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S&T Bancorp Inc. in Indiana, Pa., said Monday that its third-quarter earnings rose 41% year over year, to $10.9 million, on an increase in noninterest income.
October 25 -
Beneficial Mutual Bancorp Inc. in Philadelphia reported a $21.7 million third-quarter loss Friday, compared with net income of $5.8 million a year earlier, after a spike in its loan-loss provision.
October 22 -
Fulton Financial Corp. in Lancaster, Pa., posted a 72% year-over-year increase in net income in the third quarter, to $31.5 million.
October 20 -
ESSA Bancorp Inc. of Stroudsburg, Pa., has completed its second stock repurchase program, and announced another plan to buy back 5% more of its outstanding stock.
October 7 -
National Penn Bancshares Inc. said Wednesday that the private-equity firm Warburg Pincus has agreed to invest $150 million for a 16.4% stake in the Boyertown, Pa., company.
October 6 -
Raising capital through the stock market has become a dicey prospect for banking companies, with a growing number delaying such offerings while others are pursuing alternate funding routes.
October 4 -
Fulton Financial Corp. in Lancaster, Pa., said Tuesday that two of its banking subsidiaries have agreed to merge, creating a $9 billion-asset bank operating in three Northeast states.
September 29 -
The $355.7 million-asset company announced Tuesday that it had completed its second-step conversion by selling 1.7 million shares of common stock at $10 a share.
September 22 -
Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.
September 22 -
When Tower Bancorp Inc. of Harrisburg, Pa., acquires First Chester County Corp., it will utilize a provision that lowers the price of the deal if the seller's delinquencies rise. Such provisions have become more common in deals in the Northeast as buyers seek to minimize their risk, but this is the first time a seller has crossed the threshold.
September 17 -
The $355.7 million-asset company in Monessen, Pa., said Thursday that it has sold enough common stock — 1.7 million shares — to complete its conversion from a mutual holding company to a stock holding company.
September 16 -
Republic First Bank in Philadelphia is changing its name — to Republic Bank. The $934 million-asset unit of Republic First Bancorp Inc. announced the change Wednesday, as part of rebranding efforts following the March collapse of its deal to sell itself to Metro Bancorp Inc. of Harrisburg, Pa.
September 8 -
Donegal Financial Services Corp. and Union National Financial Corp. said they have amended their acquisition agreement after Donegal Financial's stock price fell $3.86 a share since the deal was announced in April.
September 2 -
Atlantic Coast Federal Corp. in Waycross, Ga., has appointed veteran banker Jay S. Sidhu as executive chairman of its Atlantic Coast Bank unit, a move that could help the company complete its second-step conversion.
September 2 -
Eight months after calling off a deal to buy Royal Asian Bank, Edward Shin, the bank's CEO, is back with a new deal, crediting perseverance and a grassroots approach.
August 27 -
New Century Bank in Phoenixville, Pa., the institution Sidhu has been expanding during the past year, announced that it would buy Berkshire Bank, based in Wyomissing, Sovereign Bank's former headquarters city.
August 25 -
F.N.B. Corp. in Hermitage, Pa., is selling its bond and transfer agent business to U.S. Bancorp. The $8.6 billion-asset company said in a statement last week that it decided to exit the business because growing administrative costs had become prohibitive for a regional trust company.
August 23 -
First Chester County Corp. in West Chester, Pa., announced its first-quarter financial results this week, more than four months after the quarter ended.
August 12 -
Alliance Bancorp Inc. in Broomall, Pa., is planning a second-step conversion, whose proceeds it said would help fund growth.
August 12 -
The Pennsylvania State Employees Credit Union in Harrisburg has deployed mortgage software from S1 Corp., a Norcross, Ga., developer of financial technology.
August 11





