Banking & Finance
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How to Avoid Costly IRS Penalties
Penalties on underpayments of income taxes paid quarterly rather than through paycheck withholding have recently surged, writes Laura Saunders for The Wall Street Journal. There are many groups who pay their taxes this way, including investors, retirees, business owners, and gig workers. “These charges can hit hard, so getting it right can save people hundreds…
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Meridian Bank Shares Latest Successes, Updates in Its 20th Anniversary 2023 Annual Report
Meridian Bank recently released its 20th Anniversary 2023 Annual Report in which Chairman and CEO, Christopher Annas, shared the Bank’s progress and successes throughout the year. Referencing the Bank’s primary business line in commercial lending and how it encompasses 70 percent of the balance sheet and the majority of earnings, Annas stated, “It has seen…
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Mid-Year Checkup: How to Set Your Business Up for Future Success
If you feel like the first half of 2024 has flown by, you’re probably not alone. As we reach the mid-point of the year, it is always a good idea for any business to perform a checkup so they can pivot as needed to be successful in the future. Business owners — small and large…
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How To Stick to Your Vacation Budget
Congratulations! You stuck to your travel budget and saved the money you needed for your next big vacation. You made the reservations and packed your new bathing suit. Now, the challenge is to stick to your budget while you travel. If you can do that, you will make great memories on this trip and not…
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Financial Empowerment Takes Center Stage at Grundy Library with State and Local Support
Staff, leadership, and stakeholders of the Margaret R. Grundy Memorial Library welcomed Auditor General Timothy L. DeFoor during his “Be Money $mart” tour on Jul. 15, where he underscored the importance of public libraries and the invaluable free resources they provide to community members. With a special focus on financial literacy during the day’s event,…
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Ambler Savings Bank Donates $6,000 to Four Charities in Honor of 150th Anniversary
In honor of its 150th anniversary, Ambler Savings Bank donated to four community non-profit organizations totaling $6,000. Each branch of Ambler Savings Bank selected a non-profit organization that holds special significance to them, demonstrating the bank’s commitment to fostering positive change and empowering communities to thrive. The following non-profits each received a $1,500 donation. Darren…
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6 Home Improvements to Cool Your Home and Cut Your Energy Bills
As temperatures soar and summer settles in, you may be wondering how you can cool your home for less. By implementing strategic home improvements, you can reduce your reliance on air conditioning. Here are some smart upgrades and tips to enhance the cooling efficiency of your home. Make Sure Your Home Is Well-Insulated Proper insulation…
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Why Do Consumers Shop Local?
July is recognized as Independent Retailers Month. At First Bank, we like to highlight the importance of shopping locally. Below are some of the many reasons that customers shop local, plus a few ways that small businesses can promote and enhance these key benefits. Why Do Consumers Shop Local? By supporting independent retailers, customers can…
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3 Ways to Utilize a Reverse Mortgage to Strengthen Your Financial Situation
Reverse mortgages can often be a misunderstood financial option for many consumers. One of the many reasons: since you must be 62 to obtain a reverse mortgage, consumers don’t get as much experience early on in their financial journeys as they would with credit cards or student loans. Driving this point home, a recent WSFS…
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Penn Community Bank Welcomes New Commercial Banking Team Leader Zac Collins
Zac Collins has joined Penn Community Bank as SVP – Commercial Banking Team Leader, bringing his 30 years of industry experience to further the Bank’s mission of delivering solutions that genuinely serve the best interests of individual and commercial customers. In his new role, Collins will lead a team focused on Commercial and Industrial (C&I) Banking…
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First Bank FSVP/Market Executive Anthony DeSenzo Receives Banker of the Year Award
J.G. Petrucci Company, Inc. (JGPCO), one of the New Jersey and Pennsylvania region’s most respected development and design/build organizations, hosted its annual Leadership Awards Dinner on May 9. This event honors industry leaders among brokers, bankers, engineers, and lawyers, and First Bank’s FSVP/Market Executive, Anthony DeSenzo, was recognized with the Banker of the Year Award.…
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Budgeting for Homeownership: Additional Costs Beyond the Down Payment
Congratulations! You’ve found the perfect house and are ready to make an offer. But before you place that bid, there are some additional expenses to consider that go beyond the down payment. To ensure a smooth transition into your new home and avoid any financial surprises, let’s explore some other expenses to factor into your…
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Should You Wait for Rates to Come Down Before Buying a Home?
If you’ve been wondering whether you should wait for mortgage rates to come down before you buy a house, you’re not alone. High rates and home prices have made many prospective buyers decide to sit out of the housing market. Over the past few years, we’ve seen mortgage rates climb from as low as three percent…
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Firstrust Bank Sponsors Southampton Days 4th of July Parade
Firstrust Bank, a family-owned financial institution with a 90-year legacy of fostering trust and stability through generations, is once again sponsoring the Southampton Days 4th of July Parade in Bucks County. Beginning at 9:30 AM, the parade will form at Jaymor Road in Southampton and proceed north on Second Streek Pike, before ending at Klingler…
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First Bank President and CEO Patrick Ryan Receives Live United Corporate Award
First Bank President and CEO Patrick L. Ryan was recently honored with the Live United Corporate Award by the United Way of Greater Mercer County. This prestigious award recognizes both corporate and personal commitment to building stronger, more equitable communities. “Receiving the Live United Corporate Award is a tremendous honor for both First Bank and…
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Meridian Bank Supported Paoli Hospital Foundation as the Title Sponsor of the 2024 Golf Classic
Meridian Bank supported the Paoli Hospital Foundation as the Title Sponsor for the 2024 Paoli Hospital Golf Classic. The event took place on May 16 at Applebrook Golf Club (100 Line Road, Malvern) with a full course of golfers and sold-out sponsorships. Proceeds from the Golf Classic benefitted the Paoli Hospital Inpatient Room Expansion —…
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Penn Community Bank Grant Supports Bucks County Housing Group Food Program
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has partnered with the Bucks County Housing Group (BCHG) to help provide critically needed items to area food pantries. The $5,000 contribution will support the ability to purchase both fresh and non-perishable food for the organization’s Food Program, including two community food pantries and two mobile…
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Philadelphia Mayor Taps into Entrepreneurial Wisdom of Firstrust Bank’s Richard J. Green
Philadelphia Mayor Cherelle Parker recently launched a new business-roundtable initiative that leverages the expertise and influence of prominent local leaders in order to capture the voice of the business community and ultimately improve the ease of doing business in Philadelphia. There are nine different sector roundtables, each focused on some industry or aspect of doing…
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