Cab Financial Corp. (fka CABF)

[Agent13]

Merger link and share Structure
http://ih.advfn.com/p.php?pid=nmona&article=61749469&symbol=CRLN
Market Value1 $20,930,060 a/o Apr 04, 2014
Shares Outstanding 2,506,594 a/o Sep 30, 2013
Float 2,000,000 a/o Sep 30, 2013
Authorized Shares 10,000,000 a/o Sep 30, 2013

SPARTANBURG, S.C., Apr 07, 2014 (BUSINESS WIRE) -- Carolina Alliance Bank ("CAB") (OTCBB:CRLN and OTCQB:CRLN) and Forest Commercial Bank ("FCB") jointly announced today that the previously announced merger of the two banks was completed on April 5, 2014 after receiving all shareholder and regulatory approvals. Today the Forest Commercial offices in Asheville and Hendersonville and its loan production office in Charlotte opened as offices of Carolina Alliance Bank.

Upon completion of the merger, FCB shareholders received 0.755 newly issued shares of CAB in exchange for each outstanding FCB share and own approximately 40% of the Bank. The Bank's total assets now stand at approximately $400 million.