Fulton Financial Corporation has completed the previously announced $142.1 million acquisition of Prudential Bancorp, a Philadelphia-based bank holding company. The stock and cash transaction was announced in March 2022. In June 2022, it was approved by shareholders of Prudential Bancorp. Prudential Bank, which is the subsidiary of Prudential Bancorp, will operate as an independent subsidiary […]
HUB International said that it has acquired the assets of Heritage Wealth Management Group, a Pennsylvania-based financial services provider, for an undisclosed price. Heritage Wealth Management Group serves clients across Western Pennsylvania by helping them in reaching their long-term financial goals. The financial services provider is said to have 300 clients and as of January […]
NextEra Water Pennsylvania has agreed to acquire the Towamencin wastewater system in Montgomery County, Pennsylvania. The financial terms of the deal were not disclosed by the indirect subsidiary of NextEra Energy Resources. The Towamencin wastewater system includes a treatment plant and collection system. It caters to nearly 7,500 customer accounts. Bruce Hauk — NextEra Water […]
Alternative investment firm H.I.G. Capital said that one of its affiliates has wrapped up the previously announced acquisition of Pixelle Specialty Solutions, a provider of fiber-based specialty solutions in North America, from private investment firm Lindsay Goldberg. The financial terms of the deal were not disclosed. Pixelle Specialty Solutions was formed by Lindsay Goldberg in […]
Caterpillar, a manufacturer of construction and mining equipment, has acquired Pennsylvania-based energy-as-a-service (EaaS) company Tangent Energy Solutions for an undisclosed price. Tangent Energy Solutions helps customers with turnkey solutions for bringing down energy costs, boosting energy efficiency, cutting down emissions, monetization of electric grid support, and offering resiliency for customer operations. Jason Kaiser — Caterpillar […]
BJ’s Wholesale Club, a membership-only warehouse club chain operating in the Eastern US, will be opening half a dozen new clubs this fiscal year to grow its footprint. The new clubs will be opened in Seabrook in New Hampshire, Port Charlotte in Florida, South Fayette and Ross Township in Pennsylva,nia, Commack in New York, and […]
Dollar Mutual Bancorp has wrapped up its previously announced $156 million worth acquisition of rival Pennsylvania-based bank holding company Standard AVB Financial Corp. While Dollar Mutual Bancorp is the mutual holding company for Dollar Bank, Federal Savings Bank (Dollar Bank), Standard AVB Financial is the holding company for Standard Bank (formerly Standard Bank, PaSB). Jim […]
Charles Jacquin et Cie, a Pennsylvania-based producer and distiller of alcoholic beverages, has launched Bartenders Trading Co. – a range of ready-to-drink cocktails in the US. Claimed to be the oldest cordial producer in the US, Charles Jacquin et Cies said that Bartenders Trading Co. is the first product line release since John Cooper became […]
Pennsylvania-based Northwest Bank has agreed to divest its insurance business – Northwest Insurance Services to insurance brokerage USI Insurance Services for an undisclosed price. Northwest Insurance Services provides property and casualty, disability, life, and long-term care insurance, in addition to group health, life and disability employee benefits. Ron Seiffert – President and CEO of Northwest Bank […]
Fidelity D & D Bancorp has agreed to acquire rival Pennsylvania-based bank holding company Landmark Bancorp in a cash-cum-stock deal worth $43.4 million. Landmark Bancorp is the holding company of Landmark Community Bank, a community bank based in Pittston. Landmark Community Bank offers commercial banking services via five bank centers in Luzerne and Lackawanna counties. […]