Mifflinburg Bancorp and Northumberland Bancorp, a pair of small community banks in northcentral Pennsylvania. said yesterday they are combining in a merger of equals valued at $34.2 million.
The bankruptcy sale of Spring Gate Winery is facing some headwinds.In legal filings this month, two lenders came out against the reorganization plan filed by the Harrisburg-area winery’s parent company, Schoffstall Farm LLC.At issue is the distribution of the proceeds from a sale of the winery, should a buyer be found.One lender, Horizon Farm Credit, is objecting to language saying it would […]
A seven-county swath of Central Pennsylvania has a new No. 1 when it comes to bank deposits.Lancaster-based Fulton Bank has eclipsed longtime leader PNC Bank for the top share of deposits in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon and York counties, according to the latest data from the Federal Deposit Insurance Corp.As of June 30, Fulton had 15.44% of […]
Health insurer UnitedHealthcare and regional health system WellSpan Health are sparring over a new contract governing their relationship, affecting about 36,000 patients in the region.Both entities say they are negotiating in good faith and hope to reach a deal before the current contract expires at the end of October. Nonetheless, they are taking aim at each other’s business models.In a […]
Community First Fund has been awarded $40 million in new market tax credits, which it can use to support economic-development projects around the region. The credits are awarded annually by the U.S. Treasury on a competitive basis. Based in Lancaster, Community First was awarded $30 million in new market tax credits last year.Those credits are helping to […]
State utility regulators are putting an indefinite hold on the proposed sale of York-based United Fiber & Data, a deal valued at about $37.5 million, according to filings with the Pennsylvania Public Utility Commission.The PUC said it needs more time to complete its review of the deal, according to a Sept. 18 letter from the PUC […]
Part of the Three Mile Island nuclear power station is poised for a restart thanks to a growing thirst for electricity from data centers, the foundation of an economy built on machine learning, artificial intelligence and cloud computing.Plant owner Constellation announced plans Friday to restart unit 1 at the Dauphin County power station and sell its electricity […]
Alison Smith has joined the Pittsburgh office of the Harrisburg-based law firm McNees Wallace & Nurick as an of counsel attorney.Smith worked most recently as chief counsel for PNC Bank and brings 28 years of experience in fiduciary, nonprofit and estate planning law. She will practice in McNees’s orphans’ court litigation, estate planning and charitable/nonprofit […]
Carol Steinour Young has been named president of the board of directors of the Dauphin County Court Appointed Special Advocate Program, a nonprofit that arranges legal representation for children with interests before the court.Steinour Young, who had served as the board’s president-elect for the past eight months, joined the board in June 2022 and has […]
A Pennsylvania state senator is escalating his dispute with the state revenue department over tax records related to an economic development zone in the Lehigh Valley.For the last few months, Sen. Jarrett Coleman has been seeking tax records related to a state-sanctioned improvement zone in downtown Allentown and questioning whether taxpayers are getting their money’s […]
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