The bank announced net income for the year ended Dec. 31 was $10.103 million, or $1.68 per diluted share. That’s an increase of $1.389 million, or $15.9% over its 2020 net income of $8.714 million. 

Pennsylvania borrowers impacted by allegedly deceptive practices by student loan servicer Navient, will receive $3.5 million in restitution payments and $67 million in debt cancellation. 

In an effort to expand services to communities with high concentrations of ethnic and racial diversity, M&T Bank announced that it’s designating six of its central and southeast Pennsylvania branches as multicultural banking centers.

Reading-based Herbein + Co, Inc. (Herbein), a Mid Atlantic regional certified public accounting firm, announced the acquisitions, effective Jan. 1, of CPA advisory firms Cappelletti, Pinter & Company, P.C., and The LaMastra Group, P.C. 

The Wyomissing-based law offices of Leisawitz Heller have merged with Lancaster-based Barley Snyder.

The Provident Bank Foundation has announced that it has made $2 million in funding available for its 2022 grant program. 

Kutztown University has joined a program that will prepare business students for the Chartered Financial Analyst exam, positioning them for employment in investment fields.

Baker Federal Credit Union of Phillipsburg, New Jersey has announced its intent to merge with First Commonwealth Federal Credit Union of Trexlertown. 

The American Association of Retired Persons threw its support behind legislation proposed in Pennsylvania Monday that would help people save for retirement. 

Allentown-based Buckno Lisicky & Company, and Loch, Elsenbaumer, Newton & Company will merge.