First Commonwealth Financial (FCF) Misses Q2 EPS by 2c
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First Commonwealth Financial (FCF) Unit to Acquire FirstMerit Bank Branches
July 27, 2016 7:14 AM EDTFirst Commonwealth Financial Corporation (NYSE: FCF) announced that its banking subsidiary, First Commonwealth Bank ("First Commonwealth"), has signed a definitive agreement to acquire 13 branches in Canton and Ashtabula, Ohio, with $735 million of deposits and $115 million of retail and business loans (as of May 31, 2016) from FirstMerit Bank, NA ("FirstMerit"). The branches are being sold in connection with the previously announced acquisition of FirstMerit Corporation by Huntington Bancshares Inc., and the sale is subject to the consummation of that acquisition. The divestitures have been approved by the United States Department of Justice following a customary anti-trust... More
