Pennsylvania

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

Under pressure from its largest shareholder to beef up its capital base, Polonia Bancorp in Huntingdon Valley, Pa., has announced that it is planning to become a 100% stock-owned company.

Parkvale Financial Corp. in Monroeville, Pa., said late Tuesday that it plans to restate financial information for two fiscal years to correct an error tied to deposit insurance.

A pair of banking companies said Friday that they have been approved for participating the in the Small Business Lending Fund and plan to use the funds to exit the Troubled Asset Relief Program.

Buoyed by improving asset quality, National Penn Bancshares reported earnings of $23.3 million in the second quarter, compared to a loss of $5.5 million in the same period last year.

Northwest Bancshares Inc. in Warren, Pa., said this week that its second-quarter earnings were down 7% from the same period last year, to $15 million, due largely to costs related to an employee stock-benefit plan.

F.N.B. Corp. in Hermitage, Pa., reported that its second quarter earnings rose nearly 25% from a year earlier, to $22.4 million, up nearly 25%, due largely to lower credit costs.

Metro Bancorp Inc. in Harrisburg, Pa., reported Monday that second quarter earnings jumped 453% from a year earlier, to $2 million, due to a sizable drop in its loan-loss provision.

VIST Financial Corp. in Wyomissing, Pa., notified investors Thursday that it is planning to raise up to $30 million in a stock offering.

The Treasury Department has ordered board appointments to two banking companies that have missed dividend payments on its bailout investments.

Victory Bancorp in Limerick, Pa., said Wednesday that it raised $2.6 million in capital. The company sold convertible preferred securities with a 7% coupon.

Fulton Financial Corp. in Lancaster, Pa., said Tuesday that its second-quarter earnings rose nearly 15% from the same period last year, to $36. 4 million.

AmeriServ Financial Inc. in Johnstown, Pa., said that its second-quarter earnings increased by more than 300%, to $1.9 million, from the same period last year because it did not have to set aside any funds for loan losses.

Shares of Orrstown Financial Inc. fell sharply Friday after the Shippensburg, Pa., company warned that it expects to take a larger-than-expected provision for loan losses in the second quarter.

The $14 billion-asset Susquehanna said late Monday that it would pay $343 million for the $2.6 billion-asset Tower.

The $9.7 billion-asset F.N.B. said late Wednesday that it would pay $130 million for Parkvale in an all-stock deal priced at 1.95 times the seller's tangible book value.

F.N.B. Corp. in Hermitage, Pa., plans to sell 4.5 million shares of common stock to raise capital. The $9.8 billion-asset company said late Tuesday that the offering is being held in conjunction with its inclusion in the Standard & Poor's SmallCap 600 index after the market closes Friday.

First Commonwealth Financial Corp. in Indiana, Pa., on Tuesday restated its first-quarter earnings downward. With the restatement the $5.8 billion-asset company's earnings were 23% lower, at $5.2 million.

Polonia Bancorp's biggest outside shareholder on Monday demanded that the thrift company launch a second-step conversion.

Standard & Poor's said late Thursday that F.N.B. Corp. in Hermitage, Pa., has joined its S&P SmallCap 600 index.