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American Banker - On Focus and In Depth

Saturday, November 21, 2009, as of 02:15 AM EDT

State Coverage: Pennsylvania

VIST Financial Revises Results

American Banker | Nov 11

Because of accounting errors, VIST Financial Corp. in Wyomissing, Pa., is revising its results for the past four quarters.

Metro Swings to Loss, Gets Capital Infusion

American Banker | Oct 28

Metro Bancorp swung to a $490,000 loss in the third quarter, but said it plans to use the $77.9M of capital it just raised to complete its pending acquisition of Republic First and ...

Two Suitors Despite Host of Problems

American Banker | Oct 15

Most struggling bank companies are clamoring for someone, anyone willing to help, but Patriot National Bancorp of Stamford, Conn., is sizing up its suitors.

Fiserv to Sell Loan Fulfillment Unit

American Banker | Sep 29

The financial technology company Fiserv Inc. announced Monday that it has agreed to sell its Loan Fulfillment Solutions unit to ISGN Corp. of Bensalem, Pa.

CEO to Buy Out Pa.'s Royal Asian Bank

American Banker | Sep 29

The president and chief executive officer of Royal Asian Bank in Philadelphia is leading a group of investors that struck a deal to buy it.

Metro Offering Tied to Its Republic Deal

American Banker | Sep 22

Metro Bancorp in Harrisburg, Pa., plans to sell $75M of its common stock, in an offering that could help smooth its pending acquisition of Republic First Bancorp in Philadelphia.

Capital Plans Mull U.S. Repay

American Banker | Sep 09

At least two community banking companies announced plans Tuesday to raise capital, some of which may be used to repay government capital.

NCUA Seizes Pennsylvania Credit Union

American Banker | Sep 01

The National Credit Union Administration seized the tiny Free Choice Federal Credit Union in Philadelphia on Friday, bringing the number of credit union failures this year to 12.

Mutual Conversion Outlook Brightening

American Banker | Sep 01

Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.

Parsing Pennsylvania Deal's Unusually Long Delay

American Banker | Aug 19

The proposed merger of two Pennsylvania companies with ties to Vernon W. Hill 2nd has been touted as the second coming of Commerce Bank. But more than nine months on, regulators have yet to bless the deal.

Pennsylvania's New Century Sets Warehouse Push

American Banker | Jul 28

Under Jay Sidhu, the former chairman and CEO of Sovereign Bancorp, New Century Bank, plans to launch an aggressive mortgage warehouse lending initiative.

First Niagara Continues Pennsylvania Push

American Banker | Jul 28

First Pittsburgh. Now Philadelphia. And New York's First Niagara Financial Group says there's more to come.

F.N.B Profit Down, But Progress in Florida

American Banker | Jul 27

F.N.B. Corp. in Hermitage, Pa., said Friday it made progress on reducing its troubled Florida loans.

S&T Shares Slip on Spike in Chargeoffs

American Banker | Jul 21

S&T Bancorp in Indiana, Pa., said it swung to a $10.2M loss in the second quarter, from a $13.9 million profit a year earlier, mostly because chargeoffs spiked to ...

Sidhu's Back, But Insists He Has a Different Playbook

American Banker | Jun 22

As Jay S. Sidhu takes the helm of a small bank in the Philadelphia suburbs, he aims to recreate some of what he achieved at Sovereign Bancorp Inc.