Customers Bank Chief Credit Officer Andrew Bowman has been promoted to the roles of senior executive vice president and member of the office of the chair, positions that will see him help make crucial decisions for the Wyomissing-based community bank’s strategic future.
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Banking & Finance
Ben Franklin Technology Partners announces latest investments
Two Bethlehem companies were among the startups that received funding from the Ben Franklin Technology Partners of Northeastern Pennsylvania.
Read More »Allentown’s NEIF acquires insurance operation
The National Energy Improvement Fund of Allentown, a B-Corp. energy efficiency lender, purchased the assets of My Strong Home PBC and its property and casualty insurance operation, MSH Services LLC.
Read More »State program offers $200M in one-time grants to small businesses
State officials provided more guidelines for the $225 million small businesses grant program announced earlier this week, which officials say will start accepting applications by the end of June.
Read More »PPP loans have kept banks busier than ever
While many bank branches have either been closed or run with limited face-to-face interactions, behind the scenes, banks in the region say they have been busier with ever as they try to meet the needs of commercial and banking customers through the COVID-19 crisis.
Read More »$225M state grant program announced for PA small businesses
The Wolf administration will use $225 million from its federal CARES Act allocation to provide liquidity to Pennsylvania small businesses that are financially struggling in the aftermath of the forced shutdown orders instituted to slow the spread of COVID-19.
Read More »Allentown’s Shift4 Payments has IPO, rings bell at NYSE
A big day for an Allentown company today. Not only did Shift4 Payments Inc. have an initial public offering on the New York Stock Exchange this morning, it became the first company to get to ring the bell opening the NYSE since the COVID-19 crisis shut down the trading floor.
Read More »Landmark changes to PPP headed for Trump’s desk this week
The changes arrive as many employers near the end of their eight-week coverage period during which they are required use their disbursements to bring back their full-time employee counts to pre-pandemic levels to qualify for SBA forgiveness. The new bill would triple that covered period to 24 weeks.
Read More »House bill would extend PPP rehiring safe harbor, increase overhead expense flexibility
House lawmakers passed a bill late last week that would loosen restrictions on businesses using Paycheck Protection Program funds to retain and rehire workers, as federal policymakers work to revise the PPP to help companies recover in the aftermath of mandated closures.
Read More »CACLV gets $1.8 million in CARES Act funding
The Community Action Committee of the Lehigh Valley is receiving $1.8 million from the CARES Act passed by Congress in March.
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