Orrstown Financial Services Inc. said Thursday that it has received the required regulatory approvals to complete the acquisition of Mercersburg Financial Corp. and First Community Bank of Mercersburg.
Mercersburg stockholders approved the transaction Tuesday with 97 percent of the shares voting in favor.
“We are very excited to announce regulatory and shareholder approval that will pave the way for Orrstown and Mercersburg to merge into one strong community bank,” said Thomas R. Quinn, Jr., president and CEO of Orrstown Bank, in a statement.
The parties anticipate closing the transaction on Oct. 1.
