penalties, interest, costs and expenses
(including reasonable attorneys’ fees) resulting from Buyer’s failure to timely and accurately pay
such taxes, including those arising upon subsequent audit by any taxing authority, and including
interest and penalties.

ARTICLE IV

CLOSING

     Section 4.1.
Place and Time of Closing; Effective Time. The Closing shall take
place at the offices of Stinson Morrison Hecker LLP, at 7:59 a.m. local time, or at such other
mutually agreeable time and place on the Closing Date. The parties agree that (unless otherwise
required by any of the Approving Authorities (as defined in the Merger Agreement)), as to the
allocation of rights, responsibilities and liabilities among themselves, the Closing shall be
deemed to be effective as of 12:01 a.m. on the Closing Date (the “Effective Time”).

     Section 4.2.
Northland Deliveries. On or prior to the Closing, Northland shall
deliver to Buyer:

     (a) quitclaim deeds for each parcel of real property or Other Real Estate Owned of
Western National by quitclaim deed, pursuant to which such real property or Other Real Estate
Owned shall be transferred “AS IS”, “WHERE IS” and with all faults and subject to any and all
encumbrances, liens and other title imperfections affecting such real property and Other Real
Estate Owned of Western National as of immediately following the Merger;

     (b) a duly executed bill of sale for the Bank Assets substantially in the form of
Exhibit A attached hereto, pursuant to which the Bank Assets shall be
transferred “AS IS”,“WHERE IS” and with all faults (the “Bill of Sale”);

     (c) a duly executed assignment and assumption agreement with respect to the Bank
Liabilities substantially in the form of Exhibit B
 attached hereto (the “Assignment and
Assumption Agreement”);

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     (d) an officer’s certificate executed by an authorized officer of Northland in
substantially the form of Exhibit C attached hereto;

     (e) to the extent not effected in connection with the Merger Agreement, assignments
(without recourse or warranty) transferring the Banking Office Leases (if any) and Tenant
Leases(if any) to Buyer (provided that neither Northland nor Western National shall have any
liability with regard to obtaining any third-party consents with respect to any such assignments or any
failures, conditions or delays in connection therewith; and further provided that failure by
Northland to obtain said consents or assignments of said Banking Office Leases and/or Tenant
Leases shall not be a condition precedent to Buyer’s obligation to consummate the transactions
contemplated hereby);

     (f) a duly executed limited power of attorney substantially in the form of Exhibit D;
and

     (g) such other documents necessary to effect the transactions contemplated hereby as
Ban Corp, Bank of Blue Valley, or their respective counsel, shall reasonably request.

     Section 4.3.
Buyer Deliveries. On or prior to the Closing, Buyer shall deliver to
Northland the Purchase Price and the following documents in accordance with the terms of this
Agreement:

     (a) a duly executed Assignment and Assumption Agreement;

     (b) a duly executed Bill of Sale;

     (c) the acceptance of Bank of Blue Valley’s appointment as successor custodian of
the Custodial Accounts and assumption of the fiduciary obligations of the custodian with
respect thereto, as contemplated by Section 2.3;

     (d) an
officer’s certificate in substantially the form of
Exhibit C attached hereto,
executed and delivered by the president or chief executive officer of each of Bank of Blue
Valley and Ban Corp; and

     (e) such other documents necessary to effect the transactions contemplated hereby, as
Northland, or its counsel, shall reasonably request.

ARTICLE V

CONDITIONS TO CLOSING

     Section 5.1.
Conditions to Obligations of Northland. Unless expressly waived
in writing by Northland, the obligations of Northland under this Agreement are subject to the
satisfaction as of the Closing of each of the following conditions:

     (a) Western National shall have successfully merged into Northland pursuant to the
Merger Agreement and all of the conditions thereunder shall have been fulfilled;

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     (b) all of the covenants and other agreements required by this Agreement to be
complied with and performed by Bank of Blue Valley or Ban Corp on or before the Closing shall
have been duly complied with and performed;

     (c) the representations and warranties of Bank of Blue Valley and Ban Corp set forth
in Article VI shall be true and correct in all material respects as of the date of this
Agreement and as of the Closing Date (as though made on and as of the Closing Date except (i) to the extent
such representations and warranties are by their express provisions made as of a specified date,
and (ii)for the effect of transactions contemplated by this Agreement) and Northland shall have
received a signed certificate of an appropriate officer of each of Bank of Blue Valley and Ban Corp to
that effect;

     (d) approvals in writing of all required regulatory agencies or other Persons for Bank
of Blue Valley’s purchase of the Bank Assets and assumption of the Bank Liabilities shall have
been obtained by Buyer;

