Aug 2, 2019

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.

Aug 2, 2019

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.

Aug 1, 2019

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.

Jul 30, 2019

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.

Jul 26, 2019

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.

Jul 24, 2019

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.

An example of the type of Bitcoin ATM kiosks that will be installed in six Sheetz store in Central and Western Pennsylvania and North Carolina. (Photo: Submitted)
Jul 19, 2019

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.

Jul 19, 2019

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 Bank and Trust Co. recently hired Justin Conner as a commercial lender and vice president and market leader for Cumberland and Dauphin counties. (Photo: Submitted)
Jul 17, 2019

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.

Christopher D. Holt is Orrstown Financial Services' new market president for Maryland. (Photo: Submitted)
Jul 16, 2019

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.

Jul 16, 2019

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.

Jul 15, 2019

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.