First Western Bancorp said Monday that it has a deal to buy 16 western Pennsylvania branches from Pittsburgh-based PNC Bank Corp.

First Western would buy about $415 million of deposits and $71 million of loans from PNC for about $58 million cash. The transaction is expected to close by the end of the second quarter.

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.