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CLEARFIELD BANK & TRUST CO. v. OMEGA FINANCIAL CORP.

No. Civ.A. 99-180J.

65 F.Supp.2d 325 (1999)

CLEARFIELD BANK & TRUST COMPANY, Plaintiff, Penn Laurel Financial Corporation and CSB Bank, Intervening Plaintiffs, v. OMEGA FINANCIAL CORPORATION, Defendant.

United States District Court, W.D. Pennsylvania.

September 10, 1999.

Attorney(s) appearing for the Case

Gary P. Hunt, John E. Graf, Tucker Arensberg, Pittsburgh, PA, for Clearfield Bank & Trust Company, plaintiff.

Leonard Dubin, Blank, Rome, Comisky & McCauley, Philadelphia, PA, for Omega Financial Corporation, defendant.

Laurence W. Dague, David R. Breschi, Angela L. Dumm, Shumaker Williams, Harrisburg, PA, for Penn Laurel Financial Corp., intervenor-plaintiff.

Laurence W. Dague, David R. Breschi, Angela L. Dumm, Harrisburg, PA, for CSB Bank, intervenor-plaintiff.

Laurence W. Dague, David R. Breschi, Angela L. Dumm, Shumaker Williams, Harrisburg, PA, for Guy A. Graham movant.

Laurence W. Dague, David R. Breschi, Angela L. Dumm, Harrisburg, PA, for Carl A. Belin, movant.

OPINION and ORDER

D. BROOKS SMITH, District Judge.

I. Introduction

In the instant case, this court gets a closeup view of the Darwinian struggle that today animates most merger and acquisition activity in the commercial banking field. Any merger brings to the fore the sometimes converging and sometimes conflicting interests of target and suitor, shareholder and incumbent management. This case is no exception. It presents a pending...

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