NEW CASTLE, Pa. - Shareholders of Peoples Bank of Western Pennsylvania voted to approve its proposed acquisition by First Commonwealth Financial Corp. of Indiana, Pa.

Peoples, which is to retain its name and current management, would become First Commonwealth's seventh bank, adding $156 million of assets and seven offices to the current $1.9 billion and 62 offices.

The companies said they need to obtain regulatory approvals and hope to complete the merger by yearend.

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