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Citizens Financial acquires MidCoast Community Bancorp
Citizens Financial Services, Inc., the holding company for First Citizens Community Bank announced completed its acquisition of MidCoast Community Bancorp, Inc., Wilmington, the holding company for MidCoast Community Bank.
Citizens is the surviving institution in...
Former MidCoast Bank CEO Ladio gets two years in prison
United States District Judge Richard G. Andrews sentenced James A. Ladio, the founder and former CEO of Midcoast Community Bank, Inc. to two years in prison.
Ladio, 58, of Wilmington, Delaware, pleaded guilty on December...
Former MidCoast CEO pleads guilty to bank fraud charges
Former MidCoast Community Bank President James A. Ladio Tuesday pleaded guilty in U.S. District Court to four counts of bank fraud and money laundering.
Ladio, 57, north Wilmington faces, on two of the counts, up...
Brwyn Mawr, MidCoast drop merger plans
Bryn Mawr Bank Corporation and MidCoast Community Bancorp, Inc. have dropped a $33 million merger that was announced in the spring
The costs of walking away from the agreement will be borne by each bank...
Brwyn Mawr to acquire Wilmington-based MidCoast bank in $33 million deal
Bryn Mawr Bank Corporation is buying Wilmington-based MidCoast Community Bancorp for about $33 million.
MidCoast has quietly grown into a bank with $235 million in loans and $250 in deposits MidCoast has locations on the...
Mid-sized bank-trust company embraces working from home
Hello everyone,
In a sign of things to come in banking and other businesses, Bryn Mawr Trust disclosed that 40 percent of its staff will continue to work from home, the Philadelphia Business Journal...
Personnel file: March 1, 2019
(We welcome your personnel news items. Send announcements to drainey@delawarebusinessnow.com
MidCoast’s Bancorp's Hoerner named to Philly Fed’s Advisory Council
The Federal Reserve Bank of Philadelphia announced the appointment of Eric Hoerner, CEO of MidCoast Community Bancorp,...
M&T retains top market share among Delaware banks, with WSFS and PNC not...
M&T, WSFS and PNC are locked in a battle for the largest market share among full-service banks in Delaware.
Calculations based on information from the Federal Deposit Insurance Corp. show M&T with a nearly 23...
Business people: May 31, 2018
Bankers Association elects officers
Cynthia D.M. Brown, president, Commonwealth Trust Company, was elected the Chair of the Delaware Bankers Association (DBA) on May 17th at the DBA’s 123rd Annual Meeting in Wilmington. The DBA also...
Bryn Mawr Trust to acquire Royal Bancshares
A Bryn Mawr Bank Corporation announced an agreement to acquire Royal Bancshares of Pennsylvania, Inc., parent company of Royal Bank America in a transaction valued at $128 million.
Bryn has a banking office and wealth management...
(Video) Bailey pleads guilty to conspiracy as Wilmington Trust bad loan saga continues
(Video and photo of Bailey leaving courtroom from WHYY Newsworks)
The latest chapter in the saga of loan problems and schemes at Wilmington Trust unfolded Monday as former executive Brian Bailey pled guilty before U.S....
Bryn Mawr Trust to buy Continental Bank
Bryn Mawr Bank Corp., parent of Bryn Mawr Trust Company, announced that the corporation has entered into a definitive agreement to acquire Continental Bank Holdings, Inc.
The transaction has a total value of approximately...
Banker indicted on loan scheme charges
A former Wilmington Trust and MidCoast bank manager has been charged in a 14-count indictment in a case involving three local financial institutions.
He was identified by Charles M. Oberly, III, United States Attorney...
Business Year in Review: One step forward and one step back
By Doug Rainey
The economy remained top-of-mind in Delaware businesses circles during 2013. A recovery that felt more anemic than statistics suggested seemed to continue throughout the year.
Reasons for what many saw as a...
Top 50 stories in 2013
Battery 518, Fort MIles, Lewes, Delaware-Jeffrey- / Foter.com / CC BY-ND
Listed below are the 50 most popular stories of the 3,000 plus on our companion website, DelawareBusinessDaily.com. Click on the links below for the...
Viewpoint: A banking tragedy
DonkeyHotey / Foter.com / CC BYThe guilty plea to bank fraud and money laundering charges by former MidCoast Community Bank founder and President James Ladio was a tragedy on many levels.
Even before the news...
Check out the Dec. 18-22 Business Bulletin
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Check out the August 14th issue of the Business Bulletin:
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Brywn Mawr Trust reports record earnings
Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, reported net income of $6.3 million for the three months ended June 30. That compares to net income of $5.3 million for r...
Check out the July 24, 2013 issue of the Business Bulletin
Away from your office for a while? Catch up on the latest news with the Business Bulletin. The Bulletin comes in an easy-to-scan format with a number of stories you have not read elsewhere.
The...
