During the first round of Paycheck Protection Loans last year, Customers Bank of West Reading was able to assist in more than 100,000 PPP loans totaling more than $5 billion.
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Finance
With COVID-19 shutdown, Pennsylvania casino revenue fell 22% in 2020
COVID-19 meant no sports to wager on and no casinos to gamble in for most of 2020, leading to a large drop in gaming revenue in Pennsylvania last year.
Read More »PPP loan applications open today with a tighter focus on small business
Lenders with less than $1 billion in assets can now submit applications for the second round of the Paycheck Protection Program (PPP) starting today, but borrowers looking to use the program a second time will have more hoops to jump through than they did last year.
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AmeriChoice names former Members 1st exec as president, CEO
Mechanicsburg-based federal credit union AmeriChoice welcomed its newest president and CEO this week.
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The pandemic is leading more future retirees to a financial awakening
With the pandemic creating more time in many peoples’ lives along with more free time at home people seem to be paying more attention to financial planning, said Joyce Petrenchak, senior vice president and wealth strategy regional manager for PNC Bank’s northeast region.
Read More »COVID-19 relief bill clarifies PPP loans
Congress clarified some of the confusion regarding Paycheck Protection Plan loans with the $900 billion COVID-19 economic relief package agreed to on Sunday.
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Looking at presidential and pandemic implications for the 2021 economy
The year 2021 begins with a new incoming president and hope for an end to the COVID-19 pandemic – two factors that may have the greatest impact on the nation’s economy.
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New federal stimulus package welcomed, lawmakers point out issues
State lawmakers praised the coming of the $900 billion federal stimulus package approved by the Senate and Congress this week but noted that much more must be done before the nation recovers from its public health and economic crisis.
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Community First to use $10M gift to open credit union
Community First Fund plans to open a credit union in Lancaster County this summer for those underserved by other lending institutions.
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Univest names V.P. Dana Brown as president of Consumer Services
Univest Bank and Trust Co. of Souderton has named Dana E. Brown as president of Consumer Services.
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Community First CEO joins Federal Reserve Board’s Community Advisory Council
Dan Betancourt, the longtime president and CEO of Community First Fund, has been selected to serve on the Federal Reserve Board’s Community Advisory Council.
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Wells Fargo’s Chief Economist predicts economic improvement by Q2 of 2021
COVID-19 continues to take an economic toll as cases and deaths surge across America, causing the outlook for the current quarter and first quarter of 2021 to be downgraded.
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Pandemic fatigue leading more company leaders to choose early retirement
Succession planning may bring to mind aging small business owners eying retirement, but think again. Professionals of all types are asking financial advisers at Domani Wealth if they can retire early this year.
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Trout CPA announced addition of its 20th partner
Accounting firm Trout CPA added Dan Chodan, a tax manager with over seven years experience at the firm, is its 20th partner, the Lancaster County firm announced Friday.
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Community First Fund lands $5M Google loan to help small business
Community First Fund announced that it will receive a $5 million Grow with Google Small Business Fund loan from Opportunity Finance Network to aid small businesses battered by the COVID-19 economy.
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