Competition intensified in south-central Pennsylvania this week when the bank company with the fourth-largest market share announced that it was buying the one with the sixth-largest.

Harris Financial Inc. in Harrisburg said Tuesday that it had a deal to buy $1.7 billion-asset York Financial - probably for about $179.5 million of stock. The combined company would have 62 branches and $4.5 billion of assets. Its $2.5 billion of deposits would be 13.3% of the regional total, and the company would rank second by that measure in Dauphin, Cumberland, York, Lancaster, and Lebanon counties.

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.