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Author Archives: admin

PMMC names new CFO

<img src="http://www.epbj.com/system/files/Micheal Zwetschkenbaum CFO_200x267.shkl_.jpg"rnMichael Zwetschkenbaum rnrnPOTTSTOWN, PENNSYLVANIA. (January 10, 2008) – Pottstown Memorial Medical Center recently welcomed Michael Zwetschkenbaum as Chief Financial Officer. Michael replaces Jim Wilson who became CEO at Central Montgomery Hospital, Lansdale in the Fall of 2007.r

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Sovereign reports $1.6 billion loss

Sovereign Bancorp, Inc. ("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today reported results for the fourth quarter and full year of 2007. As previously announced continued volatility in the financial markets and deterioration in the credit environment had an adverse impact on the fourth quarter of 2007 financial results. For the fourth quarter of 2007, Sovereign reported a net loss of $1.6 billion or $(3.34) per share, primarily driven by goodwill impairments. This...

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Heller named BEP chairman

<img src="http://www.epbj.com/system/files/Merv Heller_200x250.shkl_.jpg"rnMervin HellerrnrnReading, PA, January 23, 2008 – Mervin Heller was appointed Chairman of Berks Economic Partnership (BEP), Berks County’s lead marketing agency for business attraction and retention, during the January 23 Board of Directors and Membership Investor meeting. He will serve a two-year term.r

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PPL proposes green power program

PPL Electric Utilities filed a proposal Wednesday (1/23) with the Pennsylvania Public Utility Commission that would give residential and small business customers the opportunity to support the continued development of clean, renewable sources of electricity.rnThe company has asked the PUC to approve a new PPL Electric Green Power program offered in partnership with Community Energy Inc., a leading marketer and developer of renewable energy. r

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Air Products income increases

LEHIGH VALLEY, Pa. (January 23, 2008) – Air Products (NYSE:APD) today reported net income of $264 million, or diluted earnings per share (EPS) of $1.19, for its fiscal first quarter ended December 31, 2007. Net income increased 15 percent, and diluted EPS increased 16 percent compared with the prior year.r

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Fulton Financial reports decrease

LANCASTER, PA--(Marketwire - January 22, 2008) - Fulton Financial Corporation (NASDAQ: FULT) earned $38.2 million for the fourth quarter of 2007, an 18.1 percent decrease from the same period in 2006. Diluted net income per share for the fourth quarter of 2007 decreased to 22 cents per share, an 18.5 percent decrease from the 27 cents reported during the same period in 2006. Diluted net income per share for the quarter increased 15.8 percent from the 19 cents reported in the third quarter of...

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American Bank reports increased earnings

Allentown, PA, January 22, 2008 - American Bank, Inc. (OTC BB: AMBK.OB), the rnparent company of American Bank, today announced a 38% increase in earnings for rnthe year ended December 31, 2007. Net income for the year was $3,920,000, or rn$0.61 per diluted share, an increase from $2,831,000, or $0.43 per diluted share, rnreported for the year ended December 31, 2006. rnThe increase in net income for the year ended December 31, 2007 is the result rnof $1.35 million in net...

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Leesport Financial reports lower income

WYOMISSING, Pa., Jan. 22 /PRNewswire-FirstCall/ -- Leesport Financial Corp. ("Company") (Nasdaq: FLPB) reported net income for the quarter ended December 31, 2007 of $2,032,000, a 10.7% decrease over net income of $2,276,000 for the same period in 2006.

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EEC names Connell director of human resources

<img src = "http://www.epbj.com/system/files/Kristina Connell_200x333.shkl_.jpg" rnKristina A. ConnellrnLANDISVILLE, PA, January 17, 2008 – Electron Energy Corporation (EEC), one of the world’s foremost producers of rare earth magnets and magnet assemblies for critical applications, has named Kristina A. Connell as Director of Human Resources. The announcement was made by EEC President, Michael H. Walmer.r

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