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Agreement and Plan of Reorganization

 

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Title:

Agreement and Plan of Reorganization

Entities:

Rome Bancorp, Inc.

Date:

2004

Size:

Preview shows 5KB of 112KB total

Price:

$53

ID:

#1004306

 

 

► Plans ► Agreements ► Agreements & Plans of Reorganization
► Financial ► S&Ls/Savings Banks

 

 

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<SEQUENCE>2

<FILENAME>drome3142532.txt
<DESCRIPTION>PLAN OF CONVERSION AND AGMT AND PLAN OF REORG
<TEXT>




PLAN OF CONVERSION


OF


ROME, MHC


AND


AGREEMENT AND PLAN OF REORGANIZATION


BETWEEN


ROME, MHC


ROME BANCORP, INC.
(A DELAWARE CORPORATION)


[NEW] ROME BANCORP, INC.
(A NEWLY FORMED DELAWARE CORPORATION)


AND


THE ROME SAVINGS BANK










<PAGE>




TABLE OF CONTENTS


SECTION
NUMBER PAGE
------ ----

1. INTRODUCTION.............................................................1
2. DEFINITIONS..............................................................3
3. GENERAL PROCEDURE FOR CONVERSION AND REORGANIZATION......................9
4. TOTAL NUMBER OF SHARES AND PURCHASE PRICE OF CONVERSION STOCK...........13
5. METHOD OF OFFERING SHARES AND RIGHTS TO PURCHASE STOCK..................14
6. ADDITIONAL LIMITATIONS ON PURCHASES OF CONVERSION STOCK.................18
7. TIMING OF SUBSCRIPTION OFFERING, MANNER OF EXERCISING SUBSCRIPTION
RIGHTS AND ORDER FORMS..................................................21
8. PAYMENT FOR CONVERSION STOCK............................................24
9. ACCOUNT HOLDERS IN NONQUALIFIED STATES OR FOREIGN COUNTRIES.............25
10. VOTING RIGHTS OF SHAREHOLDERS...........................................25
11. LIQUIDATION ACCOUNT.....................................................25
12. REQUIREMENTS FOLLOWING CONVERSION FOR REGISTRATION, MARKET MAKING
AND STOCK EXCHANGE LISTING..............................................27
13. DIRECTORS AND OFFICERS..................................................27
14. RESTRICTIONS ON STOCK PURCHASES BY MANAGEMENT...........................27
15. RESTRICTIONS ON TRANSFER OF STOCK.......................................28
16. RESTRICTIONS ON ACQUISITION OF STOCK OF THE HOLDING COMPANY.............28
17. TAX RULINGS OR OPINIONS.................................................29
18. STOCK COMPENSATION PLANS................................................29
19. Dividend and Repurchase Restictions on Stock............................27
20. PAYMENT OF FEES TO BROKERS..............................................29
21. EXPENSES................................................................30
22. EFFECTIVE DATE..........................................................30
23. AMENDMENT OR TERMINATION OF THE PLAN....................................30
24. INTERPRETATION OF THE PLAN..............................................30
25. SEVERABILITY............................................................30
26. MISCELLANEOUS...........................................................31







-i-

<PAGE>


1. INTRODUCTION.

For purposes of this section, all capitalized terms have the meanings
ascribed to them in Section 2. On October 6, 1999, The Rome Savings Bank (the
"Bank"), as a New York chartered savings bank, reorganized into the mutual
holding company form of organization as a wholly-owned subsidiary of Rome
Bancorp, Inc. (the "Mid-Tier Holding Company"), a Delaware corporation and the
mid-tier stock holding company that became the majority-owned subsidiary of
Rome, MHC (the "Mutual Holding Company"). Contemporaneously with the
reorganization, the Mid-Tier Holding Company sold 1,598,355 shares of its common
stock to the Bank's eligible depositors and to the Rome Bancorp, Inc. Employee
Stock Ownership Plan (the "ESOP"), and issued 1,734,396 of its shares of common
stock to the Mutual Holding Company. In addition, the Mid-Tier Holding Company
issued 68,015 of it shares of common stock to The Rome Savings Bank Foundation

 

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