M&A
confidence high
sentiment neutral
materiality 0.65
Fidelity D & D Bancorp completes acquisition of Landmark Bancorp; files financials
FIDELITY D & D BANCORP INC
- Acquisition closed July 1, 2021; Landmark shareholders received 0.272 Fidelity shares and $3.26 cash per share.
- Landmark Q1 2021 net income $362K; net interest income $2.98M; total assets $392.3M.
- Landmark had $313.1M in deposits and $312.8M net loans; PPP loans $29.3M.
- Merger-related expenses of $747K incurred by Landmark in Q1 2021.
- Restated audited financials for 2019/2020 and unaudited pro forma data filed as exhibits.