The Bank Slate


FNCB, Quaint Oak to terminate share purchase pact

FNCB Bancorp in Dunmore, Pa., has decided not to buy any more shares in Quaint Oak Bancorp in Southampton, Pa.

The $812 million-asset Quaint Oak disclosed in a regulatory filing that FNCB will terminate an agreement that would have allowed it to buy roughly 116,000 shares of Quaint Oak common stock.

The agreement was signed in December when FNCB bought nearly 106,000 Quaint Oak shares, or a roughly 4.9% stake.

No termination penalties were incurred by either party.

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