AGREEMENT AND PLAN OF MERGER DATED AS OF NOVEMBER 23, 2021 AMONGMerger Agreement • November 23rd, 2021 • Connecticut
Contract Type FiledNovember 23rd, 2021 JurisdictionTHIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of November 23, 2021, is by and among (i) Ion Financial, MHC, a Federally-chartered mutual holding company and the parent company of Ion Bank (“Ion MHC”), (ii) Ion Bank, a Connecticut-chartered savings bank, (iii) Lincoln Park Bancorp, MHC, a Federally-chartered mutual holding company and the parent company of Lincoln Park Bancorp (“Lincoln MHC”),