CCFNB Bancorp, Inc., the bank holding company for First Columbia Bank & Trust Co. and Muncy Bank Financial, Inc., the bank holding company for The Muncy Bank and Trust Company, jointly announced that, in connection with their proposed strategic merger of equals, they have received the requisite regulatory approvals and waivers from the Pennsylvania Department of Banking and Securities, the Federal Deposit Insurance Corporation and the Federal Reserve Bank of Philadelphia to complete their transaction on the terms and subject to the conditions of the Agreement and Plan of Merger, dated April 17, 2023 and as amended June 21, 2023, by and between CCFNB and Muncy. The consummation of the merger remains subject to the approval by CCFNB and Muncy shareholders and the satisfaction of other customary closing conditions. CCFNB and Muncy expect that the merger transaction will close on or about November 11, 2023.
Previously, on June 21, 2023, CCFNB and Muncy jointly announced that, in connection with their proposed strategic merger of equals, they have agreed to rename their combined bank “Journey Bank” and their combined holding company “Muncy Columbia Financial Corporation.”
