AGREEMENT AND PLAN OF MERGER dated April 26, 2011 by and among FNB UNITED CORP., GAMMA MERGER CORPORATION and BANK OF GRANITE CORPORATIONMerger Agreement • April 27th, 2011 • Bank of Granite Corp • State commercial banks • Delaware
This AGREEMENT AND PLAN OF MERGER, dated April 26, 2011 (this “Agreement”), is by and among FNB United Corp., a North Carolina corporation having its principal place of business at 150 South Fayetteville Street, Asheboro, North Carolina 27203 (“FNB”), Gamma Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of FNB (“Merger Sub”), and Bank of Granite Corporation, a Delaware corporation having its principal place of business at 23 North Main Street, Granite Falls, North Carolina 28630 (“Granite”). Certain capitalized terms used in this Agreement are defined in Section 1.01.
