BT Financial Corp. has an agreement to buy $242 million-asset Moxham Bank Corp. and its two subsidiaries, Moxham National Bank in Johnstown and First National Bank of Garrett.
The two subsidiaries would be merged into BT's largest subsidiary, Johnstown Bank and Trust Co.
The agreement is subject to shareholder and regulatory approval. No price or other details were announced.
After the Moxham acquisition and the previously announced purchase of Armstrong County Trust are completed, BT, which has $1.2 billion of assets, would have $1.5 billion.