State regulators plan to take a closer look at a double-digit rate increase being sought by Pennsylvania American Water to cover investments in its water and sewer systems.The
The High family is presenting a second major gift to their family foundation. The family’s ownership of Lancaster County-based High Real Estate Group is being transferred to High Foundation, the foundation announced on Dec. 20. The year-end gift follows the donation last year of High Industries, which was valued at nearly $115.2 million. The value of the real estate company was not disclosed but […]
A Maryland developer has revealed its vision for what will replace the Harrisburg Mall, a longtime suburban destination destined for the wrecking ball. Baltimore-based St. John Properties is proposing a roughly 550,000 square-foot development — dubbed Swatara Exchange — that includes a mix of retail and commercial buildings, with a smidgen of office space. While the plan calls for […]
A Swedish company is hoping to strengthen its foothold in North America through the acquisition of Red Lion Controls, a specialty manufacturer based in Springettsbury Township, York County. HMS Networks has agreed to pay $345 million for Red Lion Controls in an all-cash deal slated to close in the first half of 2024. Red Lion Controls, which […]
An affiliate of real estate developer Inch & Co. is challenging a decision that reversed the zoning on a parcel of land it owns near Route 30 and Pennsylvania Avenue in Manchester Township, York County.Township officials rezoned the property in 2021 for industrial development.But after fierce public outcry and a challenge from the owner of a […]
A pair of longstanding local banks are coming together in a merger valued at $207 million.Under the all-stock deal, dubbed a merger of equals, the York County-based parent of PeoplesBank is merging into Shippensburg-based Orrstown Financial. The combined bank — which will take the Orrstown name — would have assets of roughly $5.2 billion and a network of 51 branches in […]
Lawmakers are floating legislation they argue could lead to better results for Pennsylvania residents and businesses that challenge their state tax bills. The legislation would allow taxpayers in certain situations to file appeals past a statutory deadline. And in an effort to settle disputes more quickly, the legislation would create a new, independent mediation process. […]
Home inspectors gather reams of information as they poke around houses that are about to change hands. In some cases, the information prompts buyers to back out of a deal or demand concessions, such as a new roof or a lower price. But in many cases, the information is simply dumped into a binder or […]
Ecore International, a Lancaster-based company that makes flooring from recycled rubber, has purchased a Cumberland County company that collects and refurbishes old tires. The company, Newville-based Ameritread, fits in with Ecore’s goal of reusing and repurposing rubber products but also produces scrap that Ecore can incorporate into its own products. Terms of the transaction were not disclosed. […]
Thanks to a single deal, Linkbancorp went this year from doing business in one state to doing business in five.That deal was the bank’s merger this fall with Maryland-based Partners Bancorp.The all-stock deal closed at the end of November, followed by a bankwide conversion to the Linkbank brand over the first weekend in December, according to Andrew Samuel, CEO of […]
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