Several potential acquirers have expressed interest in buyinl First Harrisburg Bancot, according to the company.
The $252 million-asset bank hired National Capital Cos., at investment banking film based in Chevy Chase. Md., to advise and assist First Harrisburg with acquisition proposals.
It is anticipated that it will be several weeks before the prospective acquirers have completed their review of First Harrisburg and submitted their final proposals.
Meanwhile, First Harrisburg said it has delayed acquisition discussions with another company to determine the level of interest of all prospective acquirers. There can be no assurances that the discussions with fire first potential acquirer will be resumed, and that any definitive agreement will be executed with respect to the acquisition of Firsl Harrisburg, the company said.
First Hamsburg is the parent company of First Federal Savings and Loan Association of Harrisburg. The company earned $657,600 in the second quarter, or 55 cents a share, compared with $1.3 million, or $1.08 a share, a year earlier. Earnings increased by $621,200 as a result of an income tax claim refund plus interest.
For the furst half, Fh'st Harrisburg reported $1.2 million in earn ings, versus $2.4 million or $1.98 ashare in the year-earlier period.
Earnings increased inI993 because of the tax claim and an accounting change, which added $717,200 to the bottom line.