ESB Financial Corp. in Pittsburgh is planning to buy SHS Bancorp in Ellwood City, Pa., for about $13.7 million of cash and stock.

The $981 million-asset parent of ESB Bank said it would exchange 1.3 share of its stock, or $17.80 in cash, for each share of SHS stock. ESB was trading at $13 a share at middafternoon Friday, and SHS stock was at $15.625.

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