Transactions and Terms of Merger. 2 1.1 Merger..................................................................... 2 1.2 Time and Place of Closing.................................................. 2 1.3
Transactions and Terms of Merger. 1 1.1 Merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1.2 Time and Place of Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1.3
Transactions and Terms of Merger. 2 1.1 Merger. 2 1.2 Time and Place of Closing. 2 1.3 Effective Time. 2
Transactions and Terms of Merger. Section 1.1 Merger 2 Section 1.2 Bank Merger 2 Section 1.3 Closing 2 Section 1.4 Effective Time 2
Transactions and Terms of Merger. 2 1.1 Merger . . . . . . . . . . . . . . . . . . 2 1.2
Transactions and Terms of Merger. 10 1.1 Merger 10 1.2 Time and Place of Closing 10 1.3 Effective Time 10 ARTICLE TWO 10 TERMS OF MERGER 10 2.1 Articles of Incorporation 10 2.2 Bylaws 10 2.3 Directors and Officers 10 ARTICLE THREE 11 MANNER OF CONVERTING SHARES 11 3.1 Conversion of Shares 11 3.2 Anti-Dilution Provisions 12 3.3 Shares Held by Peoples or BancTrust 12 3.4 Dissenting Shareholders 12 3.5 Fractional Shares 13 3.6 Stock Options 13 ARTICLE FOUR 13 EXCHANGE OF SHARES 13 4.1 Exchange Procedures 13 4.2 Rights of Former Peoples Shareholders 14 ARTICLE FIVE 14
Transactions and Terms of Merger. 1 1.1 Merger 1 1.2 Time and Place of Closing 1 1.3 Effective Time 2 ARTICLE 2 TERMS OF MERGER 2 2.1 Charter 2 2.2 Bylaws 2 2.3 Directors and Officers 2
Transactions and Terms of Merger. 2 1.1 MERGER 2 1.2 TIME AND PLACE OF CLOSING 2 1.3 EFFECTIVE TIME 2 ARTICLE 2 TERMS OF MERGER 2 2.1 CERTIFICATE OF INCORPORATION 2 2.2 BYLAWS 2 2.3 DIRECTORS AND OFFICERS 3 ARTICLE 3 MANNER OF CONVERTING SHARES 3 3.1 CONVERSION OF COMPANY COMMON STOCK 3 3.2 CERTAIN ADJUSTMENTS 4 3.3 SHARES HELD BY THE COMPANY, PARENT OR PURCHASER 4 3.4 DISSENTING STOCKHOLDERS 4 3.5 TREATMENT OF OPTIONS AND OTHER EQUITY AWARDS 5 3.6 INTENTIONALLY OMITTED 6 3.7 NO FRACTIONAL SHARES 6 ARTICLE 4 EXCHANGE OF SHARES 6 4.1 AVAILABILITY OF CONSIDERATION 6 4.2 EXCHANGE OF SHARES 6
Transactions and Terms of Merger. 1.1 Merger 1.2 Bank Merger 1.3 Effective Time 1.4 Time and Place of Closing ARTICLE 2 TERMS OF MERGER 2.1 Articles of Incorporation 2.2 Bylaws 2.3 Directors. 2.4 Officers. ARTICLE 3 MANNER OF CONVERTING SHARES 3.1 Conversion of Target Shares 3.2 Cancellation of Stock Options ARTICLE 4 EXCHANGE OF SHARES 4.1 Exchange Procedures 4.2 Rights of Former Target Shareholders ARTICLE 5 REPRESENTATIONS AND WARRANTIES OF TARGET 5.1 Organization, Standing, and Power 5.2 Authority of Target; No Breach By Agreement 5.3 Capital Stock 5.4 Target Subsidiaries 5.5 SEC Filings; Financial Statements 8 5.6 Absence of Undisclosed Liabilities 5.7 Loan Portfolio 5.8 Absence of Certain Changes or Events 5.9 Tax Matters 5.10 Allowance for Possible Loan Losses 11 5.11 Assets 5.12 Intellectual Property 5.13 Environmental Matters 13 5.14 Compliance with Laws 5.15 Labor Relations 5.16 Employee Benefit Plans 5.17 Material Contracts 5.18 Legal Proceedings 5.19 Regulatory Reports 21 5.20 Internal Accounting and Disclosure Controls 21 5.21 Community Reinvestment Act 21 5.22 Privacy of Customer Information 5.23 Technology Systems 22 5.24 Bank Secrecy Act Compliance 5.25 Target Disclosure Memorandum 22 5.26 Board Recommendation 5.27 Brokers ARTICLE 6 REPRESENTATIONS AND WARRANTIES OF PURCHASER 6.1 Organization, Standing and Power 6.2 Authority of Purchaser; No Breach By Agreement 6.3 Capital Stock 6.4 Purchaser Subsidiaries 6.5 Financial Statements 25 6.6 Absence of Undisclosed Liabilities 6.7 Absence of Certain Changes or Events 6.8 Tax Matters 6.9 Compliance with Laws 6.10 Legal Proceedings 6.11 Internal Accounting and Disclosure Controls 29 6.12 Community Reinvestment Act 29 6.13 Board Recommendation 6.14 Brokers 6.15 Loan and Investment Portfolios 6.16 Allowance for Possible Loan Losses 6.17 Regulatory Reports 6.18 Bank Secrecy Act Compliance 30 ARTICLE 7
