The office of the comptroller of the currency has approved the proposal to merge Metro Bank into First National Bank of Pennsylvania, FNB’s bank subsidiary, subject to the standard waiting period prescribed under the federal banking laws.

“We are pleased with the receipt of these important federal regulatory approvals which enables FNB to proceed with the proposed merger with Metro as planned,” said Vincent J. Delie, Jr., president and CEO of FNB. “Our continuous investment in our risk management function, which includes experienced personnel and integrated systems, makes FNB a proven leader in merger integration, and we look forward to welcoming Metro shareholders, clients and employees.”

The Federal Reserve Bank of Cleveland has granted FNB an exemption from its merger application requirement regarding the merger of the banks’ parent companies.

The proposed merger is subject to the vote of the FNB and Metro shareholders at their respective special shareholders meetings scheduled for January 14, 2016. In addition, the transaction, which remains subject to approval by the Pennsylvania Department of Banking and Securities and the satisfaction of other customary conditions to closing, is expected to be completed on February 12, 2016.