facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

FNB acquires Solon bank .



Published: Wed, February 20, 2013 @ 12:00 a.m.

Staff report

HERMITAGE, PA.

The First National Bank of Pennsylvania has purchased Solon-based Park View Federal Savings Bank in an all- stock transaction valued at $106.4 million.

Park View’s 16 branches will be renamed under the F.N.B. brand and expand First National’s market share in the Greater Cleveland area.

Park View has been on the verge of collapse in recent years. A deal with United Community Financial Corp., the parent company of the Home Savings and Loan Co. of Youngstown, failed in 2007.

The purchase is F.N.B.’s latest. The bank announced in 2012 that it would aggressively pursue a strategy to grow its business through the mergers-and- acquisitions process.

F.N.B. is Youngstown’s second-largest bank by market share, according to the Federal Deposit Insurance Corp.


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport