Principal $6,000,000.00 | Loan Date 06-30-2012 | Maturity 07-01-2022 | Loan No 260024914 | Call / Coll 9A / 54 | Account | Officer AJJ | Initials |
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations. |
Borrower: | PREMIER FINANCIAL BANCORP, INC. (TIN: 61-1206757) 2883 FIFTH AVE. HUNTINGTON, WV 25702 | Lender: | FIRST GUARANTY BANK Bossier City Branch 4221 Airline Drive Bossier City, LA 71111 (318) 383-5234 |
Principal Amount: $6,000,000.00 | Date of Agreement: JUNE 24, 2019 |
DESCRIPTION OF EXISTING INDEBTEDNESS. PROMISSORY NOTE #260024914 DATED JUNE 30, 2012 IN THE ORIGINAL PRINCIPAL AMOUNT OF $2,000,000.00 MODIFIED WITH AN INCREASE TO $3,000,000.00 ON APRIL 24,2013 WITH A CURRENT PRINCIPAL BALANCE OF $0.00.
DESCRIPTION OF COLLATERAL. 2500 SHARES OF PREMIER BANK, INC STOCK, #2.
DESCRIPTION OF CHANGE IN TERMS. EFFECTIVE AS OF THE DATE OF THIS AGREEMENT:
EXTENDING MATURITY DATE TO 7-1-22
INTEREST RATE CHANGED TO WALL STREET JOURNAL PRIME ADJUSTED DAILY WITH A FLOOR OF 4.25%
INCREASE PRINCIPAL AMOUNT FROM $3,000,000.00 TO $6,000,000.00
SEE "PAYMENT" PARAGRAPH BELOW.
ALL OTHER TERMS AND CONDITIONS REMAIN THE SAME.