Pennsylvania

Last decade's acquisitions made midsize banks an endangered species. Today's acquisitions are repopulating the category, and Tower Bancorp is a case in point.

F.N.B. Corp. in Hermitage, Pa., announced Tuesday that longtime board member Peter Mortensen is retiring. The former chairman of the $9 billion-asset F.N.B. plans to leave when his term expires in May.

Tower Bancorp of Harrisburg, Pa., said it is looking to raise $44.5 million in capital less than a week after closing its long-delayed acquisition of First Chester County Corp.

Polonia Bancorp in Huntingdon Valley, Pa., has dropped plans to buy back common stock after its takeover of a failed bank.

Norwood Financial Corp. in Honesdale, Pa., has agreed to buy rival North Penn Bancorp Inc. of Scranton for $27.1 million.

Three community banks completed acquisitions Friday.

After two weeks without any failures, the Federal Deposit Insurance Corp. seized two small banks on Friday. The banks, with $365.3 million in combined assets, are expected to cost the Deposit Insurance Fund $113.1 million.

Donegal Financial Services Corp. in Marietta, Pa., and Union Financial Corp. of Lancaster, Pa., said they need more time to complete their merger.

After almost a year in doubt, shareholders of Tower Bancorp Inc. and First Chester County Corp. in Pennsylvania on Wednesday approved Tower's pending purchase of First Chester.

Shareholders of Comm Bancorp Inc. have approved the Clarks Summit, Pa., company's sale to F.N.B. Corp. in Hermitage, Pa.

WSFS Financial Corp. in Wilmington, Del., has announced its purchase of a bank from National Penn Bancshares Inc. in Boyertown, Pa.

The Federal Reserve Board has entered into written agreements with four community banks and their holding companies.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

Continental Bank Holdings Inc. has become at least the third bank in the past two weeks to terminate a planned acquisition after failing to get regulatory approval.

Alliance Bancorp Inc. in Broomall, Pa., announced plans last week to raise up to $41 million in a second-step conversion.

Royal Bancshares of Pennsylvania Inc. in Narberth said Monday that it narrowed its third-quarter loss by 36% compared with a year earlier.

Its $150 million investment in National Penn Bancshares Inc. seems counterintuitive given the Boyertown, Pa., company's strong commitment to commercial real estate lending as others put more emphasis on commercial and industrial loans.

Northwest Bancshares Inc. of Warren, Pa., has called off its deal to buy NexTier Inc. of Butler, Pa., at the urging of regulators after Northwest's consumer-compliance program was called into question.

Beneficial Mutual Bancorp Inc. posted a surprise third-quarter loss on Oct. 22 from an unexpected, and unwelcome, event: its charging off of the decline in collateral values for all of its criticized loans.

Tower Bancorp Inc. and First Chester County Corp. have extended for a third time the deadline for completing their merger.