Roundup: Fidelity shareholders to vote on merger; fire engine house for sale
Fidelity shareholders to vote on merger with Wesbanco
Shareholders of Fidelity Bancorp Inc., Perrysville, are scheduled to vote Tuesday on the savings bank's pending merger into Wesbanco Inc., according to a filing with the Securities and Exchange Commission. The West Virginia bank agreed to acquire Fidelity for about $71 million in cash and stock last July. The filing also states the two banks settled on Nov. 16 a shareholder lawsuit that had alleged bank officials breached their fiduciary duties in setting the merger terms. The banks agreed to disclose more details about the merger transaction in exchange for the shareholder dropping the lawsuit. Fidelity operates 13 branches in the Pittsburgh area.
Former fire engine house for sale
The former fire engine house No. 16 in Pittsburgh's Point Breeze neighborhood is available for purchase. The Urban Redevelopment Authority of Pittsburgh issued a request for development proposals for the structure at Penn and N. Lang avenues. A guided tour of the building will be held at 11 a.m. Nov. 28, followed by a question-and-answer session at 2 p.m. Dec. 6, at the URA's 13th-floor office, 200 Ross St., Downtown. The Point Breeze Development Corp. is participating in the proposal review process. Proposals are due by noon Dec. 13, with a decision by the URA board of directors expected on Feb. 14. For further details, contact Lisa Moses at email@example.com or call 412-255-6566.
— Staff and wire reports
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