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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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The PRO Act is called a ‘game changer’ by unions, and a threat to worker freedom by right-to-work advocates (access required)

The PRO Act, a prospective legislative move currently under consideration in the U.S. Senate Committee on Health, Education, Labor and Pensions, as proposed would ban state right-to-work laws, require employers to provide personal employee information to unions, such as cell phone numbers and addresses, and make it harder for companies to legally hire gig workers.

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Turkey Hill taps former Hostess executive to be its CEO (access required)

Lancaster County-based Turkey Hill LLC, a major manufacturer and distributor of branded ice cream, frozen novelties and refrigerated drinks for retail, food service and alternative channels, appointed Andy Jacobs as CEO and Paul Gagliano as chief customer officer. Jacobs was most recently executive vice president, chief customer and experience officer, and chief operating officer at Hostess Brands. Prior to that, served as president of ...

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