CPBJ - Banking and Finance http://www.cpbj.com/section/banking_finance Banking and Finance News Banking and Finance en-us Copyright 2014 Central Penn Business Journal Thu, 24 Apr 2014 01:08:10 EST Thu, 24 Apr 2014 01:08:10 EST http://www.cpbj.com/article/20140423/CPBJ01/140429905&source=RSS Highmark's insurance income fell slightly in 2013 Locally prominent Pittsburgh-based insurer Highmark Inc. announced today that its 2013 net income was 294. 1 million, or 2 percent of operating revenues, down from last year's figures of 432. 2 million and 2. 9 percent. Wed, 23 Apr 2014 12:03:00 EST http://www.cpbj.com/article/20140423/CPBJ01/140429905&source=RSS http://www.cpbj.com/article/20140423/CPBJ01/140429914&source=RSS Fulton flat, Northwest down, Integrity up in Q1 Two midstate-based banks and another with significant operations here recently reported their earnings for the first quarter. Wed, 23 Apr 2014 09:37:00 EST http://www.cpbj.com/article/20140423/CPBJ01/140429914&source=RSS http://www.cpbj.com/article/20140422/CPBJ01/140429941&source=RSS WalletHub report Pa. ranks 11th in financial literacy Pennsylvania ranks 11th on an overall measure of which areas of the country are most financially literate, according to a new report by personal finance social network WalletHub. Tue, 22 Apr 2014 14:39:00 EST http://www.cpbj.com/article/20140422/CPBJ01/140429941&source=RSS http://www.cpbj.com/article/20140422/CPBJ01/140429947&source=RSS Orrstown Bank relieved of stricter state enforcement Fed order still stands Orrstown Financial Services Inc. on Monday announced the termination of the formal agreement of regulatory action it made with the Pennsylvania Department of Banking &#8212 now Department of Banking and Securities &#8212 in March 2012. Tue, 22 Apr 2014 10:46:00 EST http://www.cpbj.com/article/20140422/CPBJ01/140429947&source=RSS http://www.cpbj.com/article/20140422/CPBJ01/140429957&source=RSS SBA Two rules changes will make loan access easier Two new rule changes went into effect this week for SBA 504 borrowers that officials say will help with qualification and eligibility. Tue, 22 Apr 2014 08:33:00 EST http://www.cpbj.com/article/20140422/CPBJ01/140429957&source=RSS http://www.cpbj.com/article/20140421/CPBJ01/140429983&source=RSS Donegal Group shoots down latest Gregory Shepard proposal The stockholders at Donegal Group Inc. have rejected another of activist shareholder Gregory Shepard's plans to change what he believes are inequities in the company structure. Mon, 21 Apr 2014 09:37:00 EST http://www.cpbj.com/article/20140421/CPBJ01/140429983&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/140419725&source=RSS Newsmakers Banking and Finance Businesses featured this week Metro Bank, MT Bank Thu, 17 Apr 2014 16:19:00 EST http://www.cpbj.com/article/20140418/CPBJ01/140419725&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/304179986&source=RSS Behind the List with Larry J. Miller Larry J. Miller is the president and CEO of PeoplesBank. He says, Every company has to adapt, grow and innovate . . . or they will no longer meet the needs of their clients. We plan to remain relevant 10 years from now. Thu, 17 Apr 2014 11:45:00 EST http://www.cpbj.com/article/20140418/CPBJ01/304179986&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/304179988&source=RSS Shuffling of local banking execs could be coincidence or trend The flurry of banking executive job-shifting in the midstate in 2014 has been dizzying, but experts are divided on whether it's part of a national trend or a blip on the regional radar. Thu, 17 Apr 2014 11:45:00 EST http://www.cpbj.com/article/20140418/CPBJ01/304179988&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/304179989&source=RSS Central Pa. banks continue looking for new ways to engage children, adults in financial literacy Not only is it good business for banks to offer financial literacy programs, but the demand continues to exist in the community. Thu, 17 Apr 2014 11:45:00 EST http://www.cpbj.com/article/20140418/CPBJ01/304179989&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/304179990&source=RSS Santander rebranding introduces global presence to midstate Banco Santander bought about 20 percent of Sovereign Bank for 2. 4 billion in 2006. Thu, 17 Apr 2014 11:45:00 EST http://www.cpbj.com/article/20140418/CPBJ01/304179990&source=RSS http://www.cpbj.com/article/20140418/CPBJ01/304179999&source=RSS What do our public company leaders make? Comparing CEO compensation across public companies in the midstate is never going to be fair, and results will always vary. Thu, 17 Apr 2014 10:30:00 EST http://www.cpbj.com/article/20140418/CPBJ01/304179999&source=RSS http://www.cpbj.com/article/20140418/BLOGEXTRA/140419742&source=RSS The good, the bad of the midstate banking outlook It's tough to tell if this is a good time to be a local bank or if it's still as challenging as it was five years ago. Thu, 17 Apr 2014 15:13:00 EST http://www.cpbj.com/article/20140418/BLOGEXTRA/140419742&source=RSS http://www.cpbj.com/article/20140417/CPBJ01/140419738&source=RSS National Penn releases earnings, declares dividend, drops purchase bid It's been a busy week at National Penn Bancshares Inc. Thu, 17 Apr 2014 15:21:00 EST http://www.cpbj.com/article/20140417/CPBJ01/140419738&source=RSS http://www.cpbj.com/article/20140417/CPBJ01/140419743&source=RSS Donegal busy at board of directors meeting Donegal Group Inc. announced two promotions, a stock dividend and a small leave of absence for its leader after a board of directors meeting this week. Thu, 17 Apr 2014 14:56:00 EST http://www.cpbj.com/article/20140417/CPBJ01/140419743&source=RSS