Phoenix Bancorp Inc (PXBP) 49.2500 $PXBP
PHOENIX BANCORP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Acquisition by Mid Penn
Business Wire - Thu Aug 28, 10:25AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Phoenix Bancorp, Inc. ("Phoenix"

(Other OTC: PXBP) concerning the acquisition by Mid Penn Bancorp Inc. ("Mid Penn"

. Under the terms of the definitive agreement, valued at approximately $14.5 million, Phoenix shareholders will have the option to receive either 3.167 shares of Mid Penn common stock or $51.60 in cash, subject to an aggregate proration of 80% stock and 20% cash.
Mid Penn Bancorp, Inc. and Phoenix Bancorp, Inc. Announce Agreement to Merge
GlobeNewswire - Wed Aug 27, 3:13PM CDT
Mid Penn Bancorp, Inc. ("Mid Penn"

(Nasdaq:MPB), headquartered in Millersburg, Pennsylvania, and Phoenix Bancorp, Inc. ("Phoenix"

(OTC

XBP), headquartered in Minersville, Pennsylvania, today announced the signing of a definitive merger agreement which calls for Mid Penn to acquire Phoenix in a transaction valued at approximately $14.5 million. The transaction expands Mid Penn's footprint in Schuylkill County and into Luzerne County. On a pro forma basis, the consolidated assets of the combined company will be approximately $875 million.