Citizens Bank launches Healthcare Practice banking in region
Citizens Bank, with five branches in Monroe County, two in Pike and one Business Center in Lackawanna County that serves Luzerne, Monroe, Pike and Lackawanna counties, has launched of its HealthCare Practice Banking Group in Pennsylvania, New Jersey and Delaware.
The specialized banking group, meeting the financial needs of medical, dental and eye care practices and professionals in other markets, was first introduced in 2013 in Massachusetts, Connecticut and Rhode Island.
“Given the size and importance of the health care sector and our track record of helping health care practices succeed and grow, our HealthCare Practice Banking Group is uniquely positioned to meet the special challenges and financial requirements of medical, dental and eye care practices,” said Quincy Miller, president of Business Banking for Citizens.
Medical, dental and eye care professionals and practices use the products and services offered by the HealthCare Practice Banking Group to:
• Manage cash and increase cash flow flexibility.
• Foster practice growth with short-term working capital and longer-term financing arrangements for equipment purchases, practice acquisitions, start-ups, renovations, expansion and more.
• Optimize personal wealth with a designated Premier Banker to map a financial plan, including a special home purchase program for medical professionals and a low variable rate or fixed rate loan product for refinancing medical school debt.
The new Citizens Bank team serving health care practices in Pennsylvania, New Jersey and Delaware includes seasoned bankers with vast experience in the medical field, and a combined experience of more than 65 years:
“We have realized a lot of success since launching the HealthCare Practice Banking Group last year and I’m excited to be able to expand our footprint,” said Lisa Enright, senior vice president and head of the HealthCare Practice Banking Group. “The new team brings a wealth of experience that will allow us to provide the specialized service that health care practices and professionals need in the Mid-Atlantic region.”
For more information about HealthCare Practice Banking, call 1-860-440-4217.To learn more about Citizens Bank, customers can call the 24/7 customer contact center at 1-800-922-9999, Like the bank on Facebook, follow the bank on Twitter or visit the Citizens Bank website.
Citizens Financial Group Inc. is one of the nation’s oldest and largest financial institutions, with $126.9 billion in assets as of March 31. Headquartered in Providence, he company offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions and offers mobile and online banking, a 24/7 customer contact center and approximately 3,100 ATMs and approximately 1,200 Citizens Bank and Charter One branches in 11 states in the New England, Mid-Atlantic and Midwest regions.
Citizens operates via subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania. Additional information about Citizens and its line of products and services can be found atcitizensbank.com.
Pocono Raceway Solar Farm hits milestone
Nearly four years to the day of the original dedication of Pocono Raceway’s solar farm, the total amount of energy produced by the 25-acre facility reached the 15,000,000 kilowatt hour mark. “The Tricky Triangle’s” solar installation consists of 39,960 American-made photovoltaic modules (or solar panels) which will produce an estimated 72 Million kilowatt hours of energy over the next 20 years. The system will offset more than 3,104 metric tons of carbon dioxide annually and will generate enough power, beyond the power needs of Pocono Raceway, to provide the electricity needs for more than 300 homes.
“It is amazing to see the amount of energy produced by the solar farm in this short period of time,” said Pocono Raceway President/CEO Brandon Igdalsky. “To put the amount of energy produced into layman’s terms, the solar farm has saved over 1,215,000 gallons of fuel. This would equal 121,500 trips from New York City or Philadelphia to Pocono Raceway in a vehicle, such as an RV, using 10 miles per gallon of gasoline.
“When I watch the NASCAR Green commercial during race broadcasts, there is a line which asks Greg Biffle, ‘Got solar to power the sport?’ The amount of fuel we have saved would power the top three levels of NASCAR for about two-and-a-half seasons. So, I guess, we really could power the sport.”
The 15 million (kWh) produced has already impacted the environment, with a saving of carbon dioxide to offset equaling 270,000 trees or 443,460 Propane BBQ Grills.
The Raceway has been awarded a number of environmental awards for its sustainable energy efforts, including the Excellence in Renewable Energy Awards, Readers Choice Award presented by RenewableEnergyWorld.com and the Governor’s Award for Environmental Excellence, presented each year by the Pennsylvania Department of Environmental Protection. These awards highlight the best in environmental innovation and expertise.
