Parkvale Financial Corporation operates as the holding company for Parkvale Savings Bank, which provides banking services in the greater Pittsburgh metropolitan area. The bank engages in generating deposits and originating loans. Its deposit products include passbook and statement savings accounts, including commercial checking accounts, noninsured sweep accounts, checking accounts, money market accounts, certificates of deposits, IRA certificates, and jumbo certificates of deposit. The bank offers consumer loans, including home equity loans, home equity and personal lines of credit, student loans, personal loans, deposit loans, home improvement loans, and automobile and risk-based loans, as well as residential one-to-four family and multifamily mortgage loans. It primarily invests in U.S. Government and agency obligations, municipal obligations, corporate debt, mortgage-backed securities, and equity securities. As of September 30, 2005, it operated 46 offices, of which 39 were located in Allegheny, Beaver, Butler, Fayette, Washington, and Westmoreland Counties of Pennsylvania; 2 in West Virginia; and 5 offices in Ohio. The company was formed in 1943 and is based in Monroeville, Pennsylvania.
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