We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Muncy Bank Financial, Inc. (“Muncy Bank” or the “Company”) (OTC: MYBF), in connection with the proposed acquisition of the Company by CCFNB Bancorp, Inc. (OTC: CCFN) (“CCFNB Bancorp”).  Under the terms of the merger agreement, the Company’s shareholders will receive 0.9259 shares of CCFNB Bancorp common stock for each share of Muncy Bank common stock owned, representing implied per-share consideration of $37.50 based upon CCFNB Bancorp’s April 18, 2023 closing price of $40.50.  Upon completion of the transaction, Muncy Bank shareholders will only own 42% of the combined company.  The transaction is valued at approximately $65.6 million.

Weiss Law is investigating whether (i) Muncy Bank’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per share merger consideration adequately compensates Muncy Bank’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.