Medco, based in Franklin Lakes, N.J., has a large, highly automated facility in Willingboro. Should the deal pass regulatory muster, St. Louis-based Express Scripts would become the largest pharmacy benefits managers, surpassing CVS Caremark.
On Wednesday, four Pennsylvania banks were among 17 that received funding from the Treasury Department to support small business lending. The only local bank to get federal funding through the new Small Business Lending Fund was Doylestown's Monument Bank. (Here's a link to The Inquirer's Business news in brief feature.)
Daniel Gross, the economic editor at Yahoo Finance, offers this analysis of how some banks seem to be repaying the capital they'd borrowed under the TARP program a couple years ago with funding from the SBLF. He notes that York Traditions Bank and Centric Financial, two of the Pa. banks that got cheaper SBLF funding, paid back their TARP capital on July 14. Read his column here.