It has been described by some as the “Bank of Mom and Pop,” the “Family Bank” by others. It’s an intra-family loan, and like the 1966 Clint Eastwood Western, it can be a case of The Good, the Bad, and the Ugly. “It’s a strategy we’ve used for our clients,” said Joseph Marmorato, CPA, and Manager of Tax Planning for Domani Wealth, which has offices in Lancaster, Hanover, York, and Wyomissing.
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CampusDoor collaboration focuses on Gen Z borrowers
York-based CampusDoor, one of the nation’s largest third-party, private student loan origination platforms, is joining forces with Sparrow to expand banks’ and credit unions’ competitive advantage in capturing and retaining Generation Z borrowers.
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Lebanon Federal Credit Union appoints new president/CEO
Lebanon Federal Credit Union’s board of directors has selected Daniel Wolford as the next president/CEO, effective June 1.
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Armstrong Flooring awaits approval for auction, receives financing to continue operations
After filing for Chapter 11 bankruptcy earlier this month, Lancaster-based Armstrong Flooring is looking to auction its assets in a competitive bidding period next month.
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Belco Community, Wilmac Employees’ credit unions to merge
Two regional credit unions will be joining forces, with the merger expected to be finalized by April 30.
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LINKBANCORP acquires Dauphin County bank chain
Camp Hill-based LINKBANCORP, the parent company of LINKBANK, has completed a merger with Gratz, Dauphin County-based GNB Financial Services.
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PPP round 2 is easier, more targeted, applicants say
“The first round was helpful but it created a lot of uncertainty and anxiety,” Josh Kesler, restaurant owner said. “In the second round, the process was much clearer because everyone including the SBA, financial institutions and borrowers had all been through it before.”
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