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New Deal


Announced

Codorus Valley to merge with Orrstown in a $207m deal.

Financials

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Transaction Value£164m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

commercial banking

Banks

Acquisition

Domestic

Majority

Merger

Public

Pending

Friendly

Single Bidder

Synopsis

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Codorus Valley, a bank, agreed to merge with Orrstown, a commercial banking company, in a $207m deal. “Orrstown and Codorus Valley share a similar culture, vision and deep commitment to our communities. The partnership of our companies will significantly increase our size and scale, which we believe will not only drive profitability and shareholder value but also benefit our clients, employees and communities through broader product offerings, higher lending limits, an improved customer experience, and increased career opportunities. I am excited by the opportunity to work with Craig and his impressive team to build the premier community banking franchise in our Pennsylvania and Maryland markets,” Thomas R. Quinn, Orrstown President and CEO.

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