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FBNC » Topics » Equity Adjustment

This excerpt taken from the FBNC 8-K filed Jun 24, 2009.
Equity Adjustment" means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the Book Value, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

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