Harrisburg-based Graystone Bank will sell its lone branch in Maryland to reinvest the money in the faster-growing local market, Chairman and Chief Executive Officer Andrew Samuel said today.

Burnham Holdings Inc. today reported a net loss of $1 million, or 22 cents per share, for the second quarter that ended June 29. This is down compared to the net gain of $197,000, or 5 cents per share, that the company reported for the year-ago period.

Donegal Group Inc. today reported earnings of $6.9 million, or 28 cents per diluted Class A share, for the second quarter of 2008. This is down from $10.8 million, or 43 cents per diluted Class A share, in the same period last year.

Pennsylvania's workforce dropped significantly in June compared to the month before, according to a report today released by the state Department of Labor & Industry.

Mortgage giant Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter.