Pennfirst Bancorp near Pittsburgh has agreed to buy $92.2 million-asset Troy Hill Bancorp for nearly $24 million in cash and stock.

The agreement would enhance $697 million-asset Pennfirst's presence in Allegheny County and add two branches. Troy Hill Bancorp, also based near Pittsburgh, would operate as a separate subsidiary of Pennfirst for at least a year. A Troy Hill board member would join the Pennfirst board.

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