Pittsburgh-based F.N.B. Corp. has acquired five Pennsylvania branch offices of Bank of America, two of which are in Berks County.
The branches are in the Berkshire Mall in Wyomissing and in the Madeira Plaza along Fifth Street Highway in Reading.
The others are in Chester and Lancaster counties.
The acquisition involves about $280 million in deposits.
“In addition to acquiring deposits to support our growth needs, these branches will be additive to our 220 locations across the state and will enable our regionally based product specialists in wealth, insurance and banking to compete more effectively in these counties,” said Vincent J. Delie Jr., president and CEO of F.N.B.
This is the second acquisition announced by the banking company this month. It also acquired 17 Pittsburgh-area bank branches from Fifth Third Bank.
With these latest acquisitions, First National Bank, which has assets of $19.6 billion, operates 225 branches across Pennsylvania.