PERKASIE, Pa. -- Independence Bancorp said it is holding merger discussions with an unspecified company. Independence said in a press release it would not comment further.

The company's shares have skyrocketed this week amid takeover speculation. The shares were trading at $32.75 at midday Thursday, up 21% since last Friday. Mellon Bank Corp., PNC Bank Corp., and First Fidelity Bancorp are viewed as possible suitors.

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.