Business in the Burbs

Tompkins gets approval for acquisition

April

Tompkins Financial Corp. of Ithaca said this morning it has gotten all the regulatory and shareholder approvals it needs for its purchase of Sleepy Hollow Bancorp Inc.

Tompkins, the parent company of Mahopac National Bank, announced last November it agreed to pay $30.2 million in cash for the parent of Sleepy Hollow Bank. The deal is expected to be completed May 7.

The five Sleepy Hollow Bank branches will be known as the Sleepy Hollow Division of Mahopac National Bank. Customer accounts will be transferred May 9, giving the combined Mahopac National Bank $750 million in assets, 14 branches and one limited service office in Westchester, Putnam and Dutchess counties.

This entry was posted on Wednesday, April 23rd, 2008 at 10:12 am by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Print | Email

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.