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F.N.B. Corporation
F.N.B. to buy parent of Baltimore County Savings Bank

F.N.B. Corp. announced Friday it plans to acquire BCSB Bancorp, the parent of Baltimore County Savings Bank, in a stock swap valued at about $79 million. BCSB's share price jumped $4.82 after the announcement on Friday to close at $21.79. F.N.B.'s stock fell 34 cents to $11.09 per share. With this acquisition, F.N.B. will gain $640 million in assets and 16 banking offices across Baltimore, Harford and Howard counties. F.N.B., based in Hermitage, Pa., has $12.4 billion in assets and more than 250 branches in Ohio, Pennsylvania, Maryland and West Virginia. F.N.B. entered the Maryland market earlier this year with the acquisition of Annapolis Bancorp in Anne Arundel County. With...

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