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Finance

Mid Penn Bank names Dickinson as chief retail officer (access required)

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 (access required)

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 (access required)

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 (access required)

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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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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