Business briefs - Jan 2

January 02, 2011

Coldwell Banker  

Coldwell Banker Innovations collected $140.91 in donations and enough toys to fill up a large donation box during its recent Toys for Tots drive.

Power Marketing LLC, a full-service marketing, Internet and consulting company, also contributed to Coldwell Banker Innovations' Toys for Tots drive.

With offices in Hagerstown and Frederick, Md., Coldwell Banker Innovations is the leading residential brokerage team for the Maryland, West Virginia and Pennsylvania regions. They assist buyers and sellers with real estate in Hagerstown, Frederick, Chambersburg, Pa., and Martinsburg, W.Va.

Erie Insurance  

Erie Insurance is donating $75,000 to 24 community foundations in 11 states, including $3,000 to the Community Foundation of Washington County.

President and Chief Executive Officer Terry Cavanaugh made the announcement recently during an employee presentation at the Fortune 500 company's headquarters.

Erie Insurance Group, based in Erie, Pa., is the 13th largest automobile and homeowners insurer in the United States based on direct premiums written and the 19th largest property/casualty insurer in the United States based on total lines net premium written.


Western Correctional Institution staff members and inmates presented three Cumberland-area charities with quilts made by inmates on Dec. 17 at the prison on McMullen Highway in Cresaptown, Md.

The 12 quilts were made by inmates out of scraps of denim that would otherwise have been discarded.

ConKerr Cancer, which has been given more than 2,000 inmate-made pillowcases for children's cancer hospitals, also donated some material for the inmates to complete the quilts.

The Salvation Army, Union Rescue Mission and Tri-State Teen Challenge each received four quilts.

Tower Bancorp  

Tower Bancorp, Inc. announced Dec. 21 that it has raised $51.2 million through a public offering by issuing 2,528,666 shares of the company's common stock  at a price to the public of $20.25 per share.

The net proceeds to the company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $47.8 million.

Fulton Financial   

Fulton Financial Corp. of Lancaster, Pa., has announced that it will distribute its fourth quarter, year-end 2010 earnings news release and accompanying charts Tuesday, Jan. 18, at about 4:30 p.m.

The corporation will host its quarterly conference call with analysts who cover the company Wednesday, Jan. 19, at 10 a.m. Eastern Time.

Fulton Financial Corp. is a financial holding company that operates 271 banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through the following affiliates: Fulton Bank N.A., Lancaster; Swineford National Bank, Middleburg, Pa.; Lafayette Ambassador Bank, Easton, Pa.; FNB Bank N.A., Danville, Pa.; The Bank, Woodbury, N.J.; Skylands Community Bank, Hackettstown, N.J.; and The Columbia Bank, Columbia, Md.

Columbia Bank

Beginning in July 2008, the Hagerstown Trust Division of The Columbia Bank began to offer a new service, bulk coin counting.

Self-serve coin-counting machines were installed in each branch location.  

Customers can bring in their loose mixed change in any amount, pour it into the machine, which will sort and count the coins and provide a receipt.

 The fee for the use of the machine is 6 percent, and all of the proceeds are donated to a different local charity each month.

 For the month of October, Breast Cancer Awareness of Cumberland Valley received $519.15.  

For November, the Finance Academy was selected. The proceeds from the coin machine generated $525.40.  

To date, $15,917.17 has been donated to local organizations and charities from the use of the coin machines.

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