First National Bank of Pennsylvania's five-branch acquisition approved

F.N.B. Corporation said late last week that the Office of the Comptroller of the Currency has approved its plan for First National Bank of Pennsylvania to acquire five branch offices from Bank of America, N.A.

First National Bank of Pennsylvania is F.N.B. Corporation’s largest affiliate. The locations to be acquired are in three different counties: two branches in Berks County, two branches in Lancaster County and one branch in Chester County.

The transaction, expected to close on Sept. 18, 2015, does not require any additional regulatory approvals at this time.

Based in Pittsburgh, F.N.B. Corporation is a diversified financial services company operating in six states, including three major metropolitan areas. It holds a top retail deposit market share in Pittsburgh, Baltimore and Cleveland. F.N.B. has total assets of $16.6 billion and more than 280 banking offices throughout Pennsylvania, Maryland, Ohio and West Virginia.

F.N.B. provides its clients with a full range of commercial banking, consumer banking and wealth-management solutions through its subsidiary network, led by First National Bank of Pennsylvania, founded in 1864. Its commercial banking solutions include corporate banking, small-business banking, investment real estate financing, international banking, business credit, capital markets and lease financing.

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