AGREEMENT AND PLAN OF MERGER by and among: MACKINAC FINANCIAL CORPORATION, a Michigan corporation; PFC ACQUISITION, LLC, a Michigan limited liability company, and PENINSULA FINANCIAL CORPORATION, a Michigan corporation.Merger Agreement • July 23rd, 2014 • Mackinac Financial Corp /Mi/ • State commercial banks • Michigan
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of July 18, 2014, by and among MACKINAC FINANCIAL CORPORATION, a Michigan corporation (“Mackinac”), PFC ACQUISITION, LLC, a Michigan limited liability company (“MergerSub”), and PENINSULA FINANCIAL CORPORATION, a Michigan corporation (“Peninsula”). Certain capitalized terms have the meanings given to such terms in ARTICLE IX.
