AGREEMENT AND PLAN OF MERGER Dated as of January 22, 2004 among INTERNATIONAL BANCSHARES CORPORATION, LFC ACQUISITION CORP. and LOCAL FINANCIAL CORPORATIONMerger Agreement • January 23rd, 2004 • Local Financial Corp /Nv • National commercial banks • Texas
Contract Type FiledJanuary 23rd, 2004 Company Industry JurisdictionAGREEMENT AND PLAN OF MERGER, dated as of January 22, 2004 (this “Agreement”), among INTERNATIONAL BANCSHARES CORPORATION, a Texas corporation (“IBC”), LFC ACQUISITION CORP., a Delaware corporation and an indirect wholly owned subsidiary of IBC (“Acquisition Sub”), and LOCAL FINANCIAL CORPORATION, a Delaware corporation (“LFC”).