Economy

Monroe County to get first new hospital in 100 years St. Luke’s Monroe Campus being developed on 41-acres on Route 611 in Bartonsville

By Kathy Ruff “The only thing constant in life is change.” Francois de La Rochefoucauld People have seen major changes in the world in every area over the past century — transportation, manufacturing and technology, to name a few. People changed how they

Telling the world about Pennsylvania plastics and energy

Much of the world will learn about Pennsylvania’s growing plastics and energy industries over the coming months as the result of a special “familiarization” tour, recently coordinated through CORE PA Global. Over three days, journalists from international

Don’t let unexpected costs ruin your retirement

Determining how much you’ll need in retirement for housing, food, and other fixed expenses may seem relatively easy, but what about the costs that come out of the blue? An Ameriprise study found that 90 percent of Americans surveyed had faced at least one

Technology, data vital to precise supply chain management, but old-fashioned collaboration is its most important tool

By Dave Gardner In the age of high technology, problems in supply chains can still be managed by old-fashioned collaboration. Steve Brady, Ph.D., CEO of Supply Chain Innovations Today, defines modern supply chains as “management of all business activities

Seven financial tips for military families

As we honor our fallen military heroes this Memorial Day, the public is reminded of the many sacrifices service-members and their families make to protect our nation. Wayne Bank has highlighted seven financial tips to help make the lives of military famil

In a new industry high, credit unions captured 9.2% of U.S. first mortgage activity in first quarter 2015

According to Callahan & Associates, a research firm focused on credit unions, credit union loan originations were 20.8 percent higher in 2015 than in the first quarter 2104. Consumer loans for autos and credit cards accounted for 60 percent of the tot

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BANKING & FINANCE DIME BANK The Dime Bank board of directors along with Gary C. Beilman, president and chief executive officer, announced the addition of Thomas G. Regenski as an investment advisor representative in the Wealth Management Department. Regen

Pennsylvania hospitals’ economic contributions jump 6% to $111 billion

The Hospital & Healthsystem Association of Pennsylvania (HAP) released its newest figures reflecting Pennsylvania hospitals’ high fiscal impact on the state. All hospitals — nonprofit and investor-owned combined — contributed more than $111 billion to

Pennsylvania Treasury exceeds state budget revenue projections

Setting a new department record, Pennsylvania Treasury said it has collected more than $625 million in unclaimed property so far this fiscal year, significantly exceeding original revenue estimates. Treasury’s Bureau of Unclaimed Property anticipates rece

NEPA Alliance reminds area businesses of its financial programs

NEPA Alliance has several federal and state loan programs available for small businesses in Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne counties. Small businesses can receive subordinate financing, 50 percent funding or $200,000 whiche

Local high school enhancing curriculum with NBT Bank

More than 100 freshman at Dunmore High School are enhancing their regular studies this year and gaining a better understanding of their financial futures with a program on financial literacy.NBT Bank of Dunmore branch manager, Lori Mitchell and assistant

National Penn Bancshares Inc. reports first quarter 2015 results

Highlights: ■ First quarter 2015 net income per share increases 19 percent to $0.19, compared to $0.16 in the prior year first quarter ■ Return on average assets remains strong at 1.14 percent ■ Net interest margin of 3.36 percent, compared to 3.33 percen

Retailers: Overtime rules likely to bring unintended consequences

The Obama Administration’s plan to revise federal overtime regulations would likely “hollow out” low- and mid-level management positions in the restaurant and retail industries and result in a shift toward more hourly and part-time workers, a new National

‘Internet of Things’ drives mergers and acquisitions

Mergers and acquisitions (M&A ) related to the Internet of Things (IoT) continue to shatter records. Buyers so far this year have spent $14.8 billion to purchase 39 IoT-related companies, surpassing the $14.3 billion spent for 62 such companies in all of

Mauch Chunk Trust Financial Corporation releases earnings

The board of directors of Mauch Chunk Trust Financial Corporation released earnings results for the corporation for the quarter ended March 31. Net income for the three months ended March 31 was $751 thousand, $221 thousand less than the same period in 20

Provisions of Senate Bill 1: Pension reform

Excerpts from the memorandum on pension reform plan issued May 6 from state senators Jake Corman (R-Centre), Patrick Browne (R-Lehigh), Joseph Scarnati (R-Cameron), John Gordner (R-Columbia), John Eichelberger (R-Cumberland) To: All Senate members . . . S

Commonwealth Foundation on Senate pension reform: Sustainable for taxpayers, fair to public employees

Gov. Wolf cannot ignore Pennsylvania’s pension crisis any longer. Today, the state Senate passed legislation to convert a broken retirement system into one that is sustainable for taxpayers and fair to public employees. The pension bill heads to the House

Pennsylvania State Corrections Officers Association critical of Senate pension reform

Pennsylvania State Corrections Officers Association (PSCOA) President Roy Pinto issued the following statement on the passage of Senate Bill 1: “We’re disappointed with today’s passage of Senate Bill 1. Corrections officers work one of the most dangerous

Pennsylvania State Troopers Association issues statement on passage of Senate Bill 1: Rank and file troopers ‘disappointed’

Pennsylvania State Troopers Association (PSTA) President Joseph Kovel issued the following statement on the passage of Senate Bill 1 by Republicans in the Senate: “On behalf of rank-and-file troopers across Pennsylvania, the PSTA is disappointed with the

State Senator Lisa Baker’s statement on pension reform bill vote: The status quo is unsustainable

Sen. Lisa Baker (R-Pike), issued the following statement regarding Senate Bill 1, the Pension Reform Bill, which passed the Senate 28-19 on May 13 and was sent on to the House. Baker was one of the 28 yes votes: “It is certainly understandable why the mem

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