CoreStates Financial Corp. and Meridian Bancorp this week announced plans to close an administrative services center near Lancaster, Pa., the first consolidation move by the two banks since they revealed their merger plans last October.

The companies declined to estimate how many jobs would be lost at the 200-employee CoreStates facility in East Petersburg, six miles northeast of Lancaster.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.