East Penn Financial Acquired by Harleysville National for $85 Million
November 16, 2007
Blank Rome assisted East Penn Financial Corporation in its acquisition by Harleysville National Corporation (NASDAQ: HNBC). Under the transaction, East Penn Financial has merged with and into a wholly-owned subsidiary of Harleysville National Corporation. As part of the agreement, East Penn continues to operate under the East Penn name and logo, as a division of Harleysville.
The deal, valued at approximately $85 million, closed on November 16, 2007.
Harleysville National Corporation has assets in excess of $3 billion and operates over 44 banking offices in 8 counties throughout Eastern Pennsylvania through its wholly-owned subsidiary, Harleysville National Bank .