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8 July 2014 - Pennsylvania US-based bank holding company GNB Financial Services Inc (OTC: GNBF) and bank holding companyFNBM Financial Corp have announced the execution of an agreement and plan of merger pursuant to which FNBM will merge with and into GNB and FNB Minersville will merge with and into Gratz Bank.
FNBM is the approximately USD 81m holding company of FNB Minersville, a national banking association headquartered in Minersville, Pennsylvania, with one location located in Minersville, Pennsylvania.
Under the terms of the agreement, Edentify said it would incorporate its proprietary IDAlert[TM] identity fraud-monitoring software into FNBM's four-service--education, monitoring, insurance and recovery--identity theft-protection program.
The partnership brings Edentify's technology to FNBM's client financial institutions nationwide.
The ratings draw strength from the implicit support of National Bank of Pakistan (NBP) which owns National Bank Modaraba Management Company Limited; the management company of FNBM. In addition to name sharing, credit lines and term loans have also been made available from NBP.
served as financial advisor and issued a fairness opinion to FNBM and Rhoads and Sinon LLP served as legal counsel.
(OTCQB: GNBF), the Gratz, PA-based holding company for The Gratz Bank, has announced the completion of its acquisition of FNBM Financial Corporation, Minersville, PA, through the merger of FNBM with and into GNB.
FNBM is managed by National Bank Modaraba Management Company Ltd, which is a wholly-owned subsidiary of National Bank of Pakistan (KAR:NBP), or NBP.
The holding company for the Gratz Bank, GNB Financial Services Inc (OTCQB: GNBF) declared on Saturday that it closed its acquisition of FNBM Financial Corporation, Minersville, Pennsylvania with the merger of FNBM with and into GNB.
(GNB) (OTC: GNBF.PK), the bank holding company of The Gratz Bank, and FNBM Financial Corporation, (FNBM), the bank holding company of The First National Bank of Minersville, have announced the execution of an agreement and plan of merger, under which FNBM will merge with and into GNB, and FNB Minersville will merge with and into Gratz Bank.
4 July 2014 - US bank holding company FNBM Financial Corp (OTCMKTS:FNMN), parent of the First National Bank of Minersville (FNB Minersville), has agreed to merge with local peer GNB Financial Services Inc (OTCMKTS:GNBF), the parties said in a joint statement.
M2 EQUITYBITES-July 4, 2014-GNB Financial signs agreement to acquire FNBM Financial Corporation
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