AGREEMENT AND PLAN OF MERGER By and Among EAST BOSTON SAVINGS BANK, MERIDIAN INTERSTATE BANCORP, INC., MERIDIAN FINANCIAL SERVICES, INCORPORATED And MT. WASHINGTON COOPERATIVE BANK Dated as of July 20, 2009Agreement and Plan of Merger • July 24th, 2009 • Meridian Interstate Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of July 20, 2009, is by and between (i) East Boston Savings Bank, a Massachusetts savings bank with its principal executive offices located at 10 Meridian Street, East Boston, Massachusetts 02128, Meridian Interstate Bancorp, Inc., a Massachusetts corporation (“Meridian Bancorp”), Meridian Financial Services, Incorporated, a Massachusetts mutual holding company (“Meridian MHC”), and (ii) Mt. Washington Cooperative Bank, a Massachusetts cooperative bank (“MWCB”). Each of East Boston Savings Bank, Meridian Bancorp, Meridian MHC and MWCB is sometimes individually referred to herein as a “party,” and East Boston Savings Bank, Meridian Bancorp, Meridian MHC and MWCB are collectively sometimes referred to as the “parties.”
