2015 Top 100 Organizations

Every year, the Top 100 Organizations provides our readers with a snapshot of success in Central Pennsylvania business. We received more nominations than ever before, making the process of selecting the final Top 100 a little more difficult, but a lot more worthwhile. This year the profiles feature the year each company was established along with its hometown. The oldest […]

Banking Outlook 2016

Banks are optimistic about the coming year, but some remain targets for M&A deals

Bankers have stopped using the term “cautious” and are now “optimistic” the troubles that began after Lehman Brothers filed for bankruptcy on Sept. 15, 2008, amid the global mortgage meltdown, which triggered a cascade effect from Wall Street to Main Street, are finally behind them. In December, the Fed raised the prime rate for the first time in eight years, […]

Mergers and acquisitions and the startling expansion of BB&T

Pennsylvania banks look to continue a cycle of merging in 2016. In March, S&T Bancorp Inc., the $4.9 billion parent company of S&T Bank, acquired Integrity Bank in Harrisburg, a $900 million institution. In December, CNB Financial Corporation, the parent company of CNB Bank, announced its intention to acquire Lake National Bank of Mentor, Ohio, which holds $152.2 million in […]

The great fall of China: Fact or fiction?

Pennsylvania’s exports to China grew by 159 percent between 2005 and 2014, and today make up 5.9 percent of the state’s total exports. China is now the commonwealth’s third largest export market after Canada and Mexico. Imports from China comprise 21.8 percent of Pennsylvania’s total imports, about $18 billion in goods in 2014. When bad news about China’s stock market […]

The digital banker

Online platforms create new required skillset for finance

As more and more banking and financial services move from “bricks and mortar” to digital platforms, employee retraining and new hires go hand in hand. According to Burning Glass Technologies, a Boston-based firm that delivers job market analytics, the financial services sector is increasingly seen as an IT employer, and the industry’s hiring practices reflect that change. Last year, 23 […]

CBT promotes Kelly and Hamilton

CLEARFIELD, PA – Joseph P. Kelly, Jr. and David A. Hamilton were promoted to assistant vice president. Joseph P. Kelly, Jr. began his banking career in 2009 and joined Clearfield Bank & Trust in 2014. In addition to assistant vice president, he is also a business banking officer. Kelly earned a Bachelor of Science degree in business administration from Penn […]

Wood retires, Bibak appointed CEO of CBT

CLEARFIELD, PA – CBT Financial and its wholly owned subsidiary, Clearfield Bank & Trust, announced the retirement of William E. Wood as Chief Executive Officer effective Dec. 31, 2015. Wood will remain as chairman of the board of directors of both CBT Financial and Clearfield Bank & Trust. He has served as chairman, president and CEO since 1999 and has […]

Monica Phillips appointed assistant branch manager at Kish Bank

STATE COLLEGE, PA – Kish Bank has announced the appointment of Monica Phillips as assistant branch manager for its State College branch on South Atherton Street. Phillips will oversee the staff and manage the daily operations of the branch. Prior to joining Kish, Phillips was a head teller at Fulton Bank, where she was responsible for branch operations and supervising […]

Dixon promoted to CNB market executive

CLEARFIELD, PA – Gregory M. Dixon has been promoted to CNB market executive. In this position, Mr. Dixon will be responsible for the overall support and growth of all 21 CNB Bank office locations by growing loan and deposit accounts, developing new products, managing product pricing and developing customer relationships. A native of Clearfield, Dixon joined CNB in 2003 after […]

First National Bank donates to programs that benefit high-schoolers

WILLIAMSPORT, PA – First National Bank recently donated $10,000 to two innovative Pennsylvania College of Technology initiatives. FNB’s Peter Bower, senior vice president and commercial banking team leader, and Chris Sullivan, vice president and market manager, delivered the gift to the college. The contribution was made through Pennsylvania’s Educational Improvement Tax Credit program in support of the college’s SMART Girls […]