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Stock impact report

Fidelity D & D Bancorp, Inc. Announces Completion of the Acquisition of MNB Corporation

Fidelity D & D Bancorp, Inc. (FDBC) 
NASDAQ:AMEX Investor Relations: fidelity.com
Company Research Source: GlobeNewswire
DUNMORE, Pa., May 01, 2020 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (“Fidelity”), the parent bank holding company of The Fidelity Deposit and Discount Bank (“Fidelity Bank”), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announced the completion of the acquisition of  MNB Corporation (OTCPink: MNBC) (“MNB”) and its wholly-owned subsidiary, Merchants Bank of Bangor effective May 1, 2020. Under the terms of the Reorganization Agreement, MNB stockholders received 1.039 shares of Fidelity common stock for each share of MNB common stock that they owned as of the effective date. As a result, Fidelity issued approximately 1,177,055 shares of its common stock and cash in exchange for fractional shares based upon $43.767 determined market share price of Fidelity common stock in accordance with the Reorganization Agreement. In addition, pursuant to the Reorganization Agreement, HelenBeth Garofalo Vi Show less Read more
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