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.