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Source: The Patriot-News, Harrisburg, Pa.迷你倉Aug. 29--GNB Financial Services, Inc., bank holding company of The Gratz Bank, and Liberty Centre Bancorp, Inc, parent savings and loan holding company of Liberty Savings Bank, have announced a merger agreement. Under the deal, Liberty will become a wholly owned subsidiary of GNB Financial and Gratz Bank.GNB Financial is the $182 million bank holding company of Gratz Bank, a Pennsylvania state-chartered bank headquartered in Gratz, that operates three community bank offices in Gratz, Valley View, and Herndon.LCB is the $28 million holding company of Liberty Bank, a federally-chartered stock savings bank headquartered in Pottsville, with two locations located in Pottsville and a loan production office in Macungie.The joint announcement was made today by Wesley M. Weymers, president and CEO of GNB Financial and Gratz Bank, and Robert W. Pugh, Jr., president and CEO of LCB and Liberty Bank.Under the terms of the agreement, LCB shareholders will receive cash consideration equal to "adjusted book value per share" for each share of LCB common stock outstanding at the effective time of the 自存倉erger. Three of the LCB directors will be invited to join an advisory board to the GNB Financial board of directors. GNB Financial anticipates that the transaction will close late in the fourth quarter of 2013 or early in the first quarter of 2014.In connection with the merger, LCB will merge with and into a wholly-owned subsidiary of GNB Financial and Liberty Bank will merge with and into Gratz Bank."We are pleased to welcome the customers and employees of LCB to the Gratz family," said Weymers. "The addition of LCB to the GNB Financial franchise continues GNB Financial's growth as a strong high performing community bank and increases our locations, products, and efficiencies to better serve our customers and provide value to our shareholders."Added LCB's Pugh: "Given the demands of a changing banking environment, the Board of Directors believes this transaction represents an opportunity for our shareholders, customers, employees and the communities we serve."Copyright: ___ (c)2013 The Patriot-News (Harrisburg, Pa.) Visit The Patriot-News (Harrisburg, Pa.) at .pennlive.com Distributed by MCT Information Services迷你倉新蒲崗