The Pocono Raceway Solar Farm is located along Long Pond Road adjacent Pocono Raceway’s 2.5-mile Super Speedway. Pocono Raceway will host the GoBowling.com 400 race Aug. 1 to 3.
ESSA financial report reflects progress from a year ago
ESSA Bancorp, Inc., the holding company for ESSA Bank & Trust, a $1.56 billion asset financial institution providing full service retail and commercial banking, financial and investment services, announced a reported net income of $2.6 million, or $0.24 per diluted share, for the three months ended June 30, 2014. It compares favorably with net income of $1.9 million, or $0.16 per diluted share, for the three months ended June 30, 2013.
For the nine months ended June 30, 2014, the Company reported net income of $6.1 million, or $0.56 per diluted share, compared with net income of $6.8 million, or $0.58 per diluted share, for the corresponding 2013 period. Results for the three and nine month periods ended June 30, 2014 reflect earnings contribution from Franklin Security Bancorp, acquired in April, 2014, a reduced provision for loan losses, declines in the accretion of the fair market adjustments that resulted from the Company’s acquisition of First Star Bancorp, along with lower gains from the sales of investments and loans compared to the three and nine month periods ended June 30, 2013.
Dougherty joins Foley Law Firm’s Scranton office
Attorney Brian J. Dougherty, Esq., of Dunmore has been added to the Scranton office of the Foley Lawn Firm, which serves personal injury clients throughout northeastern and central Pennsylvania from its offices that includes Stroudsburg.
Dougherty was educated in local schools and earned his undergraduate degree at the University of Scranton. He graduated from The Dickinson School of Law at Penn State University. Dougherty is admitted to the Pennsylvania Supreme Court and is certified to practice in the U.S. District Court for the Middle and Eastern Districts of Pennsylvania. He is a member of the Pennsylvania Association for Justice and the Pennsylvania Bar Association.
Prior to joining the Foley team, Dougherty worked as a trial attorney for eight years for an insurance company and has extensive experience in automobile, trucking and insurance bad faith litigation. He is transitioning from the defendant’s side to the plaintiff’s and is well experienced to assist motor vehicle and truck accident victims since his knowledge spans both sides of these cases with his experience and knowledge of insurance law.
The Foley Firm handles a wide range of personal injury cases, including motor vehicle accidents, interstate trucking accidents, workers compensation claims, and medical negligence.
Cerra, Staneski named to Pocono Health System/PMC board
Carmine Cerra, MD ,and Richard Staneski, former Vvce president of Finance and Administration at East Stroudsburg University, have been named to the Pocono Health System/Pocono Medical Center Board of Directors.
“On behalf of our Board, we look forward to working closely with Dr. Cerra and Mr. Staneski to continue to move this organization forward by always focusing on our patients and their needs,” said W. Andrew Worthington, Ccair of the Pocono Health System/Pocono Medical Board of Directors.
Longtime board members Chuck Hannig, president/Broker of Spread Eagle Realty Inc.; Phil Hosbach, vice president, New Products and Immunization Policy at Sanofi Pasteur; and Gary Olson, president and CEO of ESSA Bank & Trust, have retired from their dedicated service on the board.
Olson also previously served as Chair during a time of exciting transformation with the development of the new Dale and Frances Hughes Cancer Center, among many other notable achievements. Hannig, Hosbach, and Olson continue to be actively involved in many community and civic causes.
The board currently consists of three physicians, seven business and community leaders, and Jeff Snyder, President and CEO, Pocono Health System/Pocono Medical Center.
Bartonsville Healthcare Center earns national accreditation
The Bartonsville Healthcare Center’s Outpatient Vascular Lab under the direction of board-certified surgeons Eric Wilson and David Meir-Levi has been awarded the Intersocietal Accreditation Commission’s accreditation for carotid, peripheral arterial and peripheral venous testing.
“This national recognition demonstrates to our community that the results in our lab are accurate, reproducible, and meet the most stringent quality requirements of ICAVL right here in Monroe County,” said Jeff Snyder, president and CEO, Pocono Health System/Pocono Medical Center.
The onsite lab at the Bartonsville Healthcare Center provides same day testing and easy access.
To learn more about the vascular lab, call 570-426-6800 or visitpoconohealthsystem.org/?id=446&sid=1.