Jul. 7 at 9:20 PM
$PBBK shareholders get 0.785 shares of
$NWFL or
$19.75 cash per share in merger. 106.6% tangible book premium suggests strategic urgency - but 4.2% TBV dilution and 2.5-month earn-back period raise eyebrows. Deal positions combined entity as
$3B PA banking force. EPS accretion projected at 10% for 2026. Execution risk meets regional consolidation opportunity.
https://www.sec.gov/Archives/edgar/data/1849670/000184967025000021/pbbk-20250707x8k.htm