News Topic: pennsylvania

The settlement of a fight with an insurance company over officer and director coverage yielded a $6 million payout for FNCB in Dunmore. ... Read full article

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit. ... Read full article

The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most the the closures will take place in Pennsylvania. ... Read full article

The company will also restate financials for the first half of 2018 to correct how it classified cash flow activities tied to commercial mortgage warehouse lending. ... Read full article

Orrstown will pay $59 million in cash and stock to gain seven branches and $409 million in deposits. ... Read full article

The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners. ... Read full article

David Reed, a Republican, is stepping down as a state legislator after redistricting cost him a shot at a congressional seat. ... Read full article

BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank. ... Read full article

Citizens & Northern will pay $43 million for the $348 million-asset Monument. ... Read full article

It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. bank. ... Read full article

Craig Kauffman had been a regional executive for Susquehanna Bancshares and BB&T. ... Read full article

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial. ... Read full article

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank. ... Read full article

While most acquirers are content to let cost savings trickle down to the bottom line, WSFS will use the purchase of Beneficial to reinvent itself. ... Read full article

The Delaware plans to reinvest savings from the $1.5 billion acquisition to upgrade technology and delivery channels. ... Read full article

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis. ... Read full article

The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses. ... Read full article

The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses. ... Read full article