EXHIBIT 99.1 ------------ FOR IMMEDIATE RELEASE --------------------- CONTACT - CGB&L FINANCIAL GROUP, INC. MARALYN F. HECKMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER (217) 763-2911 February 21, 2001 CGB&L FINANCIAL GROUP, INC. ENTERS INTO AGREEMENT TO...Acquisition Agreement • February 22nd, 2001 • Cgb&l Financial Group Inc • Savings institutions, not federally chartered
Cerro Gordo, Illinois-Maralyn F. Heckman, President and Chief Executive Officer of CGB&L Financial Group, Inc., the parent company of Cerro Gordo Building & Loan, sb today announced that CGB&L had signed a definitive agreement to be acquired by a company controlled by David Movtady. The Company announced on January 12, 2001, that it had entered into a letter of intent to be acquired. CGB&L will be acquired for cash with each stockholder of CGB&L expected to receive approximately $23.00 per share.
EXHIBIT 10.2 CERRO GORDO BUILDING AND LOAN, s.b. EMPLOYMENT AGREEMENT THIS AGREEMENT ("Agreement") is made effective as of June 7, 1999 by and among Cerro Gordo Building and Loan, s.b. (the "Institution"), a state chartered savings institution, with...Employment Agreement • June 29th, 1999 • Cgb&l Financial Group Inc • Savings institutions, not federally chartered • Illinois
EXHIBIT 2.1 ----------- AGREEMENT AND PLAN OF MERGERMerger Agreement • February 22nd, 2001 • Cgb&l Financial Group Inc • Savings institutions, not federally chartered • Illinois
Common Stock (Par Value $0.01 Per Share)Sales Agency Agreement • July 27th, 1998 • Cgb&l Financial Group Inc • Savings institutions, not federally chartered • North Carolina
FORM OF CGB&L FINANCIAL GROUP, INC. EMPLOYMENT AGREEMENTEmployment Agreement • June 3rd, 1998 • Cgb&l Financial Group Inc • Delaware
ARTICLE I ESTABLISHMENT OF THE PLAN AND TRUSTManagement Development and Recognition Plan and Trust Agreement • June 3rd, 1998 • Cgb&l Financial Group Inc • Illinois
LETTERHEAD]Appraisal and Business Plan Agreement • June 3rd, 1998 • Cgb&l Financial Group Inc
JMP Financial, Inc. ("JMP") is pleased to present this Agreement to Cerro Gordo (the "Bank" or "Cerro Gordo") to act as appraiser in its mutual-to-stock conversion and to prepare a business plan for the Bank in accordance with state and federal regulations. JMP is pleased to have the opportunity to associate itself with Cerro Gordo and believes that it is uniquely suited to serve the needs of Cerro Gordo.
