Brief: Fidelity D&D Bancorp Inc To Acquire Landmark Bancorp Inc

Landmark Bancorp

26/02/2021 14:49

Feb 26 (Reuters) - Fidelity D&D Bancorp Inc  FDBC.O :
    * FIDELITY D & D BANCORP, INC. TO ACQUIRE LANDMARK BANCORP,
INC.
    * FIDELITY D&D BANCORP INC - COMBINED COMPANY WOULD HAVE PRO
FORMA
TOTAL ASSETS OF APPROXIMATELY $2.05 BILLION
    * FIDELITY D&D BANCORP INC - TRANSACTION IS VALUED AT $43.4
MILLION OR $18.22 PER SHARE
    * FIDELITY D&D BANCORP - LANDMARK SHAREHOLDERS WILL RECEIVE
0.272
SHARES OF FIDELITY COMMON STOCK, $3.26 IN CASH FOR EACH SHARE OF
LANDMARK COMMON STOCK
    * FIDELITY D&D BANCORP INC -  COMBINED COMPANY WOULD HAVE
PRO
FORMA TOTAL DEPOSITS OF ABOUT $1.8 BILLION, AND LOANS OF ABOUT
$1.4 BILLION
    * FIDELITY D&D BANCORP INC - ONCE MERGER IS COMPLETE,
FIDELITY
WILL HAVE 25 RETAIL COMMUNITY BANKING OFFICES IN NORTHEAST AND
EASTERN PENNSYLVANIA
    * FIDELITY D&D BANCORP INC - ONE DIRECTOR FROM LANDMARK WILL
JOIN
BOARDS OF FIDELITY AND FIDELITY BANK, RESPECTIVELY
    * FIDELITY D&D BANCORP INC -  LANDMARK BANCORP, INC. WILL BE
MERGED WITH AND INTO A FIDELITY ACQUISITION SUBSIDIARY
    * FIDELITY D&D BANCORP INC - LANDMARK COMMUNITY BANK,
LANDMARK'S
WHOLLY-OWNED SUBSIDIARY BANK, WILL MERGE WITH AND INTO FIDELITY
BANK

Source text for Eikon:  ID:nGNXbc7M1B 
Further company coverage:  FDBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))