Businesses featured this week: Gratz Bank, National Penn Bancshares Inc., PeoplesBank
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Finance
M&T to pay almost $3M over ‘free checking’ ads
An agreement with the Consumer Financial Protection Bureau will cost M&T Bank about $3.1 million for what the federal agency called deceptive advertising.
Read More »Susquehanna, Fulton, M&T stay on top in report
The amount of attention paid to the Federal Deposit Insurance Corp.'s annual deposit market share report varies by banking institution.
Read More »General Assembly passes bill to simplify tax reporting for public charities
The state Senate this week passed a House bill that would simplify the tax reporting period for public charities in Pennsylvania.
Read More »PeoplesBank pushes back Cumberland opening, moves ahead with Madison acquisition
PeoplesBank's first move out of York County in Pennsylvania has been postponed.
Read More »Alcoa, ENB report Q3 earnings
Alcoa reported strong third-quarter earnings, while ENB Financial Corp. was down slightly.
Read More »Annual rate hikes part of stable bond ratings for Pennsylvania Turnpike Commission
Bond ratings services Moody's and Fitch Ratings have similar opinions that a series of bonds of the Pennsylvania Turnpike Commission are stable.
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PSERS investments generate nearly 15 percent return in 2013-14 fiscal year
The Public School Employees' Retirement System, or PSERS, nearly doubled its annual investment earnings assumption of 7.5 percent with a 14.9 percent rate of return for the 2013-14 fiscal year, which ended June 30.
Read More »Activist shareholder claims to have company to buy Donegal Group
Donegal Group Inc.activist investor Gregory Shepard said he has a potential buyer for the company lined up and wants the Donegal board to meet with its representatives.
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National Penn merger will trigger 3rd Fed layoffs
The merger between Allentown-based National Penn Bancshares Inc. and TF Financial Corp. will mean 77 TF Financial employees will lose their jobs, according to a state WARN notice.
Read More »Newsmakers: Banking and Finance
Business featured this week: Metro Bancorp Inc.
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Harsco to move into former PSECU building during corporate office renovations
About 80 Harsco Corp. employees will move to the former PSECU building in Harrisburg while its Wormleysburg corporate office is renovated.
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Former ParenteBeard employees — now Baker Tilly workers — meet with new CEO
Philadelphia-based ParenteBeard LLC is gone, as the regional accounting firm officially merged Wednesday with Baker Tilly Virchow Krause LLP of Chicago.
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Round 4: Companies post five-year-high stock prices this month, big returns
Money — big money — is the largest takeaway from the third-quarter Midstate Stock Report.
Read More »EDC Finance sweeps district in SBA loan volume
The EDC Finance Corp. ranked first out of nine organizations in the Small Business Association Philadelphia District for SBA 504 loan volume, it announced today.
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