AGREEMENT AND PLAN OF MERGER BETWEEN CITIZENS COMMUNITY BANCORP, INC. AND WELLS FINANCIAL CORP. Dated as of March 17, 2017Merger Agreement • March 17th, 2017 • Citizens Community Bancorp Inc. • Savings institution, federally chartered • Minnesota
Defined Term Section 2016 Audited Financial Statements Section 3.5(b) 2016 Financial Statements Section 3.5(b) 2016 Unaudited Financial Statements Section 3.5(b) Acceptable Confidentiality Agreement Section 4.2(a) Acquisition Transaction Section 4.2(e)(i) Actions Section 2.5(a) Affiliate Section 8.10 Agreement Introduction Application Section 8.10 Articles of Merger Section 1.3 Attic Section 1.4(c)(i)(B)(4) Bank Merger Section 1.2 Bank Merger Agreement Section 1.2 Basement Section 1.4(c)(i)(B)(2) BHCA Section 8.10 Burdensome Condition Section 5.5(b) Business Day Section 8.10 Cash Consideration Section 1.4(c)(i)(A) Cause Section 8.10 CCBI Introduction CCBI Articles of Incorporation Section 1.1(c) CCBI Bank Recitals CCBI Bylaws Section 1.9(b)(iii) CCBI Bank Articles of Association Section 1.9(b)(iv) CCBI Closing Price Section 1.4(c)(iii) CCBI Common Stock Section 2.3 CCBI Letter Article II CCBI Loans Section 2.15(a) CCBI Permits Section 2.11 CCBI Plans Section 2.13(a) CCBI SEC Documents
Form of Letter AgreementLetter Agreement • March 17th, 2017 • Citizens Community Bancorp Inc. • Savings institution, federally chartered • Minnesota
LETTER AGREEMENT, dated as of March 17, 2017 (this “Agreement”), by the undersigned director or non-director executive officer (the “Shareholder”) of Wells Financial Corp., a Minnesota corporation (the “Company”), for the benefit of Citizens Community Bancorp, Inc., a Maryland corporation (“CCBI”).
