HARLEYSVILLE, Pa.-- Harleysville National Corp. said it has consummated the acquisition of Summit Hill Trust Co. of Carbon County, Pa.
Summit Hill was merged into Summit Hill Interim Trust Co., a subsidiary of Harleysville National Corp.
Each Summit Hill Trust shareholder received 31 shares of Harleysville National common stock in exchange for each share of Summit Hill common stock owned. Harleysville National issued 155,000 shares of common in connection with the transaction.
The merger was approved April 28 at a special meeting of the shareholders of Summit Hill Trust Co.