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First Keystone Corp. (OTCBB: FKYS), the parent company of First Keystone National Bank in Berwick, PA, has agreed to acquire Pocono Community Bank of Stroudsburg, PA in a cash and stock transaction valued at approximately $33 million. As of the date the transaction was announced, First Keystone had total assets of $524 million and Pocono Community Bank had total assets of $134 million. The acquisition provides for First Keystone’s expansion into Monroe County, one of the fastest growing counties in the Mid-Atlantic region. In addition, the transaction allows for Pocono to better serve its customers, employees, shareholders and community through a strategic combination with a partner having a similar philosophy and business model. Curtis Securities served as First Keystone Corporation’s exclusive financial advisor in connection with this transaction, assisting in structuring and negotiating the terms of the transaction. Curtis also issued a fairness opinion to the First Keystone board of directors. |
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No offerings of securities are made through this site; all securities are offered exclusively through Curtis Securities, LLC, |
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