U.S. Markets closed

Some Kinderhook Bank board members will get millions in acquisition cash out

Chelsea Diana
Some Kinderhook Bank board members will get millions in acquisition cash out

Community Bank N.A. is acquiring Kinderhook Bank Corp. in an all cash transaction valued at $93.4 million, or $62 a share. That sale price is almost double what Kinderhook's stock was priced at — about $35.50 — before the deal was announced in January.