Taking advantage of a change in federal tax law, Patriot Bank Corp. is seeking to become the first Pennsylvania thrift to convert to a state- chartered commercial bank.

Officials with Patriot hope that the bank charter will help the $500 million-asset thrift purchase community banks that might otherwise rebuff a thrift's overtures.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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