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Pennsylvania-based Fidelity to buy Wayne Bank branch

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Pennsylvania-based Fidelity to buy Wayne Bank branch

In Pennsylvania, Dunmore-based ($756.9 million) is acquiring the real estate, deposit liabilities and some ofthe loans of the West Scranton branch of Honesdale-based ($766.2 million).

Fidelity Deposit and Discount and Wayne are the respectivesubsidiaries of Fidelity D &D Bancorp Inc. and NorwoodFinancial Corp.

The transaction's terms were not disclosed.

The deposits and loans will be consolidated into a nearbyFidelity branch. No layoffs are expected, and the purchase is likely to closein the fourth quarter, pending regulatory approval.

The Kafafian Group Inc. and Bybel Rutledge LLP acted asFidelity's financial and legal advisers for the purchase. Jones Walker LLPserved as Norwood's legal counsel.