CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01
|
Completion of Acquisition or Disposition of Assets |
On March 3, 2017, the Registrant completed the Merger to the
Merger Agreement. As a result of the Merger, the Registrants
separate corporate existence ceased and FBNC continued as the
surviving corporation.
The disclosure set forth in the Introductory Note is incorporated
herein by reference.
| Item 5.01 | Changes in Control of Registrant |
The disclosure set forth in the Introductory Note is incorporated
herein by reference.
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
The directors of FBNC in office immediately prior to the Merger
will serve as directors of the surviving corporation. In
addition, FBNC has appointed Donald H. Allred and Abby Donnelly,
each of whom was a member of the Registrants board of directors,
to the board of directors of the surviving corporation.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit Number | Description of Exhibit | |
| 2.1 |
Agreement and Plan of Merger and Reorganization, dated as of June 21, 2016, by and among the Registrant and First Bancorp (incorporated herein by reference to Exhibit 2.1 to the Registrants Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 21, 2016) |
About CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH)
Carolina Bank Holdings, Inc. is a bank holding company of the Carolina Bank (the Bank). The Bank engages in a general banking business in Guilford, Alamance, Randolph and Forsyth Counties, North Carolina. The Company operates through three segments: the Commercial/Retail Bank, the Mortgage Banking Division and the Holding Company. The Bank’s operations are commercially oriented and directed to individuals and small to medium-sized businesses located in its market area and its deposits and loans are derived from customers in its geographic market. It provides commercial and consumer banking services, including personal and commercial checking and savings accounts, money market accounts, individual retirement accounts and related business and individual banking services. It offers loans, which include construction and development loans, commercial real estate loans, home equity lines, residential real estate loans, commercial and industrial loans, and consumer and other loans. CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) Recent Trading Information
CAROLINA BANK HOLDINGS, INC. (NASDAQ:CLBH) closed its last trading session up +0.11 at 27.99 with 7,696 shares trading hands.