     (e) all necessary conditions, including any additional governmental approvals,
permissions or consents, if any, including the giving of all legally required notices and the
expiration of all legally required waiting or protest periods, of or relating to licenses,
approvals and consents shall have been met (all of such approvals, conditions, permissions, licenses and
consents, together with the regulatory approvals required under Section 5.1(d) shall herein
collectively be referred to as the “Regulatory Approvals”), and such Regulatory Approvals
shall include no Material Condition applicable to Western National, Northland or Buyer;

     (f) Northland shall not be subject to any order, decree or injunction of a court, agency
or other regulatory body of competent jurisdiction which enjoins or prohibits the consummation
of any of the transactions contemplated hereby;

     (g) Northland shall have received the items to be delivered by Buyer pursuant to
Section 4.3; and

     (h) there shall be no litigation filed with any court that would prevent or
materially affect the Merger or the transaction contemplated by this Agreement.

     Section 5.2.
Conditions to Obligations of Buyer. Unless expressly waived in writing
by Buyer, the obligations of Buyer under this Agreement are subject to the satisfaction on or
before the Closing Date of each of the following conditions:

     (a) all of the covenants and agreements required by this Agreement to be complied
with and performed by Northland on or before the Closing Date shall have been duly complied
with and performed;

     (b) the representations and warranties of Northland set forth in Article VI shall be
true and correct in all material respects as of the date of this Agreement and as of the
Closing Date (as though made on and as of the Closing Date except (i) to the extent such
representations and warranties are by their express provisions made as of a specified date, and (ii) for the
effect of transactions contemplated by this Agreement) and Buyer shall have received a signed
certificate of an appropriate officer of Northland to that effect;

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     (c) the Regulatory Approvals, which shall include no Material Condition applicable
to Buyer, shall have been obtained;

     (d) approvals in writing of all required regulatory agencies or other Persons for Bank
of Blue Valley’s purchase of the Bank Assets and assumption of the Bank Liabilities shall have
been obtained by Northland;

     (e) Bank of Blue Valley or Ban Corp shall not be subject to any order, decree or
injunction of a court, agency or other regulatory body of competent jurisdiction which enjoins
or prohibits the consummation of any of the transactions contemplated hereby;

     (f) Buyer shall have received the items to be delivered by Northland pursuant to
Section 4.2; and

     (g) there shall be no litigation filed with any court that would prevent or materially
affect the Merger or the transaction contemplated by this Agreement.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     Section 6.1. Representations and Warranties of Northland. Northland represents
and warrants to Buyer as follows:

     (a) Organization. Northland is a national banking association duly organized, validly
existing and in good standing under the laws of the United States.

     (b) Authority. Northland has the power and authority to enter into and perform this
Agreement. This Agreement and any other documents or instruments executed pursuant hereto
and the execution, delivery and performance hereof and thereof have been duly authorized and
approved by all necessary corporate actions on the part of Northland, and this Agreement and
the instruments and documents executed pursuant hereto constitute, or will constitute, the valid
and binding obligations of Northland, enforceable against Northland in accordance with their
terms, except as enforcement may be limited by federal and state regulators of Northland or by
bankruptcy, insolvency, reorganization, moratorium or other laws of general applicability
relating to or affecting creditors’ rights, or the limiting effect of rules of law governing specific
performance, equitable relief and other equitable remedies or the waiver of rights or
remedies.

     (c) Non-Contravention. The execution and delivery of this Agreement and the
instruments and documents executed pursuant hereto by Northland do not and, subject to the
receipt of all required approvals and consents, the consummation of the transactions
contemplated by this Agreement will not, constitute (i) a breach or violation of or default under any law,
rule,regulation, judgment, order, governmental permit or license of Northland or to which Northland
is subject, which breach, violation or default would reasonably be expected to impair the
validity or consummation of this Agreement or the transactions contemplated hereby; or (ii) a breach or
violation of or a default under the articles of association or bylaws of Northland or any
material contract or other instrument to which Northland is a party or by which Northland is bound,
which

8

 

breach, violation or default would reasonably be expected to impair the validity or consummation of
this Agreement or the transactions contemplated hereby.

