The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.
Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.
While there are many reasons consolidation has slowed in the Keystone State over recent years, there are factors in play that could lead to a resurgence in activity.
The company continues to be restricted from pursuing acquisitions until the Federal Reserve lifts its enforcement order requiring it to strengthen anti-money-laundering controls.
