DCB: Pennsylvania bank clears hurdle in $106M purchase of Delaware County Bank

Delaware County Bank is a step closer to being acquired. Pennsylvania's First Commonwealth Financial Corp. has received regulatory approval for its planned $106 million purchase of the Lewis Center-based bank and its parent company DCB Financial Corp., the companies said Monday. The Federal Deposit Insurance Corp. and the Pennsylvania Department of Banking and Securities both approved the deal. The Federal Reserve Bank of Cleveland has granted First Commonwealth a waiver of its merger application...