Two foundations are teaming up to invest $42 million over five years in financial institutions serving poor communities.

Belco Community Credit Union has new digs. The credit union completed a move from Harrisburg to its new operations center in Swatara Township June 25.

If there’s any company in Central Pennsylvania that does not need another headache, it’s Sterling Financial Corp.

Union National Community Bank agreed to make changes to its business in a pact with federal regulators.

Lancaster-based Eastern Insurance Holdings Inc.’s board of directors authorized a 5-cent-per-share quarterly cash dividend on its issued and outstanding shares of common stock.

Sterling Financial Corp. employees have responded to the company’s crisis by focusing on the work ahead of them, Chief Executive Officer and President J. Roger Moyer Jr. said.

For many workers, retirement planning starts with a simple step: signing up for their company-sponsored 401(k) plans.

Some never even get that far.

Former Graham Packaging Chief Executive Officer Phil Yates has become a senior adviser to a private-equity firm involved in the packaging industry.

There may be one experience in business that is worse than going bankrupt: having a big customer go bankrupt.

Most of the Internet-only banks that started in the 1990s, like WingspanBank and NetBank, are either gone or have run into trouble.

When it comes to establishing banks in grocery stores, geography is everything, said executives from the banking and grocery industries.

Q: What is the best management advice you’ve heard?

A: An important mentor in my business life was Mr. William Kapp, past president of our company, who recently passed away. Mr. Kapp once told me that trust — among your co-workers, clients, shareholders and regulators — was of the utmost importance in this industry. Bill often said, ‘Promise that which only you can deliver, and always deliver what you promise.’

Community Banks Inc. will lower its previously released first-quarter earnings by about 31 percent to $6.6 million, or 28 cents per share.

The Federal Reserve Board yesterday approved the $17.6 billion merger of Bank of New York Company Inc. and Pittsburgh-based Mellon Financial Corp.

Gov. Ed Rendell nominated Steven Kaplan, chief of staff for Pittsburgh-based Mellon Financial Corp.'s Mid-Atlantic region, to lead the state Department of Banking.