Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank

Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank

 · Santander Bank N.A., a wholly owned unit of Banco Santander (NYSE:SAN), agrees to sell 14 bank branches located in central Pennsylvania to First Commonwealth.

 · BOSTON, April 22, 2019 /PRNewswire/ — Santander Bank, N.A. ("Santander" and "SBNA") today announced that it has entered into an agreement with First Commonwealth Financial Corporation’s banking subsidiary First Commonwealth Bank ("First Commonwealth") for the sale of 14 bank branches located in central Pennsylvania.

Santander Bank is undertaking a strategy to focus on markets that it believes will drive growth in the future, and part of that strategy apparently includes selling off some of its bank branches. The company announced Monday that it is selling 14 branches in Pennsylvania to First Commonwealth Bank.

 · INDIANA, Pa., April 22, 2019 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation today announced that its banking subsidiary, First Commonwealth Bank (“First Commonwealth”), has signed a definitive agreement to acquire 14 branches located in State College, Lock Haven, Williamsport and Lewisburg, Pennsylvania, with approximately $525 million of deposits.

Indiana-based First Commonwealth Bank announced it is buying 14 branches of Santander Bank in central Pennsylvania. First Commonwealth, which also has been in growth mode in Ohio, last week.

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INDIANA, Pa., April 22, 2019 (GLOBE NEWSWIRE) — First commonwealth financial corporation (nyse: fcf) today announced that its banking subsidiary, First Commonwealth Bank ("First Commonwealth"), has signed a definitive agreement to acquire 14 branches located in State College, Lock Haven, Williamsport and Lewisburg, Pennsylvania, with approximately $525 million of deposits.

First Commonwealth to Acquire 14 Santander Bank Branches in Central Pennsylvania. First Commonwealth Bank. The acquisition provides First Commonwealth with the opportunity to expand its.

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April 22 (Reuters) – First Commonwealth Financial Corp ::FIRST COMMONWEALTH TO ACQUIRE 14 SANTANDER BANK BRANCHES IN CENTRAL PENNSYLVANIA.FIRST COMMONWEALTH FINANCIAL CORP – WILL PAY A 7.05% PREMIUM.

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 · First Commonwealth to Acquire 14 Santander Bank Branches in Central Pennsylvania Acquisition extends First Commonwealth’s footprint and provides additional funding to efficiently support.

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. Santander’s latest investment in Pennsylvania and the greater Philadelphia community," noted David Swoyer, Executive Director of the Mid-Atlantic region for Santander Commercial Banking. Santander.

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PITTSBURGH-A resident of New Castle, Pennsylvania. Bank. Thus, the Bank was led to believe that the sales prices were actually higher than the true sales prices. Originally, 14 properties were to.

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