Norwood Financial Corp. in Honesdale, Pa., has received approval from shareholders of North Penn Bancorp Inc. to buy the Scranton, Pa., company.

The $537 million-asset Norwood said late Friday that 98% of the votes cast during a special meeting supported the sale.

Shareholders of North Penn can choose between $19.12 in cash or 0.6829 shares of Norwood for each North Penn share.

Buying the $163.9 million-asset North Penn would allow Norwood to expand in Monroe County and into Lackawanna County.

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