WILLIAMSPORT, Pa. and LUZERNE, Pa., Oct. 18, 2012 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (Penns Woods) (Nasdaq:PWOD) and Luzerne National Bank Corporation (Luzerne) (PINK:LUZR) jointly announced today that they have entered into a definitive merger agreement under which Penns Woods will acquire Luzerne in a stock and cash transaction. The merger, approved unanimously by the boards of directors of both companies, further broadens Penns Woods' footprint into contiguous markets located in the Pennsylvania counties of Luzerne and Lackawanna. The combined company will have more than $1.1 billion in assets.
Penns Woods Bancorp And Luzerne National Bank Corporation Enter Into Merger Agreement
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