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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Guidelines From The UK.

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Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too.

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First Bank to Expand in Pennsylvania with Malvern Deal

Banking Exchange

Plus: Georgia’s Piedmont Bank buys stake in lender; Texas-based Fidelity to change ownership Management Feature M&A Community Banking Feature3.

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Orrstown Financial buying Pennsylvania rival Codorus for $207M

American Banker

The acquisition would deepen Orrstown's presence in its home state and Maryland. Codorus Valley Bancorp in recent years had faced pressure from an activist investor to consider selling.

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Community bank, fintech team up to serve gig-economy workers

American Banker

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services.

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Two northeastern Pennsylvania banks to merge

American Banker

Peoples Financial Services has agreed to pay $129 million of stock for FNCB Bancorp. Peoples' CEO Craig Best would lead the combined company for a year after the merger closes, and then Gerard Champi, FNCB's current chief, would take over.

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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. Reportedly, the First National Bank of Hallstead was the first in the country allowed to open for business. They helped our communities thrive, deal with tough times, and thrive again.