August 30, 2006PSB Bancorp Inc • August 31st, 2006 • Savings institutions, not federally chartered
Conestoga Bancorp, Inc., a Pennsylvania corporation (“Conestoga”), Conestoga Bank, a Pennsylvania bank and a wholly-owned subsidiary of Conestoga, FP Acquisition Corp., a Pennsylvania corporation and a direct wholly-owned subsidiary of Conestoga (“Merger Sub”), and PSB Bancorp, Inc. (“PSB”) have entered into an Agreement and Plan of Merger dated as of August 30, 2006 (“Agreement”), pursuant to which, subject to the terms and conditions set forth therein, Merger Sub will merge with and into PSB (the “Merger”). PSB will be the surviving corporation and will continue its corporate existence under the laws of the Commonwealth of Pennsylvania.