     (d) Compliance with Laws. Northland is not in violation of, nor is any of the
property owned or leased by Northland in violation of, its articles of association or bylaws,
or of any applicable federal, state or local law or ordinance or any order, rule or regulation of
any federal, state, local or other governmental agency or body (including, without limitation, all
banking (including without limitation all regulatory capital requirements) fiduciary or
agency,consumer protection, securities, municipal securities, safety, health, environmental, zoning,
anti- discrimination, antitrust, and wage and hour laws, ordinances, orders, rules and regulations),
which would reasonably be expected to impair the validity or consummation of this Agreement or
the transactions contemplated hereby, or in default with respect to any order, writ,
injunction or
decree of any court, or in default under any order, license, regulation or demand of any
governmental agency which would reasonably be expected to impair the validity or
consummation of this Agreement or the transactions contemplated hereby, and in the past three
years Northland has not received notice of a material violation of any statute, ordinance,
order,rule or regulation. Northland is not subject to any regulatory or supervisory cease and desist
order, agreement, written directive, memorandum of understanding or written commitment (other
than those of general applicability to all banks and holding companies thereof), and has
received no written communication requesting that it enter into any of the foregoing.

     (e) Legal Proceedings. There are no actions, suits, claims, formal governmental
investigations or proceedings instituted or pending against Northland or against any
officer,director or employee of Northland which would be reasonably likely to prevent or hinder
the consummation of the transactions contemplated by this Agreement.

     (f) Brokers and Finders. Northland shall bear the sole responsibility for payment of
any broker, investment banker, finder or other fee incurred by Northland, or its Affiliates,
regarding the transactions contemplated hereby.

     (g) Disclaimer of Warranties. The Bank Assets and Bank Liabilities will be delivered
to Buyer “AS IS” “WHERE IS” with all faults. Northland makes no other warranties, guarantees,
or representations of any kind with respect to such Bank Assets and Bank Liabilities, either
express or implied, arising by law or otherwise, which shall survive delivery of the Bank
Assets to, or assumption of Bank Liabilities by, Buyer, including, but not limited to, the condition
or value of the Bank Assets, the amount or nature of any obligations or liabilities included in
the Bank Liabilities, any implied warranty of merchantability, any implied warranty arising from
course of performance, course of dealing or usage or trade, and any implied warranty of
fitness for any particular purpose. Northland hereby disclaims any warranties, guarantees or verbal or
written statements regarding the viability or continued success of the use or operation of the
Bank Assets and Bank Liabilities by Buyer.

     Section 6.2. Representations and Warranties of Buyer. Each of Bank of Blue Valley
and Ban Corp hereby jointly and severally represent and warrant to Northland as follows:

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     (a) Organization. Ban Corp is a Kansas corporation, duly organized and validly
existing under the laws of the State of Kansas. Bank of Blue Valley is a Kansas
state-chartered
bank, duly organized and validly existing under the laws of the State of Kansas.

     (b) Authority. Each of Bank of Blue Valley and Ban Corp has the power and
authority to enter into and perform this Agreement and any instruments or other documents
executed pursuant hereto. This Agreement and any instruments or other documents executed
pursuant hereto, and the execution, delivery and performance hereof and thereof have been duly
authorized and approved by all necessary corporate actions on the part of each of Bank of Blue
Valley and Ban Corp, and this Agreement, and the instruments and documents executed pursuant
hereto, constitute a valid and binding obligation of each of Bank of Blue Valley and Ban Corp,
enforceable against each in accordance with their terms, except as enforcement may be limited
by bankruptcy, insolvency, reorganization, moratorium or other laws of general applicability
relating to or affecting creditors’ rights, or the limiting effect of rules of law governing specific
performance, equitable relief and other equitable remedies or the waiver of rights or
remedies.

     (c) Non-Contravention. The execution and delivery of this Agreement and any
instruments or other documents executed pursuant hereto by each of Bank of Blue Valley and Ban
Corp do not and, subject to the receipt of all required approvals and consents, the
consummation of the transactions contemplated by this Agreement will not, constitute (i) a breach or
violation of or default under any law, rule, regulation, judgment, order, governmental permit or license of
either of Bank of Blue Valley or Ban Corp, or to which either of them is subject, which
breach, violation or default would reasonably be expected to impair the validity or consummation of
this Agreement or the transactions contemplated hereby, or (ii) a breach or violation of or a
default under the organizational documents of either Bank of Blue Valley or Ban Corp or any material
contract or other instrument to which it is a party or by which it is bound, except to the
extent that any such breaches or violations, in the aggregate, would not have a material adverse effect on
Bank of Blue Valley or Ban Corp or would not impair the validity or consummation of this
Agreement or the transactions contemplated hereby.

