PURCHASE AND ASSUMPTION AGREEMENT
ALL DEPOSITS
AMONG
FEDERAL DEPOSIT INSURANCE CORPORATION,
RECEIVER OF FIRST REPUBLIC BANK
SAN FRANCISCO, CALIFORNIA
FEDERAL DEPOSIT INSURANCE CORPORATION
AND
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
EFFECTIVE AS OF
MAY 1, 2023
PURCHASE AND ASSUMPTION AGREEMENT
TABLE OF CONTENTS
Aicle I. GENERAL........................................................................................................4
Aicle II. ASSUMPTION OF LIABILITIES .................................................................12
Aicle III. PURCHASE OF ASSETS AND QUALIFIED FINANCIAL
CONTRACTS .................................................................................................18
Acle IV. ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS ...................25
Aicle V. DUTIES WITH RESPECT TO DEPOSITORS OF THE FAILED
BANK.
Aicle VI. FAILED BANK RECORDS ...........................................................................38
Aicle VII. BID; INITIAL PAYMENT . ...........................................................................40
Aicle VIII. ADJUSTMENTS; SETTLEMENT PROCESS ..............................................40
Aicle . CONTINUG COOPERATION ..................................................................42
Aicle X. CONDITION PRECEDENT ..........................................................................45
Aicle XI. REPRESENTATIONS AND WARRANTIES OF THE ASSUMING
INSTITUTION............................................................................................... 45
Aicle XII. INDEMNIFICATION .................................................................................... 47
11
Article XIII. MISCELLANEOUS....................................................................................... 53
SCHEDULES
EXHIBITS
lll
ARTICLE I.
IV
2
3
4
5
6
7
8
9
11
ARTICLE II.
(a)
(b)
(c)
12
13
(
m
)
(n)
(o)
(a)
(i)
(ii)
(iii)
(iv)
(v)
14
15
16
(c)
2.4.
(a)
(b)
17
ARTICLE III.
(a)
(b)
(i)
18
3.5(.
(ii)
(iii)
(c)
19
(a)
(i)
(ii)
(iii)
(A)
(B)
(C)
20
(D)
(E)
(b)
(c)
(i)
(ii)
(iii)
( )
21
(e)
(
(g)
(a)
(b)
22
(c)
(d)
(
(i)
(
k
)
(I)
,
(m)
23
(q)
(r)
(s)
3.6.
(a)
(i)
(ii)
(iii)
(iv)
(v)
24
(b)
(a)
(b)
ARTICLE IV.
(a)
25
(b)
(c)
()
26
(a)
(b)
(c)
(d)
(a)
(i)
27
(ii)
(b)
(c)
()
(e)
(i)
28
(ii)
(iii)
(
(g)
(i)
29
(ii)
(h)
(i)
(i)
30
(ii)
(iii)
(iv)
(
k
)
4.7.
(a)
(b)
(c)
31
(d)
(e)
(
4.8.
(a)
32
(iii)
(c)
(ii)
33
(a)
(b)
(a)
(b)
34
(c)
(d)
(a)
(b)
(c)
35
(d)
36
ARTICLE V.
5.3.
(a)
(b)
(c)
(d)
(e)
37
ARTICLE VI.
(a)
(b)
(c)
6.2.
6.3.
(a)
(b)
38
(c)
39
ARTICLE VII.
ARTICLE VIII.
8.2.
(a)
40
(b)
(c)
41
ARTICLE IX.
(a)
(b)
(a)
42
(b)
43
(a)
(b)
(c)
44
ARTICLE X.
(a)
(b)
(c)
(d)
(e)
(
ARTICLE XI.
45
(a)
(b)
46
ARTICLE
(a)
(i)
(ii)
(iii)
(iv)
(v)
47
(vi)
provided
(vii)
(viii)
(ix)
(x)
(xi)
48
49
(ix)
(x)
(xi)
(xii)
(xiii)
(xiv)
(c)
(a)
50
(b)
(c)
(e)
(
(g)
51
(a)
(b)
(c)
52
ARTICLE XIII.
vice versa.
53
(a)
(b)
54
(c)
(a)
55
(b)
56
57
IN WITNESS WHEREOF,
FEDERAL DEPOSIT INSURANCE
CORPORATION,
RECEIVER OF FIRST REPUBLIC BANK,
SAN FRANCISCO CALIFORNIA
FEDERAL DEPOSIT INSURANCE
CORPORATION
[Signature Page of Assuming Institution Follows.]
SCHEDULE 2.a)
EXCLUDED DEPOSIT LIABILITY ACCOUNTS
60
61
SCHEDULE 2.o)
62
SCHEDULE 2.2
EXCLUDED CONTRACTS
63
SCHEDULE 3.2
PURCHASE PRICE OF ACQUIRED ASSETS
64
65
SCHEDULE 3.5
EXCLUDED SECURITIES AND
EXCLUDED QUALIFIED FINANCIAL CONTRACTS
EXCLUDED SECURITIES
EXCLUDED QUALIFIED FINANCIAL CONTRACTS
66
67
68
SCHEDULE 4.b)
BANK PREMISES IN UNDERSERVED AREAS
None.
69
SCHEDULE 6.3
DATA RETENTION CATALOG
F
I
st
tut
Destination
Q
1
3. Provide the requested application retention details on "Date Rention" tab of this workbook.
a. Update provided application list with any additional systems that were not included
b. Select the most appropriate value from the drown down list when the list is provided with applicable column.
If you need additional clarification while recoding the information, please call Jeff Baer (FDIC) at 703-516-1256 or Ericia
Glillbert (FDIC) at (214)362=2367. Sen the final copy of this document to Jay Brown [email protected]
70
I
I
I
Select the approp-
riate mechanism
representing the
offline data
's
71
SCHEDULE 7
THIS SCHEDULE IS NOT APPLICABLE
Failed Bank Accounts Excluded om Calculation of Deposit Franchise Bid Premium
Category Description
I.
Brokered Deposits
II. Non-Brokered Reciprocal Deposits and Non-Brokered Sweep Deposits
III. Listing Service Deposits
®
72
®
[: ATTACH APPLICABLE REPORTS
to Schedule
73
74
75
76
77
(
1
)
78
79
80
81
82
83
84
85
EXHIBIT 7.2
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1
2
3
4
5
