S&T Bancorp Inc. is asking the U.S. bankruptcy court for permission to repossess seven commercial vehicles the bank said it helped finance for the now-bankrupt Worley & Obetz.
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Finance
What drives millennial buying decisions?
Millennials have become the largest generation in the U.S. labor force, according to a Pew Research Center analysis of U.S. Census Bureau data.
Read More »F&M Trust parent reports loss for Q2, cites Worley & Obetz
Franklin Financial Services Corp., the parent of F&M Trust Co. lost millions of dollars in the second quarter due to an alleged fraud involving one of its borrowers, Worley & Obetz Inc.
Read More »Lancaster investment firm acquires Kentucky software maker
Private equity firm PennSpring Capital LLC, has acquired Professional Systems Software & Technology LLC, a software company based in Louisville, Kentucky.
Read More »Mid Penn, First Priority face class-action suit
Members of Mid Penn Bancorp, Inc. and First Priority Financial Corp.'s boards of directors are facing a class-action lawsuit over a proposed merger between the two banks.
Read More »Worley bankruptcy trustee seeks court approval to hire former company’s CFO
The former CFO of Worley & Obetz Inc. may soon be helping a bankruptcy trustee unwind the affairs of his old employer, which sank into bankruptcy last month.
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A Conversation With: Jeramy Culler
Jeramy Culler, 36, joined F&M Trust in 2006 and was promoted to assistant vice president in February.
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Midstate banking veteran Andrew Samuel to launch new bank in region
Andrew Samuel worked in Harrisburg and Lancaster for over 30 years before he moved to Florida in 2014 to head up a bank there.
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Pa. revises tax deduction for bonus depreciation
With a push from lawmakers, state officials are making tax calculations a little less complicated for Pennsylvania businesses.
Read More »Fulton complaint alleges fraud by former Worley & Obetz CEO
In a complaint filed Tuesday, Fulton Bank is raising new allegations about the fraud that leveled energy company Worley & Obetz Inc.
Read More »PSECU promotes chief technology officer
Pennsylvania State Employees Credit Union, also known as PSECU, said Monday it has promoted its chief technology officer, Clifton Van Scyoc, to the assistant vice president level.
Read More »So you wanna buy a house: 10 mortgage myths debunked
There are a lot of myths around the homebuying experience. As a loan officer, I hear some of them every week when talking to friends and prospective borrowers. I hear them even more often when I am talking to recent college grads and first-time homebuyers. When potential buyers put the loan process on hold after hearing intimidating and possibly incorrect information, they pay the price for putting it off. Here are some common myths about the mortgage process debunked:
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Startup Linkbank seeks to acquire Stonebridge
Linkbank, a new community bank planning a summer launch in Central Pennsylvania, is asking federal and state regulators for permission to acquire Stonebridge Bank in West Chester.
Read More »Riverview COO steps down
Michael Bibak, COO of Riverview Financial Corp., the holding company for Riverview Bank, ended his tenure with the company last week.
Read More »Members 1st to open new branches, expand insurance services
Members 1st Federal Credit Union is opening two new branches later this month and beefing up its insurance services.
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