     (d) Compliance with Laws. Except as disclosed on Schedule 6.2(d), neither Bank
of Blue Valley nor Ban Corp is in violation of, nor is any of the property owned or leased by
either
in violation of, its organizational documents, or of any applicable federal, state or local
law or
ordinance or any order, rule or regulation of any federal, state, local or other governmental
agency or body (including, without limitation, all banking (including without limitation all
regulatory
capital requirements), fiduciary or agency, consumer protection, securities, municipal
securities,
safety, health, environmental, zoning, anti-discrimination, antitrust, and wage and hour laws,
ordinances, orders, rules and regulations) which would reasonably be expected to impair the
validity or consummation of this Agreement or the transactions contemplated hereby, or in
default with respect to any order, writ, injunction or decree of any court, or in default under any
order,license, regulation or demand of any governmental agency, and in the past three years neither
Bank of Blue Valley nor Ban Corp has received notice of a violation of any statute, ordinance,
order, rule or regulation. Neither Bank of Blue Valley nor Ban Corp is subject to any
regulatory or supervisory cease and desist order, agreement, written directive, memorandum of
understanding or written commitment (other than those of general applicability to all banks
and holding companies thereof), or has received any written communication requesting that it enter
into any of the foregoing. Neither Bank of Blue Valley nor Ban Corp has received any objection

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from any regulatory agency to its response to any violation, criticism or exception with respect to
any report or statement relating to any examinations of it.

     (e) Legal Proceedings. There are no actions, suits, claims, formal governmental
investigations or proceedings instituted or pending against either Bank of Blue Valley or Ban
Corp or against any officer, director or employee of either of them which would be reasonably
likely to prevent or hinder the consummation of the transactions contemplated by this
Agreement.

     (f) Brokers and Finders. Neither Bank of Blue Valley nor Ban Corp nor any of their
respective directors, officers or employees has employed any broker or finder or incurred any
liability for any broker or finder fees or commissions in connection with the transactions
contemplated hereby.

     (g) Buyer Investigation. Bank of Blue Valley and Ban Corp each acknowledges that:
(i) it has had the opportunity to visit with Western National and Northland and meet with
their representative officers and other representatives to discuss the business, assets,
liabilities, reserves, financial condition, cash flow and operations of Western National, and (ii) all
materials and information requested by Bank of Blue Valley or Ban Corp have been provided to Bank of
Blue Valley or Ban Corp, respectively, to the reasonable satisfaction of such party. Bank of
Blue Valley and Ban Corp each acknowledges that it has made its own independent examination,
investigation, analysis and evaluation of Western National and Northland, including its own
estimate of the value of the Bank Assets and Bank Liabilities. Each of Bank of Blue Valley and
Ban Corp acknowledges that it has undertaken such investigation (including a review of the
assets, liabilities, books, records and contracts of Western National and Northland) as Bank
of Blue Valley or Ban Corp deems adequate, including that described above.

     (h) Disclaimer of Further Warranties. With respect to the disclaimer of
warranties set forth in Section 6.1(g), Buyer acknowledges that it is acquiring the Bank Assets and
Bank Liabilities based on its own investigation, evaluation and knowledge of the Bank Assets and
Bank Liabilities, and other matters solely in its determination. Any statements which the Buyer is
relying upon which were made by Northland or any of its officers, employees, agents or Affiliates
are in writing and are contained in this Agreement, or the Schedules and Exhibits attached hereto.

ARTICLE VII

COVENANTS OF NORTHLAND

     Northland covenants and agrees with Buyer as follows:

     Section 7.1. Regulatory Approvals.

     (a) Northland shall file with the appropriate governmental entities all the
applications for the Regulatory Approvals that are necessary for Northland to obtain relating to
the transactions hereunder and for all other consents, permits and authorizations that Northland is
required to obtain in connection with the consummation of the transactions contemplated by this
Agreement. In addition, Northland shall cooperate with Buyer and use commercially reasonable
efforts to promptly prepare and file all necessary documentation; to effect all applications,
notices, petitions and filings; and to obtain as promptly as practicable all permits, consents,

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approvals, waivers and authorizations of all third parties and governmental entities which are
necessary or advisable for Northland to obtain to consummate the transactions contemplated by this
Agreement.

     (b) Subject to applicable laws relating to the exchange of information, Northland and
Buyer shall consult with each other on all information in connection with obtaining all
permits, consents, approvals and authorizations from all third parties and governmental entities which
are necessary or advisable to consummate the transactions contemplated by this Agreement.

     (c) Northland and Buyer shall keep each other apprised of the status of all
applications and filings.

     (d) Except for any confidential portions thereof, as determined at the discretion of the
Party responsible for making and filing any documentation with respect to any Regulatory
Approval, such Party shall promptly (i) provide a copy of the filing, and any supplement,
amendment or item of additional information in connection with the filing, to the other
Parties and (ii) deliver to the other Parties a copy of each material notice, order, opinion and other
item of correspondence received by it in respect of any such filing from any governmental entity whose
consent or approval is required for consummation of the transactions contemplated by this
Agreement.

