A. Any two or more banks may, with the approval of the commissioner, merge one or more of them into another of them as provided in this article.
B. A merger may be effected by any one or by any combination of any two or more or all of the following methods:
(1) By the exchange of shares of capital stock of each merging bank for the shares of capital stock of the receiving bank;
(2) By the exchange of shares of capital stock of each merging bank for the shares of capital stock of a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132);
(3) By the exchange of shares of capital stock of each merging bank for capital notes of the receiving bank;
(4) By the exchange of shares of capital stock of each merging bank for cash received from the receiving bank or from a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132);
(5) By the exchange of shares of capital stock of each merging bank for capital notes of a company as such term is defined in paragraph (3) of section 132 (C. 17:9A-132).