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Harleysville and East Penn bank merger completed

Harleysville National Corp. today said it completed the acquisition of East Penn Financial Corp., of Emmaus, for $85 million, or $13.41 per share.

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Harleysville National Corp. today said it completed the acquisition of East Penn Financial Corp., of Emmaus, for $85 million, or $13.41 per share.

The merger of the two banks with operations north of Philadelphia was first announced in May. It was made final on Friday, and East Penn shares have ceased trading on the Nasdaq market.

The combined bank has more than 50 locations in eight counties. East Penn's nine branches will continue to operate under that name, Harleysville said in a statement.

At midday, Harleysville shares were up 17 cents, to $14.23.

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