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Banking & Finance

May 16, 2022

Retiring Pennsylvania Chamber president reflects on serving the state

Gene Barr says it's been a great ride working to make Pennsylvania a better place to work, live and play.  The president of the Pennsylvania Chamber of Business and Industry will hand the reigns over to Luke Bernstein June 15, after announcing his retirement last November.  "This has been an[...]

Penn State University will receive a $90,000 state grant for its Butcher Apprenticeship Program. PHOTO/GETTY IMAGES
May 13, 2022

Capital Blue Cross grants $50,000 to KidsPeace

Capital Blue Cross awarded Lehigh County-based KidsPeace a $50,000 educational improvement grant.   Capital’s grant to KidsPeace will go toward the Donley Therapeutic Education Center, part of KidsPeace’s Orchard Hills campus in Orefield.   “We are very grateful to Capital Blue Cross for this generous donation,” said KidsPeace President and CEO Michael[...]

May 11, 2022

The Rodale Institute selected to receive federal money for agricultural sustainability

The Rodale Institute, Berks County, is one of 23 projects across the state to receive a federal grant intended to grow markets and increase the quality, safety and sustainability of the state’s specialty crops.  The Pennsylvania Department of Agriculture today announced more than $2.45 million in federal grants for the[...]

May 11, 2022

LU Small Business Development Center’s financing assistance program director honored

Lehigh University Small Business Development Center’s financing assistance program director is the 2022 State Star for Pennsylvania Small Business Development Centers (PASBDC).   The outfit honors top performers who help small businesses secure funding for success.  Robert Mineo first joined the Pennsylvania SBDC as a graduate student at Lehigh University, and[...]

May 11, 2022

Pennsylvania ranks second in nation for direct food sales from farms

Pennsylvania farms produced $600 million in revenue in 2020, making the state second in the nation for direct food sales, according to the USDA’s National Agricultural Statistics Service.  More than 6,200 Pennsylvania farms produced and sold food locally through direct marketing practices, said King Whetstone, director of the USDA’s National[...]

May 11, 2022

ESSA to offer student loan program

ESSA Bank & Trust of Stroudsburg announced that it has partnered with the Pennsylvania Higher Education Assistance Agency (PHEAA) to provide access to higher education loans through the borrower-friendly PA Forward Student Loan Program.  The PA Forward Student Loan Program is a suite of loans for undergraduate and graduate students[...]

May 11, 2022

Univest Financial pledges support for Grand View Health’s planned pavilion

Univest Financial is pledging $300,000 to Grand View Health Foundation’s This is Us Together campaign.  The regional financial services company, based in Souderton, said its pledge will help improve the critical healthcare infrastructure by supporting the new six-story, 190,000-square-foot Grand View Hospital pavilion that will open in Sellersville next summer. [...]

May 10, 2022

Microscopy distribution and service center leases space in Bethlehem industrial park

A Massachusetts firm is partnering with J. G. Petrucci Co. Inc., to build a microscopy distribution and service center in Bethlehem.   Evident, a wholly owned subsidiary of Olympus Corp. of Center Valley and a designer and manufacturer of life science and industrial solutions, leased space from J.G. Petrucci, a full-service design/build[...]

May 6, 2022

PPL reports first quarter earnings after last year’s first quarter losses

Allentown-based PPL Corp. today announced first-quarter earnings after posting a loss in the first quarter of 2021.  This year’s first quarter reported earnings (GAAP) was $273 million, or $0.37 per share, compared with a first-quarter 2021 reported net loss of $1.84 billion, or $2.39 per share.  Adjusting for special items,[...]

May 4, 2022

Berks County firm among nine to receive PIDA low-interest loans

F.M. Brown’s Sons Inc. of Sinking Spring received a Pennsylvania Industrial Development Authority low-interest loan to purchase processing equipment, Governor Tom Wolf said today.  The company received one of nine loans to support business growth that Wolf said will help create and maintain more than 375 jobs across the state. [...]

May 4, 2022

Schnecksville couple buys Indian Head Campground

A Schnecksville couple bought Indian Head Campground, Bloomsburg, with plans to upgrade the operation.  Jeff Barber of Lehigh Financial Group LLC arranged Small Business Administration financing to help Michael and Becky Shevlin purchase the 38-acre campground along the Susquehanna River and Fishing Creek for $1.3 million. The acquisition closed at[...]

May 3, 2022

New Tripoli Bank names new senior vice president and senior loan officer

The Board of Directors of New Tripoli Bank has hired a new senior vice president and senior loan officer.  Kate Hart Zayaitz joins New Tripoli Bank from her former role as commercial bank team leader at Fulton Bank. Prior to her five years with Fulton Bank, she was a corporate[...]