Agency Agreement

• Date: 20 June 2024
• Parties: El Banco Financial Corporation (the "Company"), sales agent (the "Agent" or "you")
• State: Georgia
• Section: Commercial Contracts

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Exhibit10.16



ELBANCOFINANCIALCORPORATION

AGENCYAGREEMENT



,2006

LadiesandGentlemen:

ElBancoFinancialCorporation,aGeorgiacorporation(the"Company"),proposes,subjecttothetermsandconditionsstatedherein,toengagethe

salesagentidentifiedonthesignaturepagetothisAgreement(the"Agent"or"you")toassisttheCompanyona"bestefforts"basisinthesaleof

theCompany'scommonstock,$.01parvaluepershare(the"Shares").

1.TheOffering.TheCompanyisofferingtheShares,inconnectionwiththeCompany'sinitialpublicoffering(the"Offering").

TheCompanyhaspreparedandfiled,inaccordancewiththeprovisionsoftheSecuritiesActof1933andtherulesandregulationsthereunder

(collectively,the"1933Act"),withtheSecuritiesandExchangeCommission(the"Commission")aregistrationstatementonFormSB-2(FileNo.

333-135900)underthe1933Act,includingaprospectus,relatingtotheShares.Exceptwherethecontextotherwiserequires,"Registration

Statement,"asusedherein,meanstheregistrationstatement,asamendedatthetimeofsuchregistrationstatement'seffectivenessforpurposesof

Section11ofthe1933Act(the"EffectiveTime"),including(i)alldocumentsfiledasapartthereof,(ii)anyinformationcontainedinaprospectus

subsequentlyfiledwiththeCommissionpursuanttoRule424(b)underthe1933Actanddeemed,pursuanttoRule430AorRule430Cunderthe

1933Act,tobepartoftheregistrationstatementattheEffectiveTime,and(iii)anyregistrationstatementfiledtoregistertheofferandsaleofthe

SharespursuanttoRule462(b)underthe1933Act.

Exceptwherethecontextotherwiserequires,a"PreliminaryProspectus,"asusedherein,meansanypreliminaryprospectusincludedinthe

RegistrationStatementorfiledwiththeCommissionpursuanttoRule424(a)undertheSecuritiesAct.

Exceptwherethecontextotherwiserequires,"Prospectus,"asusedherein,meanstheprospectusfiledbytheCompanywiththeCommission

pursuanttoRule424(b)underthe1933ActonorbeforethesecondbusinessdayaftertheEffectiveTime(orsuchearliertimeasmayberequired

undertheAct),or,ifnosuchfilingisrequired,thefinalprospectusincludedintheRegistrationStatementattheEffectiveTime.

"PermittedFreeWritingProspectuses,"asusedherein,meansthedocumentsandeach"roadshow"(asdefinedinRule433(h)(4)underthe1933

Act),ifany,relatedtotheofferingoftheSharescontemplatedherebythatisa"writtencommunication"(asdefinedinRule405underthe1933Act).

"DisclosurePackage,"asusedherein,meansanyPreliminaryProspectustogetherwithanycombinationofoneormoreofthePermittedFree

WritingProspectuses,ifany.

"BlueSkyApplication,"asusedherein,meansanyinstrumentordocumentexecutedbytheCompanyorbaseduponwritteninformationsupplied

bytheCompanyfiledinanystateorjurisdictiontoregisterorqualifyanyoralloftheSharesortoclaimanexemptiontherefromorprovidedtoany

stateorjurisdictiontoexempttheCompanyasabroker-dealerortheofficers,directorsoremployeesasbroker-dealersoragentsoftheCompany

underthesecuritieslawsthereof.

AnyreferencehereintotheRegistrationStatement,anyPreliminaryProspectus,theProspectusoranyPermittedFreeWritingProspectusshallbe

deemedtorefertoandincludethedocuments,ifany,incorporatedbyreference,ordeemedtobeincorporatedbyreference,therein(the

"IncorporatedDocuments"),including,withoutlimitation,unlessthecontextotherwiserequires,thedocuments,if

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