Shareholders of Comm Bancorp Inc. have approved the Clarks Summit, Pa., company's sale to F.N.B. Corp. in Hermitage, Pa.
The deal, valued at $70 million, was announced in early August. Comm shareholders are to receive about 3.5 shares of F.N.B. common stock and $10 in cash for each Comm share. F.N.B. has $9 billion in assets, and Comm is a $652.8 million-asset company.
The transaction is expected to close on Dec. 31, the companies said in a Dec. 3 press release.