KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • December 17th, 2014 • Poage Bankshares, Inc. • Savings institution, federally chartered
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Commonwealth Bank, FSB, Mt. Sterling, Kentucky (hereinafter referred to as “Commonwealth”), relating to the mutual to stock conversion of Commonwealth and subsequent merger with Town Square Bank, Ashland, Kentucky. KELLER will provide a pro forma valuation of the market value of the shares of Commonwealth to be sold in connection with the conversion/merger transaction.
AGREEMENT AND PLAN OF CONVERSION MERGERAgreement and Plan of Conversion Merger • December 17th, 2014 • Poage Bankshares, Inc. • Savings institution, federally chartered • Kentucky
This Agreement and Plan of Conversion Merger (“Agreement”) is entered into as of this 9th day of September 2014, by and among Poage Bankshares, Inc. (“Poage”), a Maryland corporation, Town Square Bank (“Town”), a federal stock savings association and the wholly-owned subsidiary of Poage, and Commonwealth Bank, F.S.B. (“Commonwealth”), a federal mutual savings association.
