First Commonwealth to Expand Footprint in Cincinnati With New Buyout
FCF announced an all-stock merger with CenterGroup, valued at $54.6 million. The merger will add $348.4 million in assets and three new branches. It's projected to be 2% accretive to earnings in 2025, 3% in 2026. Merger is tax-free and subject to shareholder and regulatory approvals. FCF shares gained 30% in the last six months, comparing favorably to its industry.
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