First Commonwealth Financial Corp
* First commonwealth building its Ohio business with acquisition of 13 branches
* Acquisition is expected to be immediately accretive to first commonwealth’s earnings per share.
* First commonwealth will pay a 4.5% premium on deposits acquired at close.
* First commonwealth financial corp says has signed a definitive agreement to acquire 13 branches in canton and Ashtabula, Ohio,
* As a result of deal , co’s remaining capacity under its common stock repurchase program is not expected to be utilized
* To apply cash received to repay wholesale borrowings, which is expected to reduce loan to deposit ratio below 100% Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
