Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank
The company announced Monday it is selling 14 branches in Pennsylvania to First Commonwealth Bank. Indiana-based First Commonwealth Bank has announced that it is purchasing 14 branches of Santander Bank in central Pennsylvania. First Commonwealth, which also has been in growth mode in Ohio.
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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Santander Bank Announces Agreement to Sell 14 Branches to First Commonwealth Bank BOSTON, April 22, 2019 – PRESS release santander bank, N.A. ("Santander" and "S NA") today announced that it has entered into an agreement with First
Santander Bank N.A., a wholly owned unit of Banco Santander (NYSE:SAN), agrees to sell 14 bank branches located in central Pennsylvania to First Commonwealth Financial (NYSE:FCF). The deal.
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.
The sale announcement comes amid other moves by Santander Group, the Spanish parent of the Boston-based bank, to shrink its branch network globally.
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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 (“First Commonwealth”), has signed a definitive agreement to acquire 14 branches located in State College, Lock Haven, Williamsport and Lewisburg, Pennsylvania, with.
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.
DANVILLE – An agreement for First Commonwealth Bank to acquire 14 branch banks includes santander Bank at 315 Mill St. in. complementary demographics and culture to our core Western Pennsylvania.
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