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Briefcase

WILLIAMSBURG

PennCrest Bank set to open

PennCrest Bank will open its Williamsburg office on Monday.

In April, Mid Penn Bank and PennCrest Bank, a Pennsylvania-chartered mutual savings bank headquartered in Altoona, announced that they had entered into a purchase agreement providing for the sale of the bank’s Williamsburg office to PennCrest.

PennCrest had agreed to assume certain deposit liabilities totaling about $25.4 million and purchase certain loans totaling about $2.7 million as well as cash, real property, personal property and other fixed assets.

Missy Dolansky will be the manager assigned to the office. She is currently the manager of PennCrest’s Hollidaysburg and Pleasant Valley offices and will add Williamsburg to her area of responsibility and will spend time in all three locations.

Sue Hetrick will be the assistant manager of the Williamsburg office and will be responsible for day-to-day operations.

Williamsburg has been without a bank since February when Mid Penn reduced operations.

First National Bank had closed its Williamsburg office in September 2018.

STATE COLLEGE

eLoop offers screen recycling

Using the nation’s first fully automated AI robotic processing system, eLoop’s new flat panel display PRO Technology enhances efficiency and safety while increasing the volume being processed.

Located in eLoop’s State College facility, the FPD PRO securely contains hazardous materials found in FPDs.

Partnering with FPD Recycling, a technology company from Europe, eLoop will be the first electronic waste recycler in the U.S. to implement the FPD PRO, a fully automated robotic recycling system for processing FPDs.

It is a way to process the nearly 45 million television sets sold in the U.S. annually when it comes time for them to be recycled.

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