Highlights
A collection of news and information related to Summit Bank Corporation published by this site and its partners.
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Area man retires after 42 years in banking
Daily American Staff WriterAfter nearly 42 years in banking, Randy Koontz is hanging up his coveralls for good. Koontz purchased a pair not long after he was hired at Peoples Bank and Trust Co. in Jennerstown in 1971. He and fellow employee Terry Henry — the only male...Tags: Vietnam War (1955-1975), Somerset County (Pennsylvania), Rentals, Loans, University of Pittsburgh
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Paint Township to put police department's future in voters' hands
Daily American Staff WriterPaint Township residents will have a vote next year about whether their police department should be downsized. Supervisors plan to put a referendum on the spring ballot asking residents whether the township should continue to enter into police...Tags: Public Finance, Politics, Referenda, Elections
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Tax collector challenges Paint Township supervisor's earnings
Daily American Staff WriterPaint Township residents have been calling for the resignation of Supervisor Andy Tvardzik for months, and the issue escalated Tuesday night when questions about his pay caused Tvardzik to leave the meeting, albeit briefly, in disgust. "I've heard...Tags: Finance, Money and Monetary Policy, Banking, Economy, Business and Finance, Loans
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Paint Township has multiple loan offers to consider
Daily American Staff WriterPaint Township supervisors have a decision to make next week after 1st Summit Bank approved the municipality's loan request on Friday. The cash-strapped municipality now has loan offers from both Somerset Trust Co. and 1st Summit Bank. Supervisors...Tags: Finance, Financially Distressed Companies, Money and Monetary Policy, Contracts, Economy, Business and Finance
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Bank approves loan for Paint Township
Daily American Staff WriterPaint Township supervisor Chairman Joe Huff Jr. said the municipality has been approved for a loan from Somerset Trust Co. Supervisors will wait, however, to release the details of Somerset Trust's proposal until after they meet with 1st Summit Bank.... -
Paint police reported stable through 2012
Daily American Staff WriterPaint Township Supervisor Joe Huff Jr. told Windber Borough Council members Tuesday that police will continue to patrol the streets through the end of the year even without a cash advance from Windber. Windber made one of its bi-weekly payments... -
Paint Township reports positive meeting with bank
Daily American Staff WriterPaint Township supervisor Chairman Joe Huff Jr. said Wednesday's loan meeting with 1st Summit Bank went well. Bank officials have requested additional information regarding the police department's finances. A final answer from the bank is expected by...Tags: Finance, Economy, Business and Finance, Credit and Debt, Loans, Bankruptcy
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Some Paint Township residents call for bankruptcy filing
Daily American Staff WriterPaint Township supervisors are set to meet with 1st Summit Bank officials today to discuss a potential loan agreement, but many residents at Tuesday night's meeting made it clear they'd rather see the township file for bankruptcy. "We need a fresh...Tags: Financially Distressed Companies, Crime, Law and Justice, Bankruptcy, Loans, Justice System
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Windber key to police survival
Daily American Staff WriterPaint Township first asked Windber Borough for an advance on police services in August, and the burden of saving the department may once again fall on Windber's shoulders. Township supervisors requested a cash advance Wednesday from each of the five...Tags: Loans
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Paint Borough pays in advance for police
Daily American Staff WriterPaint Township requested a cash advance Wednesday from each of the five boroughs it contracts with for police services. On Thursday Paint Borough became the first municipality to approve the advance. Paint Borough Council voted unanimously to...Tags: Finance, Economy, Business and Finance, Credit and Debt, Loans
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Paint Township awarded bridge loan
Daily American Staff WriterPaint Township supervisors approved a $75,000 "interim" loan agreement with 1st Summit Bank Tuesday, but the municipality's long-term financial security won't be decided until next week at the earliest, supervisors said. Chairman Joe Huff Jr. said the...Tags: Budgets and Budgeting, Finance, Unemployment, Deere and Company, Economy, Business and Finance
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Large tax increase looming in Paint Township
Daily American Staff WriterSupervisors told Paint Township residents Tuesday to expect a 75 percent property tax increase in 2013. The 3:30 p.m. meeting, normally attended by just a handful of people, drew a crowd of about 50 residents seeking explanations for the township's...Tags: Property Tax, Employment, Economy, Business and Finance, Credit and Debt, Loans
Jan 6, 2013
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Dec 18, 2012
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Nov 20, 2012
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Nov 16, 2012
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Nov 14, 2012
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Oct 23, 2012
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Oct 17, 2012
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Oct 16, 2012
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Oct 13, 2012
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Oct 11, 2012
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Oct 2, 2012
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Sep 18, 2012
|Story| Daily American
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