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Shift4 announces proposed stock offering
Shift4 Payments Inc. of Allentown is announcing a proposed public offering of Class A common stock. The Allentown company, which makes point-of-sale ordering and payment processing solutions, primarily for restaurants, had its initial public offering on the New York Stock Exchange in June. At that time Jared Isaacman, founder and[...]
Julia Brinjac: Innovation in state policy
When Julia Brinjac, policy director for the Pennsylvania Department of Banking and Securities, first planned for what her career would be, she thought she would need to familiarize herself with one subject matter and find her niche. Brinjac’s work is instead quite the opposite. As a policy director for the[...]
People First FCU names new CEO
People First Federal Credit Union has selected a new chief executive in Howard Meller, who is set to take over following the retirement later this year of outgoing CEO Jeffrey Albert, according to an announcement Friday from the Allentown-based financial services institution. The incoming and outgoing CEOs have been in[...]
Lawmakers seek to close coverage gaps in COVID business insurance
A bipartisan bill in the General Assembly would require Pennsylvania insurance companies to cover COVID-19-related business interruptions and property damage for policyholders. State lawmakers advocating the bill said small businesses have been denied coverage by their insurers because of “ambiguous language” cited in insurance policies that don’t explicitly include pandemic[...]
Pa. man gets 2 years probation for bank fraud
Editors note: Due to incorrect information provided, this story has been updated regarding Rene Roy's employment. A Mechanicsburg man was sentenced to one day in prison and two years of probation after pleading guilty to committing bank fraud at a Harrisburg-based credit union earlier this year. Rene Roy, 51, of[...]
Northwest Bank settles with Pa. Attorney General over debt collection practices
Northwest Bank agreed to pay the commonwealth $15,000 along with other concessions to settle accusations by state Attorney General Josh Shapiro that it made deceptive threats of legal action against consumers who fell behind in vehicle loan payments. Under the Assurance of Voluntary Compliance agreed to by both parties this[...]
Good Life Companies expands, adds $150M in client assets
Wyomissing-based Good Life Companies is expanding. It recruited two independent financial adviser businesses to its platform with approximately $150 million in total client assets. Former bank channel financial adviser Paul Castro has launched Pathway[...]
Members 1st launches multi-channel service options ahead of market expansion, HQ consolidation
Members 1st Federal Credit Union unveiled technology officials say will give customers more ways to do business as it gears up to expand in Berks and Lehigh counties and open a new headquarters office in Cumberland County. The credit union’s re-imagination of the Members 1st brand image and multi-platform[...]
Uber Eats partners with Allentown e-payment processor to provide ‘integrated ordering experience’
Shift4 Payments, an Allentown-based e-payment processing solutions provider, is integrating its digital restaurant marketplace with Uber Eats to create what the companies say will be an efficient ordering and delivery process for Shift4’s restaurant clients. The newly formed partnership will connect Shift4Payment’s restaurant clients with millions of potential customers through[...]
$96M in grants approved in round 1 of statewide COVID-relief small business program
State and local officials announced on Monday that the first round of the COVID-19 Relief Statewide Small Business Assistance grants have been awarded to 4,933 small businesses, totaling $96 million in grants for companies across the commonwealth who struggled to obtain federal stimulus funds from programs like the Paycheck Protection Program. Applicants[...]
Capco Managing Principal Holmquist recruited as Customers Bank’s risk chief
Eric Holmquist was recruited in July to work as Customers Bank’s new Executive Vice President and Chief Risk Officer, bringing more than 35 years of experience in the financial services sector to the job. He will be responsible for the design and execution of the Wyomissing-based bank’s enterprise risk management[...]
Ben Franklin announces $114,500 in grants, investments
Ben Franklin Technology Partners of Northeastern Pennsylvania has announced its latest round of investments. It has invested $114,500 in projects in this round including the distribution of funds from the Rebuilding Northeastern Pennsylvania Manufacturers Investment Fund, which is geared to provide matching grants to help small manufacturers recover from the[...]