     (e) Buyer and Northland shall promptly advise each other of any communication
received from a governmental entity which causes such Party to believe that there is
reasonable likelihood that a requisite Regulatory Approval will not be obtained or that the receipt of
such approval will be materially delayed.

ARTICLE VIII

COVENANTS OF BUYER

     Each of Bank of Blue Valley and Ban Corp with respect to itself covenants and agrees with
Northland as follows:

     Section 8.1. Regulatory Approvals and Standards.

     (a) Buyer shall file with the appropriate governmental entities all the applications for
the Regulatory Approvals that are necessary for it to obtain relating to the transactions
hereunder and for all other consents, permits and authorizations that Bank of Blue Valley or Ban Corp is
required to obtain in connection with the consummation of the transactions contemplated by
this Agreement. In addition, Buyer shall cooperate with Northland and use commercially reasonable
efforts to promptly prepare and file all necessary documentation; to effect all applications,
notices, petitions and filings; and to obtain as promptly as practicable all permits,
consents, approvals, waivers and authorizations of all third parties and governmental entities which are
necessary or advisable for Buyer to obtain to consummate the transactions contemplated by this
Agreement.

     (b) Bank of Blue Valley and Ban Corp will each use commercially reasonable efforts
to obtain as expeditiously as possible the Regulatory Approvals and will cooperate with

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Northland with regard to any Regulatory Approvals that Northland must obtain. As of the Closing
Date, each of Bank of Blue Valley and Ban Corp will satisfy each and all of the standards and
requirements reasonably within its control imposed as a condition to obtaining or necessary to
comply with Regulatory Approvals. Neither Bank of Blue Valley nor Ban Corp shall take any action
that would adversely affect or delay the ability of any Party to obtain any Regulatory Approval or
to perform its covenants and agreements under this Agreement.

     (c) After the Closing Date, it is the intention of each of Bank of Blue Valley and Ban
Corp to conduct the Bank Business at the Banking Offices, and therefore it is not expected that the
transactions contemplated by this Agreement will result in the closing, consolidation or relocation
of any of the Banking Offices. Bank of Blue Valley and Ban Corp each agrees that it shall be
responsible for complying with any required Banking Office closing or other notices to regulators
and customers in the event either Bank of Blue Valley or Ban Corp should at any subsequent time
determine to close, consolidate or relocate any of the Banking Offices or to close, consolidate or
relocate any Banking Office of either Bank of Blue Valley or Ban Corp in connection with or
relating to the transactions contemplated by this Agreement.

     Section 8.2. Corporate and Other Consents; Compliance with Law.

     (a) Bank of Blue Valley and Ban Corp shall each use commercially reasonable efforts
to secure all necessary corporate and other non-regulatory consents and shall provide
certified copies to Northland upon Northland’s request.

     (b) Bank of Blue Valley and Ban Corp shall each promptly comply with all
applicable laws, regulations, and rulings in connection with this Agreement and the
consummation of the transactions contemplated hereby.

     Section 8.3. Employees.

     With respect to all Employee Plans or Policies (as defined in the Merger Agreement)
maintained by Western National prior to the Merger, if any, Buyer shall retain or assume full
responsibility and liability for compliance with the Internal Revenue Code and ERISA, including,
without limitation, the continuation health care coverage requirements of Internal Revenue Code
Section 4980B and ERISA Sections 601 through 608 for all “qualifying events” within the meaning of
Section 4980B(f)(3) of the Code and Section 603 of ERISA with respect to such Employee Plans or
Policies occurring on or prior to the Closing Date. Northland shall not have any liability or
obligation whatsoever arising or resulting from any Employee Plans or Policies, and Buyer shall
indemnify and hold Northland and its owners, directors, officers, employees or agents from any
losses, damages, penalties, fines, costs and expenses (including reasonable attorneys’ fees)
resulting from Buyer’s failure to maintain any Employee Plans or Policies in accordance with the
terms of this Section 8.3 or applicable law.

ARTICLE IX

INDEMNITY

     Section 9.1. Northland’s Indemnity. Except as otherwise provided in this Agreement,
Northland shall indemnify, hold harmless and defend Bank of Blue Valley and Ban Corp, and

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their respective directors, shareholders, officers, agents and employees (the “Buyer Indemnitees”)
from and against all claims, losses, liabilities, demands and obligations (including reasonable
legal fees and expenses) (the “Claims”) asserted by third parties which any Buyer Indemnitee shall
receive, suffer or incur arising out of or resulting from (a) any Retained Asset or Retained
Liability after the Closing Date provided such Claim is the result of any act or omission of
Northland, and not the result of any pre-Closing act or omission by any other Person; or (b) the
breach of any representation, warranty or covenant made by Northland in this Agreement.

