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Thursday, November 12, 2015

Shareholders Approve First National Bank of Port Allegany Merger Into Juniata Valley Financial Corporation


FNBPA Bancorp, Inc., (FNBPA) held a special shareholder meeting on Wednesday, Nov. 4th to vote on the merger agreement dated June 26, 2015 between Juniata Valley Financial Corp, (JUVF) and FNBPA, which provides for the merger of FNBPA with and into JUVF. In connection with the merger, First National Bank of Port Allegany, the wholly-owned subsidiary of FNBPA, will merge with and into JUVF’s wholly-owned subsidiary, The Juniata Valley Bank (JVB) with JVB surviving. 

A tally of the proxies before and during the meeting resulted in overwhelming approval of the merger. JVB is a community bank founded in 1867 in Juniata County with assets of $488 million and 13 branches in Juniata, Mifflin, Perry and Huntingdon counties. JVB’s entrance into McKean and Potter counties will establish the JVB Northern Tier Region and will provide greater lending capabilities and expanded electronic service delivery systems to Port Allegany, Coudersport and surrounding markets. In addition, Trust and Investment Management services will be provided to the Northern Tier. 

The merger is expected to be finalized November 30th.

3 comments:

Anonymous said...

Fingers crossed, but I guess this means goodbye hometown bank.

Anonymous said...

OK people get ready for night mares my bank did this over a year ago. WHAT A MESS!!!!! Your checks will no longer say Port they'll say were ever the Main office is,YEP, all your payments, direct deposits, Oh boy!! everything changes, now when you call it goes to a switch board, EVERYTHING is a Big mess for months, and now just before Christmas!! hope your ready for the headaches

Anonymous said...

keep voting for the foxes to guard the hen house rural America.See if your politicans put out a press release on this as this is what deregulation does to the banking. the small can not compete