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Year in Review: Big moves by small banks

Patty Tascarella
Year in Review: Big moves by small banks

Banks always look to grow, but 2018 saw distinct strategies deployed in the Pittsburgh region — acquisition, digital, de novo branches — as financial institutions based in southwestern Pennsylvania dealt with new opportunities and new challenges in the marketplace. A regulatory change in late May 2018 rolled back some of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s stricter mandates on community banks, most notably the $10 billion in assets threshold where added compliance kicked in. Every financial institution based in southwestern Pennsylvania except for PNC is a community bank.