     Section 9.2. Buyer’s Indemnity. Except as otherwise provided in this Agreement,
Bank of Blue Valley and Ban Corp shall jointly and severally indemnify, hold harmless and defend
Northland and its directors, shareholders, officers, agents and employees (the “Northland
Indemnitees”) from and against all Claims asserted by third parties which any Northland Indemnitee
shall receive, suffer or incur arising out of, related to or resulting at any time from (a) the
Bank Assets or Bank Liabilities, whether accruing on, before or after the Closing; (b) the breach
of any representation, warranty or covenant made by Bank of Blue Valley or Ban Corp in this
Agreement; or (c) any employees of Western National.

     Section 9.3. Indemnification Procedures.

     (a) If any Northland Indemnitee or Buyer Indemnitee (each, an “Indemnified
Party”) seeks indemnification under this Article IX, the Indemnified Party shall notify in
writing the indemnifying party (the “Indemnifying Party”) within 30 days after learning of the
occurrence of any event that is asserted to be an indemnifiable event pursuant to this
Agreement. If such event involves the claim of any third party and the Indemnifying Party confirms in
writing its responsibility for such liability, if established, the Indemnifying Party shall be
entitled to participate in and, to the extent it shall wish, assume control over (in which case the
Indemnifying Party shall assume all expense with respect to) the defense, settlement, adjustment or
compromise of such claim.

     (b) The Indemnified Party shall have the right to employ separate counsel in any
action or claim and to participate in the defense thereof at the expense of the Indemnifying
Party (i) if the retention of such counsel has been specifically authorized by the Indemnifying
Party or (ii) if such counsel is retained because the Indemnifying Party does not confirm
responsibility for the liability as provided in subsection (a) above. The Indemnified Party shall have the right
to employ counsel at the Indemnified Party’s own expense and to participate in such action or
claim,including settlement or trial, as long as such participation does not substantially interfere
with the Indemnifying Party’s defense of such claim or action.

     (c) The Indemnifying Party shall obtain the prior written approval of the Indemnified
Party before entering into any settlement, adjustment or compromise of such claim or ceasing
to defend against such claim only if pursuant to or as a result of such settlement, adjustment,
compromise or cessation, injunctive or other relief would be imposed against the Indemnified
Party.

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     (d) If the Indemnifying Party does not assume control over the defense of such claim
as provided in Section 9.3(a), the Indemnified Party shall have the right to defend the claim
in such manner as it may deem appropriate at the cost and expense of the Indemnifying Party.

     (e) The Indemnifying Party shall remit payment for the amount of a valid and
substantiated claim for indemnification hereunder promptly upon receipt of a claim notice
therefor. Upon the payment in full of any claim hereunder, the Indemnifying Party shall be
subrogated to the rights of the Indemnified Party against any person with respect to the
subject matter of such claim.

     (f) In the event that the Indemnifying Party reimburses the Indemnified Party for any
third party claim, the Indemnified Party shall remit to the Indemnifying Party any
reimbursement that the Indemnified Party subsequently receives for such third party claim.

     Section 9.4. Survival. All indemnities contained in or made pursuant to this
Agreement shall survive the Closing for the applicable statute of limitations period, including
any and all extensions thereof, after the Closing Date, except as to any claim for which written
notice shall have been given prior to such date.

ARTICLE X

POST CLOSING MATTERS

     Section 10.1.
Further Assurances.

     On or after the Closing Date:

     (a) except as otherwise specifically provided herein, Northland shall give such further
assurances to Buyer in the orderly transition of the operations of the Banking Offices and
shall give such further assurances and execute, acknowledge and deliver all such instruments as may
be necessary and appropriate to effectively vest in Buyer title in the Bank Assets in the manner
contemplated hereby; and

     (b) except as specifically provided otherwise herein, Buyer shall give such further
assurances to Northland and Western National and shall execute, acknowledge and deliver all
such acknowledgments and other instruments and take such further action as may be necessary
and appropriate to effectively release, relieve and discharge Western National and Northland
from any obligations remaining with respect to the Bank Assets and Bank Liabilities assumed by Bank
of Blue Valley hereunder.

     Section 10.2. Access to and Retention of Books and Records. Following the Closing
Date, Buyer shall make available to Northland for inspection the books, records, documents,
instruments, accounts, correspondence, writings, evidences of title, Tax Returns and other papers
relating to Western National as of or prior to the Closing Date which are reasonably necessary for
tax or regulatory filings, for seven years or for such longer period as may be required by any law
or court order.

