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Company Description (as filed with the SEC)
On October 21, 2013, Poage Bankshares, Inc. and its subsidiary, Home Federal Savings and Loan Association (“Home Federal”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Town Square Financial Corporation (“Town Square Financial”) and its subsidiary, Town Square Bank. Pursuant to the Merger Agreement, the Company will incorporate a subsidiary known as Poage Merger Subsidiary, Inc. (“Poage Merger Subsidiary”) to be merged with and into Town Square Financial, with Town Square Financial as the surviving entity. Immediately following the merger, Town Square Financial will be merged with and into Poage Bankshares, Inc., with Poage Bankshares, Inc. as the surviving entity and Town Square Bank will be merged with and into Home Federal, with Home Federal as the surviving entity. In this Annual Report on Form 10-K, we refer to these transactions collectively as the “Merger. ... More ...