Integra Financial Corp. said Thursday it has agreed to buy Pittsburgh rival Equimark Corp. in a stock swap valued at $282.5 million, or a hefty 2.1 times book value.

The addition of Equimark's $2.8 billion in assets will catapult Integra into the ranks of the nation's top 50 banking companies. The $13.4 billion in combined assets would have ranked it 44th at yearend, up from 62d.

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