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Finance

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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Deciphering Cryptocurrency (access required)

Chip Rutan watched in recent weeks as the value of cryptocurrencies plummeted. To him, it was all part of the up and down cycles he has witnessed since he first bought cryptocurrencies about four years ago. “This is kind of the pattern that it always has been,” said Rutan, owner of Rutan Productions in New ...

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A short history of cryptocurrencies (access required)

Today, there are thousands of cryptocurrencies, but they can all trace their origins to one, Bitcoin, which was created in 2008. Here is a look at some of the basics about cryptocurrencies, largely based on information found at Schwab.com, an international financial services company, and Coinbase.com, an online cryptocurrency exchange and information platform. The beginning ...

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Mid Penn to acquire Riverview Financial (access required)

Mid Penn Bancorp Inc. of Millersburg has announced it will be acquiring Harrisburg’s Riverview Financial Corp. for approximately $124.7 million. The deal will be an all-stock transaction and the value is based on Mid Penn’s closing stock price of $27.47 on June 29.

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