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The end of 2019 marked an exciting time in local banking history as two community banks from neighboring regions merge.
DUNMORE, PA – Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (“Fidelity”), the parent bank holding company of Fidelity Deposit and Discount Bank (“Fidelity Bank”), founded in 1902, a Pennsylvania state-chartered, FDIC insured bank and trust company headquartered in Dunmore, PA, announced today the execution of a definitive agreement whereby MNB Corporation (OTCPink: MNBC) (“MNB”) will be merged with and into Fidelity, and subsequently, Merchants Bank of Bangor, MNB’s wholly-owned subsidiary bank, founded in 1890, will merge with and into Fidelity Bank. The resulting merger will expand Fidelity Bank’s full-service footprint into Northampton County, PA and the Lehigh Valley. At closing, two representatives from MNB will join the boards of Fidelity and Fidelity Bank, respectively.
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