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Community banks in northcentral PA to merge

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 all-stock deal is expected to close in the first half of 2025.Mifflinburg Bancorp has assets of about $568.5 million and operates seven branches in Mifflinburg, Lewisburg, Millheim, Milton, Selinsgrove […]

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Lenders balk at bankrupt winery’s reorganization plan

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 […]

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Fulton edges past PNC for market-share lead

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 […]

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WellSpan, health insurer clash over contract renewal

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 […]

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Nonprofit lender lands $40M in tax credits to back projects

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 […]

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$37.5M sale of York fiber optic company on hold

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 […]

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Potential TMI restart fuels hopes, faces hurdles

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 […]

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McNees Wallace & Nurick

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 […]

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Dauphin County Court Appointed Special Advocate Program

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 […]

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PA revenue chief, state senator clash over tax-records request

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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Prominent York restaurant to see new life

Restaurateur Victor Claffey is gearing up to open a restaurant called Bloom in the former Left Bank Restaurant and Bar in downtown York.Claffey, an Irish native with two decades of restaurant experience in Ireland and the U.S., hopes to infuse new life into the space, which is one of the oldest fine-dining establishments in York.“I think there is a […]

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Houck exec aims to bring down suicide risk in construction

After her older brother died by suicide nearly 20 years ago, Kara McCaffrey felt drawn toward efforts to prevent others from following.“It’s just something that I’ve always cared about,” said McCaffrey, whose family owns Houck Group, a regional construction contractor based in West Hanover Township, Dauphin County.The personal became professional when she started working in […]

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PennSpring Capital

Stephen Loiseau has been named vice president of corporate development for PennSpring Capital. It is a new role for the Lancaster-based private equity firm and involves overseeing growth for companies in PennSpring’s investment portfolio.Loiseau worked most recently as a sales rep for tech startup Motive. He also has experience as a principal in a real estate […]

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Fed rate cut seen locally as positive signal

Yesterday’s half-point cut to interest rates will make businesses more comfortable with borrowing, particularly if they have an immediate need to spend.However, others may continue to hold off, anticipating further rate cuts and awaiting the outcome of the presidential election in November.That’s the view of local financial executives who spoke yesterday with biznewsPA shortly after […]

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Study shows benefits from short-term medical cannabis use

Pennsylvania residents using medical cannabis to treat anxiety, chronic pain and other conditions saw improvements in their general health, emotional well-being, physical functioning and other quality-of-life measures over a three-month period, according to a study undertaken by researchers from the Philadelphia College of Osteopathic Medicine and funded by Organic Remedies, a Cumberland County medical-cannabis provider.Researchers recruited nearly 400 […]

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Dickinson College

Seth Allen has been named vice president of enrollment management and dean of admissions at Dickinson College. He succeeds Cathy McDonald Davenport, who retired in 2023 after more than three decades with the Carlisle college. Allen worked most recently as vice president for strategy and dean of admissions and financial aid at Pomona College in Claremont, California, where he oversaw […]

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State residents leery of driverless vehicles

The adoption of driverless vehicles in Pennsylvania depends on resolving a host of legal, regulatory and technical challenges. But it also may rest on cultivating a more positive public perception, judging by the reaction to draft guidelines for highly autonomous vehicles, or HAVs, published last month by PennDOT.HAVs include vehicles monitored and operated from a distance.The guidelines […]

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State opens portal for reporting data breaches

Pennsylvania’s attorney general has set up an online portal where companies in Pennsylvania will be required to report data breaches under amendments enacted this year to the state’s breach notification laws. Signed into law in June, the amendments require companies to report breaches that affect at least 500 Pennsylvanians starting Sept. 26.In preparation for the […]

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Community banks in northcentral PA to merge

Lenders balk at bankrupt winery’s reorganization plan

Fulton edges past PNC for market-share lead

WellSpan, health insurer clash over contract renewal

Nonprofit lender lands $40M in tax credits to back projects

$37.5M sale of York fiber optic company on hold

Potential TMI restart fuels hopes, faces hurdles

McNees Wallace & Nurick

Dauphin County Court Appointed Special Advocate Program

PA revenue chief, state senator clash over tax-records request

Prominent York restaurant to see new life

Houck exec aims to bring down suicide risk in construction

PennSpring Capital

Fed rate cut seen locally as positive signal

Study shows benefits from short-term medical cannabis use

Dickinson College

State residents leery of driverless vehicles

State opens portal for reporting data breaches

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