Pennsylvania

The $9 billion-asset company said in a press release Monday that it will incur about $5 million in additional expenses during the first half of this year to cover the cost of closing the offices.

Malvern Bancorp in Paoli, Pa., on Wednesday reported a profit for its first fiscal quarter of 2016 and said the Office of the Comptroller of the Currency had lifted a formal written agreement with its Malvern Federal Savings Bank subsidiary dating to October 2014.

The $649 million-asset holding company for Malvern Federal Savings Bank promoted Karen Walter to chief operating officer.

Customers Bancorp in Wyomissing, Pa., plans to raise $24 million in an offering of its preferred stock on the New York Stock Exchange.

PNC Financial Services Group in Pittsburgh has tapped Karen Larrimer to lead its retail banking division.

Bryn Mawr Bank in Pennsylvania reported a quarterly loss after terminating its pension plan.

F.N.B. in Pittsburgh said Thursday that its fourth-quarter profit fell 0.5% from a year earlier, to $37.1 million.

Anthony Weagley is combining a new emphasis on wealth management with Malvern's reputation as a small-town community bank to bolster the Pennsylvania company's financial performance.

Fulton Financial in Lancaster, Pa., reported a slight increase in its fourth-quarter profit as strong fee-income growth helped to offset a decline in its net interest margin.

Firstrust Bank has signed a marketing deal with the Philadelphia 76ers, even though the NBA team plays in an arena emblazoned with the name of another bank — and will until 2024.