Delaware Bancshares (DBAI) 16.7600 $DBAI
Norwood Financial Corp. Completes Acquisition Of Delaware Bancshares, Inc.
GlobeNewswire - Mon Aug 01, 8:30AM CDT
Norwood Financial Corp. (NASDAQ:NWFL) ("Norwood"
, the holding company for Wayne Bank, announced today that that it had completed its acquisition of Delaware Bancshares, Inc. ("Delaware" and its wholly-owned subsidiary, NBDC Bank effective as of July 31, 2016. NBDC Bank has been merged into Wayne Bank. At their election, Delaware shareholders are receiving either $16.68 in cash or 0.6221 shares of Norwood common stock for each share of Delaware common stock held subject to the allocation and proration procedures set forth in the Merger Agreement. All Delaware shareholders who elected to receive stock will receive stock, and all Delaware shareholders who elected to receive cash will receive cash. Delaware shareholders who did not make a valid election will receive the cash consideration of $16.68 per share for approximately 35.5% of their Delaware shares and the stock consideration of 0.6221 shares of Norwood common stock for approximately 64.5% of their Delaware shares. In lieu of fractional shares of Norwood common stock, Delaware shareholders will receive cash at the rate of $27.99 per share of Norwood common stock. Shareholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration to which they are entitled.
NWFL: 28.11 (-0.09)
Norwood Financial Corp. Announces Receipt of Regulatory Approvals for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jun 22, 10:00AM CDT
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank headquartered in Honesdale, Pennsylvania, announced that it had received final regulatory approvals for its proposed acquisition of Delaware Bancshares, Inc. and its wholly owned subsidiary, The National Bank of Delaware County. Subject to the satisfaction of various closing conditions including the approval of the merger by Delaware's shareholders at a special meeting to be held on June 24, 2016, the closing for the acquisition remains on track for the third quarter.
NWFL: 28.11 (-0.09)
Norwood Financial Corp. to Acquire Delaware Bancshares, Inc.
GlobeNewswire - Thu Mar 10, 3:29PM CST
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank, Honesdale, Pennsylvania and Delaware Bancshares, Inc. (OTCPK
BAI), the holding company for NBDC Bank, Walton, New York, jointly announced today the signing of a definitive merger agreement pursuant to which Norwood Financial Corp. will acquire Delaware Bancshares, Inc. in a stock and cash transaction. The transaction will extend Norwood Financial Corp.'s footprint into neighboring Sullivan and Delaware Counties, New York. The combined company will have over $1.0 billion in assets and 27 offices throughout four counties in Northeastern Pennsylvania and two neighboring counties in Southwestern New York.
NWFL: 28.11 (-0.09)
Norwood Financial Corp. Completes Acquisition Of Delaware Bancshares, Inc.
GlobeNewswire - Mon Aug 01, 8:30AM CDT
Norwood Financial Corp. (NASDAQ:NWFL) ("Norwood"
, the holding company for Wayne Bank, announced today that that it had completed its acquisition of Delaware Bancshares, Inc. ("Delaware" and its wholly-owned subsidiary, NBDC Bank effective as of July 31, 2016. NBDC Bank has been merged into Wayne Bank. At their election, Delaware shareholders are receiving either $16.68 in cash or 0.6221 shares of Norwood common stock for each share of Delaware common stock held subject to the allocation and proration procedures set forth in the Merger Agreement. All Delaware shareholders who elected to receive stock will receive stock, and all Delaware shareholders who elected to receive cash will receive cash. Delaware shareholders who did not make a valid election will receive the cash consideration of $16.68 per share for approximately 35.5% of their Delaware shares and the stock consideration of 0.6221 shares of Norwood common stock for approximately 64.5% of their Delaware shares. In lieu of fractional shares of Norwood common stock, Delaware shareholders will receive cash at the rate of $27.99 per share of Norwood common stock. Shareholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration to which they are entitled. NWFL: 28.11 (-0.09)
Norwood Financial Corp. Announces Receipt of Regulatory Approvals for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jun 22, 10:00AM CDT
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank headquartered in Honesdale, Pennsylvania, announced that it had received final regulatory approvals for its proposed acquisition of Delaware Bancshares, Inc. and its wholly owned subsidiary, The National Bank of Delaware County. Subject to the satisfaction of various closing conditions including the approval of the merger by Delaware's shareholders at a special meeting to be held on June 24, 2016, the closing for the acquisition remains on track for the third quarter.
NWFL: 28.11 (-0.09)
Norwood Financial Corp. to Acquire Delaware Bancshares, Inc.
GlobeNewswire - Thu Mar 10, 3:29PM CST
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank, Honesdale, Pennsylvania and Delaware Bancshares, Inc. (OTCPK
BAI), the holding company for NBDC Bank, Walton, New York, jointly announced today the signing of a definitive merger agreement pursuant to which Norwood Financial Corp. will acquire Delaware Bancshares, Inc. in a stock and cash transaction. The transaction will extend Norwood Financial Corp.'s footprint into neighboring Sullivan and Delaware Counties, New York. The combined company will have over $1.0 billion in assets and 27 offices throughout four counties in Northeastern Pennsylvania and two neighboring counties in Southwestern New York. NWFL: 28.11 (-0.09)
