AGREEMENT AND PLAN OF MERGER BY AND AMONG ABC BANCORP THE FIRST BANK OF BRUNSWICK FIRST NATIONAL BANC, INC. FIRST NATIONAL BANK, ST. MARYS, GEORGIA AND FIRST NATIONAL BANK, ORANGE PARK, FLORIDA As of June 30, 2005Merger Agreement • August 9th, 2005 • Abc Bancorp • State commercial banks • Georgia
THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of June 30, 2005, by and among FIRST NATIONAL BANC, INC. (“Target”), a corporation organized and existing under the laws of the State of Georgia, with its principal office located in St. Marys, Georgia, FIRST NATIONAL BANK, ORANGE PARK FLORIDA (“Orange Park”), a national banking association, and FIRST NATIONAL BANK, ST. MARYS GEORGIA (“St. Marys” and, together with Orange Park, the “Target Banks”), a national banking association, on the one hand, and ABC BANCORP (“Purchaser”), a corporation organized and existing under the laws of the State of Georgia, with its principal office located in Moultrie, Georgia, and THE FIRST BANK OF BRUNSWICK (“Purchaser Bank”), a Georgia state-chartered bank, on the other hand. Certain terms used in this Agreement are defined in Section 10.1 hereof.
