Notable Mergers and Acquisitions of the Day 12/28: TOBC/FCEC, ON...

Courtesy StreetInsider.com News Articles  Mon, 12/28/2009 - 09:03
  • Tower Bancorp, Inc. (NASDAQ: TOBC) and First Chester County Corporation (NASDAQ: FCEC) today jointly announced the signing of a definitive merger agreement pursuant to which Tower will acquire First Chester in an all-stock transaction valued at approximately $65 million or $10.22 per share.

    The transaction, approved by the boards of directors of both companies, further broadens the geographic markets of Tower Bancorp into demographically attractive and contiguous markets predominantly located in the Pennsylvania counties of Chester and Delaware.

    This transaction...
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