.NB&T Financial Group, Inc. Receives Community National Corporation Shareholder Approval
(PressMethod) - NB&T Financial Group, Inc.("NBTF"), parent company of The National Bank and Trust Company ("NB&T"), Wilmington, Ohio, is pleased to announce that on December 18, 2009, the shareholders of Community National Corporation ("CNC"), parent company of Community National Bank, Franklin, Ohio, approved the merger of CNC with NBTF, according to the terms of the merger agreement dated June 30, 2009, and amended October 12, 2009, between the two companies. The merger is expected to close at year-end, although that target date is not certain.
After the shareholder meeting, management of CNC and NBTF discovered that the "Election Form /Letter of Transmittal" mailed to certain CNC shareholders on or about November 25, 2009, inadvertently was not mailed to many other shareholders. Therefore, in order to ensure that all CNC shareholders have the opportunity to indicate their preference to receive cash, NBTF shares or a combination of cash and NBTF shares, the deadline for submitting the Notice of Election/Letter of Transmittal has been extended for all CNC shareholders. The new election deadline is 4:00 p.m., Central Time, on February 2, 2010. A new Election Form/Letter of Transmittal will be mailed to all CNC shareholders. Any shareholder who has submitted an Election Form/Letter of Transmittal will have the opportunity to change his or her election by submitting a new Election Form/Letter of Transmittal. If a shareholder does not wish to change a previously submitted election, no action needs to be taken. The distribution of the merger consideration to CNC shareholders will be made by NBTF's exchange agent promptly after the new election deadline.
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