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Fresh Ink.(banking industry)(Brief Article)

1. First Community Bancorp agreed to buy Cedars Bank for $120 million in cash. Cedars, which will be merged into First Community's Los Angeles unit, Pacific Western National Bank, will strengthen its Southern California footprint. First Community has about $2.8 billion in assets. After this acquisition and a pending deal for Pacific Liberty, it will have $3.7 billion.

2. National Penn Bancshares plans to buy Nittany Financial for $96.5 million in a cash and stock deal. When the deal closes, Penn expects to have assets of more than $5 billion. National Penn said that Ni

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