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Customers Bancorp acquires $631M venture loan portfolio
West Reading-based Customers Bancorp, through its principal subsidiary, Customers Bank, has acquired a $631 million venture banking loan portfolio from the Federal Deposit Insurance Corp. at approximately 85% of book value.
Lehigh University buys Lutheran churches
Lehigh University has purchased three Bethlehem churches for $3.75 million.
New Jersey firm buys Northgate 1 on Airport Road for $4.5 million
RDM Group of New Jersey has purchased Northgate 1, a 22-acre tract on Airport Road, Hanover Township for $4.5 million.
Rite Aid declines $815m buyout offer
East Pennsboro Township-based Rite Aid confirmed on Thursday that it rejected a buyout offer from a New Orleans-based private equity firm.
Investors plan renovation to building housing students and commercial tenants
A building in downtown Kutztown with student housing and commercial space has been purchased by investors for more than $1.5 million.
