A western Pennsylvania banking company has received final regulatory approval to acquire 13 former FirstMerit branches in Stark and Ashtabula counties.
Earlier this summer, First Commonwealth Financial Corp., headquartered in Indiana, Pa., said it would buy 13 branches that FirstMerit needed to divest before its acquisition by Huntington. The divestiture was needed for Huntington and FirstMerit to gain federal approval for its acquisition, which was completed in August.
On Wednesday, First Commonwealth said its banking subsidiary, First Commonwealth Bank, had received final approval from all necessary regulatory agencies.
The 13 branches are currently operating as FirstMerit branches, run by Huntington. Officials have said conversion to First Commonwealth was scheduled for later this year.
The acquisitions will make First Commonwealth Bank the largest community bank in the Canton area based on deposits and the third largest overall in that market behind the combined Huntington/FirstMerit and second-place JPMorgan.
The bank said it wanted to grow in Ohio. The bank said it intended to retain all 80 employees at the branches.
Here are the divested FirstMerit branches that will become part of First Commonwealth:
•?140 Lincoln Way West, Massillon
•?2704 Lincoln Way East, Perry Twp.
•?5594 Wales Ave. NW, Jackson Twp.
•?100 Central Plaza South, Canton
•?1110 30th St. NW, Canton
•?2917 Whipple Ave. NW, Plain Twp.
•?3100 Atlantic Boulevard NE, Canton
•?308 E. Gorgas St., Louisville
•?6252 Middlebranch Ave. NE, Plain Twp.
•?4555 Belden Village St. NW, Jackson Twp.
•?2150 Locust St. South, Canal Fulton
•?4200 Park Ave., Ashtabula
•?22 W. Jefferson St., Jefferson
Betty Lin-Fisher can be reached at 330-996-3724 or firstname.lastname@example.org. Follow her @blinfisherABJ on Twitter or www.facebook.com/BettyLinFisherABJ and see all her stories at www.ohio.com/betty