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NEIF report shows $220M in energy efficiency financing in 2025
The National Energy Improvement Fund, a Certified B Corporation energy efficiency lender co-headquartered in the Lehigh Valley and Denver, has released a report detailing its work in 2025. The NEIF said it financed over $220 million in financing in 2025 for essential upgrades that improve home and building health, safety, efficiency and comfort. Finance projects[...]
The Neffs National Bank opens new branch in Palmerton
The Neffs National Bank on Monday, opened the doors of its new Palmerton branch at 372 Delaware Ave. This is the bank’s third branch along with locations in Neffs and Walnutport. According to a press release from the Pocono Chamber of Commerce, the property was originally the home of The Citizens Bank and Trust Company, which operated there[...]
Fulton receives approvals for Blue Foundry acquisition
Fulton Financial Corporation said it has received all regulatory approvals for its previously announced acquisition of Rutherford, New Jersey-based Blue Foundry Bancorp. Regulatory approvals have been granted by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Blue Foundry's stockholders approved the transaction on Jan. 29. [...]
Firstrust Bank partnering with mortgage company
Firstrust Bank, which has locations throughout the Lehigh Valley, recently announced a partnership with MortgageCountry LLC to manage key mortgage production functions to position the Bank's mortgage business for long-term sustainability and growth. Through this partnership, MortgageCountry will[...]
Customers Bancorp to repurchase up to $100M of stock
The board of directors of Customers Bancorp Inc., the holding company for West Reading-based Customers Bank, has authorized a new common stock repurchase plan, providing the company the discretion to purchase up to $100 million of its outstanding common stock over a one-year period. “Over the past several years, we have deliberately strengthened our[...]
New tax changes will strain tight accounting workforce
The accounting industry is facing the same challenge that many other industries are facing – finding skilled employees to replace the ones that are retiring from the industry. “One of the trends we’re seeing across all industries is a shortage of accounting professionals,” said Mike Stoudt, managing partner at RKL LLC. And he said it doesn’t see it[...]
Tax planning amid market volatility
A Conversation With: Eric Wiegand, partner at River Wealth Advisors Eric Wiegand is a partner, senior wealth advisor and Lehigh Valley market leader for River Wealth Advisors. He has spent nearly 20 years helping high-net worth clients identify their financial objectives and needs, then building personalized plans that align with their financial goals. LVB: Most people think[...]
Pa. banks, credit unions believe bill will cause chaos for businesses, consumers
A statewide coalition of community banks and credit unions expressed their opposition to House Bill 2090, approved this week by the Pennsylvania House Finance Committee. HB 2090 provides for prohibition on certain payment card network fee practices; and imposing penalties. The bill was endorsed by this week by, among others, the Pennsylvania Food[...]
PFMA says swipe fee bill would protect retailers, lower consumer prices
The Pennsylvania Food Merchants Association (PFMA) praised the Pennsylvania House Finance Committee for advancing House Bill 2090, a measure aimed at preventing credit card companies from charging swipe fees on Pennsylvania sales tax. “For food retailers operating on razor-thin margins,[...]
President of Peoples Security Bank to retire
Peoples Security Bank and Trust Company, which has locations throughout the Lehigh Valley, Central and Northeastern Pennsylvania has announced that its president and director the bank, Thomas P. Tulaney will be retiring effective April 3. Tulaney was[...]
Credit Union moving into East Side Allentown shopping center
East Allentown residents will soon have a new place to do their banking. Larken Associates said it signed a 3,275-square-foot lease with First Commonwealth Federal Credit Union (First Commonwealth) at Allentown Commons at 1302 Hanover Avenue in[...]
Fulton Financial’s annual earnings rise, momentum slows in fourth quarter
Fulton Financial Corporation has announced 2025 fourth quarter and full-year results. Fulton reported net income available to common shareholders of $96.4 million, or $0.53 per diluted share, for the fourth quarter of 2025, a decrease of $1.5 million in comparison to the third quarter of 2025. Operating net income available to common shareholders for the three months[...]
