Community Bank says holder, regulatory approvals received for Kinderhook merger
Community Bank System announced that the Stockholders of Kinderhook Bank Corp., at its Special Stockholders Meeting held on April 23, 2019, overwhelmingly voted to approve the proposed merger of Kinderhook with the company. Kinderhook reported that more than 97% of the votes cast were voted to approve the Merger and that more than 85% of issued and outstanding shares were represented at the Special Meeting. As announced earlier this week, the company has received the regulatory approvals necessary to complete the Merger, including approval from the Office of the Comptroller of the Currency and a waiver from filing an application with the Federal Reserve Bank of New York. The Merger is expected to close on July 12, 2019, subject to customary closing conditions.