Pennsylvania

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.

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.

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.

Kim Ruth once served as a state president for Bank of America in Texas.

Higher lending for mortgages, construction and commercial real estate boosted Fulton Financial's profit.

William Davis Jr. was the company’s CEO from 1996 to 2009

Shore Bancshares in Easton, Md., has agreed to buy three branches around Baltimore from Northwest Bancshares in Warren, Pa.

First Midwest Bancorp in Itasca, Ill., has hired the former chief financial officer at Fulton Financial, about two weeks after he announced his resignation from the Lancaster, Pa., company.

First Commonwealth Financial in Indiana, Pa., has hired a former Regions Financial executive to lead several of its consumer lending groups.

A prominent activist investor has pared back its stake in three banks.

F.N.B. Corp. in Pittsburgh has hired an executive to lead its new Charlotte, N.C., office after it completes its deal for Yadkin Financial.