- North Carolina
BB&T will close a loan-processing center in Hagerstown, Md., which it obtained from its acquisition of Susquehanna Bancshares.
September 18 -
Bryn Mawr Bank in Pennsylvania has hired Michael Harrington as its chief financial officer and treasurer. Harrington, who was also named CFO of Bryn Mawr Trust, was the CFO and treasurer at Susquehanna Bancshares, which was acquired earlier this year by BB&T.
September 9 -
What does a small bank do when a much larger bank encroaches on its home turf?
September 8
In an effort to get a head start on the feeding frenzy, Malvern Federal Savings Bank in Paoli, Pa., will hold job fairs to gobble up employees laid off by BB&T in Pennsylvania.
The $618 million-asset bank will stage two job fairs, the first on Sept. 29 in Malvern, Pa., and the second on Oct. 8 in Wayne, Pa.
Although he didn't name BB&T, Anthony Weagley, the chief executive of Malvern Bancorp and Malvern Federal, strongly suggested they would be looking for professionals cast off by the $210 billion-asset BB&T's two recent deals in eastern Pennsylvania.
"Recent acquisitions of other banks in the region have dislodged a number of talented bank employees and Malvern Federal is in an excellent position to bring some of this talent on board," Weagley said in a Wednesday news release.
Malvern is looking to hire credit analysts, commercial lenders, business development officers and tellers.
It should be able to find plenty from all categories, as BB&T has already announced plans for job cuts at its two big acquisitions in the area. BB&T on Aug. 1 purchased the $19 billion-asset Susquehanna Bancshares in Lititz, Pa. And it has an agreement in place to acquire the $9.6 billion-asset National Penn Bancshares in Allentown, Pa.
BB&T said in August that it planned to
BB&T also said it was dismissing most of the
Additionally, BB&T will
Malvern isn't the only Pennsylvania bank looking to capitalize on the disruption caused by BB&T's entry into the Keystone State. Bryn Mawr Bank hired Susquehanna's chief financial officer