Merger to unite 2 realty trusts

Article Abstract:

Conshohocken, Penn.-based Kranzco Realty Trust has signed a merger agreement with Plymouth Meeting, Penn.-based Montgomery CV Realty L.P. The merger will create a company with $800 million in assets called Kramont Realty Trust.

Author: Brown, Ambre S.
Acquisitions & mergers, Pennsylvania, Real Estate Invest Trusts, Real Estate Investment Trusts, Kranzco Realty Trust, Montgomery CV Realty Trust

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Pottstown bank reduces role in online venture

Article Abstract:

The Patriot Bank of Pottstown will cease to operate Bankzip.com, the online banking venture it formed with several small banks due to fears of a huge revenue loss. The online service will instead become a separate company.

Author: Brown, Ambre S.
Organizational history, Savings & Loan Assns, Savings Institutions, Brief Article, Savings and loan associations, Patriot Bank, BankZip.com Inc.

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Subjects list: United States
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