Hamilton Bank will be acquired Orrstown Financial Services Inc. in a $58.5 million deal, creating a bank with more than $2 billion in deposits. Shippensburg, Pennsylvania-based Orrstown will pay for the deal with a combination of stock and cash. Shareholders of Towson-based Hamilton Bank will receive 0.54 shares of Orrstown common stock and $4.10 per share in cash for each share of Hamilton common stock. The deal is expected to close in the fourth quarter. Hamilton Bank, led by CEO Robert DeAlmeida,…
from https://www.bizjournals.com/baltimore/news/2018/10/23/hamilton-bank-selling-to-pennsylvania-bank-for-58.html?ana=RSS&s=article_search
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