Economy

ICBA announces ‘2015 community banking policy priorities’

The Independent Community Bankers of America (ICBA) on March 3 announced its top legislative and regulatory priorities for 2015. ICBA made the announcement in Orlando, Florida at its national convention, ICBA Community Banking LIVE, the largest community

ABA testifies on need for community bank regulatory relief

The growing volume of bank regulation is having a negative impact on hometown banks’ ability to meet the needs of their customers and communities, according to March 18 testimony from the American Bankers Association before the House Financial Services Co

Tobyhanna Army Depot encourages computer science majors

In a move to address employment requirements for a new workload heading to the depot, Tobyhanna leadership met March 11 with representatives from 11 local colleges and universities to discuss recruitment and curriculum development opportunities. The work

Five smart uses for your tax refund

Nearly eight out of 10 U.S. tax filers will receive a federal tax refund this year. As millions of Americans await reimbursement from Uncle Sam, First National Community Bank (FNCB) has highlighted five tips for making the most of a tax refund. “It may be

FAA issues proposed rule on drone use

The U.S. Federal Aviation Administration (FAA) Feb. 23 issued the long-anticipated proposal to address the commercial use of small unmanned aircraft systems (UAS), also referred to as drones. The proposal was introduced after the FAA previously failed to

ABA launches search tool for routing numbers; lookup tool allows consumer searches

The American Bankers Association today launched a new tool, which allows consumers to look up bank routing numbers. The database contains all of the routing numbers — also known as ABA numbers or routing transit numbers — for U.S. financial institutions.

First National Community Bancorp Inc. reports 110% increase in 2014 earnings

First National Community Bancorp Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank, on March 13 reported operating results for the year ended Dec. 31 of $13.4 million or $0.81 per basic and diluted share, an increase of

Financial Four: it’s time again for ‘financial bracketology’

Millions of Americans are scrambling this week to strategize and chart their tournament brackets. With the Financial Four, people also have a way to chart their financial goals. The National Endowment for Financial Education (NEFE) and the Financial Plann

Dimeco Inc. declares cash dividend payable April 23

The board of directors of Dimeco Inc. (DIMC) recently declared a dividend of $0.38 per share for the first quarter of 2015, which represents a dividend yield of 3.73 percent based on the closing stock price of $40.75 on March 12. The dividend is payable o

Retailers urge Congress to overturn ‘Ambush Election’ rule

The National Retail Federation on March 17 asked the U.S. House of Representatives to approve legislation that would overturn a National Labor Relations Board regulation allowing “ambush” union organizing elections, saying the rule infringes on employee a

ABA report: Farm banks well positioned for 2015

Farm banks significantly increased agricultural lending by 13.6 percent in 2014 and held $94.6 billion in farm loans at the end of the year, according to the American Bankers Association’s (ABA) annual Farm Bank Performance Report. Asset quality continued

National Penn Bancshares Inc. announces secondary offering

National Penn Bancshares Inc. (Nasdaq: NPBC) announced March 16 that funds affiliated with Warburg Pincus LLC intend to offer for sale 11,565,072 shares of National Penn’s common stock in an underwritten secondary offering pursuant to National Penn’s shel

Retailers: Former FTC officials call Gramm-Leach-Bliley data security regulations ‘poor fit’ for nonbank businesses

The National Retail Federation on March 16 called on the U.S. Senate to reject legislation that would impose data security rules designed for the banking industry on retailers and other nonbank businesses, citing a new white paper by two former Federal Tr

Wayne Bank celebrates National Ag Day March 18 with financial tips for farmers

Wayne Bank is celebrating National Ag Day on March 18 by providing financial tips to the next generation of America’s farmers and ranchers. Unlike established farmers, young and beginning farmers may need to learn the basics of creating business relations

HNB supports Devereux Pocono Center; funds support school-to-work transition program

The Honesdale National Bank was once again authorized to make approved contributions under the Commonwealth’s Educational Improvement Tax Credit (EITC) Program. HNB designated $2,500 of the approved allotment to be donated to the Devereux Pocono Center fo

FNCB donation restocks toy closet in Honesdale

First National Community Bank (FNCB) announced a $1,000 donation to Honesdale Communities That Care through the Pennsylvania Education Improvement Tax Credit (EITC) program. Honesdale Communities That Care is a program that focuses on providing a supervis

Retailers: Congress must resolve online sales tax disparity

The National Retail Federation issued the following statement on March 10 from Senior Vice President for Government Relations David French on introduction of the Marketplace Fairness Act by senators Mike Enzi, R-Wyoming and Dick Durbin, D-Illinois. “We we

Casey-proposed bill would extend retraining benefits for workers who lose their job to foreign trade

With critical retraining assistance for workers who lose their job due to foreign trade set to expire in September, U.S. Senator Bob Casey (D-Pennsylvania) and Senate colleagues on March 2 introduced a bill to extend and improve Trade Adjustment Assistanc

Latest Federal Reserve ‘stress test’ shows firms have substantially increased their capital since 2009

The largest U.S.-based bank holding companies continue to build their capital levels and to strengthen their ability to lend to households and businesses during a period marked by severe recession and financial market volatility, according to the results

ABA lists 7 ways to frustrate a fraudster during tax season

The weeks leading up to April 15 — tax deadline day — are often vulnerable ones for consumers, as W-2s and tax returns containing their personal information circulate over the internet and through the mail. According to a Javelin Strategy and Research stu

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