GRATZ, Pa.--(BUSINESS WIRE)--GNB Financial Services, Inc. (OTCQB: GNBF), Gratz, PA, the holding company for The Gratz Bank, announced the completion of its acquisition of FNBM Financial Corporation, Minersville, PA on March 27, 2015 through the merger of FNBM with and into GNB. Subsequently, The Gratz Bank acquired The First National Bank of Minersville through a merger of The First National Bank of Minersville with and into The Gratz Bank. The Minersville branch now operates as “The First Bank of Minersville, a division of The Gratz Bank”.
As a result of the transaction, GNB Financial Services, Inc. has approximately $282 million in total assets, $249 million in total deposits, and $182 million in total loans with 5 branch offices in Dauphin, Northumberland, and Schuylkill Counties, Pennsylvania.
Former FNBM directors Bruce L. Lord, Sr. and Dr. Jack A. Aughenbaugh, Jr. have joined GNB’s and The Gratz Bank’s Boards of Directors.
“We are pleased to welcome the customers and employees of The First National Bank of Minersville to the GNB family,” said Wesley M. Weymers, President and Chief Executive Officer of GNB Financial Services, Inc. and The Gratz Bank. “Our new customers now have enhanced product offerings, services and delivery channels, while still providing the benefits of a local community bank. Furthermore, the addition of The First National Bank of Minersville to the GNB franchise enhances our organization’s market penetration and overall shareholder value.”
A Warning About Forward-Looking Statements
This press release may contain forward-looking statements. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the GNB Financial Services, Inc.’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties.