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Author Archives: Garry Lenton

JBT Bankcorp earnings double in Q2

Jonestown-based JBT Bancorp Inc. reported that its second-quarter earnings jumped 128%, from $1.388 million to $3.158 million. That comes to $1.30 per share, up from $0.57 per share last year. Earnings were boosted by increases in loan interest income, mortgage profits and fees earned from loans issued as part of the Paycheck Protection Program, President and CEO Troy A. Peters ...

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Deciphering Cryptocurrency (access required)

Chip Rutan watched in recent weeks as the value of cryptocurrencies plummeted. To him, it was all part of the up and down cycles he has witnessed since he first bought cryptocurrencies about four years ago. “This is kind of the pattern that it always has been,” said Rutan, owner of Rutan Productions in New Cumberland. “You watch. It will ...

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A short history of cryptocurrencies (access required)

Today, there are thousands of cryptocurrencies, but they can all trace their origins to one, Bitcoin, which was created in 2008. Here is a look at some of the basics about cryptocurrencies, largely based on information found at Schwab.com, an international financial services company, and Coinbase.com, an online cryptocurrency exchange and information platform. The beginning According to both Schwab and ...

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Hershey Co., Land O’Lakes, Chesapeake Bay Alliance collaborate to foster sustainable dairy production in Pa. (access required)

The Hershey Co., Land O’Lakes Inc. and the Alliance for the Chesapeake Bay are collaborating on Sustainable Dairy PA, an initiative to reduce greenhouse gas emissions and help improve water quality in the Chesapeake Bay watershed. The global confectioner is providing initial funding of $300,000 to support the alliance and Land O’Lakes in helping to install agricultural conservation practices on ...

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