Economy

Fidelity D & D Bancorp Inc. announces third-quarter dividend

The board of directors of Fidelity D & D Bancorp Inc. (OTC: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced a declaration of the company’s third-quarter dividend of $0.27 per share. The dividend is payable Sept. 10 to shareholde

Lemnitzer Memorial Fund supports 2015 graduate

The Ernest and Margaret Lemnitzer Memorial Fund, administered by the Trust Department at The Honesdale National Bank and local Honesdale businessman, Paul Meagher, continued its support of continuing education with a scholarship to a 2015 graduate with a

Area unemployment rate at 6.1% in June

The Scranton-Wilkes-Barre-Hazleton Metropolitan Statistical Area’s (MSA) seasonally adjusted unemployment rate declined by two-tenths of a percentage point to 6.1 percent in June. The state rate was unchanged at 5.4 percent, while the U.S. rate decreased

FNCB donates scoreboard to Abington Little League

First National Community Bank (FNCB) and representatives from Abington Little League recently held a ribbon-cutting ceremony for a new scoreboard donated by FNCB at the Ackerly Complex, Clarks Summit. “One of our primary missions is community support, esp

Fidelity Deposit and Discount Bank reports second quarter 2015 financial results

Fidelity D & D Bancorp Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended June 30 of $1.8 million, a $0.2 million, or 9 percent, increase compared to the same 2014 quarter.

Dimeco Inc. announces earnings at June 30

Dimeco Inc. (OTC Pink: DIMC), parent company of The Dime Bank, reported net income of $2.4 million for the first six months of 2015. This resulted in a return on average assets of .78 percent, a return on average shareholders’ equity of 7.04 percent, and

Retailers disappointed by court ruling on ‘ambush’ union elections

The National Retail Federation on July 30 issued the following statement from Senior Vice President of Government Relations David French on a federal judge’s ruling in favor of National Labor Relations Board regulations that allow union organizing electio

Senators urge agencies to withdraw proposed ‘blacklisting’ rules for federal contractors

Source: Associated Builders and Contractors U.S. Senate committee leaders Aug. 6 urged the Obama administration to pull its “incomplete” guidance proposal to implement the Obama administration’s “blacklisting” Executive Order 13673 and suspend

ABA survey: More consumers turning to mobile banking

Online banking is still America’s most popular banking method, but mobile banking continues to grow, according to a recent survey by the American Bankers Association. Mobile banking is now preferred by 12 percent of consumers — up from 3 percent just five

ABA survey: 46.3% say banks cut offerings for loan accounts, deposit accounts or other services because of ‘regulatory effects’

Growing regulatory compliance burdens have led nearly half of all banks to reduce their offerings of financial products and services, according to the American Bankers Association’s 2015 Survey of Bank Compliance Officers. A combined 46.3 percent of

Fidelity D & D Bancorp Inc. announces third quarter 2015 dividend

The board of directors of Fidelity D & D Bancorp Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce its declaration of the company’s third-quarter dividend of $0.27 per share. The dividend is payable Sept.

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

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Please see PERSONNEL on next page BANKING & FINANCE DIME BANK Each year the Dime Bank holds a dinner event to recognize staff celebrating a five-year incremental anniversary of employment with the bank. During the month of their anniversary those celebrat

DCED announces interest rates for PIDA business loan program through Sept. 30

The Pennsylvania Department of Community and Economic Development (DCED) announced its interest rates for PIDA business loan program through Sept. 30. For real estate loans financing eligible land and building costs, borrowers will have the following two

Exporting among U.S. middle market firms grows with size and maturity, according to new analysis from American Express and Dun & Bradstreet

U.S. companies significantly increase their engagement in exporting as firm revenue grows and businesses mature, according to the Middle Market Power Index: Taking the Global Stage from American Express (NYSE: AXP) and Dun & Bradstreet (NYSE: DNB). Th

PEGCC releases annual state, Congressional district rankings for private equity investment

Steve Judge, president, PEGCC: “With investments in more than 3,100 U.S.-based businesses last year, private equity is helping companies strengthen operations, create jobs, and grow our economy.” Private equity firms invested more than $486 billion in U.S

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 a top destination for Indian foreign direct investment

Every year, the Confederation of Indian Industry (CII) undertakes a survey of Indian companies operating in the United States to discern their growing presence. Previous studies over the last three years revealed aggregate data of Indian companies’ operat

National trade groups sound sour note, yet local retailers optimistic about back-to-school spending

By Phil Yacuboski Although it seems like summer’s just started — get ready, it’s time for back-to-school. Although retail industry groups have issued lackluster forecasts, local retailers sound a more optimistic note. The National Retail Federation estima

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