Harleysville National Corporation, the parent bank holding company of Harleysville National Bank and Trust Company, has announced the completion of its acquisition of East Penn Financial.
Under the terms of the agreement and plan of merger, East Penn Financial has been acquired by HNBC and East Penn Financial’s wholly owned subsidiary, East Penn Bank, a bank offering deposit and lending services throughout, has merged with and into Harleysville National Bank, HNBC’s banking subsidiary (HNB).
As part of the agreement, East Penn Bank continues to operate under the
East Penn name and logo, as a division of HNB.
Paul Geraghty, president and CEO of HNBC, said: We are very excited about the opportunities this partnership brings not only to our customers but also to our employees and communities. I am proud of the way both East Penn and Harleysville team members have been working together. Through their hard work and dedication we have achieved a full system conversion which allows our combined customers to enjoy the benefit of a wide array of financial services delivered seamlessly by friendly, knowledgeable professionals at over 50 locations in eight counties throughout eastern Pennsylvania.
Brent Peters, president and CEO of East Penn Financial, added: Our team is pleased to offer customers expanded product, service and location options while maintaining the same high-quality service and community commitment our bank is known for. We are pleased to be maintaining our entire team of frontline staff, which will allow us to continue to provide exceptional service to our valued customers. Together with our Harleysville teammates we look forward to building and enhancing relationships together throughout our expanded market.