Anthony P. Terracciano, chairman of First Fidelity Bancorp, said Wednesday that his company was unlikely to pursue a hostile takeover of another bank.

He was responding to speculation reported in Tuesday's American Banker that First Fidelity might make an unfriendly move against UJB Financial Corp., its New Jersey rival.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.