Jill E. Gilbert, an Elizabethtown CPA and partner with the Lancaster-based consulting firm RKL LLP, was elected president of the Pennsylvania Institute of Certified Public Accountants (PICPA) for the 2020-21 fiscal year at the institute’s June 12 annual meeting.
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Finance
Customers Bank counting on Bowman for front-end, back-end experience in new leadership role
Customers Bank Chief Credit Officer Andrew Bowman has been promoted to the roles of senior executive vice president and member of the office of the chair, positions that will see him help make crucial decisions for the Wyomissing-based community bank’s strategic future.
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State program offers $200M in one-time grants to small businesses
State officials provided more guidelines for the $225 million small businesses grant program announced earlier this week, which officials say will start accepting applications by the end of June.
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Members 1st opens 56th branch in Swatara Township today
The 770 Eisenhower Boulevard location has resources available on a by-appointment-only basis while social distancing guidelines are in order, officials from the credit union said Monday.
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Harrisburg Chamber board chair recruited for York Traditions Bank’s new ‘strategic revenue officer’ role
Executives at the York-based community bank say they’re counting on Sposito’s “vast experience” to create opportunities to expand existing and future financial relationships as the bank prepares to make headway into the Lancaster County market by 2021.
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M1st breaks ground at new headquarters this month
Members 1st Federal Credit Union plans to break ground on its new Hampden Marketplace headquarters next week, closing in on plans announced last year to consolidate the financial nonprofit’s administrative offices.
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Landmark changes to PPP headed for Trump’s desk this week
The changes arrive as many employers near the end of their eight-week coverage period during which they are required use their disbursements to bring back their full-time employee counts to pre-pandemic levels to qualify for SBA forgiveness. The new bill would triple that covered period to 24 weeks.
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Summit Technology Group uses pandemic to educate clients about cloud-based technology
“Our primary focus from the beginning of this pandemic was being an engineering resource for organizations needing to adopt virtual and cloud technologies to enable safe and secure remote work capabilities,”
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Ephrata National Bank executive Harting to retire in December
Barry W. Harting, a top executive at Ephrata National Bank, this week confirmed plans to retire at the end of this year, closing a career of more than 45 years in the Lancaster County banking sector.
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DCED tech grants go to four midstate companies
Four companies in central Pennsylvania were among 43 in the state to receive grants in through Gov. Tom Wolf’s $2.8 million Manufacturing PA Initiative, it was announced last week.
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Lancaster’s Rapho Township experiences a growth spurt
The population in Rapho Township increased by nearly 18 percent, making it Lancaster County’s fastest-growing municipality, according to updated population data released by the U.S. Census Bureau.
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House bill would extend PPP rehiring safe harbor, increase overhead expense flexibility
House lawmakers passed a bill late last week that would loosen restrictions on businesses using Paycheck Protection Program funds to retain and rehire workers, as federal policymakers work to revise the PPP to help companies recover in the aftermath of mandated closures.
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Orrstown Financial Services adds Shady Maple exec to board
Shippensburg-based Orrstown Financial Services Inc. named Linford Weaver to its board of directors for the company and its principal subsidiary, Orrstown Bank, effective June 1.
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$6.8B of PPP funds reserved for Community Development Financial Institutions
More than $6 billion of remaining Paycheck Protection Program funds will be reserved for Community Development Financial Institutions to lend to a broader demographic of small business owners, federal officials announced on Thursday.
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Lebanon City Council makes changes to grant to help small businesses in city
Lebanon City Mayor Sherry Capello said it plans to partner with the Community First Fund of Lancaster, a non-profit corporation, in making loans available to the small businesses in the city.
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