Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank

First Commonwealth Financial Corporation announced that its banking subsidiary, First Commonwealth Bank, has signed a definitive agreement to acquire 14 branches located in State College, Lock Haven, Williamsport and Lewisburg, Pennsylvania.

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.

Another minority-owned bank, the United Bank of Philadelphia, is operating under an amended consent order issued in April 2018 by the Commonwealth of Pennsylvania Department. municipal underwriting.

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BOSTON, April 22, 2019 /PRNewswire/ — Santander Bank, N.A. ("Santander" and "SBNA") today announced that it has entered into an agreement with First Commonwealth Financial Corporation’s banking subsidiary First Commonwealth Bank ("First Commonwealth") for the sale of 14 bank branches located in central Pennsylvania.

First Commonwealth to Acquire 14 Santander Bank Branches in Central Pennsylvania. First Commonwealth Bank. The acquisition provides First Commonwealth with the opportunity to expand its.

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Under the agreements, Santander Bank will provide $165 million in construction lending. pricing pressure and declines in average selling price; delays in new product introduction; continued success.

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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

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Santander Bank Announces Agreement to Sell 14 Branches to First Commonwealth Bank. of 14 bank branches located in central Pennsylvania. The branches are located in State College, Lock Haven.

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Battle Of The Banks: Lloyds vs Santander | The Motley Fool UK 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.