Corporations Participating in Share Exchange. The names of the corporations participating in the share exchange (the "Share Exchange") contemplated by this Plan of Share Exchange (the "Plan") are MOUNTAINBANK (the "Bank") and MOUNTAINBANK FINANCIAL CORPORATION (the "Corporation"). The Corporation will be the acquiring corporation in the Share Exchange and will acquire all of the outstanding shares of the Bank pursuant to the terms and conditions of this Plan.
Appears in 2 contracts
Samples: Reorganization and Share Exchange Agreement (Mountainbank Financial Corp), Reorganization and Share Exchange Agreement (Mountainbank Financial Corp)
Corporations Participating in Share Exchange. The names of the corporations participating in the share exchange (the "Share Exchange") contemplated by this Plan of Share Exchange (the "Plan") are MOUNTAINBANK NORTH STATE BANK (the "Bank") and MOUNTAINBANK FINANCIAL CORPORATION NORTH STATE BANCORP (the "Corporation"). The Corporation will be the acquiring corporation in the Share Exchange and will acquire all of the outstanding shares of the Bank pursuant to the terms and conditions of this Plan.
Appears in 1 contract
Samples: Agreement and Plan of Holding Company Reorganization and Share Exchange (North State Bancorp)
Corporations Participating in Share Exchange. The names of the corporations participating in the share exchange (the "“Share Exchange"”) contemplated by this Plan of Share Exchange (the "Plan"“Plan of Share Exchange”) are MOUNTAINBANK BANK OF THE CAROLINAS (the "“Bank"”) and MOUNTAINBANK FINANCIAL BANK OF THE CAROLINAS CORPORATION (the "“Corporation"”). The Corporation will be the acquiring corporation in the Share Exchange and will acquire all of the outstanding shares of the Bank pursuant to the terms and conditions of this PlanPlan of Share Exchange.
Appears in 1 contract
Samples: Reorganization and Share Exchange Agreement (Bank of the Carolinas CORP)
Corporations Participating in Share Exchange. The names of the corporations participating in the share exchange (the "“Share Exchange"”) contemplated by this Plan of Share Exchange (the "Plan"“Plan of Share Exchange”) are MOUNTAINBANK BANK OF WILMINGTON (the "“Bank"”) and MOUNTAINBANK FINANCIAL BANK OF WILMINGTON CORPORATION (the "Corporation"“BankCorp”). The Corporation BankCorp will be the acquiring corporation in the Share Exchange and will acquire all of the outstanding shares of the Bank Bank’s common stock pursuant to the terms and conditions of this PlanPlan of Share Exchange.
Appears in 1 contract
Samples: Reorganization and Share Exchange Agreement (Bank of Wilmington CORP)
