AGREEMENT AND PLAN OF MERGER by and between Community Banks, Inc. and CommunityBanks, on the one hand and East Prospect State Bank, on the other hand Dated: September 12, 2006Merger Agreement • September 18th, 2006 • Community Banks Inc /Pa/ • National commercial banks • Pennsylvania
THIS AGREEMENT AND PLAN OF MERGER, dated as of September 12, 2006 (“Agreement”), is made by and between CommunityBanks (“Community”), a Pennsylvania chartered bank and trust company, having its headquarters at 150 Market Square, Millersburg, Pennsylvania 17061 and Community Banks, Inc. (“CMTY”), a financial holding company and Pennsylvania business corporation having its corporate headquarters at 777 East Park Dr., Harrisburg, Pennsylvania, 17111, on the one hand; and East Prospect State Bank (“East Prospect”), a Pennsylvania chartered banking institution, having its headquarters at P.O. Box 309, East Prospect, PA 17317-0309, on the other hand. CMTY, Community and East Prospect are sometimes referred to in this Agreement collectively as the “Parties” or individually as a “Party.” CMTY and Community are referred to from time to time as the “Community Parties.”
Form of Letter AgreementMerger Agreement • September 18th, 2006 • Community Banks Inc /Pa/ • National commercial banks
