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Agreement and Plan of Merger

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Title:

Agreement and Plan of Merger

Entities:

Leesport Financial Corp.

Date:

2004

Size:

224KB total

Price:

$76

ID:

#829162

► Plans ► Agreements ► Agreements & Plans of Merger
► Financial ► Regional Banks

Start of Preview

AGREEMENT AND PLAN OF MERGER

between

LEESPORT FINANCIAL CORP.

and

MADISON BANCSHARES GROUP, LTD.

April 16, 2004

TABLE OF CONTENTS

ARTICLE I		THE MERGERS
	Section 1.01	Definitions
	Section 1.02	The Merger.
	Section 1.03	Bank Merger

ARTICLE II		REPRESENTATIONS AND WARRANTIES OF MADISON
	Section 2.01	Organization.
	Section 2.02	Capitalization.
	Section 2.03	Authority; No Violation.
	Section 2.04	Consents
	Section 2.05	Financial Statements.
	Section 2.06	Taxes
	Section 2.07	No Material Adverse Effect
	Section 2.08	Contracts.
	Section 2.09	Ownership of Property; Insurance Coverage.
	Section 2.10	Legal Proceedings
	Section 2.11	Compliance With Applicable Law.
	Section 2.12	ERISA
	Section 2.13	Brokers, Finders and Financial Advisors; Fairness Opinion
	Section 2.14	Environmental Matters
	Section 2.15	Allowance for Losses
	Section 2.16	Information to be Supplied
	Section 2.17	Related Party Transactions
	Section 2.18	Loans
	Section 2.19	Takeover Laws
	Section 2.20	Labor and Employment Matters
	Section 2.21	Risk Management Instruments
	Section 2.22	Community Reinvestment Act, Anti-Money Laundering and Customer Information Security
	Section 2.23	Credit Card Accounts
	Section 2.24	Merchant Processing
	Section 2.25	Agreements with Regulatory Authorities
	Section 2.26	Regulatory Capital

ARTICLE III		REPRESENTATIONS AND WARRANTIES OF LEESPORT
	Section 3.01	Organization.
	Section 3.02	Capital Structure.
	Section 3.03	Authority; No Violation.
	Section 3.04	Consents
	Section 3.05	Financial Statements.
	Section 3.06	Taxes
	Section 3.07	No Material Adverse Effect
	Section 3.08	Ownership of Property; Insurance Coverage.
	Section 3.09	Legal Proceedings
	Section 3.10	Compliance With Applicable Law.

	Section 3.11	Information to be Supplied
	Section 3.12	ERISA
	Section 3.13	Securities Documents
	Section 3.14	Environmental Matters
	Section 3.15	Allowance for Loan Losses
	Section 3.16	Loans
	Section 3.17	Continuity of Business Enterprise
	Section 3.18	No Madison Capital Stock
	Section 3.19	Regulatory Capital
	Section 3.20	Agreements with Regulatory Authorities
	Section 3.21	Community Reinvestment Act, Anti-Money Laundering and Customer Information Security
	Section 3.22	No Brokers
	Section 3.23	Tax Matters

ARTICLE IV		COVENANTS OF THE PARTIES
	Section 4.01	Conduct of Madisons Business.
	Section 4.02	Access; Confidentiality.
	Section 4.03	Regulatory Matters and Consents.
	Section 4.04	Taking of Necessary Action
	Section 4.05	Certain Agreements.
	Section 4.06	No Other Bids and Related Matters.
	Section 4.07	Duty to Advise; Duty to Update Disclosure Schedule
	Section 4.08	Conduct of Leesport Business.
	Section 4.09	Current Information.
	Section 4.10	Undertakings by Leesport and Madison.
	Section 4.11	Employee Benefits and Retention Bonuses.
	Section 4.12	Affiliate Letter
	Section 4.13	Leesport Rights Agreement
	Section 4.14	Nasdaq Listing

ARTICLE V		CONDITIONS
	Section 5.01	Conditions to Madisons Obligations under this Agreement
	Section 5.02	Conditions to Leesports Obligations under this Agreement
	Section 5.03	Frustration of Closing Conditions

ARTICLE VI		TERMINATION, WAIVER AND AMENDMENT
	Section 6.01	Termination
	Section 6.02	Effect of Termination.

ARTICLE VII		MISCELLANEOUS
	Section 7.01	Expenses
	Section 7.02

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