State Coverage: Pennsylvania
Fox Chase to Convert to Stock Company
American Banker | Mar 15Fox Chase Bancorp Inc. in Hatboro, Pa., has become the latest converted mutual to announce a second-step conversion.
For Tower, Amended Deal is Addition by Subtraction
American Banker | Mar 12Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.
Susquehanna Raising Capital
American Banker | Mar 10Susquehanna Bancshares Inc. of Lititz, Pa., announced it is raising as much as $395 million in capital and said it could use some of the money to repay the Treasury Department.
Sidhu, Old M&A Hand, Is Back in the Hunt
American Banker | Feb 26With an overflowing pot of capital at his small New Century Bank, Jay S. Sidhu is ready to make some big deals.
New Century Adds to Its Capital Stash
American Banker | Feb 22New Century Bank, Jay S. Sidhu's most recent endeavor, has increased its capital by 180% as it seeks to embark on a major growth spurt.
First National of Pennsylvania Posts 2009 Loss
American Banker | Feb 19First National Community Bancorp Inc. of Dunmore, Pa., reported a loss of $11.3 million for 2009, citing a more than tenfold increase in its provision for credit losses.
Firstrust Team Thriving After Return to Community Banking
American Banker | Feb 19While many financial advisers continue to seek either the comforts of a megafirm or the independence of a registered investment advisory group, Adam Sherman, David Fleisher ...
DNB Report Quarterly Profit of $573,000
American Banker | Feb 08DNB Financial Corp. in Downington, Pa., Friday reported fourth-quarter earnings of $573,000 compared with a loss of $230,000 for the year-earlier quarter.
Harleysville Earnings Decline 26%
American Banker | Feb 01Harleysville National Corp. of Pennsylvania announced Friday that its fourth-quarter net income fell 26% year over year, to $2.8 million.
Executive Changes
American Banker | Jan 28Pennsylvania Fire Sale Preferred to Big Dilution
American Banker | Dec 29First Chester County executives have decided that selling the bank at a steep discount to another Pennsylvania company is a better option than remaining an independent, struggling institution.
Metro Again Postpones Republic First Acquisition
American Banker | Dec 28Unable to gain timely regulatory approval, Metro Bancorp Inc. has again delayed its acquisition of Republic First Bancorp Inc. in Philadelphia.
Royal Calls Off Sale of Unit
American Banker | Dec 23Royal Bancshares of Pennsylvania announced it has terminated an agreement to sell its Royal Asian Bank unit to a group of investors.
Emclaire of Pennsylvania Nixes Capital Raise
$20M offering too dilutive at current prices, says the (well capitalized) bank
American Banker | Dec 08A month after announcing plans to raise $20M, Emclaire Financial in Emlenton, Pa., has called off its stock offering. The company cited poor pricing caused by unfavorable ...
VIST Financial Revises Results
American Banker | Nov 11Because of accounting errors, VIST Financial Corp. in Wyomissing, Pa., is revising its results for the past four quarters.
More Pennsylvania News
- Metro Swings to Loss, Gets Capital Infusion
- Two Suitors Despite Host of Problems
- Fiserv to Sell Loan Fulfillment Unit
- CEO to Buy Out Pa.'s Royal Asian Bank
- Metro Offering Tied to Its Republic Deal
- Capital Plans Mull U.S. Repay
- NCUA Seizes Pennsylvania Credit Union
- Mutual Conversion Outlook Brightening
- Parsing Pennsylvania Deal's Unusually Long Delay
- Pennsylvania's New Century Sets Warehouse Push
- First Niagara Continues Pennsylvania Push
- F.N.B Profit Down, But Progress in Florida
- S&T Shares Slip on Spike in Chargeoffs
- Sidhu's Back, But Insists He Has a Different Playbook
- Sidhu to Oversee New Century of Pennsylvania