Banking & Finance

Dec 16, 2020

Univest opens first Berks County branch in West Lawn

Souderton-based Univest Financial is opening its first location in Berks County.

Dec 15, 2020

Wells Fargo’s Chief Economist predicts economic improvement by Q2 of 2021

COVID-19 continues to take an economic toll as cases and deaths surge across America, causing the outlook for the current quarter and first quarter of 2021 to be downgraded.

Nov 25, 2020

For a conservative investment now may be the time for municipal bonds

The global financial markets coronavirus rollercoaster ride along with cultural and politic seismic shifts have some investors longing for investment stability. The municipal bond market is an attractive vehicle for those looking for tax advantages, portfolio diversification and contentment with conservative performance.

Nov 18, 2020

Members 1st Credit Union opens first branch in Berks County

The credit union, which has 57 branches, opened its newest in the Reading suburb of Shillington at 516 Lancaster Ave.

Riverview Bank
Nov 6, 2020

Riverview Financial to close Camp Hill, Tower City offices in first quarter of 2021

Riverview Financial Corporation, the parent company of Harrisburg-based Riverview Bank, will close two branches by the close of 2021’s first quarter — one in Camp Hill and the other in Tower City — as part of a multi-year efficiency initiative that’s been accelerated by the pandemic.

Nov 3, 2020

Allentown joins national Bank On initiative to increase bank access

The local Bank On Coalition is a partnership of the City of Allentown, United Way of the Greater Lehigh Valley, the Financial Literacy Center, the FDIC, People First, First Commonwealth Federal Credit Union and QNB Bank.

Nov 2, 2020

Lehigh Valley Mall co-owner PREIT files Chapter 11 bankruptcy to help with restructuring

As it tries to navigate the challenges of COVID-19, Philadelphia-based PREIT, co-owner of the Lehigh Valley Mall, filed for Chapter 11 bankruptcy Sunday, a move it said will help it restructure.

Oct 28, 2020

Ben Franklin Technology Partners announces $400K in funding

Ben Franklin Technology Partners of Northeastern Pennsylvania has announced more than $407,000 in investments in its latest round of funding.

Oct 22, 2020

Accounting firm RLB names William Bloss managing partner

RLB Accountants of Allentown has named William E. Bloss as its managing partner. He will take over for Martin C. Levin, who has served as managing partner since the firm was formed in 2009.

Oct 21, 2020

COVID-19 leaves its mark on 2020 tax planning strategies

Now is the time of year when companies start their tax planning, but as with just about everything, the COVID-19 pandemic has created obstacles to normal tax-planning efforts.

Oct 15, 2020

Worries about vaccines, ‘second wave’ of virus create economic uncertainty, fed adviser says

“As of mid-August … the pace and duration of the recovery remains largely uncertain,” said Ryotaro Tashiro, regional economic adviser at The Federal Reserve Bank of Philadelphia.

Oct 13, 2020

Paycheck protection loans of $50,000 or less fully forgiven regardless of employee retention

Borrowers who received loans of $50,000 or less from the Paycheck Protection Program will now be forgiven for the full loan amount regardless of any decreases to their full-time employee count or wages.