A nonprofit lender based in Lancaster has landed $45 million in federal tax credits that it will use to kickstart projects around the region. The
It was time to sell the donuts — and the honey, the baseball team and the roller coasters. Not to mention the banks, manufacturers and engineering firms, among others, that changed hands over the past year. Local dealmakers faced the usual headwinds in 2025, including relatively high interest rates. But they also had to navigate […]
Camp Hill-based LinkBancorp opened in 2018 following a round of consolidation that took out several banks in Central Pennsylvania. Now, with bank mergers again on the upswing, LinkBancorp is on the sell side. Alexandria, Virginia-based Burke & Herbert Financial Services Corp. has agreed to buy the bank in an all-stock deal valued at $354.2 million. The transaction, expected […]
Lancaster-based Fulton Financial Corp. has agreed to buy a New Jersey bank in a deal poised to expand Fulton’s business in lucrative markets outside New York City. The all-stock deal for Rutherford, New Jersey-based Blue Foundry Bancorp is valued at $243 million and expected to close in the second quarter of 2026. The combined bank would do business […]
For the second year in a row, Lancaster-based Fulton Bank wears the crown as home to the most bank deposits in Central Pennsylvania. Nonetheless, its market share shrank slightly as deposits grew overall in the region, according to the latest data from the Federal Deposit Insurance Corp. Total deposits as of June 30 were nearly $55.2 billion […]
The shutdown of the federal government is stalling a critical pipeline for loans to small businesses. Like the rest of the government, the U.S. Small Business Administration has been closed since Oct. 1. As a result, the agency is unable to formalize its guarantee to repay loans if small-business borrowers cannot. The guarantees encourage lenders to […]
A Lancaster-based developer has tapped an investment banking firm in a bid to drum up capital and expand its portfolio of projects. Developer Elevare Corp., formerly known as OZFund Inc., hopes to raise $50 million from investors and eventually become a public company, according to its founder and CEO, Jeremy Feakins. The company’s investment banker is San […]
Mid Penn Bancorp continued to expand its South Jersey footprint with the acquisition of community bank 1st Colonial Bancorp, Inc. in a combined stock and cash deal valued at $101 million. Twenty-four hours later, Mid Penn agreed to acquire Sarasota, Florida-based Cumberland Advisors in a deal that is expected to bring approximately $3.3 billion new […]
Over the last two-plus years, Michael Wilson has been putting his stamp on Members 1st Federal Credit Union, one of the largest credit unions in Pennsylvania. As chief executive, he is spearheading the credit union’s adoption of new technologies, including artificial intelligence and stablecoin – a form of digital currency that companies will be allowed […]
A local lawsuit related to a data breach at insurance and employee benefits brokerage Alera Group has prompted a local lawsuit. The lawsuit is not targeting Illinois-based Alera, however. It was filed last month against Members 1st Federal Credit Union, based in Hampden Township, Cumberland County. Filed in Cumberland County by a Members 1st employee, the lawsuit […]