Founded more than a century ago, Presence Bank, Coatesville’s last remaining bank, was acquired by Norwood Financial in a $54.9 million deal.
Founded more than a century ago, Presence Bank, Coatesville’s last remaining bank, has been acquired by Norwood Financial Corp. in a $54.9 million deal, writes Jeff Blumenthal for the Philadelphia Business Journal.
A subsidiary of PB Bankshares, Presence Bank is now part of Norwood’s Wayne Bank, with 15 branches in northeastern Pennsylvania and 12 in New York. The deal, which was announced in July, closed this week…