For Tower, Amended Deal is Addition by Subtraction

Tower 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

Susquehanna 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

With 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

New 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

First 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

While 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

DNB 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%

Harleysville National Corp. of Pennsylvania announced Friday that its fourth-quarter net income fell 26% year over year, to $2.8 million.

Executive Changes

Pennsylvania Fire Sale Preferred to Big Dilution

First 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

Unable 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

Royal 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

A 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

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