DONEGAL FINANCIAL SERVICES CORPORATION AND UNION NATIONAL FINANCIAL CORPORATION AMEND MERGER AGREEMENT
EXHIBIT 99.2
DONEGAL FINANCIAL SERVICES CORPORATION
AND
UNION NATIONAL FINANCIAL CORPORATION
AMEND MERGER AGREEMENT
AND
UNION NATIONAL FINANCIAL CORPORATION
AMEND MERGER AGREEMENT
Xxxxxxx X. Xxxxxx, Senior Vice President &
Chief Financial Officer
|
Xxxx X. Xxxxxx, Chairman, President & Chief Executive Officer | |
Donegal Financial Services Corporation
|
Union National Financial Corporation | |
Phone: (000) 000-0000
|
Phone: (000) 000-0000 | |
Fax: (000) 000-0000
|
Fax: (000) 000-0000 | |
E-mail: xxxxxxxxxx@xxxxxxxxxxxx.xxx
|
E-mail: xxxxxxx@xxxx.xxx |
For Immediate Release
MARIETTA and LANCASTER, Pennsylvania, December 8, 2010 (GLOBENEWSWIRE) — Xxxxxx X. Xxxxxxxx,
President of Donegal Financial Services Corporation (“DFSC”), and Xxxx X. Xxxxxx, Chairman,
President and Chief Executive Officer of Union National Financial Corporation (“UNNF”) (OTC
Bulletin Board: “UNNF.OB”), today jointly announced the execution of an amendment to the Agreement
and Plan of Merger as previously amended, pursuant to which UNNF and DFSC would merge. The
amendment extends the date after which a party may terminate the merger agreement under certain
circumstances from December 31, 2010 to March 31, 2011.
As previously announced, the shareholders of UNNF approved the merger agreement at their
special meeting on September 16, 2010. Regulatory approval of the merger by the Office of Thrift
Supervision is pending.
Donegal Group Inc. (NASDAQ Global Select: “DGICA” and “DGICB”) and Donegal Mutual Insurance Company jointly own DFSC.