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Nonprofit lender hires finance, credit chiefs

Lancaster-based nonprofit lender Community First Fund has filled a pair of C-suite roles. Elizabeth Bennett has been named the lender’s CFO, while Ed Gallagher has been named chief credit officer. Bennett worked most recently as CFO for Pennsylvania College of Art & Design in Lancaster and has also held finance roles at Lancaster Theological Seminary and Ephrata-based D&E Communications. Bennett succeeds Lloyd […]

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DEP eyes $500M program to slash industrial emissions

Pennsylvania’s environmental agency is hoping to snag up to half a billion dollars in federal funding to start a grant program focused on cutting carbon emissions from cement kilns, steel manufacturers and other industrial operations. If funded, the program would be called Reducing Industrial Sector Emissions in Pennsylvania, or RISE PA, according to the Department […]

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Realty startup focuses on second-chance renters

Chris Dreisbach believes in second chances. He has made the most of his after succumbing to substance-use disorder and landing in jail in his native Lehigh Valley. The path to recovery led Dreisbach to a halfway house in Lancaster County, where he has since built a life, several businesses and a reputation as someone passionate […]

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Carlisle-area warehouse linked to Apple set to close

A Carlisle-area warehouse that has served as a destination for Apple products is slated to close in March, idling nearly 500 workers. German company DB Schenker told state and local officials this week it plans to close the warehouse at 45 Logistics Drive in South Middletown Township. In a statement, a company spokesperson cited the expiration of a customer […]

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York-area manufacturer makes acquisition

Flinchbaugh Engineering, an employee-owned contract manufacturer based in Hellam Township, York County, has purchased Billet Industries, a precision manufacturer also based in Hellam Township. Terms of the transaction, which took effect Jan. 1, were not disclosed. The acquisition reflects an effort by Flinchbaugh to diversify its business, according to a press release. The company makes […]

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Contractor to lay off workers at Amazon sites

A vendor is laying off nearly 300 workers after Amazon ended its contract to provide janitorial and facilities services to eight of the ecommerce giant’s warehouses in Pennsylvania, including four in Cumberland and York counties, according to a notice filed with the state. South Carolina-based Newbold Services LLC plans to lay off 294 people as of March 5, according […]

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Dentsply’s York campus sold, with rehab on tap

A York city authority has purchased the former Dentsply Sirona campus and plans to turn it over to a developer expected to bring new life to the 17.3 acre site between West College Avenue and the Codorus Creek The $4.25 million sale, which closed in late December, is the culmination of more than a year of talks […]

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Court voids price guide for workers’ comp drugs

A state court has shelved the Red Book, a compendium of wholesale drug prices that state officials routinely use to settle disputes over drug costs in Pennsylvania’s worker’s comp program. In a ruling this week, Commonwealth Court disqualified use of the book after an insurer challenged it, claiming the book’s listed prices were not accurate. […]

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Select Medical mulls spin-off of workplace health unit

Mechanicsburg-based Select Medical Holdings Corp. is preparing to spin off its occupational health services division, which does business as Concentra. Select Medical’s board approved the spin-off this week and expects the deal to close in late 2024. Select Medical shareholders would receive stock in Concentra in amounts yet to be determined but in a transaction that is […]

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UPMC sued for allegedly misclassifying workers

UPMC is facing a class-action lawsuit filed by a respiratory therapist who claims she was misclassified as an independent contractor when she worked at the health system’s Harrisburg hospital in 2022. The suit, filed last week in an Allegheny County court, claims the therapist should have been classified as an employee and paid overtime when she […]

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New CEO, new partners for area law firms

Local law firms are starting the new year with new attorneys in their top ranks. And one even has a new CEO. That would be Lancaster-based Barley Snyder, which elected Jennifer Craighead Carey as managing partner and CEO for a two-year term starting in 2024. She succeeds Jeff Lobach, who had led the firm for a […]

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York, Harrisburg firms on the move

The new year is poised to bring new digs to two local companies. Reynolds Restoration Services bought a flex property in suburban Harrisburg for its new headquarters. York County-based construction firm Wagman also has purchased a building for a new HQ, a property in Manchester Township, York County. Both companies said they are outgrowing their current spaces. Starting with: […]

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PUC TO PROBE REQUEST FOR DOUBLE-DIGIT WATER HIKE

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 move was approved yesterday in a unanimous vote by state utility commissioners. As a result, the increase will be suspended for up to seven months while officials from the Pennsylvania Public Utility […]

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Highs donate real estate biz to family foundation

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 […]

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Plan unveiled for suburban Harrisburg mall

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 […]

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Red Lion controls being sold for $345M

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 […]

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Inch appeals decision that nixed industrial development

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 […]

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Orrstown, PeoplesBank to merge in $270M deal

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 […]

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Nonprofit lender hires finance, credit chiefs

DEP eyes $500M program to slash industrial emissions

Realty startup focuses on second-chance renters

Carlisle-area warehouse linked to Apple set to close

York-area manufacturer makes acquisition

Contractor to lay off workers at Amazon sites

Dentsply’s York campus sold, with rehab on tap

Court voids price guide for workers’ comp drugs

Select Medical mulls spin-off of workplace health unit

UPMC sued for allegedly misclassifying workers

New CEO, new partners for area law firms

York, Harrisburg firms on the move

PUC TO PROBE REQUEST FOR DOUBLE-DIGIT WATER HIKE

Highs donate real estate biz to family foundation

Plan unveiled for suburban Harrisburg mall

Red Lion controls being sold for $345M

Inch appeals decision that nixed industrial development

Orrstown, PeoplesBank to merge in $270M deal

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• David Peck, Vice President of Business Development, Industrial Resolution

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