After listening to both sides of a loan dispute yesterday morning, a Dauphin County judge outlined a potential truce and asked attorneys to put it
A regional bank allegedly relied on false premises to seize $1.6 million in inventory from a Harrisburg-area flooring company, according to a legal complaint filed by the company against the bank.The complaint, filed last week in Dauphin County court against Mid Penn Bank, is the latest salvo in a dispute over an alleged loan default by the […]
State lawmakers are taking another run at creating a state-backed retirement program for private-sector workers.Similar legislation cleared the Democratic-controlled House in 2023 but failed to move in the GOP-led Senate.The House is once again on the cusp of passing the legislation following its approval on Tuesday in a party-line vote by the House Commerce Committee.What’s the […]
Citing federal pullbacks in the area of consumer protection, the Shapiro administation yesterday unveiled a new hotline, website and email address for complaining about banks, insurers, student lenders and other financial services providers. State residents can now call 1-866-PACOMPLAINT, visit pa.gov/consumer or email [email protected] to report their concerns.Pennsylvania has its own set of laws designed to protect […]
A state authority is awarding $2 million to a new venture capital fund that aims to sink the money into Pennsylvania’s life sciences sector, an area that state officials have targeted for growth.The fund is Neovate Life Sciences GP 1 LLC, launched by Neovate Capital Partners, which has offices in Pittsburgh, London, Boulder, Colorado, and New Haven, […]
Bank of Bird-in-Hand in Lancaster County is seeking permission to add a stop in Mount Joy for one of its Gelt Buses, which are essentially bank branches on wheels.If all goes as planned, the bank’s Gelt Bus No. 3 would begin making stops at 3141 Mount Joy Road, the home of Mount Joy Gift and Thrift, […]
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 this fall at 2323 Linglestown Road in Susquehanna Township, a Chase spokesperson confirmed, saying more details would be available as the opening date approaches.The New York-based bank, an arm of JPMorganChase, […]
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 […]
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