Brief: Lakeland Bancorp to acquire Harmony Bank

Lakeland Bancorp

18/02/2016 13:58

Feb 18 (Reuters) - Lakeland Bancorp Inc  LBAI.O : 
 * To acquire harmony bank 
 * Transaction is valued at approximately $32.0 million, 
 * Transaction is valued at 12.79 per share 
 * Transaction is expected to be approximately 1% accretive to Lakeland 
   bancorp's earnings per share in 2017 
 * Merger agreement provides shareholders of harmony bank will receive 1.25 
   shares of Lakeland Bancorp for each share of harmony bank 
 * Transaction is expected to be approximately 0.5% dilutive to tangible book 
   value with an estimated earnback in approximately 3.5 years 
 
 * Source text for Eikon  ID:nGNXMMJRYa  
 
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