A western Pennsylvania community bank's plan to derail the proposed merger of two rivals has been dealt a blow by a federal judge.

Last month, Omega Financial Corp. in State College announced an unsolicited offer to buy Clearfield (Pa.) Bank & Trust Co. Omega, which has $1.1 billion of assets, offered Clearfield investors $65 per share.

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.