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Shareholders OK Standard Financial-Allegheny Valley Bancorp MOE

In Pennsylvania, shareholders of Monroeville-based Standard Financial Corp. and Pittsburgh-based Allegheny Valley Bancorp Inc. approved the companies' pending merger of equals.

Under the deal, Allegheny shareholders will receive 2.083 shares of Standard Financial common stock for every share they held.

The deal has received all the necessary regulatory approvals and is expected to close on April 7.