Economy

ABA releases statement on FDIC’s fourth-quarter bank earnings report

James Chessen, ABA chief economist released the following statement following the FDIC’s fourth-quarter bank earnings report: “It was a strong year for America’s banking industry with significant increases in lending to both businesses and individuals. Co

Fraud expert offers 5 tips for avoiding tax-related identity theft

Your Social Security number could be the ticket for a fraudster seeking to claim a false tax refund or worse, according to the Internal Revenue Service (IRS). A fraud expert offers some tips for preventing such crime — or at least catching it early. Bruce

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BANKING& FINANCE BANK OF AMERICA Bank of America announced that Baron Holland has been appointed small business banker manager for Philadelphia, South Jersey and Delaware. Holland will lead a team of bankers who will provide more personalized attention to

The Honesdale National Bank continues support of economic education

The Honesdale National Bank (HNB) renewed its commitment to supporting economic education throughout the region by once again earmarking a portion of their Educational Improvement Tax Credit (EITC) funds for Economics Pennsylvania. Through this affiliatio

FNCB presents grant to Greater Scranton YMCA; Donation provides financial assistance to summer learning program

First National Community Bank (FNCB announced a $950 donation to the Greater Scranton YMCA through the PA Education Improvement Tax Credit (EITC) program. The donation will help the YMCA fund the Y’s summer learning program. “The Greater Scranton YMCA’s s

Greater Hazleton Job Fair sponsors and participating businesses announced; job fair is March 26

Officials coordinating the 2015 Greater Hazleton Job Fair have announced that the event, scheduled for Thursday, March 26, has 45 businesses participating to date. The businesses and institutions will be on hand to provide educational, career and employme

NEPA, DCED present Appalachian Regional Commission grant to Misericordia

The Northeastern Pennsylvania Alliance (NEPA) and Pennsylvania Department of Community & Economic Development (DCED) presented Misericordia University with a $50,000 Appalachian Regional Commission (ARC) grant. This project was recommended for ARC funding

Valor Credit Union raises nearly $2,100 for Make-A-Wish; Credit union raised funds in 2014 for the local chapter of the national charity foundation

Valor Credit Union recently donated $2,087.50 to Make-A-Wish Greater Pennsylvania and West Virginia during a formal check presentation. The funds were collected from a number of initiatives the credit union organized in 2014 such as: a credit union and Ma

WVIA recognizes The Dime Bank for its donation through the EITC Program

WVIA Public Media is pleased to announce that The Dime Bank has donated $2,500 through the Pennsylvania Educational Improvement Tax Credit Program to support WVIA’s Educational Services. WVIA provides educational television programming to its member schoo

PPL supports The Scranton Plan initiatives, donates to fund-raising campaign and Winter Fest

PPL Electric Utilities presented two checks to The Scranton Plan, the industrial development marketing affiliate of The Greater Scranton Chamber of Commerce. The first was a $5,000 check in support of The Scranton Plan’s upcoming Winter Festival event whi

Do not overlook these 5 tax deductions

Did you run up expenses searching for a new job in 2014? Or did you use your car while helping out at a soup kitchen? Are you a self-employed person who paid Medicare premiums out of your own pocket? If so, you may be eligible for one of the many tax dedu

5 financial mistakes to avoid this year

Are you satisfied with the financial decisions you made in 2014? If you’re not so sure, this is a good time to resolve issues or make some changes for 2015. The Pennsylvania Institute of Certified Public Accountants offers these tips on the best ways to a

Penns Woods Bancorp Inc. reports fourth quarter 2014 operating earnings

Penns Woods Bancorp Inc. said it continued its “solid earnings and growth” achieving net income of $14,608,000 for the 12 months ended Dec. 31 resulting in basic and dilutive earnings per share of $3.03. Highlights ■ Year-over-year comparisons are impacte

National Penn Bancshares Inc. announces $125 million share repurchase plan and reports fourth quarter and full year 2014 results

■ Approved $125 million common share repurchase plan ■ Completed TF Financial Corporation acquisition and systems conversions ■ Adjusted net income of $0.18 per share, exclusive of TF Financial Corporation acquisition costs ■ Organic loan growth at an ann

Mauch Chunk Trust Financial Corporation releases earnings results

The board of directors of Mauch Chunk Trust Financial Corporation has released the earnings results for the corporation for the year ended Dec. 31. Net income for the year ended Dec. 31 was $3.1 million a decrease of $264,000 compared to 2013 net income o

Small Businesses indicate solid optimism for 2015 according to Insperity survey

■ 50% plan to add new employees, up from 31% in October ■ 61% expect sales increase in 2015, up from 49% previously ■ Overtime pay increases to 11.8% of base pay indicating a need for more employees Small business owners began 2015 with the strongest opti

ICBA provides tips for consumers to protect themselves against cyber crimes

The Independent Community Bankers of America (ICBA) and the nation’s more than 6,500 community banks want consumers to be aware of ways to protect themselves and their personal financial information against identity theft and cyber security-related crimes

First National Bank introduces ‘Premierstyle Checking;’ new interest-bearing account adds benefits

First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced on Feb. 3 the launch of Premierstyle, a new interest-bearing checking product designed to reward customers for their relationships with the bank. Premierstyle provide

Fidelity D & D Bancorp Inc. reports 2014 financial results and record core net income of $6.3 million

Fidelity D & D Bancorp Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announces net income for the year ended Dec. 31 of $6.4 million, or $2.62 diluted earnings per share, compared to net income for the year end

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