Mid Penn Bank is firing back at claims it did not adequately protect a nonprofit from fraud.In a legal filing this month, the Harrisburg-based bank alleges
A federal court has approved a settlement in a data-breach lawsuit brought against Fulton Bank.Under the agreement, the Lancaster-based bank will pay $750,000 to set up a fund to compensate victims of the breach, which hit a Fulton Bank vendor rather than the bank itself. The bank is not admitting any liability for the breach, nor […]
One of Pennsylvania’s most illuminating companies is under new ownership.Keystone Fireworks, which has stores across the region, has been acquired by Argonne Capital Group, a private equity firm based in Atlanta. The transaction closed earlier this year, according to an Argonne spokesperson, who declined to provide additional details. Financing was provided by Alignment Credit, a New York-based financing […]
The bankrupt owners of an uptown Harrisburg apartment complex want to hire a firm that specializes in real estate liquidation to sell the property in an auction.In a motion filed in bankruptcy court, apartment owners Uptown Partners LP are seeking court approval to hire Hilco Real Estate LLC to oversee a sale of the complex, known as Governor’s Square.According to […]
he High family made headlines in early 2022 when members donated their shares in family-owned High Industries to their family-founded nonprofit, the High Foundation.Their aim was to multiply the foundation’s charitable impact by linking it to the fortunes of the Lancaster County-based company, which had revenue of $570 million in 2021.The value of the gift was not disclosed at […]
Under an executive order signed yesterday by Gov. Josh Shapiro, the state plans to marshal government and private-sector resources to help small, diverse businesses win a bigger share of state spending.The order builds on efforts by Shapiro’s predecessor, former Gov. Tom Wolf, to diversify the ranks of state contractors. The efforts have made progress but it […]
Supply chains used to be something of an afterthought for most companies. They would fix it and forget it.But over the last couple of years, supply chains have emerged as a critical element of business strategy, in part because they have been so hard to get right.In this episode of the York County Economic Alliance […]
Garden Spot Communites, a New Holland-based senior-living provider, is extending its footprint into the Philadelphia suburbs.The nonprofit has agreed to affiliate with Frederick Living, a senior-living community in Montgomery County. Terms of the deal were not disclosed. But it is expected to close in early 2024. Garden Spot CEO Steve Lindsey will lead the combined organization, […]
Millersville, Shippensburg and several other state-sponsored universities are partnering with Google to offer professional certificates in fields such as cybersecurity, data analytics, digital marketing and project management.Courses leading to the so-called Google Career Certificates will be available to both students and non-students interested in burnishing their resumes. Students will be able to earn the certificates — and gain […]
A publicly traded hotel company founded in Harrisburg is going private in a deal valued at roughly $1.4 billion.Hersha Hospitality Trust, now based in Philadelphia, has agreed to be acquired by KSL Capital Partners, a Denver-based private equity firm that specializes in travel and leisure businesses. Under the deal, KSL is paying $10 per share for […]
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