As the second phase of the Paycheck Protection Program began yesterday, Business First took a look at how the local financial institutions are handling it. Most of them are concentrating on processing applications that were previously submitted. It also appears that most are prioritizing requests from current clients. Only a few are accepting applications from new clients at this time.
Sucro Sourcing, LLC has opened what will be a regional distribution facility at Lackawanna's Gateway Trade Zone. Sucro Sourcing is a rapidly growing and dynamic sugar trade partner for sugar mills, processors, distributors, and industrial customers. The company expects to hire up to 21 workers.
Northwest Bancshares, Inc. announced its net income for the quarter ended March 31st was $7.9 million, or seven cents per diluted share. This represents a decrease of $17.1 million, or 68.3%, compared to the same quarter last year.
