Wednesday, May 16, 2007

UPDATE 1-Harleysville National to buy East Penn Financial

(Reuters) - East Penn Financial's East Penn Bank unit offers deposit and lending services throughout the Lehigh Valley, Pennsylvania, and the acquisition will help extend Harleysville National's franchise in the area, the companies said.

The actual deal value will depend on factors such as the price of Harleysville stock but will not be less than $13.52 a share or more than $15.48 a share, they said in a statement.


Read more at Reuters.com Mergers News

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