Lancaster-based financial services company Fulton Financial Services has agreed to pay a $1.5 million penalty to the Securities and Exchange Commission after regulators alleged it inaccurately reported financial performance from late 2016 through mid-2017.

Lancaster-based supportive housing developer HDC MidAtlantic has secured the first sale for its homeownership program, which provides resources to residents of modest incomes to purchase Larkspur Crossing residences at a price significantly below market value.

Mid Penn Bancorp, the parent company of Mid Penn Bank, announced it will close three branches in the bank’s retail network by the end of the year as part of a consolidation strategy.

Community bank F&M Trust announced Thursday it will open a regional headquarters location in Harrisburg at 4050 Crums Mill Road in Lower Paxton Township.

State Auditor General Eugene DePasquale said his department’s report on the state’s controversial waiver process that allowed certain businesses to operate amid the pandemic will be released to the public during the first week of October, with a target release date of Oct. 6.

“Underlying this pandemic, I think there is a very hot economy,” Black said. “It’s not like what we saw in the big recession. This is kind of an artificial recession.”

Bank of Bird-in-Hand, a community lender serving Lancaster and Chester counties, intends to undertake a common stock offering commencing in September, according to an announcement this week from President and CEO Lori A. Maley.

Adam Stewart will join midstate credit union PSECU’s leadership team in the newly created role of assistant vice president of sales and sales strategy, transitioning out of his marketing leadership role at another Harrisburg credit union, Belco Community Credit Union. Stewart’s appointment is effective, Sept. 8.

A grant program designed to help York County small businesses and nonprofits recover from the economic blow inflicted by COVID-19 is taking applications.

A bipartisan bill in the General Assembly would require Pennsylvania insurance companies to cover COVID-19-related business interruptions for their commercial policyholders.

Gov. Tom Wolf proposed $325 million in aid for small businesses as part of a statewide pandemic relief package funded by Pennsylvania’s CARES Act allocation. The governor also proposed financing long-term small business support programs by legalizing recreational marijuana and taxing it.

Northwest Bank agreed to pay the commonwealth $15,000 along with other concessions to settle accusations by state Attorney General Josh Shapiro that it made deceptive threats of legal action against consumers who fell behind in vehicle loan payments.

A Lebanon County commissioner who refused to sign the settlement county officials reached with Gov. Tom Wolf to secure $12.8 million in CARES Act funds rebuked the deal, arguing that the county should have pressed the lawsuit further instead of capitulating to the state’s spending requirements.

Wells Fargo Retail Services is equipping its nationwide retailers with a patent-pending, contactless technology developed by Versatile Credit Inc., a fintech solutions provider based in Mechanicsburg.

Members 1st Federal Credit Union unveiled technology that officials say will give customers more ways to do business as it gears up to expand in Berks and Lehigh counties and open a new headquarters office in Cumberland County.