PNC Financial Corp. agreed Friday to buy Ohio Bancorp of Youngstown for $249.6 million in stock, or 1.6 times book value.

For PNC, the acquisition of Ohio Bancorp, with $1.8 billion in assets, would represent virtually an in-market merger. The nearest big city to Youngstown is Pittsburgh. PNC also has offices in Sharon, Pa., considered Youngstown's twin city.

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