Deal Snapshot
Norwood Financial, UpState New York Bancorp Win Shareholder Nods for Merger
Thursday 28 May 2020

Shareholders of Pennsylvania, US-based bank holding company Norwood Financial Corp (NASDAQ: NWFL) and New York, US-based UpState New York Bancorp, Inc have approved the pending merger of UpState with and into Norwood at separate shareholder meetings held on May 26, the companies said.

On June 9, the companies announced a deal under which od Financial Corp. will acquire UpState in a stock and cash transaction. Based on Norwood's January 8, 2020 closing price of USD 38.93 per share, the transaction is valued at approximately USD 80m.

Date Published: 28/05/2020