AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between ASB BANCORP, INC. And FIRST BANCORP May 1, 2017Merger Agreement • May 1st, 2017 • First Bancorp /Nc/ • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of May 1, 2017, is by and between First Bancorp, a North Carolina corporation (“Buyer”), and ASB Bancorp, Inc., a North Carolina corporation (“ASBB”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between ASB BANCORP, INC. And FIRST BANCORP May 1, 2017Merger Agreement • May 1st, 2017 • ASB Bancorp Inc • Savings institution, federally chartered • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of May 1, 2017, is by and between First Bancorp, a North Carolina corporation (“Buyer”), and ASB Bancorp, Inc., a North Carolina corporation (“ASBB”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.