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OnBank Corp agreed to merge with First Empire in cash and stock
First Empire to offer $69.50 per ONBANCorp share or stock in cash for each share, with ONBAN stock at 61.275 and volume 91,800. Bennett announced the combination after a 3 p.m. meeting at ONBANCorp HQ, noting compatible philosophies and community commitments. Wilmers to relinquish chairmanship. Bennett to become First Empire chair and M&T vice chairman, with regulatory approval required.
MENTIONED IN THIS ARTICLE
First Empire
Onbancorp
Bennett
Saiina Street
M&t
OnBank
Robert G. Wilmers
Syracuse
Wilmers
Ot Co Ves
Midlantic Corp
New Jersey
Merchants National Bank & Trust Co
Union National Bank
Albany
Pennsylvania
Franklin First Savings Bank
Wilkes-Barre
Kevin Timmons
First Albany Corp
Onbankcorp
Timmons
M&t Bank