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Lehigh Valley Fleming Neuroscience Institute opens with gift from Fleming Foundation
Lehigh Valley Health Network (LVHN) has launched the Lehigh Valley Fleming Neuroscience Institute to expand its neurology and neurosurgery research, training and care in the region. The institute’s creation was made possible by a gift from the Fleming Foundation, established by the late businessman and philanthropist Richard Fleming, a long-time[...]
Unique Snacks expanding into Texas market
Reading-based Unique Snacks is expanding its products into the Texas market. The company is introducing its Original Splits, Pretzel Shells, Sprouted Splits, Sprouted Shells, Multi-Grain Splits, Sourdough Craft Beer Pretzel Rings and other pretzel varieties, as well as its Honey Mustard and German Mustard dips at additional markets and grocery[...]
RelaxNation sold for $3.8 million
RelaxNation, a 48-acre campground in Lehighton, sold for $3.8 million. The complex at 1500 Rock Road was purchased by a group of investors, including Deepak Bhatnagar of Flemington, New Jersey, and Kuldeep Kumar of New York in early June. The investors plan on making many improvements and updates to the[...]
Prudential Bancorp shareholders vote to approve acquisition by Fulton Financial
Prudential Bancorp Inc. shareholders voted to approve Fulton Financial Corp.’s acquisition of the corporation and its subsidiary, Prudential Bank. Prudential, located in Philadelphia, said more than 98% of the votes cast were in favor of approving the agreement and plan of merger that was previously announced on March 2. “The[...]
New Jersey-based packaging manufacturer leases space in Riverside Business Center
Pianca Packaging, LLC has signed a lease with Buligo Capital Partners for more than 28,000-square-feet of industrial space within the Riverside Business Center in Whitehall. Headquartered in New Jersey, Pianca Packaging manufactures and provides custom-designed containers for end-users such as Applebee’s, Costco, Starbucks Coffee, Publix Super Markets and Wegmans Food[...]
The Fulton Foundation donates $125,000 to NFTE
The Fulton Forward Foundation, an independent, non-profit private foundation funded by Fulton Bank, committed $125,000 to the Network for Teaching Entrepreneurship (NFTE) today. The funds, which will be provided to the global educational non-profit focused on bringing entrepreneurship to youth in low-income communities throughout the Mid-Atlantic region over a four-year[...]
Kane to retire as market leader for Key Bank
Key Bank said that Robert Kane, Jr will be retiring July 1, after a a banking career of more than four decades. He is the bank’s market leader for the Greater Philadelphia region, which includes the Lehigh Valley He will be succeeded by KeyBank Commercial Sales Leader Jamie Tranfalia, who[...]
Lehigh Valley housing prices reach another record at $290,000
The hot housing market hit another record high as the median sale price rose $40,000 in May, according to The Greater Lehigh Valley Realtors. While the May data showed that year-over-year, the two Mays were compatible, this May set a record high, even as interest rates are on the rise. [...]
Bids for mixed-use development tax credits open
The Pennsylvania Housing Finance Agency is accepting bids for the purchase of $4.5 million in mixed-use development tax credits. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities. The deadline for bids is 2 p.m. on Friday, July 15. [...]
Good Shepherd receives $250,000 donation toward new hospital
Air Products Foundation gave $250,000 to the Good Shepherd Rehabilitation Network “Hope Starts Here” capital campaign to support its planned Outdoor Therapy Garden. The pledge helps Good Shepherd Rehabilitation Network’s efforts to build a 76-bed, state-of-the-art rehabilitation hospital on 45 acres of land across from The Promenade Shops of Saucon[...]
Williams to retire as president and CEO of Discovery Federal Credit Union
After 26 years of service to Reading-based Discovery Federal Credit Union, Edwin Williams, has announced plans to retire from his position as Discovery Federal Credit Union’s President & CEO by the end of the year. The credit union’s board of directors has formed a committee to conduct a comprehensive search[...]
Medical Arts Building in Reading undergoes renovations with $2.25 million state funding
Shuman Development Group has received $2.25 million from the state Redevelopment Assistance Capital Program to improve the Medical Arts Building in Reading. Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver toured the facility Thursday to see the rehabilitation work. “The rehabilitation of the Medical Arts Building will[...]
