JOHNSTOWN, Pa. Promistar Financial Corp. has agreed to acquire FNH Corp. of Irwin, Pa., the closely held parent of $302 million-asset First National Bank of Herminie, for $40.4 million of stock.
FNH has nine branches in Westmoreland County, just outside Pittsburgh, where $2 billion-asset Promistar is seeking to increase its presence.
The deal was announced Sunday and is expected to close in July. Each share of FNH would be exchanged for 15 shares of Promistar.
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