A Pennsylvania bank merger pact was signed.

Fidelcor, parent of Philadelphia-based Fidelity Bank, said it had concluded a definitive agreement to acquire IVB Financial, the holding company for Industrial Valley Bank & Trust. The merger of Fidelity and Industrial Valley, which rank third and 12th, respectively, in Pennsylvania, will create the state’s second-largest bank. Under terms of the agreement, Fidelcor, with $6.2 billion in assets, will purchase all of the outstanding shares and warrants of IVB Financial, with $2.1 billion in assets, for $168 million.