Your Building Centers acquires Berlin Lumber
Your Building Centers has acquired Berlin Lumber Co., a lumber, truss and building supplies provider that has been serving builders and homeowners for more than 68 years.
YBC purchased the company from Doug Brant, owner/president, and intends to continue to operate under the name of Berlin Lumber. The acquisition is the third in three years for YBC.
“As we begin to celebrate our 30th anniversary this year as YBC, we are excited to begin a new chapter in our history and welcome Berlin Lumber to our employee- owned company,” Rich Lender, president/CEO of Your Building Centers, said in a statement. “Berlin Lumber is an outstanding company with a long history of great customer service; we are looking forward to continuing that tradition into the future.”
Cresson firm receives $75,000 technology grant
Cresson-based Eternal Remembrance LLC was awarded a $75,000 grant from Ben Franklin Technology Partners, state Rep. Frank Burns, D-Johnstown, announced.
Burns said the project will involve the creation of a virtual memorial mobile app that will offer users a simplified way to connect, celebrate and honor a loved one’s memory.
Fulton Bank to purchase local financial business
Fulton Bank N.A., based in Lancaster, has signed an agreement to buy the wealth management business currently conducted by Forney Financial Solutions LLC in Altoona.
Forney Financial Solutions LLC, which was established by John C. and Sherry G. Forney in 2001, currently has about $250 million in assets under management or administration.
Fulton Bank, a subsidiary of Fulton Financial Corp., is based in Lancaster and has about $11 billion in assets under management or administration through its wealth management division, Fulton Financial Advisors.
“We are pleased to be able to partner with the Forney team to broaden our reach to serve clients in central Pennsylvania,” Curtis J. Myers, president and COO of Fulton Financial Corp. said in a statement.
“As part of our succession planning, we have searched for almost a year to find a like-minded firm with which to align, and we were delighted to find Fulton,” John Forney said in a statement. “After the transaction is complete, other than a change in our name, clients will see very little change in the way we do business. Sherry and I will continue to be involved in providing the best service, with the size and strength of Fulton Financial and our continued relationship with Raymond James supporting those efforts.”
The terms of the agreement have not been disclosed. The transaction is expected to be completed early in the first quarter of 2019.
From Mirror staff reports