Financial Advisory Assignments

Jonestown Bank & Trust Company to partner with Fidelity D & D Bancorp, Inc.

December 15, 2019 / Jonestown, PA –  Jonestown Bank & Trust Company has entered into an assignment and assumption agreement with Fidelity D & D Bancorp, Inc. for Fidelity to assume the trust department assets and accounts of the JBT Financial Services division of Jonestown Bank & Trust Company.  As of December 31, 2018, JBT Financial Services had total assets under management of approximately $35 million with 187 accounts and $330,000 in total revenues for the year ended December 31, 2018.  Terms of the transaction were not disclosed.