As it seeks to boost its retail base nationwide, Chase Bank is planning to open its third office in the Harrisburg area.The branch is slated to open
Regional dealmakers came to life in the second half of 2024 as interest rates came down. Nonetheless, the volume of mergers and acquisitions in Central and southeastern Pennsylvania fell last year for the third year in a row, according to an annual report by professional services firm RKL LLP. This year began on an active note, according to Bryan […]
The owner of a Harrisburg-area flooring company and a regional bank are trading allegations in Dauphin County court over the status of a $4 million loan. Mid Penn Bank claims the loan is in default and is seeking a judgement of just over $4 million, plus interest, according to court filings. Scott Appel, founder of flooring manufacturer and […]
During the 34 years he’s been a board member at F&M Trust, G. Warren Elliott has seen “too many” community banks disappear in mergers and acquisitions.Elliott, F&M Trust’s chairman since 2012, does not want the Chambersburg-based bank to join their ranks, but he knows the lender will have to work to preserve its independence.“We can’t […]
A York tax preparer is facing charges for allegedly falsifying applications from businesses seeking loans under an emergency federal program designed to help businesses meet payroll after the Covid-19 pandemic tanked the economy in early 2020. The U.S. Attorney’s office in Harrisburg has indicated tax preparer Dommonick T. Chatman on 20 counts of bank fraud and […]
Finanta, a nonprofit based in Lancaster, is expecting millions of dollars from the federal government this year to further its mission, which includes lending to businesses in poor communities.But the federal fund that provides those dollars is among several programs targeted for cuts or possible elimination under an executive order issued late Friday by President Donald […]
State police broke up a bank-fraud ring that drained more than $3 million from accounts of customers at Members 1st Federal Credit Union, according to a criminal complaint filed in a Cumberland County magisterial district. The credit union, based in Hampden Township, Cumberland County, reimbursed the losses suffered by its members.News of the bust came last […]
Wells Fargo is closing its branch in the heart of Red Lion. The San Francisco-based bank plans to close the branch at 1 N. Main St. at 11 a.m. on May 7, according to a bank spokesperson. Once it closes, customers can use a Wells Fargo branch at 2099 S. Queen St. in York Township.Like other […]
After an early retirement scuttled its CEO succession plans last year, Orrstown Financial Services is back on track.The regional bank named a longtime executive, Adam Metz, as the successor to president and CEO Tom Quinn, who is slated to retire next year.Metz, Orrstown’s chief revenue officer since 2019, has been promoted to senior executive vice president and […]
In a budget proposal for the fiscal year that starts July 1, Gov. Josh Shapiro is proposing to eliminate the bank shares tax and subject banks to the corporate net income tax.First introduced in the 19th century, the tax is based on how much capital banks hold. The he corporate net income tax, or CNI, […]
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