Bank of Kentucky Financial Corp. announced Monday that it has agreed to acquire FNB Corp. Inc. of Fort Mitchell, Ky., for $22 million in cash.
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The deal would give the $975 million-asset Bank of Kentucky, in Crestview Hills, its first branch in Fort Mitchell and its 12th in Kenton County. It would also make it No. 1 in market share in the county, according to Federal Deposit Insurance Corp. statistics.
The deal is expected to close in the second quarter. The $78 million-asset FNB's subsidiary, First Bank of Northern Kentucky, is to be merged into Bank of Kentucky.
