Pennsylvania

Orrstown Financial Services (ORRF) in Shippensburg, Pa., will cut 32 jobs in its operations and retail branches after implementing technology upgrades.

ERIE, Pa. — A tip from a Widget Financial employee has uncovered a massive nationwide fraud scheme.

Fulton Financial (FULT) in Lancaster, Pa., reported higher quarterly profit that benefited from a cost-cutting initiative.

Republic First Bancorp (FRBK) in Philadelphia has raised $45 million through a private placement.

First Commonwealth Financial (FCF) in Indiana, Pa., reported higher quarterly profit because of reduced loan-loss provisions and lower operating costs.

RKJS Bank, an interim company formed by a group of local Baltimore investors, won First Mariner's bankruptcy auction Tuesday after National Penn Bancshares (NPBC) in Allentown, Pa., withdrew its offer.

National Penn Bancshares (NPBC) in Allentown, Pa., swung to a profit in the first quarter thanks to commercial loan growth and one-time factors that offset lower mortgage banking revenue.

National Penn Bancshares (NPBC) in Allentown, Pa., dropped out of the auction Tuesday afternoon after U.S. Bankruptcy Court Judge David Rice agreed to reopen bidding for First Mariner.

CB Financial Services (CBFV) in Carmichaels, Pa., has agreed to buy FedFirst Financial (FFCO) in Monessen, Pa.

First Mariner's holding company, First Mariner Bancorp (FMAR), filed for Chapter 11 bankruptcy in February as part of a $100 million recapitalization plan.

How are CUSOs helping credit unions and their members?

First Commonwealth Financial (FCF) in Indiana, Pa., has a new chief financial officer.

Pathfinder Bancorp (PBHC) in Oswego, N.Y., is planning to convert from a mutual thrift to a fully public holding company.

The Pennsylvania Senate has unanimously confirmed James Biery as a commissioner of the Pennsylvania Banking and Securities Commission.

Bank holding companies earned a record $3.4 billion from the sale of annuities last year, up 9% from a year earlier, according to a report released Tuesday by Michael White Associates of Radnor, Pa.

Banks everywhere are evaluating their odds of survival, which takes capital. Mutuals are at a disadvantage in that regard but are looking to change that through new legislation.

F.N.B. Corp. (FNB) in Hermitage, Pa., has agreed to buy OBA Financial Services (OBAF) in Germantown, Md.

Customers Bancorp (CUBI) in Wyomissing, Pa., disclosed unexpectedly high sequential loan growth in the first quarter.

Peoples Financial Services in Scranton, Pa., will begin trading on the Nasdaq on April 2.

First Commonwealth Financial (FCF) in Indiana, Pa., is bringing its corporate banking business to Ohio.