Sterling Financial Corp.s $80 million loan from M&T Trust Co. got a favorable reaction today from investors. Stock analysts said the credit would help, but continued to predict a sale of Sterling.
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Finance
PSECU, Commerce reach out to furloughed workers
Local financial institutions are reaching out to furloughed state workers.
Read More »PNC declares dividend
The PNC Financial Services Group Inc. declared a quarterly cash dividend of 63 cents per share on its common stock.
Read More »M&T: Sterling suitor?
M&T Banks decision to grant troubled Sterling Financial Corp. a big loan is boosting speculation that M&Ts parent company could acquire Sterling.
Read More »In brief: Community cash
Two foundations are teaming up to invest $42 million over five years in financial institutions serving poor communities.
Read More »In brief: Belco moves to Swatara
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.
Read More »Sterling fights phishers; new Sovereign Bank executive takes helm
If theres any company in Central Pennsylvania that does not need another headache, its Sterling Financial Corp.
Read More »Union National signs pact with regulator
Union National Community Bank agreed to make changes to its business in a pact with federal regulators.
Read More »Eastern Insurance declares dividend
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.
Read More »Sterling Financial CEO: Our firm remains focused
Sterling Financial Corp. employees have responded to the companys crisis by focusing on the work ahead of them, Chief Executive Officer and President J. Roger Moyer Jr. said.
Read More »Workers nudged toward 401(k)s
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.
Read More »In brief: Yates joins Bear Stearns
Former Graham Packaging Chief Executive Officer Phil Yates has become a senior adviser to a private-equity firm involved in the packaging industry.
Read More »Your big client goes bankrupt. Now what?
There may be one experience in business that is worse than going bankrupt: having a big customer go bankrupt.
Read More »Internet-only banks success will take time, experts forecast
Most of the Internet-only banks that started in the 1990s, like WingspanBank and NetBank, are either gone or have run into trouble.
Read More »Geography matters for banks in stores
When it comes to establishing banks in grocery stores, geography is everything, said executives from the banking and grocery industries.
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