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PPP’s extension gave borrowers needed time to apply, funds expected to dry up before end date
An extension to the Paycheck Protection Program (PPP) from March to May allowed more time for small firms and businesses looking to draw from the program for a second time to benefit from it. But without additional funds, the program is expected to dry up soon.
Univest Financial opens first Cumberland County office
Univest Financial’s first Cumberland County regional office opened this month at 4601 Carlisle Pike in Mechanicsburg.
Mid Penn Bank promotes Heather Hall to executive vice president
Mid Penn Bank’s newest executive vice president will oversee the Millersburg-based bank’s loan and deposit activities throughout the capital and Lancaster County regions.
Truist economic growth fund allocates $850,000 to midstate colleges
Seven area colleges are slated to receive $850,000 in grants through the BB&T - now Truist Economic Growth Fund - at the Lancaster County Community Foundation.
ENB, ACNB declare 2nd-quarter cash dividends
Midstate financial holding companies ENB Financial Corp. and ACNB Corp. declared second-quarter cash dividends this week.
Truist hires new central Pa. business banking lead
Truist Bank’s newest business banking leader for central Pennsylvania brings with him over a decade of experience with Citizens Bank and Bank of America.
In Dauphin County, an under-used program could help landlords and tenants avoid eviction
A mediation program that helps landlords and tenants work through eviction notices—so both sides benefit—has been launched in Dauphin County, with funding coming from pro-bono work by the county bar association, as well as grants and federal pandemic-relief measures.
Stonebridge Financial looks to grow client base with new Lancaster office
Stonebridge Financial Group in Wormleysburg, Cumberland County, was about to sign the lease to its new Lancaster location when the pandemic struck and leadership agreed to delay opening a new brick-and-mortar storefront.
Consumer sentiment in Lancaster rose 10 points in March, signaling a return to optimism
National researchers found a rebound in customer attitudes and outlook shared among all socio-ecomic groups and regions, and the Economic Development of Lancaster County’s Center’s for Regional Analysis found matching data.
The truth behind popular misconceptions about the PPP
The federal Paycheck Protection Program (PPP) application deadline has been extended to May 31, offering small businesses another opportunity to secure critical funds to curb the economic ripple effects of the pandemic.
York Traditions Bank becoming Traditions Bank under brand change
York Traditions Bank of York will now be known simply as Traditions Bank.
Samvir Sidhu to take over as president and CEO of Customers Bank in July
Samvir Sidhu has been tapped to replace Richard Ehst as president and CEO of Customers Bank, a subsidiary of Customers Bancorp Inc. of Reading.
