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A larger-than-usual number of small banks, rising valuations for would-be acquirers, and lingering industry challenges are increasing the odds of deals in the Pennsylvania.
July 10 -
Peoples Financial Services in Scranton, Pa., reported a fourth-quarter loss tied to its merger with Penseco Financial Services. The $1.7 billion-asset company lost $2.8 million in the quarter, compared to Penseco's $2.7 million in profit a year earlier.
February 13 -
The founding CEO of Bank of Bird-in-Hand was told by regulators that his group's "thorough" vetting would be the norm going forward.
December 4
Bank of Bird-in-Hand in Pennsylvania has hired a president and chief executive.
Alan Dakey was previously chief executive of Peoples Financial Services in Hallstead, Pa. He left Peoples after it
Dakey succeeded Lori Maley at the $64 million-asset Bank of Bird-in-Hand. Maley, who had been interim CEO, will remain the bank's chief financial officer. The bank's previous CEO, Brent Peters, retired in June due to health issues. Peters remains vice chairman.
Bank of Bird-in-Hand was formed in December 2013, becoming the
