Patriot Bank Corp. said it plans to buy First Lehigh Corp. for $24.7 million in stock.

Patriot, based in Pottstown, Pa., would swap 0.428 share of stock for each common share of First Lehigh and 0.342 for each share of Lehigh preferred. The deal is expected to close by early next year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.