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As of October 31, 2016, Thurston First Bank and Commencement Bank consolidated banking charters through a merger-of-equals approved by the appropriate regulatory agencies and the shareholders of Thurston First Bank and Commencement Bank. As defined in the Agreement and Plan of Reorganization dated July 8, 2016, Thurston First Bank shareholders will receive 0.9024 shares of Commencement Bank stock in exchange for every one share of Thurston First Bank stock. Fractional shares will be paid to shareholders in the form of a check. The delivery of your Commencement Bank stock certificate and payment of fractional shares will be managed by Transfer Online, Inc.
The exchange of your Thurston First Bank certificate is required to receive your new stock certificate and payment of fractional shares. A Letter of Transmittal was recently mailed to all Thurston First Bank shareholders which includes important information on how to proceed.
Transfer Online, Inc.
512 SE Salmon Street
Portland, OR 97214
For more information regarding Commencement Bank stock, please visit commencementbank.com or contact Rebecca Williamson, Commencement Bank Corporate Secretary, at 253.284.1810.
Thurston First Bank acts as neither agent nor broker in these communications or resulting transactions and makes no representations as to the value of its stock or the relative "fairness" of any asking or offered price. Not FDIC insured. Not a deposit or other obligation of, or guaranteed by, the depository institution. Subject to investment risks, including possible loss of the principal amount invested.