BT Financial Corp., Johnstown, Pa., said late Thursday that it has a deal to buy First Philson Financial Corp. for $81 million in stock.

The parent of First Philson Bank, which has $214 million of assets and 10 branches, is based in Berlin, Pa. The acquisition is expected to close by mid-1999.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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