EMPLOYMENT AGREEMENT OF JAMES B. SCHWIERSEmployment Agreement • May 13th, 2005 • Summit Financial Corp • National commercial banks • South Carolina
AGREEMENT AND PLAN OF REORGANIZATION AND MERGERAgreement and Plan of Reorganization and Merger • May 13th, 2005 • Summit Financial Corp • National commercial banks • South Carolina
We have acted as South Carolina counsel to First Citizens Bank and Trust Company, Inc. (“FCB”). a South Carolina-chartered bank, and its parent company, First Citizens Bancorporation, Inc. (“Bancorp”), a South Carolina corporation, in connection with the transactions described in that certain Agreement and Plan of Reorganization and Merger dated as of _________ 2005 (the “Agreement,” including the Plan of Merger referenced therein), by and among Summit Financial Corporation, Inc. (“Summit”), Summit National Bank (“SNB”), and FCB, and joined in by Bancorp. Pursuant to and in accordance with the terms and conditions of the Agreement, SFC and SNB are proposed to be merged into and with FCB (the “Merger”) and each of the outstanding shares of SFC’s common stock will be converted into the right to receive cash in the amount of $22.00. This letter is delivered in connection with the consummation and closing of the Merger and other transactions described in the Agreement (the “Closing”). Capi
