##### 



Exhibit 2.4
 AGREEMENT AND PLAN OF MERGER
 THIS AGREEMENT AND PLAN OF MERGER st
 R E C I T A L S :
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS
 NOW, THEREFORE,
 ARTICLE I  The Merger
 Section 1.01




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Section 1.02
 Section 1.03
 Section 1.04 Attachment A
 Section 1.05
 Section 1.06 Attachment A
 Attachment B
 Section 1.08
 Name
    
    AddressSteven D. VanDemark
    
    2041 Willow Bay Drive
Defiance, Ohio 43512Thomas A. Buis
    
    1474 Township Road 243
Fostoria, Ohio 44830Thomas M. Callan
    
    1390 Ironwood Court
Defiance, Ohio 43512John R. Compo
    
    106 Washington Avenue
Defiance, Ohio 43512John Fahl
    
    1811 Windsor Place
Findlay, Ohio 45840Robert A. Fawcett, Jr.
    
    172 Eastowne Drive
Ottawa, Ohio 45875Richard L. Hardgrove
    
    4851 Lantern Hill Circle N.W.
Canton, Ohio 44718Kenneth A. Joyce
    
    401 Clinton Street
Defiance, Ohio 43512
 -2-




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Name
    
    AddressRita A. Kissner
    
    138 Biede Place
Defiance, Ohio 43512Thomas L. Sauer
    
    1010 East River Drive
Defiance, Ohio 43512J. Michael Walz, D.D.S.
    
    1643 Hampton Avenue
Defiance, Ohio 43512Mark A. Klein
    
    401 Clinton Street
Defiance, Ohio 43512
 Section 1.09
 ARTICLE 2  Conversion and Cancellation of Shares
 Section 2.01
 (a)
    
    Each share of common stock of Exchange Bank that is issued and
outstanding immediately prior to the Effective Time shall be extinguished and
cease to exist, and shall not be converted into shares of the Surviving Bank or
the right to receive cash or any other property;(b)
    
    Each share of common stock of Reliance that is issued and
outstanding immediately prior to the Effective Time shall be extinguished and
cease to exist, and shall not be converted into shares of the Surviving Bank or
the right to receive cash or any other property; and(b)
    
    Each share of common stock of State Bank that is issued and
outstanding immediately prior to the Effective Time shall remain issued and
outstanding after the Effective Time and shall constitute one share of common
stock of the Surviving Bank.
 ARTICLE III  Effects of the Merger
 Section 3.01
 -3-




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Section 3.02
 Section 3.03
 Section 3.04
 Section 3.05
 Section 3.06
 ARTICLE IV  Effective Time
 Section 4.01
 -4-




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ARTICLE V  Miscellaneous
 Section 5.01
 Section 5.02
 Section 5.03
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
 -5-




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ATTEST:
    
    
    
    THE STATE BANK AND TRUST COMPANYBy: 
Name:

    /s/ Valda L. Colbart
 Valda
L. Colbart
    
    
    
    By:
Name:

    /s/ Mark A. Klein
 Mark
A. KleinTitle:

    Executive Assistant
    
    
    
    Title:

    President and CEOATTEST:
    
    
    
    THE EXCHANGE BANKBy: 
Name:

    /s/ Valda L. Colbart
 Valda
L. Colbart
    
    
    
    By:
Name:

    /s/ Henry R. Thiemann
 Henry
R. ThiemannTitle:

    Executive Assistant
    
    
    
    Title:

    President and CEOATTEST:
    
    
    
    RELIANCE FINANCIAL SERVICES, N.A.By: 
Name:

    /s/ Valda L. Colbart
 Valda
L. Colbart
    
    
    
    By:
Name:

    /s/ Craig A. Kuhlman
 Craig
A. KuhlmanTitle:

    Executive Assistant
    
    
    
    Title:

    President and CEO
 -6-




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ATTACHMENT A
 Articles of Incorporation
 See attached.




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ATTACHMENT B
 Code of Regulations
 See attached.