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     Section 10.3. Mutual Cooperation. The Parties agree to mutually cooperate after the
Closing Date to take any action necessary to accomplish an orderly transition to accomplish the
Goals.

     Section 10.4. Insurance. Buyer shall continue to maintain after the Closing Date all
insurance policies transferred pursuant to this Agreement as part of the Bank Assets with respect
to actions or claims regarding Western National arising on or before the Closing Date.

ARTICLE XI

MISCELLANEOUS

     Section 11.1. Venue; Jury Waiver. The Parties agree that any action or proceeding to
enforce, or arising out of, this Agreement may be commenced in the District Court of Jackson
County, Missouri or in the United States District Court for the Western District of Missouri. Each
Party also hereby waives any right to a trial by jury such party may have in connection with this
Agreement.

     Section 11.2. Expenses. Except as otherwise provided herein, each Party shall pay
all of its own out-of-pocket expenses in connection with this Agreement, including appraisal,
accounting, consulting, professional and legal fees, if any, whether or not the transactions
contemplated by this Agreement are consummated; except that Buyer shall pay all (a) recording,
filing or other fees, cost and expenses (including fees, costs and expenses for (i) preparation of
title certificates or searches, surveys, inspections, environmental audits or other investigations,
(ii) filing of any forms (including without limitation tax forms) with governmental
instrumentalities in connection with the transfer of Western National or Northland’s real property
or Personalty, and (iii) recording instruments or documents evidencing any transfers of interests
in real property), and (b) costs and expenses relating to the preparation, execution and recording
of assignments of mortgages, financing statements, notes, security agreements or other instruments
(other than the items to be delivered by Northland pursuant to Section 4.2), applicable to or
arising in connection with the transfer, assignment or assumption of the Loans (and mortgages,
financing statements, notes, security agreements and other instruments relating thereto), real
property, the Banking Office leases, if any, or the Personalty.

     Section 11.3. Communications, etc. Buyer shall furnish to Northland copies of the
text of all notices, advertisements, information or communications, written or oral, proposed to be
sent or transmitted by the furnishing party to the public generally regarding the transfer of the
Bank Assets and Bank Liabilities (including any public notices required to be given by law or
regulation in connection with such transactions or applications for approval thereof), and the
furnishing Party shall not send or transmit such notices, advertisements, information or
communications or otherwise make them public unless and until Northland has been afforded an
opportunity to review and raise any reasonable objections it may have to any such notices,
advertisements, information or communications, which such objections shall have been addressed to
the reasonable satisfaction of Northland before the same is sent or transmitted.

     Section 11.4. Termination. This Agreement shall terminate and shall be of no further
force or effect as between and among the Parties, upon the occurrence of any of the following:

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     (a) mutual agreement of the Parties;

     (b) receipt by any Party of notice from any regulatory authority that such Party has
been denied any Regulatory Approval by Final order; or

     (c) upon termination of the Merger Agreement.

     Section 11.5. Modification and Waiver. This Agreement may not be modified except in
a writing duly executed by all Parties. Any waiver must be in writing.

     Section 11.6. Binding Effect; Assignment. No Party may assign its rights or
obligations under this Agreement without the prior written consent of the other Parties, which
consent shall not be unreasonably withheld; provided, however, that Northland may, without
the prior consent of Bank of Blue Valley or Ban Corp, assign or transfer its rights and
obligations under the Agreement, in whole or in part, to (a) any Affiliate of Northland, (b) any
new entity created for purposes of (i) operating Northland’s business or (ii) effecting the
transactions contemplated by this Agreement and the Merger Agreement or (c) any Person or entity
that acquires or succeeds to all or substantially all of Northland’s business or assets
(respectively). Subject to the preceding sentence, all terms of this Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective successors and permitted
assigns.

     Section 11.7. Confidentiality.

     (a) All information furnished previously in connection with the transactions
contemplated by this Agreement or pursuant hereto shall be treated as the sole property of the
Party furnishing the information. Each Party shall use its best efforts to keep confidential
all such information and shall not directly or indirectly use such information for any competitive or
other commercial purposes and, if such transactions shall not occur, the Party receiving the
information shall either destroy or return to the Party that furnished such information all documents or
other materials containing, reflecting or referring to such information. The obligation to keep such
information confidential shall continue for five years from the date the transactions
contemplated herein are consummated or abandoned, but shall not apply to (i) any information that (x) the
Party receiving the information can establish by convincing evidence was already in its possession
prior to the disclosure thereof by the Party furnishing the information; (y) was then generally
known to the public; or (z) became known to the public through no fault of the Party receiving the
information; or (ii) disclosures pursuant to a legal requirement or in accordance with an
order of a court of competent jurisdiction; provided that the Party that is the subject of any
such legal requirement or order shall use its reasonable efforts to give the Party that disclosed the
information at least 10 business days prior notice thereof. This Section 11.7 shall survive
the termination or consummation of this Agreement.

