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M&A Deal Summary

Clearfield Bank & Trust Co. Acquires First Commonwealth Bank - 5 Branch Offices

On December 13, 2005, Clearfield Bank & Trust Co. acquired financial services company First Commonwealth Bank - 5 Branch Offices from First Commonwealth Bank

Acquisition Highlights
  • This is Clearfield Bank & Trust Co.’s 1st transaction in the Financial Services sector.
  • This is Clearfield Bank & Trust Co.’s 1st transaction in the United States.

M&A Deal Summary
Date 2005-12-13
Target First Commonwealth Bank - 5 Branch Offices
Sector Financial Services
Buyer(s) Clearfield Bank & Trust Co.
Sellers(s) First Commonwealth Bank
Deal Type Divestiture

Target

First Commonwealth Bank - 5 Branch Offices

United States
First Commonwealth Bank branch offices located in Huntingdon, Mount Union, Saxton, Three Springs and Williamsburg, PA with 108.4 million of deposit liabilities associated with these offices.

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Buyer(S) 1

Buyer

Clearfield Bank & Trust Co.

Clearfield, Pennsylvania, United States
Category Company
Founded 1902
Sector Financial Services
DESCRIPTION

Clearfield Bank & Trust, operates 12 community offices throughout Blair, Centre, Clearfield and Huntingdon Counties. For consumer and businesses, the Bank provides a variety of deposit accounts, affordable loans, online banking, trust & investment services.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

First Commonwealth Bank

Indiana, Pennsylvania, United States
Category Company
Founded 1880
Sector Financial Services
DESCRIPTION

First Commonwealth Bank provides personal, small business, and corporate banking, as well as investment, and trust and estate planning services.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
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