AGREEMENT AND PLAN OF MERGER by and between HCSB FINANCIAL CORPORATION and UNITED COMMUNITY BANKS, INC. April 19, 2017Merger Agreement • April 21st, 2017 • United Community Banks Inc • State commercial banks • Georgia
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and entered into as of this 19th day of April, 2017, by and between HCSB FINANCIAL CORPORATION, a South Carolina corporation (“Seller” and, unless the context otherwise requires, the term “Seller” shall include Seller and its wholly-owned subsidiary bank, HORRY COUNTY STATE BANK, a South Carolina bank (the “Bank”)), and UNITED COMMUNITY BANKS, INC., a Georgia corporation (“Buyer”).
