AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between CAROLINA BANK HOLDINGS, INC. and FIRST BANCORP June 21, 2016Consulting and Noncompete Agreement • June 23rd, 2016 • Carolina Bank Holdings Inc • State commercial banks • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of June 21, 2016 is by and between First Bancorp, a North Carolina corporation (“FBNC”), and Carolina Bank Holdings, Inc., a North Carolina corporation (“CLBH”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
