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Shareholders approve $66B BB&T-SunTrust merger; $1,500 bonuses for employees
North Carolina-based BB&T Corp. said its shareholders approved a merger of BB&T and Georgia-based SunTrust Banks Inc. valued at $66 billion and adopted Truist Financial Corp. as the new name of the combined company. Additionally, about 40,000 employees at both companies will each receive $1,500 bonuses.
Guest view: Cannabis contains seeds of economic growth
It’s evident the cannabis industry is growing, thriving and impacting the economy in ways we have only just begun to comprehend. Last month, the York County Economic Alliance hosted our Economics Club breakfast series on the economics of the cannabis industry, featuring two industry leaders, Green Thumb Industries and Groff North America.
With new online games, Pa. Lottery reports record fiscal year
With additions such as online games, the Pennsylvania Lottery is reporting a record year for sales and profits.
Networking luncheon at York Country Day to focus on tax credit programs
The York Country Day School will host a networking luncheon beginning at noon on Aug. 20. School representatives are partnering with Springettsbury Township-based accounting firm Stambaugh Ness to feature tax credit expert Thomas J. Moul, CPA, leading a presentation on two different programs offered to businesses through the Pennsylvania Department of Community and Economic Development.
Guest view: Business survival isn’t a matter of fate alone
If you own, operate, or manage a business, you most certainly have fire insurance to protect your business property and liability insurance to cover your business in the event of a lawsuit. But what about the period of time when your business is out of business due to a fire or other property loss? This is where business interruption insurance comes in.
Betting big: Despite slow start, experts say online sports betting in Pa. will be huge
With online sports betting just getting out of the gate in Pennsylvania, the numbers aren’t telling the story of its revenue potential quite yet, according to experts tracking the sector. And despite what may look like a slow start, people who have been studying online sports betting and watching Pennsylvania’s foray into the industry have high expectations.
Is it big time for Bitcoin? Deal with Sheetz seen as a step toward mainstream acceptance
As purveyors of Bitcoin seek out mainstream acceptance, the cryptocurrency – arguably the best-known in a diverse field – may have just gotten a boost in Pennsylvania.
A Conversation With: Stephen Gift
Stephen Gift, 63, founded Gift CPAs (formerly Gift and Associates) in 1984 and is today its managing member. The firm was named the 2019 large practice Accounting Firm of the Year by the Professional Association of Small Business Accountants. Gift CPAs has offices in five midstate locations, including Mechanicsburg and Harrisburg.
Univest hires first lender for Harrisburg area
Building on its growth in Lancaster and York counties, Univest Bank and Trust Co. has hired its first commercial lender for Cumberland and Dauphin counties.
Orrstown hires Maryland market president
After expanding its Maryland business through a merger this spring, Orrstown Financial Services Inc. has hired former BB&T executive Christopher D. Holt to head up its operations in the Old Line state.
West Chester borough, university spar over stormwater charge
A legal case over a stormwater levy enacted in 2016 by West Chester borough, one of dozens of municipalities around Pennsylvania that have added the fees over the last few years to cope with stormwater runoff and comply with environmental regulations, has pitted it against West Chester University.
Could games help people save more?
A state representative from East Stroudsburg, Rosemary M. Brown, has introduced House Bill 858, which would encourage savings accounts with some of the excitement of a lottery or raffle.
