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Document Preview Agreement and Plan of Share Exchange |
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Title: |
Agreement and Plan of Share Exchange |
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Entities: |
Bank of Granite Corp.; Capital Bank Corp.; Commerce Bancorp, Inc.; F.N.B. Corp.; Flag Financial Corp.; FNB Corp.; Security Bank Corp.; Southern Community Financial Corp. |
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Date: |
2003 |
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Size: |
Preview shows 4KB of 368KB total |
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Price: |
$99 |
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ID: |
#284957 |
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AGREEMENT AND PLAN
OF SHARE EXCHANGE
BY AND BETWEEN
SOUTHERN COMMUNITY FINANCIAL CORPORATION
AND
THE COMMUNITY BANK
JULY 30, 2003
{PAGE}
TABLE OF CONTENTS
{TABLE}
{S} {C}
ARTICLE I THE EXCHANGE.................................................................................. 1
1.01. Names Of Exchanging Corporations............................................................... 1
1.02. The Exchange................................................................................... 1
1.03. Conversion and Exchange of Stock............................................................... 1
(a) Consideration.................................................................................. 1
(b) Stock Exchange Ratio and Cash Elections........................................................ 1
(c) Election of Form of Consideration.............................................................. 1
(d) Required Ratio of Consideration; Allocations of Consideration.................................. 2
(e) Exchange and Payment Procedures; Surrender of Certificates..................................... 3
(f) Community Bank Certificates.................................................................... 3
(g) Certificates and Dividends..................................................................... 4
(h) Antidilutive Adjustments....................................................................... 4
(i) Dissenters..................................................................................... 4
(j) Lost Certificates.............................................................................. 4
(k) Fractional Shares.............................................................................. 4
1.04. Closing; Articles Of Share Exchange; Effective Time............................................ 5
1.05. Outstanding Financial Corporation Stock........................................................ 5
ARTICLE II REPRESENTATIONS AND WARRANTIES OF COMMUNITY BANK............................................. 5
2.01. Organization; Standing; Power.................................................................. 5
2.02. Community Bank's Capital Stock................................................................. 6
2.03. Principal Shareholders......................................................................... 6
2.04. Convertible Securities, Options, Etc........................................................... 6
2.05. Authorization and Validity of Agreement........................................................ 6
2.06. Validity of Transactions; Absence of Required Consents or Waivers.............................. 6
2.07. Community Bank's Books and Records............................................................. 7
2.08. Community Bank Reports......................................................................... 7
2.09. Community Bank Financial Statements............................................................ 7
2.10. Tax Returns and Other Tax Matters.............................................................. 8
2.11. Absence of Material Adverse Changes or Certain Other Events.................................... 8
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