Delaware

It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank.

The Delaware company said it recouped nearly two-thirds of the costs it incurred as part of a legal settlement reached earlier this year.

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself.

The Delaware company plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels.

Former postal CU expanding charter, changing core system for first time in 20 years.

Mark Turner will retire at the end of this year. Rodger Levenson, the company's chief operating officer, will take the helm.

The sale includes 160,000 accounts and more than $400 million in deposits.

Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

Attorneys for then-President Robert Harra said he is innocent and will file an appeal. The case centers on a scheme said to have been carried out during the crisis years, before the bank was sold to M&T.

KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan.

This year marks the third consecutive year the league has awarded $125,000 to member credit unions.

The $12 million settlement forced WSFS to reduce its fourth-quarter earnings.

The credit union is running a trio of ads throughout the state that highlight the difference it has made in members' lives.

The company will also record a charge tied to the impairmant of its deferred-tax asset.

Delaware-based CU's new charter will allow it to branch out further into the First State, as well as into Maryland.

The Delaware bank will process payments and provide debit card sponsorship services for SoFi Money, which is set to debut next year.

The disagreement is tied to Walnut Street, an entity formed in 2014 to move certain commercial loans out of the bank. Separately, the company is facing a civil money penalty from the FDIC tied to issues with a third-party payment processor.

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

The tiny Delaware credit union has just over 500 members and will merge into Del-One following losses of more than $45,000 last year.