Six Pennsylvania Branches Face Closure by BB&T

As part of its proposed $1.8 billion purchase of National Penn Bancshares, BB&T said in a legal notice on September 25th, that it has selected six branches and two business centers in Pennsylvania for closure.

The National Penn branches facing closure are in Abington, Elverson, Quarryville, Reading and West Chester, with the two business centers located in Berwyn and Lancaster. This is in addition to the planned closure of 20 to 25 branches due to overlap from its takeover of Susquehanna Bancshares.

The six branches have combined deposits totaling $164.4 million however, only one targeted branch is more than 1.5 miles away from an alternative branch that could receive the deposits.

BB&T spokesman David White stated that it is too early to say when the branches will close, but that the bank “expects to retain all high-performing, direct client-facing employees and revenue producers.”

A Delaware Water Company’s Plan Worries Chesco Residents

Artesian Resources is causing anxiety for local residents with its plan to pump about 200,000 gallons of water per day from a well in London Britain Township to support water service for customers in Delaware and part of the New Garden Township in Chester County.

Many residents in the county’s rural southeastern corner use wells to get water for drinking, cooking and washing as well as for their animals. Despite the company’s assurances, they fear the worst case scenario where the agency pumps too much water out of the aquifer causing the wells to dry up.

On hearing the concerns of the residents on September 16, the Delaware River Basin Commission decided to postpone the decision to allow Artesian to pump groundwater out of the disputed well.

“It could risk the whole charm of this area, running out of water,” said Trish Whetham, of Morningstar Stables.

Analysts Predict a Good Year for Sunoco Logistics Partners

Currently trading between $27 and $28, many analysts are predicting that Sunoco Logistics Partners shares will reach the range of $44 to $55 within the next 12 months, with a consensus one-year price target of $47 based on 10 brokerage firm reports taken into consideration by Zacks. 

Logistics Partners which is currently trying to put a new pipeline through Chester County, among other projects, does however, have a wide range of estimates for its full year earnings per share. The current estimates vary from $0.74 to $2.30 with the consensus set at around $1.45 based on the Zacks poll.

On the Zacks universal scale which provides a consensus rating on each stock based on a sliding scale of 1 to 5, with 1 a Strong Buy a 5 a Strong Sell, Sunoco’s rating score currently stands at 1.36, making it a Strong Buy.

Customers Choose DiscountedOfferings.com as their Preferred Online Shopping Mall

Attracting more and more customers with their quality products at reasonable prices, DiscountedOfferings.com has emerged as the most preferred online shopping mall among buyers.

The site is catching the eye of customers as well as critics, and marketing experts in the field credit the success of the online store to their reasonable prices, high quality products, huge variety and round the clock customer support. In addition, customers can get significant savings on retail products and qualify for free shipping.

“We are happy to be the most preferred online shopping store among our customers,” said the DiscountedOfferings.com spokesperson. “We think that our excellent customer service and quality of work are playing most important role. We have a dedicated team having great skills and knowledge about online stores. We are committed to providing the best quality products to get our customers satisfied.”