AGREEMENT AND PLAN OF MERGER By And Between CAROLINA FINANCIAL CORPORATION CBAC, INC. and CONGAREE BANCSHARES, INC. Dated as of January 5, 2016Merger Agreement • January 11th, 2016 • Congaree Bancshares Inc • State commercial banks • South Carolina
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) dated as of January 5, 2016, is by and between Carolina Financial Corporation, a Delaware corporation (“Buyer”), CBAC, Inc. (“Merger Sub”), a South Carolina corporation and wholly-owned subsidiary of Buyer, and Congaree Bancshares, Inc., a South Carolina corporation (“Seller”). Except as otherwise set forth herein, capitalized and certain other terms used herein shall have the meanings set forth in Section 10.1 of this Agreement.
