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US Economy Looks Grim, Philly Fed Study Finds

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

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Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

PYMNTS

CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. In Pennsylvania, for example, Wells Fargo , PNC and Citizens are the leading banks.

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The Acela Primary Underway In States Where Businesses Are Struggling

PYMNTS

Through the PYMNTS/CAN Capital Store Front Business Index , we’ve been tracking the data on business health and growth in each state and then stacking those results against the regional and national picture. at large or the region. percent and regionally as a benchmark at 2.3 percent and regionally as a benchmark at 2.3

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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. It was a northbound terminus of the Delaware, Lackawanna and Western Railroad (DL&W) used to move coal northward that was being mined in Lackawanna and Luzerne Counties.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Many of the issues which the OCC will be focusing on ring true for all banks regardless of regulator and region. The OCC on Oct. • Traditional control processes (such as audit, loan review, internal controls and due diligence).

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CSAA Insurance Group Review: Great for Auto Coverage?

MyBankTracker

If you are looking for any type of personal insurance and already have a AAA membership, The California State Automobile Association (CSAA) could be the AAA-affiliated insurer that services your region. Coverage and rates vary by state and region; there are restrictions and limitations based on location.

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