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Tag Archives: bank

Pennsylvania bank buys Madison Square

Codorus Valley Bancorp Inc., of York, Pa., which owns Pennsylvania’s PeoplesBank, announced it will acquire Baltimore’s Madison Bancorp Inc., parent of Madison Square Federal Savings Bank. Codorus Valley will buy Madison in an all-cash transaction valued at approximately $14.4 million, ...

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Small banks decry crush, cost of Dodd-Frank regulations

Bob DeAlmeida

Formally known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, Dodd-Frank is a complex, far-reaching set of banking regulations — the most sweeping financial reforms since the Great Depression. Passed by Congress in July 2010 and named after its two main sponsors, former Sen. Christopher Dodd of Connecticut and former Rep. Barney Frank of Massachusetts, the law was aimed at preventing another recession like the one that battered consumers during the 2000s. But four years after being enacted and with the economy still on the rebound, many small, community banks say they are being unfairly hampered by the reforms.

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