Capital Briefs: FirstMerit Gets Green Light on Signal Deal

The Federal Reserve Board has given $6.2 billion-asset FirstMerit Corp., Akron, Ohio, permission to acquire Signal Corp., Wooster, Ohio.

FirstMerit announced the $470 million deal in August and expects to close it in the first quarter. Signal, with assets of $1.9 billion, will be merged into FirstMerit Bank, according to the Dec. 7 approval.

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