Wells Fargo is closing two of its branches in the Lehigh Valley this spring “in light of changing customer needs, market factors and economic trends,” a statement from the bank said.
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A recession is coming: What does that mean and how did we get here?
Don’t be afraid of the big bad recession. That was the core message that Jay Bryson, managing director and chief economist for Wells Fargo, had for the crowd at the Greater Lehigh Valley Chamber of Commerce Economic Outlook 2003.
Read More »Mid-size companies face roadblocks to growth even with ample capital
Mid-sized companies, industry analysts say, prospered during the COVID-19 pandemic, but now face roadblocks that inhibit continued growth.
Read More »Wells Fargo shuts down all personal lines of credit, sparking outrage
New York (CNN Business)Wells Fargo is shutting down all of its existing personal lines of credit, sparking outrage from consumers and advocates.
Read More »Community First Fund gets $3M grant to help small business recovery
Wells Fargo has selected Lancaster-based Community First Fund to receive a $3 million grant as part of its Open for Business Fund, a nationwide small business recovery effort.
Read More »Wells Fargo’s Chief Economist predicts economic improvement by Q2 of 2021
COVID-19 continues to take an economic toll as cases and deaths surge across America, causing the outlook for the current quarter and first quarter of 2021 to be downgraded.
Read More »COVID-19 Relief fund distributes $350K to Lehigh Valley businesses
The Greater Lehigh Valley Chamber of Commerce and business leaders in the community raised and granted $353,000 to local small businesses struggling with COVID-19-related expenses.
Read More »Banking relationships shifting in flurry of federal loan programs
The unprecedented volume of crisis loan applications is shifting lender-borrower relationships, as community banks establish lending relationships with small business owners who struggled to receive financial support at bigger banks.
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