F.N.B. executives had long eyed PVF Capital as a way to get bigger in Cleveland, but they waited for others to clean up its problems first.

"We don't like to do deals for the extremely troubled," Vincent J. Delie Jr., the president and chief executive of F.N.B. (FNB) in Hermitage, Pa., said Tuesday after agreeing to pay $106.4 million for PVF, which turned the corner last year.

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