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EXHIBIT 2.1
FIRST AMENDMENT TO
AGREEMENT TO MERGE
AND PLAN OF REORGANIZATION
THIS FIRST AMENDMENT TO
THE AGREEMENT TO MERGE AND PLAN OF REORGANIZATION (the
“First Amendment”) is entered into as of
September 4, 2007, between Belvedere SoCal, a company
organized under the laws of California (“SoCal”)
, being located in San Francisco, California, and Spectrum
Bank, a banking company organized under the laws of
California (“ Seller” ),
located in Irvine, California.
WHEREAS , SoCal
and Seller entered into an Agreement to Merge and Plan of
Reorganization dated as of July 13, 2007 (the
“Agreement”);
WHEREAS, SoCal
has concluded that it wishes to maintain Spectrum Bank as a
separate operating subsidiary for a period of time and not
immediately merge it into SoCal Bank;
WHEREAS , the
Parties wish to make a change and an amendment to the
Agreement which they believe to be in the best interest of
their respective shareholders;
NOW, THEREFORE,
in consideration of the premises and mutual
promises
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