Metro

Fifth Third Bank to sell its 17 Pittsburgh-area branches

  • Courier Newsroom

GRAND OPENING—Pittsburgh Mayor Luke Ravenstahl, prepares for the ribbon cutting at the new Fifth third Bank branch in the Hill District. Joining him, from left: James M. Ferguson III, Jada Grandy, Lloyd Wright, Tonya Payne, Jill Sandilla, Mark Jones, Will Moode, Ralph Parks and Norman Marraccini.
GRAND OPENING—In this Oct. 15, 2009 file photo Pittsburgh Mayor Luke Ravenstahl, prepares for the ribbon cutting at the new Fifth Third Bank branch in the Hill District. Joining him, from left: James M. Ferguson III, Jada Grandy, Lloyd Wright, Tonya Payne, Jill Sandilla, Mark Jones, Will Moody, Ralph Parks and Norman Marraccini. (Courier Photo/File)

PITTSBURGH (AP) _ A Cincinnati-based retail bank is selling its 17 Pittsburgh-area branches.
Fifth Third Bank announced Thursday it’s selling the branches to First National Bank of Pennsylvania. The sale is expected to close in early 2016 and is part of a larger consolidation.
Fifth Third Bank had announced plans in June to shutter or sell about 100 of its 1,300 branches nationwide because of a customer-shift toward electronic banking.
Spokeswoman Laura Trujillo tells the Pittsburgh Tribune Review they aspire to be significant market players, but they thought the investment required to do that in Pittsburgh was too high.
First National Bank of Pennsylvania is a subsidiary of FNB Corp. and has been expanding its reach in recent years.
Customers will be contacted about the transfer of their accounts in the coming months.
 

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