Fifth Third Bank selling its 17 Pittsburgh-area branches
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PITTSBURGH – A Cincinnati-based retail bank is selling its 17 Pittsburgh-area branches.
Fifth Third Bank announced Thursday it is selling those 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.
Fifth Third has one branch in Washington County, in Canonsburg at 2620 Washington Road. It also has ATM services there and at the Iceoplex at Southpointe.
Spokeswoman Laura Trujillo told the Pittsburgh Tribune Review the bank aspires to be a significant market player, but thought the investment required to do that in Pittsburgh was too high.
First National Bank of Pennsylvania is a subsidiary of Pittsburgh-based FNB Corp. and has been expanding its reach in recent years.
Customers will be contacted about the transfer of their accounts in coming months.