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Ky. regulator approves First Commonwealth/First Guaranty Bank deal

The Kentucky Department of Financial Institutions on May 2 approved First Commonwealth Bank of Prestonsburg Inc.'s acquisition of Martin, Ky.-based First Guaranty Bank, according to the state regulator's banking applications activity report.

The deal was announced in February.

Prestonsburg, Ky.-based First Commonwealth is a unit of First Prestonsburg Bancshares Inc.