A Pennsylvania bank has acquired a local bank that many use in the region. It’s one of the banks that carries the region’s namesake.
Upstate New York Bancorp Inc., operates the Bank of the Finger Lakes, which has locations in Geneva and Penn Yan. Norwood Financial Corp. of Honesdale, Pennsylvania will acquire the banks through a merger.
Norwood will pay approximately $80 million for their part in the transaction.
Norwood says it will have $1.7 billion in assets and 31 offices throughout Pennsylvania and five counties in New York. The name of the bank will not change, and for customers – significant changes should not be expected.
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