Conestoga Bancorp, Inc. Announces Closing of Merger with PSB Bancorp, Inc.
03 4월 2007 - 4:51AM
PR Newswire (US)
CHESTER SPRINGS, Pa., April 2 /PRNewswire-FirstCall/ -- Conestoga
Bancorp, Inc., the holding company for Conestoga Bank, announced
today that it has completed its acquisition of PSB Bancorp, Inc.
(NASDAQ:PSBI), the holding company for First Penn Bank. Shares of
PSB Bancorp common stock have ceased trading on the NASDAQ Global
Market, and the former shareholders of PSB Bancorp are entitled to
receive a price per share of $16.72 in cash as a result of the
transaction. Registrar and Transfer Company will be contacting each
former shareholder of PSB Bancorp regarding the procedures to be
followed in order to receive the merger consideration. Conestoga is
a private bank holding company that owns all the capital stock of
Conestoga Bank and First Penn Bank. Following completion of the
acquisition of PSB, Conestoga has total assets in excess of $600
million and operates 14 branches in the greater Philadelphia area.
DATASOURCE: Conestoga Bancorp, Inc. CONTACT: Richard A. Elko,
President and Chief Executive Officer, of Conestoga Bancorp, Inc.,
+1-610-321-6902 Web site: http://www.firstpennbank.com/
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