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Regulators approve First Commonwealth Financial/DCB Financial merger

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Regulators approve First Commonwealth Financial/DCB Financial merger

The proposed merger of Lewis Center, Ohio-based DCB Financial Corp and Indiana, Pa.-based First Commonwealth Financial Corp. has received all required regulatory approvals.

The FDIC and the Pennsylvania Department of Banking and Securities approved Delaware County Bank and Trust Co.'s proposed merger into First Commonwealth Bank. The state regulator also approved DCB Financial's proposed merger into First Commonwealth, and the Federal Reserve Bank of Cleveland granted First Commonwealth Financial a waiver of its merger application requirements.

Shareholders of DCB Financial will vote on the proposed merger at a special meeting on March 16.

The deal is expected to be completed April 3.