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Finance

The only free lunch in investing

You may have heard about the importance of broadly diversifying your portfolio with a broad range of investments to reduce risk.   In investing, reducing risk almost always means accepting lower returns. But broad diversification can give you the best of both worlds.   Academic researchers have found that true diversification—the kind afforded by holding global investments for the long term–may be the only free lunch in the investment world. So why not eat ...

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The pandemic caused a rift in the Midstate’s economy that will require a more tech-savvy workforce.

When Jesse McCree looks across the economic landscape in the Central Pennsylvania region, he doesn’t see much difference from the macro trends nationwide caused by the Delta variant and other hiccups in the economic recovery. What worries him is what he sees farther along on the horizon.    “When I look three- to five-years down the ...

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Mid Penn Bank names Dickinson as chief retail officer

Millersburg-based Mid Penn Bank has promoted Joan Dickinson, executive vice president, to chief retail officer.  She will lead all retail activities of Mid Penn Bank and its division, Scottdale Bank and Trust, according to a release. Dickinson, who formerly served as chief of staff, is responsible for the 36 branch banking offices and Mid Penn’s ...

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Bank of Bird-in-Hand set to make common stock offering

The Bank of Bird-in-Hand released details of its next common stock offering, which will seek to raise $15 million in newly issued common shares.  The stock will be priced at $23 per share, with a minimum purchase of 1,000 shares ($23,000.) If demand exceeds $15 million, the bank’s board may up the target to $25 million, according to a ...

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ENB names a new financial officer and treasurer

ENB Financial Corp.’s Board of Directors unanimously elected Rachel G. Bitner at its new principal financial officer and treasurer, according to a regulatory filing. She was also unanimously elected by the board of Ephrata National Bank, ENB Financial’s wholly owned subsidiary, to be executive vice president and chief financial officer of the bank. Bitner, 43, ...

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York County joins effort to help small business owners of color recover from the pandemic

York County organizations are pulling together to help small business owners of color recover from the COVID-19 pandemic. The City of York, York County Economic Alliance, Downtown Inc., York County Government/York County Planning Commission, Four Squares Development, Powder Mill Foundation, Community Progress Council, Main Street Hanover, Pennsylvania Community Development and Finance Corporation, and the Pennsylvania ...

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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 ...

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