CCFNB Bancorp and Muncy Bank Financial Announce Shareholder Approval for Merger

CCFNB Bancorp, Inc. and Muncy Bank Financial, Inc. have announced that their respective shareholders have approved the merger of Muncy Bank Financial with and into CCFNB. The merger will result in CCFNB becoming the surviving corporation. The approval from shareholders marks a significant milestone in the strategic partnership between the two banks.

Lance O. Diehl, President and CEO of CCFNB, expressed gratitude for the strong support from shareholders in approving the merger. Diehl highlighted that the partnership will create a leading community banking franchise in central Pennsylvania. By combining their shared community banking traditions, the merged entity aims to provide greater strength, size, and stability to serve the local communities. Diehl also emphasized that the merger will generate greater profitability and returns for shareholders.

Robert J. Glunk, Chairman, President, and CEO of MBF, expressed excitement about the future of the combined company. Glunk stated that the merger brings them one step closer to creating a partnership that will benefit all stakeholders and the communities they serve.

CCFNB Bancorp, Inc. is a registered financial holding company headquartered in Bloomsburg, Pennsylvania. It operates through its subsidiary, First Columbia Bank & Trust Co., which offers a full line of personal, business, and municipal financial services. With 12 offices located across several counties, the bank serves a wide market area.

Muncy Bank Financial, Inc. is the bank holding company for The Muncy Bank and Trust Company. The bank serves customers through its retail banking, commercial banking, and financial services divisions. With ten offices located in various communities, Muncy Bank aims to provide comprehensive banking solutions.

The closing of the proposed merger is subject to customary closing conditions. Both CCFNB and MBF will work towards meeting these conditions to finalize the merger.

Please note that this article contains forward-looking statements, and readers should exercise caution when relying on them. The actual results may differ from the statements due to various factors beyond the control of CCFNB and MBF.

For additional information about the proposed merger, interested parties can refer to the registration statement filed by CCFNB with the U.S. Securities and Exchange Commission (SEC). Copies of the relevant documents can be accessed on the SEC’s website or the respective banks’ investor relations sections on their websites.

No securities offering is being made through this communication, and any offering will comply with applicable laws and regulations.

Source: Business Wire