0001174947-17-000734 Sample Contracts

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between ASB BANCORP, INC. And FIRST BANCORP May 1, 2017

Merger Agreement • May 1st, 2017 • First Bancorp /Nc/ • State commercial banks • North Carolina

• Contract Type
  Merger Agreement
• Filed
  May 1st, 2017
• Company
  First Bancorp /Nc/
• Industry
  State commercial banks
• Jurisdiction
  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.