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The $1.2 billion-asset NexTier said in a press release Wednesday that it will pay $2.3 million, or $531.55 a share, in cash for the $40 million-asset Manor.
December 7 -
TriState Capital Holdings in Pittsburgh has terminated an agreement to buy a fixed-income team.
December 6 -
The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.
November 23 -
ACNB Corp. in Gettysburg, Pa., is planning to enter Maryland with its agreement to buy New Windsor Bancorp in Taneytown, Md.
November 22 -
PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.
November 15 -
Bay Bancorp in Columbia, Md., is defending itself against claims it should be held responsible for embezzlement that allegedly took place at a bank it recently bought.
November 15 -
The former chief executive of NOVA Bank in Berwyn, Pa., will serve more than two years in a federal prison for his role in a fraud scheme involving the Treasury Department's Troubled Asset Relief Program.
November 15 -
The Justice Department has widened its investigation of Fulton Financials mortgage lending practices to include four new units.
November 7 -
Customers Bancorp in Wyomissing, Pa., is raising another $52.5 million from the latest in a series of public offerings this year.
November 4 -
Malvern Bancorp in Paoli, Pa., is planning to open a commercial lending office in a new market.
November 3 - Pennsylvania
F.N.B. Corp. in Pittsburgh will add the president and chief executive of Yadkin Financial to its board after buying the Raleigh, N.C., company.
November 1 - Pennsylvania
Record revenue and a brief respite from merger-related costs helped boost quarterly results at F.N.B. Corp. in Pittsburgh.
October 19 -
Profits at Fulton Financial in Lancaster, Pa., surged 21% in the third quarter compared with a year earlier thanks largely to robust fee income growth and tight expense control.
October 18 -
Northwest Bancshares in Warren, Pa., has agreed to buy Winans Insurance & Employee Benefits in Warren.
October 17 -
WSFS Financial in Wilmington, Del., has bought the assets of West Capital Management in Philadelphia.
October 17 - Pennsylvania
Third-quarter profit at PNC Financial Services Group in Pittsburgh declined on a yearly basis as a higher tax rate and increased expenses ate into improved revenue in both lending and fee-based products.
October 14 -
Bank holding companies in Alabama and Pennsylvania have changed or plan to change their names to more closely reflect the identities of their banks.
October 11 -
Mid Penn Bank in Millersburg, Pa., is expanding its retail presence in one of the state's fastest-growing counties.
October 7 -
Dollar Bank in Pittsburgh ended a 32-year break from acquisitions earlier this year. It didnt take nearly that long for the $7.4 billion-asset mutual to announce its next deal.
October 5 -
First Commonwealth Financial in Indiana, Pa., has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash and stock.
October 3