F.N.B. Corp. (FNB) in Hermitage, Pa., will enter Cleveland after agreeing to buy PVF Capital (PVFC).
F.N.B. will pay roughly $106 million, or $3.98 a share, in stock for the Solon, Ohio, company. PVF has $782 million in assets, $634 million in deposits, $600 million in gross loans and 16 branches. F.N.B. expects to complete the acquisition in the third quarter.