AGREEMENT AND PLAN OF MERGER by and among VANTAGESOUTH BANK, CRESCENT STATE BANK, and CRESCENT FINANCIAL BANCSHARES, INC. Dated as of August 10, 2012Merger Agreement • August 13th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • North Carolina
This Agreement and Plan of Merger (this “Agreement”), dated as of August 10, 2012, by and among VantageSouth Bank, a North Carolina-chartered commercial bank (“VantageSouth”) and Crescent Financial Bancshares, Inc., a Delaware corporation (“Parent”), and Crescent State Bank, a North Carolina-chartered commercial bank and a wholly owned subsidiary of Parent (“Crescent Bank”). Certain capitalized terms have the meanings given to such terms in Article I.
