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Article: Scranton's recovery: Progress on paper; 'mismatch' in reality
- Article from:
- Northeast Pennsylvania Business Journal
- Article date:
- June 1, 1997
- Author:
CopyrightCopyright Northeast Pennsylvania Business Journal Jun 01, 1997. Provided by ProQuest LLC. (Hide copyright information)
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A "financially distressed" status remains with Scranton five years after it was declared. The status has not deterred business development in the city, although some observers say little has happened to change Scranton's financial situation.
Representatives involved in Scranton's financial recovery say the process has been difficult. Disagreements between Scranton Mayor James Connors and city council over what strategies to implement have hindered progress.
Nevertheless, the state says it has no plans to end funding efforts to help the city regain steady financial footing. Scranton was declared by the state in 1992 as a "distressed municipality" under the Municipalities' Financial Recovery ...
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Article: LA Bank to Sell Two Pike County Branches
PR Newswire;
August 13, 1998 ;
700+ words
... ... ARIEL, Pa., Aug. 13 /PRNewswire/ -- LA Bank, N.A. of Lake Ariel announced it has ... completed in the 4th quarter of 1998. LA Bank is a subsidiary of Lake Ariel Bancorp ... President and Chief Executive Officer of LA Bank, said, "It was a sound financial business ...
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