KNBT Bancorp Inc., the holding company for Keystone Nazareth Bank and Trust Co. in Bethlehem, Pa., said Tuesday that it plans to buy Oakwood Financial Corp., a full-service brokerage in Allentown, Pa.
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Oakwood offers investment, insurance, and brokerage products and services throughout the Lehigh Valley. Once the deal closes, Oakwood is to operate as KNBT Securities, a wholly owned subsidiary of Keystone bank.
Keystone Nazareth is a Pennsylvania-chartered savings bank with 41 branches in Lehigh, Northampton, Carbon, and Monroe counties.
