Mid Penn Bank has closed four branches in the Lehigh Valley and southeastern Pennsylvania. As of Sept. 30, the Millersburg-based bank shuttered branches in Allentown,
Over the last few years, influencers on social media have been pitching loans from the U.S. Small Business Administration as an easy path for taking over boring but profitable businesses from owners looking to retire. It was probably never that easy. But it is going to get harder – or at least slower – thanks […]
For years, banks in Central Pennsylvania have been pushing into the Philadelphia market, led by lenders such as Lancaster-based Fulton Bank and Harrisburg-based Mid Penn Bancorp. A Philly-area bank is pushing back. Wilmington, Delaware-based WSFS Financial Corp. has opened a limited service office in the Lancaster area for its banking and wealth management subsidiaries, WSFS […]
A state authority has raised the lending cap for borrowers tapping a low-interest loan program to cover real estate and construction costs. The statewide cap for the Pennsylvania Industrial Development Authority‘s Small Business First lending program is now $1 million or 50% of a project’s cost, whichever is less. The limit had been $400,000, in place […]
Truist, one of the largest banks doing business in Central Pennsylvania, has shuttered six branches around the region. The offices include three in Lancaster County and one each in Dauphin, Franklin and York counties. “The decision to close these branches was guided by multiple factors, including how and where clients choose to bank, local market […]
Mid Penn Bank is planning a new branch in the Ephrata area near where The Giant Co. is building a supermarket. The Millersburg-based lender is seeking regulatory permission to open a branch at 35 Hackman Road, a street address along the border between Clay and Ephrata townships off Route 322 northwest of Ephrata borough, according to state regulatory […]
An unusual coalition of financial institutions, law enforcement agencies and prosecutors in Pennsylvania is urging state lawmakers to pass legislation this fall to stop a growing problem: scammers who target and financially exploit senior citizens. In a letter last month, the Pennsylvania Bankers Association, the Pennsylvania Association of Community Bankers, the CrossState Credit Union Association, the Pennsylvania Chiefs of […]
Nearly a decade after co-founding one of Pennsylvania’s first medical marijuana businesses, Mark Toigo has handed the keys to employees. Toigo and Jaime Toigo, his wife and co-owner, have sold 100% of Organic Remedies to its 450-plus workers through an employee stock ownership plan, or ESOP. The company had been courted by growing multistate cannabis operators, but […]
Several disgruntled shareholders are pushing back against the roughly $3.9 billion transaction that will make Select Medical Corp. a privately held business. Ahead of a scheduled vote on the deal this week, shareholders filed three separate lawsuits this month in Cumberland County and New York claiming officers and directors of the Mechanicsburg-based rehab chain did not […]
After graduating with a degree in business from Juniata College, Adam Metz began his banking career as a credit analyst at the former Dauphin Deposit in Harrisburg. He enjoyed the analytical side of the industry. But he also came to enjoy the people side, a side that continued to resonate with him throughout his career. […]