Edition:
United Kingdom

First Commonwealth To Acquire 14 Santander Bank Branches In Central Pennsylvania


Monday, 22 Apr 2019 

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 ON AVERAGE TOTAL DEPOSITS ACQUIRED AT CLOSE.FIRST COMMONWEALTH FINANCIAL CORP - INTENDS TO APPLY CASH RECEIVED AT CLOSING OF DEAL TO REPAY WHOLESALE BORROWINGS.FIRST COMMONWEALTH FINANCIAL CORP - ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO FIRST COMMONWEALTH'S EARNINGS PER SHARE.FIRST COMMONWEALTH FINANCIAL - BANKING UNIT TO ACQUIRE 14 BRANCHES FROM SANTANDER BANK NA.