TRUST COMPANY AGREEMENT AND PLAN OF MERGER by and among CHEMUNG CANAL TRUST COMPANY PARTNERS TRUST FINANCIAL GROUP, INC. PARTNERS TRUST BANK and upon organization, PARTNERS LIMITED TRUST CO. Dated as of October 11, 2006 TRUST COMPANY AGREEMENT AND...Trust Company Agreement and Plan of Merger • October 12th, 2006 • Partners Trust Financial Group Inc • National commercial banks • New York
THIS TRUST COMPANY AGREEMENT AND PLAN OF MERGER, dated as of October 11, 2006 (this "Agreement"), is made by and among Partners Trust Financial Group, Inc., a Delaware corporation ("Parent"), Partners Trust Bank, a federal savings association and a wholly owned subsidiary of Parent ("Partners Trust" and, together with Trust Company (as defined below) "Seller") and Chemung Canal Trust Company, a New York State bank and trust company ("Purchaser"), and is to be joined by Partners Limited Trust Co., a New York State limited trust company to be formed as a wholly owned subsidiary of Parent ("Trust Company").
