Pennsylvania-based First Savings Bank of Perkasie (“FSB Perkasie”) acquired the Papalia Financial Services Group of companies consisting of Papalia Asset Management, Inc., Papalia Financial Services, Inc., Papalia Retirement Plan Services, Inc. and Papalia Securities, Inc.

Founded in 1994, Papalia provides financial services such as financial planning, asset management, insurance and retirement services to small and medium sized businesses throughout the Mid-Atlantic region.

FSB Perkasie, founded in 1922, provides banking, insurance and investment services to clients in Central and Upper Bucks County. The bank (with in excess of $1 billion in assets) wanted to increase its product offerings in the asset management, insurance and investment areas and saw a natural fit in Papalia, whose management team and employees plan to continue serving clients in the new company.

Knowledge of banking, asset management and insurance enabled Curtis to provide FSB Perkasie’s board and management with industry insight, valuation parameters and deal structure suggestions to enable the transaction to close in less than three months from the letter of intent.