WesBanco to acquire Fidelity Bancorp in $70 million deal (Philadelphia, Pittsburgh: buying, shop)

[Evergrey]

WesBanco to acquire Fidelity Bancorp in $70.8 million deal - Pittsburgh Post-Gazette

...

WesBanco has worked out a deal to acquire Fidelity Bancorp, a small West View bank whose operations will help push the Wheeling, W.Va., bank further into the Pittsburgh market.

...

Combining the two banking companies will produce one institution with about $6.3 billion in total assets, according to the official release.

...

Fidelity has 13 offices along the Route 19 corridor, while WesBanco operates 120 locations and 120 automated teller machines in three states.

...

[MathmanMathman]

Hopefully they'll move their headquarters to Pittsburgh.

[Blackbeauty212]

Why do I get the feeling all these smaller banks merging is just going to lead to Pittsburgh have more "Too Big to fail" banks coming a shore....Right now PNC pretty much has Pittsburgh as a "too big" bank on Lock, but in 10 years time I do see that being challenged with more of these regional banks being swallowed up (as well as maybe even Citizens), the Burgh has an overload of them.

I do see 2 or maybe even 3 national banks buying their way into the Burgh.....I'm hearing Chase is already looking to get into PA as its the only state in the Northeast where it doesn't have a presence. We already know BofA want to be Everywhere they already have ATM in the Burgh with no offices. Citibank has set up shop in Philadelphia and is moving westward. Wells Fargo already big in the Eastern side of the state, could they too be looking to move West?

[MathmanMathman]

True, we might be consolidating our way to a few banks covering the country. Hopefully one will be PNC. If Mellon had played its cards better, it might have taken over Wachovia rather than Wells Fargo.

But other banking upstarts still continue to pop up. Must be easier than it looks.

[Evergrey]

WesBanco finally finds way into Pittsburgh with Fidelity deal - Pittsburgh Business Times

But southwestern Pennsylvania had been on WesBanco’s radar long before the surge in shale activity, Young said, and it expects to be a major player in the Pittsburgh region, particularly in the small business ...

[dissident]

Drop them all and go with Northwest Savings, headquartered in Warren PA. No, I don't work for them -- but they're really great.

[bradjl2009]

Originally Posted by dissident

Drop them all and go with Northwest Savings, headquartered in Warren PA. No, I don't work for them -- but they're really great.

I know someone who works for them. : But I've also heard good things about them too.