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FIRST WESTERN BANK, N.A. ANNOUNCES ACQUISITION OF CENTURY NATIONAL BANK & TRUST COMPANY'S MOON TOWNSHIP OFFICE

 NEW CASTLE, Pa., Oct. 13 /PRNewswire/ -- Century National Bank & Trust Company and First Western Bank, N.A. have jointly announced the signing of an agreement whereby First Western Bank will purchase Century National Bank's Moon Township, Pa., office with approximately $16 million in deposits.
 The Moon office is located in the West Hills Shopping Center, Coraopolis, Pa.
 The announcement was made by Joseph N. Tosh II, president and chief executive officer of Century National Bank & Trust Company, and Stephen R. Sant, president and chief executive officer of First Western Bank, N.A.
 First Western Bank has initiated the process of obtaining the necessary approvals from the appropriate regulatory agencies. The sale is expected to be completed early in the first quarter of 1994.
 First Western Bank is the result of the recent consolidation of the Beaver Trust Company and First National Bank of Western Pennsylvania, with 22 community offices located in four counties in western Pennsylvania. First Western Bank's total assets exceed $900 million and it is the lead bank of First Western Bancorp, Inc. (NASDAQ: FWBI), a $1.3 billion asset size bank holding company headquartered in New Castle.
 First Western has made a strategic decision to expand its presence in western Pennsylvania with its second office in Allegheny County. Since the branch employees will also be joining First Western, customers will enjoy uninterrupted community bank services coupled with a wide variety of products designed to meet their banking needs.
 Tosh said the sale is a direct result of the ongoing assessment of Century's branch delivery network to achieve optimum efficiencies of operations.
 Century National Bank is an independent community bank and subsidiary of Century Financial Corporation, Rochester, Pa. Century currently operates 14 community banking offices located in Beaver, Butler and Allegheny counties with assets of $310 million.
 -0- 10/13/93
 /CONTACT: Robert H. Young, senior vice president-finance, secretary and treasurer, of First Western Bancorp, 412-652-8550; or C. David Becker, vice president-marketing, of Century National Bank, 412-773-1007/
 (FWBI)


CO: Century National Bank & Trust Company; First Western Bank, N.A.;
 First Western Bancorp, Inc. ST: Pennsylvania IN: FIN SU: TNM


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Publication:PR Newswire
Date:Oct 13, 1993
Words:360
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