Silver Screen Video closing
Silver Screen Video, 1303 Pennsylvania Ave., plans to close its doors.
According to its Facebook page, the movie store will be closing soon.
“With the constant barrage of ‘technology,’ it’s become apparent that movie rentals will no longer support the video store,” the post states.
Silver Screen Video is planning a “store closing sale” and the store will be open normal business hours until the inventory has been liquidated.
Silver Screen Video has been serving the community for 16 years, the post states.
Amerway exhibits at APEX
Amerway Inc. of Altoona, a domestic manufacturer of high-purity solder products for the electronics manufacturing industry, will exhibit a full range of premium solder bar, wire, fluxes, and custom alloys at IPC/APEX 2019 at the San Diego Convention Center Tuesday through Thursday.
Amerway domestically manufactures a large selection of lead-free alloys and metals products including pure tin, tin/copper, tin/antimony, tin/silver, SAC-alloys, fluxes, and more. Amerway holds ISO 9001 quality certification.
CNB reports earnings
CNB Financial Corp., the parent company of CNB Bank, reported net income of $8.9 million, or $0.59 per share, in the fourth quarter of 2018, compared to net income of $3.5 million, or $0.23 per share, in the fourth quarter of 2017.
Pre-tax income in the fourth quarter of 2018 was $11.1 million compared to $8.6 million in the fourth quarter of 2017, an increase of 28.4 percent.
Net income of $33.7 million, or $2.21 per share, for the year ended Dec. 31, compared to net income of $23.9 million, or $1.57 per share, for the year ended Dec. 31, 2017. Pre-tax income for the year ended Dec. 31 was $40.2 million compared to $36.3 million for the same period in 2017, an increase of 11 percent.
CNB Bank operations include a private banking division and 42 full-service offices in Pennsylvania, Ohio, and New York.
Riverview reports earnings
Riverview Financial Corp. reported unaudited financial results at and for the three months and year ended Dec. 31.
The reported annual net income of $10.9 million, or $1.19 per basic and diluted weighted average common share, is the highest level of earnings achieved in the company’s history.
Return on average assets, return on average stockholders’ equity and return on average tangible equity were 0.94 percent, 9.81 percent and 13.23 percent for the twelve months ended Dec. 31. For the fourth quarter of 2018, net income amounted to $2.5 million, or $0.27 per basic and diluted weighted average common share.
Riverview Financial Corp. is the parent company of Riverview Bank and its operating divisions Citizens Neighborhood Bank, CBT Bank, Riverview Wealth Management and CBT Financial and Trust Management. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset Counties through 30 community banking offices and three limited purpose offices.