A Massachusetts-based developer is acquiring the Colonial Park Mall, an aging retail complex that local officials hope to see rejuvenated. A partnership headed by the developer, Zi Qian “John” Zhang, paid nearly $8.8 million for the mall, which is at 4600 Jonestown Road in Lower Paxton Township, according to county deed records. Zhang is still […]
Tyler Matisse has been hired as an associate at Campbell Commercial Partners, a real estate firm in Lemoyne. Matisse is a graduate of Mechanicsburg Area Senior High School who went on to study business and hospitality management at Penn State Harrisburg. He has been licensed in real estate for over three and half years and […]
Dirk Hoke has been named president and CEO of Voith GmbH & Co. effective April 1. He will be succeeding Toraff Haag, who left the company in August. Andreas Enders, CEO of Voith Paper, is serving as interim CEO. Hoke has worked most recently as CEO of Volocopter, an aircraft manufacturer based in Bruchsal, Germany. […]
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, […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]