Orrstown Financial Services is planning to shed six branches as it seeks to wring cost savings from its recent merger of equals with PeoplesBank parent Codorus Valley Bancorp.The closures,
Another local financial advisory has landed in the arms of a larger business.Rodgers & Associates Wealth Advisers, based in Manheim Township, Lancaster County, has been acquired by Bluespring Wealth Partners, an Austin, Texas-based firm that has scooped up more than two dozen wealth management firms since it was founded five years ago.Rodgers & Associates referred questions […]
Fulton Financial is closing 19 branches in southeastern Pennsylvania, South Jersey and New York City three months after the bank’s emergency acquisition of failed Philadelphia lender Republic First Bank, a deal that deepened Fulton’s reach in the state’s largest market. Lancaster-based Fulton is closing 13 of its own branches and six former Republic branches, according to Fulton spokesperson Stephen […]
After a run of more than 20 years, Traditions Bank in York County has agreed to be acquired by ACNB Corp., a Gettysburg-based institution aiming to push eastward into York and Lancaster counties.The all-stock deal, expected to close in the first quarter of 2025, is valued at $73.5 million. The combined bank would have assets of $3.3 billion and […]
Orrstown Financial Services is shedding about 135 jobs as part of its recently closed merger with Codorus Valley Bancorp, with the majority of the cuts landing in back-office areas such as marketing, technology, finance and risk management, according to bank executives.The cuts stem from overlapping operations of the two banks, Tom Quinn, Orrstown’s president and CEO, said […]
Goldman Sachs Alternatives, a private equity arm of New York-based finance giant Goldman Sachs, has agreed to purchase a majority stake in TAIT, a live-entertainment production company based at Rock Lititz in Lancaster County. The seller is private equity firm Providence Equity Partners , which has had a stake in TAIT since 2019. Terms of the deal, which is […]
Zirtual, a portfolio company of Lancaster-based investment firm PennSpring Capital, is branching out.The virtual-assistant service has acquired Del.Trust, a company that offers virtual paralegal services to attorneys and law firms nationwide. Terms of the transaction were not disclosed.Del.Trust founder Jaclyn Foster is joining Zirtual as president of its newly established paralegal services division.“She is the ideal leader […]
Concentra, the occupational health subsidiary of Mechanicsburg-based rehab chain Select Medical, filed last week for an initial public offering of stock, though many of the details remain to be filled in — including the timing and share price for the IPO. Nonetheless, the filing presents a fairly detailed overview of Concentra, its operations and its outlook on the […]
Drew Mousetis understands the benefits of employee ownership.As a lead consultant for employee-owned software company Cargas in Lancaster, he enjoyed a sense of financial security that allowed him and his wife to purchase a new home in Lancaster Coujnty where they are raising their four young children.“You just can’t really put a value on that,” […]
In a party-line vote, a House panel approved legislation on June 12 to exempt Pennsylvania sales taxes from so-called swipe fees — the fees assessed to process transactions involving credit cards.Fourteen Democrats on the committee voted for the legislation, House Bill 2394, while 11 Republicans were opposed.The exemption would mean that on a $1 purchase in […]
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