A former vice president of a Harrisburg-based credit union was sentenced to one day in prison and two years of probation after pleading guilty to committing bank fraud earlier this year.

Northwest Bank agreed to pay the commonwealth $15,000 along with other concessions to settle accusations by state Attorney General Josh Shapiro that it made deceptive threats of legal action against consumers who fell behind in vehicle loan payments.

Wyomissing-based Good Life Companies is expanding. It recruited two independent financial adviser businesses to its platform with approximately $150 million in total client assets. 

Members 1st Federal Credit Union unveiled technology that officials say will give customers more ways to do business as it gears up to expand in Berks and Lehigh counties and open a new headquarters office in Cumberland County.

Shift4 Payments, an Allentown-based e-payment processing solutions provider, is integrating its digital restaurant marketplace with Uber Eats to create what the companies say will be an efficient ordering and delivery process for Shift4’s restaurant clients.

State and local officials announced on Monday that the first round of the COVID-19 Relief Statewide Small Business Assistance grants have been awarded to 4,933 small businesses, totaling $96 million in grants for companies across the commonwealth who struggled to obtain federal stimulus funds from programs like the Paycheck Protection Program.

Eric Holmquist was recruited in July to work as Customers Bank’s new Executive Vice President and Chief Risk Officer, bringing more than 35 years of experience in the financial services sector to the job. He will be responsible for the design and execution of the Wyomissing-based bank’s enterprise risk management program.

Ben Franklin Technology Partners of Northeastern Pennsylvania has announced its latest round of investments.

State Attorney General Josh Shapiro’s lawsuit against student loan service provider Navient for allegedly engaging in deceptive lending practices may proceed to trial, the U.S. Court of Appeals for the Third Circuit has ruled.

The Pennsylvania Department of Community and Economic Development and the Ben Franklin Technology Development Authority announced today that it will award nearly $1.5 million in grants to each of the four Ben Franklin Technology Partners in the state.