Economy

Wells Fargo donates to Leadership Lackawanna

Representatives from Wells Fargo Bank recently presented a check for $1,900 to Leadership Lackawanna, an affiliate of the Greater Scranton Chamber of Commerce, to support its various programming efforts. “To keep our organization moving forward, we need f

F.N.B. Corporation receives final regulatory approval for acquisition from Bank of America of five branches in Pennsylvania

F.N.B. Corporation (NYSE: FNB) on July 31 announced that the Office of the Comptroller of the Currency has approved the purchase and assumption application by F.N.B.’s largest affiliate, First National Bank of Pennsylvania, to acquire five branch offices

National Penn Bancshares Inc. declares third quarter 2015 cash dividend

National Penn Bancshares Inc. (Nasdaq: NPBC) announced it has declared a third quarter cash dividend of eleven cents ($0.11) per common share payable to shareholders of record as of Monday, Aug. 3. The cash dividend will be paid Monday, Aug. 17.

A. Duie Pyle opens new Pittston service center

A. Duie Pyle, which provides asset and non-asset based transportation and supply chain solutions, announced the opening of its newest transportation service center in Pittston. The 24,600 square-foot state-of-the-art facility supports the company’s less-t

Understanding loan commitments is essential for students

By Gail Powers Today, a college student can be a traditional recent high school graduate, an adult learner, or a retiree. Their circumstances make them all unique, but they will likely have at least one thing in common: educational debt. Let’s face it, mo

Mauch Chunk Trust Financial Corporation releases earnings results

The board of directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the period ended June 30. Net income for the six months ended June 30 was $1.4 million, $344 thousand less than the first half of 2014

EOTC is latest FNCB ‘Jeans for a Cause’ Recipient

First National Community Bank (FNCB) recently presented representatives from the Employment Opportunity & Training Center (EOTC) with a $752.00 donation resulting from a bank wide “Jeans for a Cause” dress down day in July. EOTC provides parent-child

Top money lessons for high school grads

A financial literacy test given annually by the National Financial Educator’s Council shows that there are still money management lessons to be learned. The NFEC’s 2015 financial literacy survey showed that only 60 percent of test-takers passed the test,

F.N.B. Corporation declares cash dividend on Non-Cumulative Perpetual Preferred Stock, Series E

F.N.B. Corporation (NYSE: FNB) today announced that its board of directors declared a quarterly cash dividend of $18.13 per share (equivalent to $0.45325 per depositary share or 1/40th interest per share) on F.N.B. Corporation’s Non-Cumulative Perpetual P

Business or hobby? Why the difference matters

Are you always asked to take pictures at family events because of your passion for photography? Or do you earn a steady income collecting and selling stamps or baseball memorabilia? Were you aware that there are tax implications when you earn money from a

Miller Scholarship awarded at Honesdale National Bank

Savona Commandery No. 89 and the Honesdale National Bank, as trustees of the Albert O. Miller, Dorothy Tozer Miller, and Savona Commandery No. 89 scholarship fund announced the awarding of two scholarships in 2015. One of the scholarships was awarded to A

Imports increasing as retailers prepare for back-to-school

Import cargo volume at the nation’s major retail container ports is expected to increase 7.3 percent this month over the same time last year as retailers stock up for the busy back-to-school season, according to the monthly Global Port Tracker report rele

Northeastern Pennsylvania Metropolitan Planning Organization seeks public input for a long-range transportation plan

The Northeastern Pennsylvania Alliance, as the designated Metropolitan Planning Organization (MPO) for a four-county region in Pennsylvania, which includes Carbon, Monroe, Pike and Schuylkill counties has initiated the development of a Long Range Transpor

Scranton, Wilkes-Barre, Hazleton unemployment rate at 6.4% in May

The Scranton-Wilkes-Barre-Hazleton Metropolitan Statistical Area’s (MSA) seasonally adjusted unemployment rate declined by one-tenth of a percentage point to 6.4 percent in May. The MSA’s rate tied with that of the Williamsport MSA for the 15th lowest amo

FNCB dresses down for Volunteers in Medicine

First National Community Bank (FNCB) recently presented representatives from Volunteers in Medicine with a $710 donation resulting from a bank wide Jeans for a Cause dress down day in June. The fund-raising effort encourages employees to make a small dona

First Keystone holds annual meeting, announces promotions and re-elections

First Keystone Corporation, the parent company of First Keystone Community Bank, recently held its 2015 annual meeting of shareholders at the Berwick Public Library. The theme of this year’s presentation was “Tomorrow’s Vision,” a reference to the second

FNCB branches serving as official ‘Christmas in July’ drop off points

First National Community Bank ’s 19 community offices will once again be serving as official drop-off locations for a “Christmas in July” promotion to benefit food pantries and soup kitchens in northeastern Pennsylvania. Throughout the month of July, in p

Consumer delinquencies fall slightly in first quarter; lower home-related delinquencies lead decline

Delinquencies in closed-end loans and bank cards fell in the first quarter, highlighted by a significant drop in home equity loan and home equity line delinquencies, according to results from the American Bankers Association’s Consumer Credit Delinquency

Pennsylvania Turnpike Commission approves 2016 toll increase; Tolls set to increase by 6% on Jan. 3

The Pennsylvania Turnpike Commission (PTC) on July 7 approved a six percent toll increase for both E-ZPass and cash customers. The toll increase will take effect at 12:01 a.m. on Jan. 3. While the increase affects cash and E-ZPass rates similarly, E-ZPass

BB&T receives approval for Susquehanna Bancshares acquisition

BB&T Corporation (NYSE: BBT) on July 7 announced it has received regulatory approval from the Federal Reserve, the FDIC and all required state regulators to acquire Susquehanna Bancshares Inc. (NASDAQ: SUSQ). The transaction closing is expected to be

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