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The company, which will officially report results later this week, took hits tied to its planned spinoff of BankMobile and losses tied to an overseas investment.
October 23 -
Bob Ramsey, who had worked for FBR Capital Markets for more than a decade, will handle investor relations and strategic planning at Customers.
October 12 -
Quaint Oak in Pennsylvania is making a big push in real estate brokerage, a business that many state-chartered banks might think is illegal for them to pursue.
September 5 -
Bryn Mawr Bank has launched a mutual fund at a time when heightened competition and regulatory oversight are the norm.
August 22 -
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal.
July 24 -
The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.
July 20 -
Leaf Commercial Capital originates about $500 million in loans annually tied to equipment and software purchases.
July 20 -
Pennsylvania CU is switching to new vendor because of system’s open architecture.
July 7 -
Customers Bancorp is weighing two cash offers and other options for BankMobile after Flagship Community Bank was unable to raise the capital needed to buy the unit.
May 31 -
The rising regional player has also appointed new chairs for four board committees as it prepares for the retirement of several long-serving directors.
May 23 -
Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process would take too long.
May 23 -
Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections.
April 25 -
Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina.
April 25 -
Loan growth and increased fee income helped offset slightly higher expenses in the first quarter.
April 18 -
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.
April 4 -
Mid Penn agreed to pay $59 million for Scottdale Bank in a deal that is expected to close in the third quarter.
March 29 -
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.
March 29 -
Amey Sgrignoli will join the Community Depository Institutions Advisory Council for a three-year term.
March 28 -
Merger will join two CUs originally chartered to serve telephone company employees.
March 3 -
The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania.
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