Illinois Agreement and Plan of Merger by Cascade Financial, Cascade Bank, Amfirst Bancorporation, and American First National Bank

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• Control #: US-CC-12-1108B
• Format: Word; Rich Text

Description

12-1108B 12-1108B . . . Agreement and Plan of Merger for series of mergers as follows: first, merger of a corporation (Disappearing Company) with a subsidiary (Surviving Subsidiary) of an unrelated company (Surviving Bank) second, merger of Surviving Subsidiary into Surviving Bank and third, merger of the remaining subsidiary of Disappearing Company into Surviving Bank and the conversion of each share of Disappearing Company common stock into right to receive 1.925 shares of Surviving Bank common stock

The Illinois Agreement and Plan of Merger by Cascade Financial, Cascade Bank, Am first Ban corporation, and American First National Bank is a significant financial transaction that involves the merging of two or more entities. This agreement outlines the terms and conditions under which the merger will take place, including the rights and obligations of each party involved. It is a legally binding document that ensures a smooth transition and integration of the merging institutions. One specific type of Illinois Agreement and Plan of Merger is the "Cascade Financial and Cascade Bank Merger Agreement." This agreement refers to the merging of Cascade Financial and Cascade Bank under the oversight of the Illinois state regulations. It details the allocation of assets, liabilities, and capital structure of the merged institution, along with outlining the management structure and board composition going forward. Another type of Illinois Agreement and Plan of Merger is the "Am first Ban corporation and American First National Bank Merger Agreement." This particular agreement involves the merger of Am first Ban corporation and American First National Bank in compliance with the laws and regulations set by the state of Illinois. It delineates the terms of the transaction, including the exchange ratio of stock, financial adjustments, and the integration process of both institutions. Overall, the Illinois Agreement and Plan of Merger by Cascade Financial, Cascade Bank, Am first Ban corporation, and American First National Bank are pivotal documents that provide a detailed roadmap for merging financial institutions. These agreements ensure a fair and transparent process, protecting the interests of shareholders, employees, and customers involved in the merger.