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Ion Bank and Lincoln 1st Bank Announce Agreement to Merge

Ion Bank and Lincoln 1st Bank Announce Agreement to Merge
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Ion Bank and Lincoln 1st Bank Announce Agreement to Merge

Ion Bank and Lincoln 1st Bank Announce Agreement to Merge
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Ion Bank to acquire New Jersey lender

The parent company of Naugatuck-based Ion Bank has entered an agreement to acquire a New Jersey lender and merge their operations. In a statement, Ion Financial said it will combine with Lincoln Park Bancorp, the corporate parent of Lincoln 1st Bank, in a transaction valued at approximately $7.5 million. Investors in Lincoln Park Bancorp are expected to receive $10.10 in cash per share of common stock.

Ion Bank and Lincoln 1st Bank Announce Agreement to Merge

Ion Bank and Lincoln 1st Bank Announce Agreement to Merge
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