to transfer trust accounts to
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.