AGREEMENT AND PLAN OF MERGER AND REORGANIZATION By and Between ASB BANCORP, INC. And FIRST BANCORP May 1, 2017Agreement and Plan of Merger and Reorganization • May 1st, 2017 • ASB Bancorp Inc • Savings institution, federally chartered • North Carolina
THIS AGREEMENT AND PLAN OF MERGER AND REORGANIZATION (this “Agreement”) dated as of May 1, 2017, is by and between First Bancorp, a North Carolina corporation (“Buyer”), and ASB Bancorp, Inc., a North Carolina corporation (“ASBB”). Capitalized terms used in this Agreement but not defined elsewhere herein shall have the meanings assigned to them in Section 10.1 hereof.
