Prime Bancorp is considering converting its thrift to a commercial bank after buying First Sterling Bancorp.

Philadelphia-based Prime is acquiring a bank holding company, First Sterling of Devon, Pa., in an approximately $29 million stock transaction. The deal is expected to close Dec. 31.

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.