sasi news dec 2010

17
SETTLEMENT AND RELEASE AGREEMENT This Settlement and Release Agreement ( Agreement ) is made by, between, and among the followin¥ undersigned parties: The Plaintiff Federal Deposit Insurance Corporation as Receiver for Broadway Bank ( FDIC·R''), and Sean Conlon, Anthony D'Costa, Steven Dry, Demetris Giannouliss, George Giannoulias, James McMahon, Gloria Sguros, Donna Zagorski and the Estate of Steven Balourdous (collectively the Settling Defendants ) (individually, the FDIC-R and the Settling Defendants may be referred to herein as Party and collectively as the Parties ). RECITALS WHEREAS: Priot to April23, 2010, Broadway Bank ( Bank ) was a depository institution organized and existing under the laws of Dlinois; On April 23, 2010, the lllinois Depar1ment of Financial and Professional Regulation closed the Bank and pursuant to 12 U.S.C. § 1821 (c), the Federal Deposit Insurance Corporation w s appointed Receiver. In accordance with 12 U.S.C. § 182l{d), the FDIC-R succeeded to all rights, titles, powers and privileges of he Bank, including those with respect t its assets. Among the assets to which the FDIC-R succeeded were ll of the Bank's claims, demands, and causes of action against its former directors, officers, and employees arising from the performance, nonperformance, and manner of perfonnance of thoir respective functions, duties and acts as directors, officers, and employees o f he Bank; On March 7, 2012, the FDIC-R filed a complaint for money damages against the Settling D e f e n d a n t s ~ each of whom served at various times as a director and/or officer of the Bank. Those claims for damages are now pending in 1he United States District Court for the Northern District o f Dlinois in FDIC s Receiver for Broadway Bank v Gtannf?ulias t al. Case No. 1 2 c ~ 1665 (N.D. Ill.) ( D&O Action). The Settling Defendants have denied liability in the D O Action.

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Page 1: Sasi News Dec 2010

8/8/2019 Sasi News Dec 2010

http://slidepdf.com/reader/full/sasi-news-dec-2010 1/1

 SOUTHERN ARTS SOCIETY, INC

at the DEPOT December 2010Founded 1984

Save ou Resources r ! 

GET THE NEWSLETTER VIA E-MAIL

Send request to:

[email protected]

Put “Southern Arts” in subject line. 

Tuesday Dec 7

Southern Arts SocietyCHRISTMAS PARTY 

All members of  Southern Arts Society and theShutterLight Group are invited to celebrate theseason together. We have been doing the

  “Chinese” gift exchange for many years which isalways fun. Everyone bring an artsy present toexchange ($10 value), one you have made yourself(we’ll let you slide if it’s purchased) or art supplies.Bring your favorite covered dish to share andwe’ll have a great meal and lots of fun. Spouses,

dates and friends are welcome to attend!

Social Time i s at 6:30

Dinner and party to follow - don’t be late! 

SASi m eets t he f i r s t Tuesday each mon th .Social Time 6:30 P rogram 7:00

Visitors are Welcome!

Shutter Light Group – Tues. Dec. 14th

 

The December meeting will start with a review ofthe Print Competition and end with a presentationby our own Hal Bryant on manual HDR (highdynamic range) photography! Bring your monthlyassignment photos from November and December(manipulation and abstract).The ShutterLight Group would like to thank

the judges of the print competition:  RonAtchley of Lincolnton, Janet Boschker ofCharlotte and Randy McNeilly of Shelby. A totaof 71 prints were entered and judged! 17% wereawarded Blue ribbons, 31% Red ribbons, 50%White ribbons, truly outstanding for the first one.The bar has been set high!The judges each picked a favorite and gave it

a "Judges Choice Award".  The winners

Bonita Lowe for "Star Burst"...Ellen Devenny for"Jackson" and Earl Humphries for "Dragonfly onLeaves". Best of Show went to Ellen Devenny for

"Life Lines".All the entries are now on display in Fireside

Gallery in the depot! Thanks to all whoparticipated in this venture, it could not have gonebetter!

The Shu t te r L igh t Group m eets  

t he second Tuesday each mont h .  

Social Time 6:30 P rogram 7:00

Visitors are Welcome! Bring a friend! 

More information: Tom Pacheco or visit the [email protected]

~ GIFT SHOP

& GALLERY ~ “Members Exhibit and 2011 Calendars” 

Southern Arts Society members have artwork onexhibit and for sale in the gift shop and gallery. Workis available for sale – everything is “cash and carry” to suit your holiday shopping needs. Our 2011 handprinted calendars “Myths and Legends” are now onsale for $20 each. Frames are $25 each.SASI will be open on Sundays in December.

Please Volunteer!! Please contact Jo Ann Ford at704-629-5929 or email [email protected]  for details.Proceeds from the Members Show and the Gift Shop

in the month of December will go to fixing up theback of the Depot for a courtyard that will be open formembers to use and enjoy.

GATEWAYS TO THE SOUTH WINNERS

Our judge for this years Gateways show was MichaelGrady, Chair Department of Art at ASU. Awards were

presented at the Opening Reception on October 3.First Place - Dennis Shook

 “Cade’s Cove Late Summer”.Second Place - Gary Freeman  “The Woods” 

Third Place – James Norman “Backyard Horse” 

Merit AwardsBrenda Beard-Bostian “Mistress Mary Potter” 

Steven Pruitt “Grist Mill in the Snow” Bernice Chappell “Kids in Tank” 

THURSDAYS AT SASi

Bring your latest art project, paintings, etc., to SASion Thursdays from 10am to 9pm. Come work andtalk with other artists. Open to members and thepublic. Bring lunch and stay all day.

CLASSES AT SASi

SASi is currently working on classes and programs for

the coming year. Please contact Bernice if you wouldlike to teach a class – and to let us know what classesand programs you would like SASi to offer. 

OFFICERS

President Bernice Chappell 704-739-5723Vice President Camiel Bradshaw 704-739-6234Secretary Jennifer Borja 704-435-5902Treasurer Johnsie Reavis 704-739-2056

Depot/Gallery Hours: Tues, Wed & Fri 10am - 4pmThurs 10am - 9pm open studios, Sat 11am - 3pm

Sundays in December 1-4