EXHIBIT 2.1
AMENDMENT TO AGREEMENT
AND
PLAN OF REORGANIZATION
This AMENDMENT TO AGREEMENT AND PLAN OF REORGANIZATION (the
"Amendment") entered into as of the 15th day of February, 2000, by and between
NATIONAL BANCORP OF ALASKA, INC. ("Company"), a Delaware corporation, and XXXXX
FARGO & COMPANY ("Xxxxx Fargo"), a Delaware corporation.
WHEREAS, Company and Xxxxx Fargo are parties to that certain agreement
and plan of reorganization dated as of the 12th day of January, 2000 (the
"Agreement"), pursuant to the terms of which a wholly-owned subsidiary of Xxxxx
Fargo will merge with the Company,
WHEREAS, the parties have determined that paragraph 1(a) of the
Agreement should be amended to redefine the "Xxxxx Fargo Measurement Price."
NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements contained herein, the parties hereto do hereby
represent, warrant, covenant and agree as follows:
1. Paragraph 1(a) of the Agreement is amended and restated in its
entirety to read as follows:
(a) Merger. Subject to the terms and conditions contained herein,
a wholly-owned subsidiary of Xxxxx Fargo (the "Merger Co.") will be
merged by statutory merger with and into Company pursuant to the Merger
Agreement, with Company as the surviving corporation, in which merger
each share of Company Common Stock outstanding immediately prior to the
Effective Time of the Merger (as defined in paragraph 1 (d) below)
(other than shares as to which statutory dissenters' appraisal rights
have been exercised) will be converted into the right to receive the
number of shares of Xxxxx Fargo Common Stock determined by dividing $30
by the Xxxxx Fargo Measurement Price. The "Xxxxx Fargo Measurement
Price" is defined as the average of the closing prices of a share of
Xxxxx Fargo Common Stock as reported on the consolidated tape of the
New York Stock Exchange during the period of 15 trading days ending on
March 15, 2000.
2. Except as specifically amended herein, the Agreement remains in full
force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
day and year first above written.
XXXXX FARGO & COMPANY NATIONAL BANCORP OF ALASKA, INC.
By: /s/ Xxxx X. Xxxx By: /s/ Xxxxxx X. Xxxxxxxx
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Its: Senior Vice President Its: Chairman of the Board of Directors
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