AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • July 16th, 2014 • Franklin Financial Corp • Savings institution, federally chartered • Virginia
AGREEMENT AND PLAN OF REORGANIZATION, dated as of July 14, 2014, by and among TOWNEBANK, a Virginia banking corporation (“Parent”), FRANKLIN FINANCIAL CORPORATION, a Virginia corporation (the “Company”), and FRANKLIN FEDERAL SAVINGS BANK, a federally chartered savings bank and wholly owned subsidiary of the Company (“Bank Subsidiary”).
