Pennsylvania

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.

Loan growth and increased fee income helped offset slightly higher expenses in the first quarter.

First Commonwealth in Pennsylvania is turning to a third party’s specialized software as the CECL standard makes forecasting credit losses more complicated. Other banks could follow.

Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.

First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.

Amey Sgrignoli will join the Community Depository Institutions Advisory Council for a three-year term.

Merger will join two CUs originally chartered to serve telephone company employees.

The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania.

The $227 million Valor Federal Credit Union lost more than $2.2 million in 2016 prior to its acquisition by the $21 billion Pentagon Federal Credit Union.

The company is selling common and preferred stock in a private placement.