A titan of Pennsylvania banking is passing the baton. Jay Sidhu said Friday he plans to retire on Jan. 1 as chairman and CEO of Customers Bancorp, a Berks County lender that he transformed over a period of nearly two decades. The 73-year-old executive plans to remain the bank’s executive chairman. But he is handing the […]
R&M Variety Shop, a Harrisburg-area retailer offering an array of products and services, from pet food to phone repair, is adding a third location. An affiliate of the company paid $1.9 million for a building at 7500 Derry St. in Swatara Township, Dauphin County, according to county deed records. The 22,500-square-foot property was formerly owned […]
A Chester County lawmaker is seeking support for legislation that would pave the way for Pennsylvania to withdraw from the PJM, the regional power grid that serves Pennsylvania and about a dozen other states. In a memo seeking sponsors for the legislation, Democratic state Rep. Danielle Friel Otten joins a chorus of critics who argue PJM has […]
Kevin Gremer has been named chief operations and technology officer at Fulton Financial effective Aug. 25. He succeeds Karthik Sridharan, who left the Lancaster-based bank at the end of January after what a securities filing described as a “termination without ‘Cause.‘” Fulton created the executive role and hired Sridharan in 2023 to oversee the bank’s IT […]
Developers have another step toward erecting a roughly $15 billion data center campus on farmland near Carlisle. An affiliate of PowerHouse Data Centers shelled out $44 million earlier this month for parcels comprising roughly 700 acres where the data centers are planned, according to county deed records. The site is in Middlesex Township along Country […]
A contractor is disputing claims it’s liable for defective concrete used during construction of a new hospital tower in York. The contractor, New Holland-based Stief Concrete Work Inc., denies the claims, which were raised in a lawsuit filed in May by York-based Kinsley Construction LLC. Kinsley claims it’s owed $935,000 for the concrete, which the company delivered for […]
Kayla Bushey has joined the Radnor office of Harrisburg-based law firm McNees Wallace & Nurick. She will support clients with legal issues pertaining to privacy compliance, data breach response, and privacy and cybersecurity litigation. Bushey has experience in legal research and privacy policy analysis, with a focus on U.S. and international data privacy frameworks. She […]
Anthony Verrecchia has been named director of client services at Tandem Center for Shared Business Success. He will oversee the rollout of profit-sharing and employee ownership initiatives for clients of the Lancaster-based nonprofit. He also will work on enhancing Tandem’s internal systems and strategic direction. Founded in 2024, the nonprofit works with companies to implement direct […]
Tina Citro has been named president of WellSpan Good Samaritan Hospital in Lebanon. She succeeds Patricia Donley, who was named chief nursing executive for the hospital’s parent, York-based WellSpan Health, in March. Citro was most recently the president of WellSpan Ephrata Community Hospital and been working as interim president of the 160-bed Good Samaritan. She joined […]
A partnership called 990 Peiffers Lane LLC paid $2.5 million for a roughly 23,000-square-foot building at 990 Peiffers Lane in Lower Paxton Township, Dauphin County according to county deed records. The property is home to a branch of UPS Midstream Services, an industrial services company based in Deer Park, Texas. The sellers, Michael and Catherine Miller, were represented […]
A few years ago, the phrase “industrial real estate” likely conjured an image of massive warehouses spreading across the open fields of Central Pennsylvania. Now, the phrase might just as easily bring up images of data centers — buildings packed with computer servers composing your emails and delivering answers to your ChatGPT queries. The announcement of more […]
Pending city approval, Harrisburg-based developer WCI Partners is aiming to carve a former law office in the capital city into 11 one-bedroom apartments, according to WCI president Dave Butcher. The offices at the roughly 7,400 square-foot property at 508-510 N. Second St. were formerly home to law firm Wix Wenger & Weidner, which moved its Harrisburg office to 2805 […]
One of the companies behind a $6 billion data center project in Lancaster is filling in some of the blanks surrounding the project. Early reports indicated data centers would be constructed at two former printing plants, at 216 Greenfield Road and 1375 Harrisburg Pike. The developers are Virginia-based Chirisa Technology Parks and New York-based Machine Investment Group, […]
Aiming for a bigger slice of business in Pennsylvania, an Ohio-based engineering firm has acquired Dawood Engineering, a firm based on the West Shore. The deal brings together two companies with complementary services and creates opportunities to build on them, according to Neil Churman, president and CEO of the Ohio-based buyer, Woolpert. Woolpert, for example, has a […]
Marq Agboyani has been named revenue manager at the Investment Real Estate Group of Companies, the York-based operator of Moove In Self Storage properties. The role entails streamlining back-office operations and providing management with the analytical support needed to make key business decisions. Other responsibilities include conducting market research, analyzing customer segments and implementing strategies […]
Trevor Martin has been named senior vice president of investor relations for Utz Brands, the Hanover-based snack food company. Martin, who has nearly 20 years of investment management and consumer research experience, worked most recently for Victory Capital/RS Investment Management, a diversified global asset management firm. He has also worked as a research analyst at […]
Jeffrey Stauffer is retiring from his role as president and CEO of Ephrata National Bank and its holding company, ENB Financial. Stauffer, who has led the bank since 2020, plans to step down effective Dec. 31, 2026. He will be succeeded by Rachel Bitner, the bank’s CFO. Bitner, 47, joined the Lancaster County bank in 2009 as a […]
It’s been a week since New Jersey-based investment firm Energy Capital Partners announced it was planning a $5 billion data center in southern York County. But the precise location remains unknown, even to the manager of Peach Bottom Township, where the data center is widely expected to be built. “Your guess is as good as mine,” township […]