Business
Fidelity D & D Bancorp, Inc. Announces Receipt of All Required Approvals for the Acquisition of Landmark Bancorp, Inc.
DUNMORE, Pa., June 17, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (“Fidelity”), the parent bank holding company of The Fidelity
About this update from Fidelity D & D Bancorp, Inc.
[{"type":"text","content":"DUNMORE, Pa., June 17, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (“Fidelity”), the parent bank holding company of The Fidelity Deposit and Discount Bank (“Fidelity Bank”), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announced today that the shareholders of Landmark Bancorp, Inc. (“Landmark”) have overwhelmingly approved the previously announced proposed acquisition of Landmark by a subsidiary of Fidelity with over 77% of the issued and outstanding shares of common stock of Landmark voting in favor of the proposed transaction. In addition, Fidelity announced the receipt of all required regulatory approvals or waivers for Fidelity’s proposed acquisition of Landmark and its wholly-owned subsidiary, Landmark Community Bank. The Federal Deposit Insurance Corporation has approved the Bank Merger Act application to merge Landmark Community Bank with and into The Fidelity Deposit and Discount Bank (the “bank merger”). The Pennsylvania Department of Banking and Securities has approved the merger of Landmark with and into a subsidiary of Fidelity and the bank merger. The Federal Reserve Bank of Philadelphia has granted Fidelity a waiver in regard to its merger application requirements. The mergers of Landmark with and into a subsidiary of Fidelity and Landmark Community Bank with and into Fidelity Bank are expected to be completed on July 1, 2021, subject to the satisfaction of customary closing conditions. About Fidelity D & D Bancorp, Inc. Fidelity D & D Bancorp, Inc. and its wholly owned subsidiary, The Fidelity Deposit and Discount Bank have built a strong history as trusted financial advisors to the clients served by Fidelity Bank, which has built a strong history as a locally owned and operated community bank. Serving the individuals, families, and businesses for over 119 years within the Northeastern and Lehigh Valley of Pennsylvania, there are 20 branch offices along with Fidelity Bank Wealth Management offices in Schuylkill County. A full-service, 24-hour, 7 day a week Customer Care Center serves as a virtual branch, accepting and assisting those clients who prefer to open accounts and transact business via telephone, chat or online. Additionally, Fidelity Bank offers a full-service Wealth Management Division, a Mortgage Center, and an arra...