News Topic: pennsylvania
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Korean American bank in Pennsylvania gets two acquisition offers
Activist investor presses Pennsylvania bank to find buyer
Mid Penn buying in-state rival Riverview Financial for $125 million
Everence Federal Credit Union promotes chief lending officer to CEO
Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007. ]] ... Read full article
Fidelity to expand in northeast Pennsylvania with Landmark deal
The company has agreed to pay $43 million for a bank with $354 million in assets. ... Read full article
Merck Sharp & Dohme FCU names next chief executive
Dana DeFilippis will take the helm at the Chalfont, Pa.-based credit union next month. She succeeds retiring CEO David Whitehead. ... Read full article
American Heritage Credit Union to serve as COVID testing site
The Philadelphia-based institution will host free coronavirus screenings for the public this month as part of a partnership with the Greater Bustleton Civic League. ... Read full article
PALCO Federal Credit Union chief to retire in March
Tom Rachael, who has led the Muncy, Pa.-based institution since 2003, will be succeeded by Scott Naughton, who is new to credit unions but has extensive experience in the financial services sector. ... Read full article
AmeriChoice FCU finds next CEO close to home
The Mechanicsburg, Pa.-based institution's newest chief executive most recently served as an executive at another Harrisburg-area credit union. ... Read full article
New Jersey, Pa. credit union foundations to merge
Last year, the Pennsylvania Credit Union Association and the New Jersey Credit Union League merged to form the CrossState Credit Union Association, and now the foundations of the two groups are combining. ... Read full article
Tri-Valley Service Federal Credit Union approved for community charter
The Pittsburgh-based institution can now serve more than a dozen municipalities in the Keystone State. ... Read full article
Pennsylvania credit unions cheer remote notarization law
The CrossState Credit Union Association continues to work with lawmakers in neighboring New Jersey to get similar legislation passed there. ... Read full article
Hyperion in Philadelphia looks to form holding company
The bank said the move will give it more flexibility for raising capital. ... Read full article
Volunteer recruitment struggles push small Pa. credit union to merge
State College FCU is seeking member approval to fold into Horizon CU, citing ongoing challenges finding members to serve on its board of directors and supervisory committee. ... Read full article
S&T in Pennsylvania begins search for next CEO
The company said Todd Brice will retire in March. A search firm will consider internal and external candidates. ... Read full article
Dollar Bank seeking heft around Pittsburgh with Standard acquisition
The mutual bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania. ... Read full article
Northwest Bancshares in Pa. to close fifth of its branches
The company joins a growing list of banks shuttering locations as customers flock to digital channels. ... Read full article
CB Financial hires outsider as next CEO
The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31. ... Read full article
Bryn Mawr Bank shuts down investment advisory business
The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers. ... Read full article
