Agreement and Plan of Bank Merger of FNB Southeast Into Lexington State Bank Sample Contracts

AGREEMENT AND PLAN OF BANK MERGER OF FNB SOUTHEAST INTO LEXINGTON STATE BANK

Agreement and Plan of Bank Merger of FNB Southeast Into Lexington State Bank • February 27th, 2007 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina

• Contract Type
  Agreement and Plan of Bank Merger of FNB Southeast Into Lexington State Bank
• Filed
  February 27th, 2007
• Company
  LSB Bancshares Inc /Nc/
• Industry
  State commercial banks
• Jurisdiction
  North Carolina

This AGREEMENT AND PLAN OF BANK MERGER (the “Bank Agreement”) is made and entered into as of this 26th day of February, 2007 to effect the merger (the “Bank Merger”) of FNB SOUTHEAST with and into LEXINGTON STATE BANK. The terms and conditions of the Bank Merger shall be as follows: