Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank

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

First Commonwealth Bank Receives Regulatory Approval for the Acquisition of 14 Santander Bank Branches; First Commonwealth Financial Corporation Welcomes Aradhna Oliphant to Board of Directors.

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.

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

 · First Commonwealth Financial in Indiana, Pa., has agreed to buy 14 Pennsylvania branches from Santander Bank. The $7.8 billion-asset First Commonwealth said in a press release Monday that it will gain branches in State College, Lock Haven, Williamsport and Lewisburg, along with $525 million in deposits and $120 million of retail and business loans.

Santander Bank Announces Agreement to Sell 14 Branches to First Commonwealth Bank. PR Newswire. April 22, 2019. Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware.

First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank.

Santander Bank, N.A. today announced that it has entered into an agreement with First Commonwealth Financial Corporation’s banking subsidiary First Commonwealth Bank for the sale of 14 bank branches located in central Pennsylvania.The branches are located in State College, Lock Haven, Williamsport, South Williamsport, Lewisburg, Danville, Montoursville, Beech Creek, Jersey Shore, Milton, Muncy.

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 applied to.

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Santander Bank, N.A. today announced that it has entered into an agreement with First Commonwealth Financial Corporation’s banking subsidiary First Commonwealth Bank for the sale of 14 bank branches located in central Pennsylvania.The branches are located in State College, Lock Haven, Williamsport, South Williamsport, Lewisburg, Danville, Montoursville, Beech Creek, Jersey Shore, Milton, Muncy.

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