Twitter LinkedIn

Media Contact

Paul E. Johnson
Communications Manager
Post & Schell, P.C.

Four Penn Center
1600 Kennedy Blvd.
Philadelphia, PA 19103

215-587-5937 (Phone)
267-634-4055 (Mobile)
215-320-4869 (Fax)
PJohnson@PostSchell.com

  

Media & Articles

Brian Bisignani Examines Banking Consolidation in Central PA in Guest Post for Central Penn Business Journal

September 10, 2015

In a September 10, 2015 guest blog post for the Central Penn Business Journal, Business & Corporate Chair Brian W. Bisignani looks at the potential positive and negative outcomes following a rash of recent regional bank acquisitions in Central Pennsylvania.

Mr. Bisignani notes: 

"Without question, the local banking landscape is changing, with locally based banks being acquired by larger entities headquartered outside of the region.

It’s a trend likely to continue — especially given the significant compliance pressures and costs being imposed on smaller and community banks by the Dodd-Frank Wall Street Reform and Consumer Protection Act. One can look east to our neighbors in Allentown for evidence with the recently announced acquisition of National Penn Bancshares Inc. by a familiar face — BB&T."