Pennsylvania

More than 100 staffers at the Allentown, Pa.-based credit union took to the picket lines in a dispute with management over compensation and benefits, forcing the credit union to temporarily close at least two branches.

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.

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.

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.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses.

The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses.

Brentwood Bank’s purchase of Union Building and Loan would give it a larger presence around the Steel City.

Matthew Prosseda, former president and CEO of First Keystone Community Bank, was hired by Kafafian Group to advise banks on strategic planning.

The Pittsburgh regional detailed plans to enter a number of new markets with its digital bank and carefully chosen branch openings.

PNC revealed the plan as part of its report of strong second-quarter results, and CEO Bill Demchak said it is an example of the regional bank's growth-oriented investments.

Metro Wire and CityMark Federal Credit Unions are set to merge, with Metro Wire's CEO retiring following the transition.

The regional bank's move is part of an industrywide transformation of call centers and operations centers to handle more complex tasks and trim costs.

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.

While there are many reasons consolidation has slowed in the Keystone State over recent years, several factors in play could lead to a resurgence in activity.

The credit union's current CEO, Paul Wagner, will retire in February 2019, and Marchese will ‘shadow’ him until then.

CB Financial Services said its current CEO, Barron McCune Jr., was retiring and would be replaced by its president.

Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.

Add S&T Bancorp to the list of lenders that appear to have exposure to a Pennsylvania fuel supplier dealing with alleged employee fraud.