CHESTER SPRINGS, PA-PSB, which operates 13 First Penn Bank branches, agrees to sell to the newly formed Conestoga for $17 a share.

PHILADELPHIA-Remington Financial Group has arranged a $140-million loan to fund the acquisition of four independent living communities and $142.3 million for a commercial portfolio.

PHILADELPHIA-Remington Financial Group has arranged a $140-million loan to fund the acquisition of four independent living communities and $142.3 million for a commercial portfolio.

DETROIT-Bio-Medical Applications of Michigan renews for 9,600 sf at the strip center at 18430 Livernois here. The asking rent rate is $20 per sf, and the center is now 93% leased.

PHILADELPHIA-A Long Island developer pays $20.5 million for a 324-unit portfolio that includes Liberty Crossing here, two properties in Levittown and another in Bensalem.

PHILADELPHIA-Another tenant chips away at Verizon's master lease in the Bell Atlantic Tower as Gen Re will relocate from Two Logan Square.

MOUNTAINTOP, PA-Mericle is constructing the bedding manufacturer's first US latex manufacturing plant on 13.7 acres in Crestwood Industrial Park. Sealy signs a 10-year lease for the facility.

PHILADELPHIA-In unrelated executive shifts, Andrew Bleznak leaves Amerimar to form Abco Properties, and GMH Communities Trust hires a former KPMG exec to oversee financial reporting.