State Coverage: Pennsylvania

VIST of Pa. Swings to 4Q Loss on Goodwill Impairment Charge

American Banker | Feb 09

VIST Financial Corp. in Wyomissing, Pa., said after markets closed Thursday that it lost $24.6 million in the fourth quarter after it wrote down $25 million of goodwill in connection with its pending sale to Tompkins Financial Corp. of Ithaca, N.Y.

Commercial National of Pa. Reports 44% Jump in 4Q Profit

American Banker | Feb 07

Commercial National Corp. in Latrobe, Pa., said Tuesday that its fourth-quarter net income climbed 44% from the same period in 2010, to $1.2 million, as lower funding costs and increased income from investments more than offset a decline in loan balances.

Profits Up 32% at CNB of Pennsylvania

American Banker | Feb 02

Fueled by solid loan growth and sharply lower funding costs, CNB Financial Corp. in Clearfield, Pa., said Thursday that net income in the fourth quarter climbed 32% from the same period in 2010, to $3.9 million.

Susquehanna Reports Higher Earnings on Widespread Improvements

American Banker | Jan 25

Susquehanna Bancshares Inc. in Lititz, Pa., reported Wednesday that its fourth-quarter earnings nearly doubled from a year earlier, to $19.1 million, on improvements in areas such as lending, fee income and a reduction of problem assets.

Results for Northwest Bancshares Aided by Better Credit Quality

American Banker | Jan 23

Northwest Bancshares Inc. in Warren, Pa., said Monday that its fourth-quarter profits climbed 19%, to $15.2 million, from a year earlier as credit quality improved and fee income from trust and insurance services rose.

Regulators Seize Three Banks in First Failures of 2012

American Banker | Jan 20

In the first three closures of the year, regulators shuttered institutions in Georgia, Florida and Pennsylvania.

Regulators Approve Susquehanna’s Planned Purchase of Tower Bancorp

American Banker | Jan 11

Susquehanna Bancshares Inc. in Lititz, Pa., said it expects to complete its acquisition of Tower Bancorp in Harrisburg, Pa., on Feb. 17 after securing regulatory approval.

Buyers Valley National (N.J.), F.N.B. (Pa.) Poised to Complete Separate Deals

American Banker | Dec 30

Two acquirers tied up some loose ends Friday as the yearend approached.

Susquehanna Shedding Jobs in Pennsylvania and Maryland

American Banker | Dec 28

Susquehanna Bancshares Inc. in Lititz, Pa., is planning to eliminate nearly 350 jobs in Pennsylvania and Maryland, according to notices it filed with labor departments in both states this month.

Republic First in Philadelphia Sheds Problem Assets

American Banker | Dec 21

Shares of Republic First Bancorp Inc. soared Wednesday after the Philadelphia company announced that it had sold $59 million of mostly problem real estate loans to a single investor.

Parkvale Shareholders Approve Sale to F.N.B. Corp.

American Banker | Dec 16

Shareholders for Parkvale Financial Corp. in Monroeville, Pa., have approved the company's sale to F.N.B. Corp.

Beneficial Mutual in Deal to Merge Philadelphia Financial Institutions

American Banker | Dec 06

Beneficial Mutual Bancorp Inc. of Philadelphia has agreed to acquire SE Financial Corp.

Royal Bancshares of Pennsylvania Regains Nasdaq Compliance

American Banker | Dec 02

Royal Bancshares of Pennsylvania Inc. in Narberth, Pa., said Friday in a regulatory filing that it was once again in compliance with the Nasdaq's listing requirement for minimum bid prices.

After Restatement, Pa. Bank Reports $44 Million Loss for '09

American Banker | Dec 02

First National Community Bancorp Inc. in Dunmore, Pa., said Friday that it had restated financial results for 2009 and two quarters in 2010 after an internal audit uncovered inaccuracies in its accounting for loans losses.