Earliest Commonwealth to track down 14 Banco Santander Branches for the Central Pennsylvania
INDIANA, PA — () — First Commonwealth Monetary Firm (NYSE: FCF) now launched you to definitely its financial part, First Commonwealth Financial (Very first Commonwealth), have finalized a definitive agreement to acquire fourteen twigs based in State School, Secure Haven, Williamsport and you can Lewisburg, Pennsylvania, that have approximately $525 mil off places and you will $120 million out of shopping and you may loans (at the time of ) regarding Santander Financial, N.A. (Santander).
The latest contiguous extension find more of our footprint with the such the newest places, which have complementary class and you may culture to your core West Pennsylvania avenues, stands to reason for all of us. We enjoy raising the financial lifestyle your the newest residents and you will people within these communities, said T. Michael Rates, Chief executive officer regarding Very first Commonwealth.
This new places that individuals was acquiring with our twigs offer reduced-cost, secure funding that may immediately improve all of our profits and you will, even more important, allow us to keep the fresh constant pace your financing gains facing a competitive put business, Speed went on.