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Section 1.01. Annual Meetings
    
    
    1Section 1.02. Calling of Meetings
    
    
    1Section 1.03. Place of Meetings
    
    
    1Section 1.04. Notice of Meetings
    
    
    1Section 1.05. Waiver of Notice
    
    
    3Section 1.06. Quorum
    
    
    3Section 1.07. Votes Required
    
    
    3Section 1.08. Order of Business
    
    
    3Section 1.09. Shareholders Entitled to Vote
    
    
    4Section 1.10. Proxies
    
    
    4Section 1.11. Inspectors of Election
    
    
    4ARTICLE TWO
           DIRECTORSSection 2.01. Authority and Qualifications
    
    
    5Section 2.02. Number of Directors and Term of Office
    
    
    6Section 2.03. Election and Oath of Office
    
    
    6Section 2.04. Removal
    
    
    7Section 2.05. Vacancies
    
    
    7Section 2.06. Meetings
    
    
    8Section 2.07. Notice of Meetings
    
    
    8Section 2.08. Waiver of Notice
    
    
    9Section 2.09. Quorum
    
    
    9Section 2.10. Executive Committee
    
    
    10Section 2.11. Compensation
    
    
    11Section 2.12. By-Laws
    
    
    11




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Section 3.01. Officers
    
    
    11Section 3.02. Tenure of Office
    
    
    12Section 3.03. Duties of the Chairman of the Board
    
    
    12Section 3.04. Duties of the President
    
    
    12Section 3.05. Duties of the Vice Presidents
    
    
    12Section 3.06. Duties of the Secretary
    
    
    13Section 3.07. Duties of the Treasurer
    
    
    13Section 3.08. Bond
    
    
    14ARTICLE FOUR
           SHARESSection 4.01. Certificates
    
    
    14Section 4.02. Transfers
    
    
    14Section 4.03. Transfer Agents and Registrars
    
    
    15Section 4.04. Lost, Wrongfully Taken or Destroyed Certificates
    
    
    15Section 4.05. Uncertificated Shares
    
    
    16ARTICLE FIVE
           INDEMNIFICATION AND INSURANCESection 5.01. Indemnification
    
    
    16Section 5.02. Court-Approved Indemnification
    
    
    17Section 5.03. Indemnification for Expenses
    
    
    18Section 5.04. Determination Required
    
    
    18Section 5.05. Advances for Expenses
    
    
    20Section 5.06. Article Five Not Exclusive
    
    
    20Section 5.07. Insurance
    
    
    21Section 5.08. Certain Definitions
    
    
    21Section 5.09. Venue
    
    
    22ARTICLE SIX
           MISCELLANEOUSSection 6.01. Amendments
    
    
    22Section 6.02. Action by Shareholders or Directors Without a Meeting
    
    
    23
 ii




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Section 1.01. Annual Meetings
 Section 1.02. Calling of Meetings
 Section 1.03. Place of Meetings
 Section 1.04. Notice of Meetings




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2




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Section 1.05. Waiver of Notice
 Section 1.06. Quorum
 Section 1.07. Votes Required
 Section 1.08. Order of Business
 3




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Section 1.09. Shareholders Entitled to Vote
 Section 1.10. Proxies
 Section 1.11. Inspectors of Election
 4




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Section 2.01. Authority and Qualifications
    5




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Section 2.02. Number of Directors and Term of Office
     Section 2.03. Election and Oath of Office
  6




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Section 2.04. Removal
  Section 2.05. Vacancies
 7




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Section 2.06. Meetings
    Section 2.07. Notice of Meetings
 8




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(A)
    
    In a writing mailed not less than three days before
such meeting and addressed to the residence or usual place of business of a
director, as such address appears on the records of the corporation; or(B)
    
    By telegraph, cable, radio, wireless, or a writing sent
or delivered to the residence or usual place of business of a director as
the same appears on the records of the corporation, not later than the day
before the date on which such meeting is to be held; or(C)
    
    Personally or by telephone not later than the day
before the date on which such meeting is to be held.
  Section 2.08. Waiver of Notice
 Section 2.09. Quorum
 9




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Section 2.10. Executive Committee
   10




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Section 2.11. Compensation
 Section 2.12. By-Laws
   Section 3.01. Officers
 11




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Section 3.02. Tenure of Office
 Section 3.03. Duties of the Chairman of the Board
 Section 3.04. Duties of the President
 Section 3.05. Duties of the Vice Presidents
 12




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Section 3.06. Duties of the Secretary
 Section 3.07. Duties of the Treasurer
  13




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Section 3.08. Bond
   Section 4.01. Certificates
 Section 4.02. Transfers
 14




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Section 4.03. Transfer Agents and Registrars
 Section 4.04. Lost, Wrongfully Taken or Destroyed Certificates
   15




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Section 4.05. Uncertificated Shares
   Section 5.01. Indemnification
 16




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Section 5.02. Court-Approved Indemnification
  17




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Section 5.03. Indemnification for Expenses
 Section 5.04. Determination Required
 18




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19




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Section 5.05. Advances for Expenses
 Section 5.06. Article Five Not Exclusive
 20




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Section 5.07. Insurance
 Section 5.08. Certain Definitions
  21




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Section 5.09. Venue
   Section 6.01. Amendments
 22




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Section 6.02. Action by Shareholders or Directors Without a Meeting
 23