Beneficial Mutual Bancorp (BNCL) Reports Q3 EPS of $0.07

Beneficial Bancorp, Inc. Announces Third Quarter Results

PHILADELPHIA, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Beneficial Bancorp, Inc. ("Beneficial") (NASDAQ: BNCL), the parent company of Beneficial Bank (the "Bank"), today announced its financial results for the three and nine months ended September 30, 2015. Beneficial recorded net income of $5.8 million and $18.1 million, or $0.07 and $0.23 per diluted share, for the three and nine months ended September 30, 2015, respectively, compared to net income of $6.5 million and $13.6 million, or $0.08 and $0.17 per diluted share, for the three and nine months ended September 30, 2014, respectively. The increase in net income for the nine months ended September 30, 2015 compared to the same... More

Beneficial Bancorp, Inc. to Acquire Conestoga Bank

PHILADELPHIA, Oct. 22, 2015 (GLOBE NEWSWIRE) -- Beneficial Bancorp, Inc. ("Beneficial") (NASDAQ: BNCL), the holding company for Beneficial Bank ("Beneficial Bank"), and Conestoga Bancorp, Inc. ("Conestoga Bancorp"), the holding company for Conestoga Bank, announced today the signing of a definitive stock purchase agreement pursuant to which Beneficial will acquire Conestoga Bancorp's ownership interest in Conestoga Bank, and Conestoga Bank will subsequently be merged into Beneficial Bank.

Conestoga Bank is a locally-managed institution dedicated to providing high quality community banking and commercial lending services with locations in Philadelphia, Delaware, Montgomery, Bucks, Chester and Lehigh Counties. Conestoga Bank has... More