AGREEMENT AND PLAN OF MERGER BY AND AMONG ISLANDS BANCORP ISLANDS COMMUNITY BANK, N.A. AMERIS BANCORP AND AMERICAN BANKING COMPANY As of August 15, 2006Agreement and Plan of Merger • August 17th, 2006 • Ameris Bancorp • State commercial banks • Georgia
THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of August 15, 2006, by and among ISLANDS BANCORP (“Target”), a South Carolina corporation, and ISLANDS COMMUNITY BANK, N.A. (“Target Bank”), a national banking association, on the one hand, and AMERIS BANCORP (“Purchaser”), a Georgia corporation, and AMERICAN BANKING COMPANY (“Purchaser Bank”), a Georgia state-chartered bank, on the other hand. Certain terms used in this Agreement are defined in Section 10.1 hereof.