     (b) The Parties acknowledge that the breach of any portion of Section 11.7(a) would
cause the Party furnishing information irreparable harm for which monetary damages would be
inadequate. Accordingly, in addition to other remedies available to it, the Party furnishing
information shall be entitled to seek injunctive or other equitable relief to remedy any
threatened or actual breach of any portion of Section 11.7(a) by the Party receiving the information,
notwithstanding anything else contained in this Agreement.

17

 

     Section 11.8. Entire Agreement. This Agreement and the Merger Agreement, including
any and all Exhibits and Schedules hereto and thereto, represent the entire agreement of the
Parties with respect to the subject matter hereof and thereof. All prior negotiations between the
Parties are merged into this Agreement and the Merger Agreement, and there are no understandings or
agreements other than those incorporated herein and therein.

     Section 11.9. Governing Law. Except to the extent governed by federal law, this
Agreement shall be interpreted, construed and enforced in all respects in accordance with the laws
of the State of Missouri (without regard to any principles of conflicts of laws thereof).

     Section 11.10. Severability. In the event that any one or more provisions of this
Agreement shall for any reason be held invalid, illegal or unenforceable in any respect by any
court of competent jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provisions of this Agreement, and the Parties shall use their reasonable efforts to
substitute a valid, legal and enforceable provision that, insofar as practical, implements the
purposes and intents of this Agreement.

     Section 11.11. Counterparts. This Agreement may be executed simultaneously in one or
more counterparts, each of which shall be deemed to be an original and all of which taken together
shall constitute one and the same instrument.

     Section 11.12. Notices. All notices required or permitted under this Agreement shall
be given in writing, shall reference this Agreement and shall be deemed to have been delivered and
given (a) upon personal delivery to the Party to be notified; (b) when sent by confirmed telex or
facsimile if sent during normal business hours of the recipient or, if not, then on the next
business day; (c) five days after having been sent by registered or certified U.S. mail, return
receipt requested, postage and charges prepaid; or (c) one business day after deposit with a
nationally-recognized commercial overnight courier, specifying next day delivery, with written
verification of receipt. All communications shall be sent to the addresses set forth on
Schedule II or to such other address as may be designated by a Party by giving written
notice to the other Parties pursuant to this Section 11.12.

     Section 11.13. Headings; Interpretation. The headings contained in this Agreement
are for reference purposes only and shall not affect the meaning or interpretation hereof. The use
of the singular pronoun in this Agreement shall be deemed to be or include the plural (and vice
versa), whenever appropriate. Whenever the words “include”, “includes” or “including” are used in
this Agreement, they shall be deemed to be followed by the words “without limitation”.

     Section 11.14. Specific Performance. The Parties acknowledge that monetary damages
could not adequately compensate the Parties in the event of a breach of this Agreement by one
Party, that the non-breaching Party or Parties would suffer irreparable harm in the event of such
breach and that the non-breaching Party or Parties shall have, in addition to any other rights or
remedies it or they may have at law or in equity, specific performance and injunctive relief as a
remedy for the enforcement hereof.

     Section 11.15. Third Party Beneficiaries. Except for Western National, which is an
intended beneficiary, the Parties intend that this Agreement shall not benefit or create any right

18

 

or cause of action in or on behalf of any Person other than the Parties. No future or
present employee or customer of any of the Parties shall be treated as a third party
beneficiary in or under this Agreement.

     Section 11.16. Mutual Drafting. This Agreement is the mutual product of the Parties,
and each provision hereof has been subject to the mutual consultation, negotiation and agreement of
each Party and shall not be construed for or against any Party.

[Execution page follows]

19

 

 Execution Version

     IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed, by their
duly authorized representatives, as of the day and year first above written.

	 	 	 	 	 
	 	NORTHLAND:

NORTHLAND NATIONAL BANK

 	 
	 	By:  	 	 
	 	 	Kenneth Riedemann 	 
	 	 	Chairman of the Board 	 
	 
	 	BAN CORP:

BLUE VALLEY BAN CORP.

 	 
	 	By:  	 	 
	 	 	Robert D. Regnier 	 
	 	 	President 	 
	 
	 	BANK OF BLUE VALLEY: 

BANK OF BLUE VALLEY 

 	 
	 	By:  	 	 
	 	 	Robert D. Regnier 	 
	 	 	President

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