Fidelity D D Bancorp, Inc. Announces Completion of the Acquisition of Landmark Bancorp, Inc.
DUNMORE, Pa., July 01, 2021 (GLOBE NEWSWIRE) -- Fidelity D D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announced today the completion of the acquisition of Landmark Bancorp, Inc. (Pink Open Market: LDKB) ("Landmark") and its wholly-owned subsidiary, Landmark Community Bank effective July 1, 2021. Under the terms of the reorganization agreement, Landmark shareholders received 0.272 shares of Fidelity common stock and $3.26 in cash for each share of Landmark common stock that they owned as of the effective date. As a result, Fidelity issued approximately 650,813 shares of its common stock and $7.8 million in cash.
Fidelity D D Bancorp, Inc. Announces Completion of the Acquisition of Landmark Bancorp, Inc.
DUNMORE, Pa., July 01, 2021 (GLOBE NEWSWIRE) -- Fidelity D D Bancorp, Inc. (NASDAQ: FDBC) (Fidelity), the parent bank holding company of The Fidelity Deposit and Discount Bank (Fidelity Bank), a Pennsylvania state-chartered, FDIC-insured community bank and trust company headquartered in Dunmore, PA, announced today the completion of the acquisition of Landmark Bancorp, Inc. (Pink Open Market: LDKB) ("Landmark") and its wholly-owned subsidiary, Landmark Community Bank effective July 1, 2021. Under the terms of the reorganization agreement, Landmark shareholders received 0.272 shares of Fidelity common stock and $3.26 in cash for each share of Landmark common stock that they owned as of the effective date. As a result, Fidelity issued approximately 650,813 shares of its common stock and $7.8 million in cash.