S&T in Pennsylvania discloses potential exposure to check kiting scheme
The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme. ... Read full article
The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme. ... Read full article
The Pennsylvania company said it faces $7.5 million in potential exposure from a commercial lending relationship. ... Read full article
In blue states in particular, governors and attorneys general are taking up the mantle of consumer protection during the coronavirus emergency, effectively adding another layer of regulation to the patchwork of state and federal oversight. ... Read full article
A large charge-off and additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million. ... Read full article
The company, which just hired CEO Jay Sidhu's son to groom as its next chief, had been holding itself back to avoid caps on interchange fees. ... Read full article
The Pennsylvania company will pay $80 million for the parent of USNY Bank. ... Read full article
Patrick O'Brien had been CF Financial's president and CEO for about two years. ... Read full article
Here's one way community banks are trying to win over commercial clients and wealthy households: by sharing internal research with them and positioning themselves as experts on everything from business sentiment to demographics. ... Read full article
The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial. ... Read full article
The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division. ... Read full article
The company will gain branches in Northampton County as part of the $79 million deal. ... Read full article
The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank. ... Read full article
Christopher Maher, who has announced seven bank deals since 2015, says a stable rate outlook will help buyers and sellers crunch merger numbers. ... Read full article
Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1. ... Read full article
George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks. ... Read full article
More banks in the state are considering acquisitions to cut costs and combat margin pressure. ... Read full article
The Pennsylvania company gained $67 million in assets under management as part of the acquisition. ... Read full article
The Pennsylvania company will pay $346 million for MutualFirst Financial. ... Read full article
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities. ... Read full article
The company will offer deposit-related services to firms with permits for hemp and CBD. ... Read full article