Banking & Finance

Oct 9, 2020

Want to build a smarter city? Know what the people need, experts say

It’s not 5G connections or lightning-quick internet service that makes a smart city. Beyond data and digital access, smart cities take the real needs of their citizens into account when reinventing processes and services to build better places in which to live.

Oct 8, 2020

Customers Bank says BankMobile’s merge with Megalith Financial ‘on track’ for close of 2020

“In an era when digital banking continues to expand, we look forward to building our business over the coming years and taking advantage of all strategic opportunities,” Jay Sidhu, CEO of Customers Bank said.

Oct 8, 2020

Loan requests for multi-family and industrial are strong in the Lehigh Valley

It’s simply too early to tell what the long-term impacts of the COVID-19 pandemic will be on construction projects in the Lehigh Valley, but banking executives from at least two major lenders in the region are reporting that, as far as construction loans are concerned, some things haven’t changed. 

Oct 6, 2020

Ben Franklin Venture Idol to go virtual for Entrepreneur’s Day

Ben Franklin Technology Partners of Northeast Pennsylvania has announced that this year’s Venture Idol competition will go on, but like most events, this year’s competition will be virtual.

Oct 5, 2020

Fulton Bank to close 4 Lehigh Valley, Berks County locations by January 2021

The Board of Directors of Fulton Bank approved plans to consolidate 21 financial centers, four of which are located in Lehigh Valley and Berks County, into nearby locations by Jan. 8.

Oct 5, 2020

Gov. Tom Wolf: 5,373 more small businesses to receive COVID-19 relief funds

Gov. Wolf said Monday 5,373 additional small businesses are set to receive $96 million in state grants to weather the economic conditions of the COVID-19 pandemic through the second round of the commonwealth’s statewide COVID-19 grant program, announced in July.

Sep 28, 2020

Fulton Financial pays $1.5M to SEC over allegations of false performance disclosure

Lancaster-based financial services company Fulton Financial Services has agreed to pay a $1.5 million penalty to the Securities and Exchange Commission after regulators alleged it inaccurately reported financial performance from late 2016 through mid-2017.

Patti Husic
Sep 28, 2020

PA Biz Conversations with Patti Husic

Patti Husic is president and CEO of Centric Financial Corp, talks to PA Biz Conversations about the business focus on diversity and inclusion and how aggressively the bank is helping business with loans and assistance during COVID.

Sep 25, 2020

Bankruptcy filings are down over last year, but a wave is expected if the lockdown continues

Businesses and individuals considering bankruptcy during the pandemic might be holding off for now while the crisis unfolds, but experts expect bankruptcies to rise as companies continue to struggle.

Mid Penn Bank
Sep 22, 2020

Mid Penn Bank to close Malvern, Pillow, Vanderbilt locations

Mid Penn Bancorp, the parent company of Mid Penn Bank, announced it will close three branches in the bank’s retail network by the end of the year as part of a consolidation strategy.

Sep 22, 2020

Suspected fraud delays Pa.’s Pandemic Unemployment Assistance

The Pennsylvania Department of Labor and Industry said there is going to be a delay in payments for new applicants to the Pandemic Unemployment Assistance program after it detected potential fraud.

Sep 17, 2020

Owners are taking a strategic look into business succession during COVID-19 pandemic

In the coronavirus era the path to small business succession and exit planning is lined with planning, purpose, flexibility and careful choices.