This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

North Penn Bancorp, Inc. Shareholders Approve Pending Merger With Norwood Financial Corp.

SCRANTON, Pa., April 8, 2011 /PRNewswire/ -- North Penn Bancorp, Inc. (OTCBB: NPBP), the holding company for North Penn Bank, Scranton, Pennsylvania, announced today that at a special meeting of shareholders held on April 8, 2011, the shareholders of North Penn Bancorp voted to approve the Company's pending merger with Norwood Financial Corp. (NASDAQ Global: NWFL).  More than 98% of the votes cast by North Penn Bancorp's shareholders were in favor of the merger.

Completion of the merger is subject to certain conditions, including receiving requisite regulatory approvals.

"We are pleased with this overwhelming endorsement of our merger by North Penn Bancorp's shareholders and are appreciative of the support that our shareholders have given us over the years," said Frederick L. Hickman, President and CEO of North Penn Bancorp.  

Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial commented: "We are very pleased with the tremendous show of support from North Penn's shareholders for the merger of our companies. We look forward to welcoming the North Penn customers, stockholders and employees to Wayne Bank."

North Penn Bancorp, Inc. is the holding company for North Penn Bank, a Pennsylvania savings bank that conducts its business from its main office in Scranton, Pennsylvania and four branch offices, in the northeastern Pennsylvania counties of Lackawana and Monroe.  As of December 31, 2010, North Penn Bancorp, Inc. had total assets of $163.9 million, total net loans of $120.3 million, total deposits of $136.3 million and total stockholders' equity of $19.6 million.  North Penn Bancorp, Inc.'s common stock is traded on the Over-the-Counter Bulletin Board under the symbol "NPBP."  

Norwood Financial Corp., through its subsidiary Wayne Bank, operates eleven offices in Wayne, Pike and Monroe Counties, Pennsylvania.  At December 31, 2010, Norwood Financial Corp. had total assets of $537.0 million, loans receivable of $356.9 million, total deposits of $393.9 million and stockholders equity of $67.7 million.  Norwood Financial's stock is traded on the Nasdaq Global Market, under the symbol, "NWFL".

SOURCE North Penn Bancorp, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs