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State regulator approves Standard Financial/Allegheny Valley Bancorp deal

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State regulator approves Standard Financial/Allegheny Valley Bancorp deal

The Pennsylvania Department of Banking and Securities on Dec. 8 approved Monroeville, Pa.-based Standard Financial Corp.'s application to acquire Pittsburgh-based Allegheny Valley Bancorp Inc.

Allegheny Valley Bancorp is the holding company for Allegheny Valley Bank of Pittsburgh. Standard Financial is the parent of Standard Bank PaSB.