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  • American City Business Journals7 months ago

    South Phila. bank closes acquisition of Montco peer

    Prudential Bancorp has closed its acquisition of Huntingdon Valley’s Polonia Bancorp for $37 million, effective Jan. 1. Under terms of the stock and cash deal, South Philadelphia-based Prudential acquired 100 percent of the outstanding shares of Polonia in exchange for a mixture of cash and common shares of Prudential. Polonia shareholders will receive $11.28 per each share.

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