Pennsylvania

Orrstown Financial in Shippensburg, Pa., has agreed to pay a $1 million to settle charges that it misled investors as it raised capital in the wake of the financial crisis.

Centric Financial is one of the few publicly traded banking companies with women in the chief executive and chief financial officer roles. Centric is also distinctive for its enviable growth and performance. Those two facts are not purely coincidental, according to President and CEO Patricia Husic.

PNC Financial Services Group plans to increase consumer lending with its current tilt toward commercial loans generating lower overall loan yields.

PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch about $12 billion.

Customers Bancorp in Wyomissing, Pa., is seeking to raise as much as $133.5 million through two avenues: a newly announced preferred stock offering and previously announced secondary sales of common stock.

Groups in North Carolina, Pennsylvania and elsewhere are stepping up efforts to create programs and conferences dedicated to younger bankers, including millennials.

Huntingdon Valley Bank in Pennsylvania has revived its plan for a mutual conversion.

F.N.B. Corp. in Pittsburgh has recruited an executive from the recently sold FirstMerit Bank to spearhead its data-security efforts.

Orrstown Financial Services in Shippensburg, Pa., has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer.

Standard Financial Corp. in Monroeville, Pa., has agreed to buy Allegheny Valley Bancorp in Pittsburgh for $56.5 million.

Elmer Laslo, the chief executive of 1st Summit Bank in Johnstown, Pa., for 39 years, likes to say he manages "by walking around." Not only does his approach resonate with employees in a big way, it has helped keep 1st Summit among the most profitable publicly traded small banks in the country.

Popular among employees: Four times a year, 1st Summit hosts outings partly to recognize employees for jobs well done, but also to give them a chance to socialize with each other. The biggest of these events is a summer picnic, held every August. It includes a softball game and other outdoor activities and is followed by an awards ceremony.

Popular with employees: Muncy Bank employees bring dishes to share for monthly luncheons.

F.N.B. in Pittsburgh plans to retain some Yadkin Financial executives and assign them to key roles after it closes its purchase of the North Carolina bank.

The $185 million-asset bank said in a press release Tuesday that it is offering 800,000 shares of its common stock at a price of $7.50 each.

The $359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief executive on Aug. 22. Biondi is retiring after 12 years on the job.

Customers Bancorp in Wyomissing, Pa., plans to sell $50 million in common stock.

CNB Financial in Clearfield, Pa., has picked a veteran director to be its next chairman, the sixth in the company's 32-year history.

NexTier Bank in Butler, Pa., has tapped its chief operating officer as its next leader.

Susan Ralston plans to stay with Dollar Bank after the Pittsburgh mutual absorbs Bank @tlantec in Virginia Beach, where she is CEO. The longtime executive also plans to keep pushing for reforms designed to preserve the mutual banking model.