An independent investigation has found no illegal action on the part of former Pennsylvania State Employees' Retirement System Chief Investment Officer Anthony Clark.
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Finance
Fitch affirms Pa’s $2.3 billion unemployment bonds at AA+; outlook stable
Fitch Ratings affirmed the AA long-term rating on the Pennsylvania Economic Development Financing Authority's unemployment compensation revenue bonds series 2012A, 2012B, and 2012C.
Read More »Please don’t ditch the quarterly reports
Community banks are like the little brother who was outside playing when his two older brothers broke their mom's antique vase during a shoving match.
Read More »Fulton Financial gets Fed cease and desist order it had been waiting for
Fulton Financial Corp. knew it was coming, and this week, it came.
Read More »Newsmakers: Banking and Finance
Businesses featured this week: Conte Wealth Advisors, Metro Bank
Read More »In brief: National Penn gets regulatory approval for merger
Allentown-based National Penn Bancshares Inc. announced it has received all necessary government approvals for its planned acquisition of
TF Financial Corp. of Newtown.
Wilmington Trust must pay $18.5 million SEC fine
Wilmington Trust Co., a division of M&T Bank Corp. with an office in Harrisburg, has agreed to pay an $18.5 million fine to the Securities and Exchange Commission for under-reporting overdue loans.
Read More »New unreimbursed expenses policy needs further review, better guidelines
This past spring, the Pennsylvania Department of Revenue embarked on a new program, on the recommendation of an outside consultant, to ferret out what it considered to be potential tax evaders.
Read More »York County home sales dip in August, up for the year
York County home sales involving an agent declined slightly in August, but the residential market remains up for the year, according to the Realtors Association of York & Adams Counties.
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Accounting industry facing heavy merger activity
If the ParenteBeard merger with Baker Tilly goes through, it won't be the last time you hear about accounting firms merging this year.
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National Penn Bancshares starts $100M debt offering
National Penn Bancshares Inc. announced Monday it will start a public offering of $100 million of its unsecured fixed-rate senior notes with an eye on current and future acquisitions.
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ParenteBeard merger likely won’t affect midstate operations
Baker Tilly Virchow Krause LLP doesn't plan on closing any of the ParenteBeard LLC offices after the two companies announced a merger this week that takes effect Oct. 1.
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Susquehanna to break ground on new location in new development
The newest Susquehanna Bank location will break ground next week in a highly anticipated new retail development location in Cumberland County.
Read More »Newsmakers: Banking and Finance
Businesses featured this week: Ephrata National Bank, Jacqueline L. Powell & Associates Inc., Metro Bancorp Inc., PeoplesBank
Read More »M&T survey: Pennsylvania firms expect to ramp up hiring of full-time workers
Economic growth appears to be on the right track in Pennsylvania, according to the third-quarter economic outlook survey from Buffalo, N.Y.-based M&T Bank Corp.'s commercial banking division.
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