AGREEMENT AND PLAN OF MERGER BY AND AMONG ISLANDS BANCORP ISLANDS COMMUNITY BANK, N.A. AMERIS BANCORP AND AMERICAN BANKING COMPANY As of August 15, 2006Agreement and Plan of Merger • August 17th, 2006 • Ameris Bancorp • State commercial banks • Georgia
Contract Type FiledAugust 17th, 2006 Company Industry JurisdictionTHIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of August 15, 2006, by and among ISLANDS BANCORP (“Target”), a South Carolina corporation, and ISLANDS COMMUNITY BANK, N.A. (“Target Bank”), a national banking association, on the one hand, and AMERIS BANCORP (“Purchaser”), a Georgia corporation, and AMERICAN BANKING COMPANY (“Purchaser Bank”), a Georgia state-chartered bank, on the other hand. Certain terms used in this Agreement are defined in Section 10.1 hereof.