Harleysville National Corporation Shareholders Approve Merger with First Niagara
25 1월 2010 - 11:28PM
Business Wire
Shareholders of Harleysville National Corporation (NASDAQ: HNBC)
voted overwhelmingly on January 22, 2010 to approve the merger with
First Niagara Financial Group, Inc. (NASDAQ: FNFG). More than 97
percent of the votes cast and 76 percent of shares outstanding were
voted in favor of the transaction.
The approval of Harleysville shareholders represents a
significant step in the merger process. Pending regulatory
approval, the merger is expected to close in the first quarter of
2010.
“We thank Harleysville shareholders for their strong support of
our merger with First Niagara,” says Paul D. Geraghty, President
and Chief Executive Officer of Harleysville National Corporation.
“In approving the transaction, our shareholders recognized that
First Niagara’s strong balance sheet, consistent profitability,
acquisition track record and experienced integration teams will
clearly help our franchise build on its strong presence in the
Philadelphia area.”
On a pro forma basis, the transaction is expected to create a
regional financial institution with $19.3 billion of assets and a
254-branch network that stretches from Upstate New York through
Philadelphia and west to Pittsburgh.
Forward Looking Statements
Except for historical information, all other information in this
filing consists of forward-looking statements. These
forward-looking statements involve a number of risks, uncertainties
and other factors that may cause actual results to be materially
different from those expressed or implied in the forward-looking
statements. Important factors that could cause the statements made
to differ include that the transaction is subject to a number of
conditions and approvals, including regulatory approvals, the
receipt of which are required to close the merger. Other important
factors are discussed under the caption “Forward-Looking
Statements” in the Company’s Form 10-K Annual Report for the year
ended December 31, 2008 and in subsequent filings made prior
to or after the date hereof.
The proposed merger transaction involving Harleysville National
Corporation and First Niagara Financial Group, Inc. was submitted
to Harleysville National Corporation’s shareholders for their
consideration. In connection with the proposed merger transaction,
Harleysville National Corporation has filed with the SEC a proxy
statement/prospectus for the shareholders of Harleysville National
Corporation, and Harleysville National Corporation may be filing
other documents with the SEC regarding the proposed merger
transaction. Shareholders are encouraged to read the proxy
statement/prospectus regarding the proposed merger transaction
because it contains important information. Shareholders may
obtain a free copy of the proxy statement/prospectus, as well as
other filings containing information about Harleysville National
Corporation and First Niagara Financial Group, Inc., without
charge, at the SEC’s Internet site (http://www.sec.gov). Copies of the
proxy statement/prospectus and the filings with the SEC that will
be incorporated by reference in the proxy statement/prospectus may
also be obtained, without charge, by directing a request to
Harleysville National Corporation, Attn: Shareholder Services, 483
Main Street, P.O. Box 195, Harleysville, PA 19438-0195, (215)
256-8851 or (800) 423-3955
Harleysville National Corporation, First Niagara Financial
Group, Inc., their respective directors and executive officers and
other persons may be deemed to be participants in the solicitation
of proxies in respect of the proposed transaction. Information
regarding Harleysville National Corporation’s directors and
executive officers is available in its Annual Report on Form 10-K
for the year ended December 31, 2008, which was filed with the
Securities and Exchange Commission on March 13, 2009, and its
notice of annual meeting and proxy circular for its most recent
annual meeting, which was filed with the Securities and Exchange
Commission on March 24, 2009. Information regarding First
Niagara Financial Group, Inc.’s directors and executive officers is
available in First Niagara Financial Group, Inc.’s proxy statement
for its most recent annual meeting, which was filed with the
Securities and Exchange Commission on March 24, 2009. Other
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by
security holdings or otherwise, are contained in the proxy
statement/prospectus filed with the SEC.
Harleysville Natl Corp Pa (MM) (NASDAQ:HNBC)
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