Banking & Finance
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C&N Donates $35,000 Through EITC Contributions to Addiction Treatment Center in Bensalem
C&N has donated $35,000 under the Educational Improvement Tax Credit (EITC) program to Libertae, an addiction treatment center in Bensalem. Libertae is one of a very small number of treatment programs in Pennsylvania dedicated to treating and supporting women with substance use disorders. With an emphasis on gender-informed treatment, Libertae strives to create an environment…
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Firstrust Bank Executive Chairman Richard Green Named of the 150 Most Influential Philadelphians
Richard Green, the Executive Chairman of the Board of Directors and Owner of Firstrust Bank, has been named one of the 150 Most Influential Philadelphians by Philadelphia magazine. Green is the only commercial banker to make the list. He and the other Philadelphians “who are doing amazing things in their field, for our city and…
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Student Loan Repayment Scams Are on the Rise
The U.S. Department of Education ended the three-year pause on student loan payments in August, and starting in October, payments have been due. Scammers are using the resumption of payments and confusion around new student loan forgiveness and repayment programs to try to steal your funds and personal information. How It Works If you’re about to…
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TruMark Acquires 8-Person Commercial Lending Team Led by Daniel Krewson
TruMark Financial Credit Union based in Fort Washington has added an 8-person commercial lending team from Citizens Financial Services to its roster, writes Jeff Blumenthal for Philadelphia Business Journal. The acquisition of the team led by Daniel Krewson will double TruMark’s own commercial lending department. Citizens Financial’s Daniel Krewson will now serve as TruMark’s director…
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WSJ: Philadelphia’s Republic First Set to Receive $35M Infusion After Agreeing Rescue Deal with Investor Group
Republic First Bancorp will receive a $35 million infusion after agreeing to a deal with a group of existing investors aimed at bolstering its finances, write Gina Heeb, Lauren Thomas, and Jonathan Weil for The Wall Street Journal. The investor group is led by George Norcross III, Philip Norcross, and Gregory Braca. The Philadelphia lender…
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What Is a Home Equity Line of Credit?
With interest rates reaching levels not seen in years, many consumers are taking a close look at their spending and borrowing needs to evaluate their options. One borrowing option that can be particularly valuable to homeowners is a Home Equity Line of Credit (HELOC). An optional feature to consider with most HELOCs that can be…
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Penn Community Bank Wins National Marketing Excellence Award
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has been selected by Business Intelligence Group as a recipient of the organization’s Public Relations and Marketing Excellence – External Campaign of the Year Award. The bank’s marketing department was recognized by the panel of business executives for its expansion of the ongoing “Start. Grow. Stay.” campaign.…
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Citadel Credit Union Gives $10,000 in Cash to Members Through Credit Card Sweepstakes
Citadel Credit Union has awarded 15 members cash prizes totaling $10,000 as part of its first annual Credit Card Spend & Get Sweepstakes. The Spend & Get Sweepstakes, which ran from June 15 through Aug. 31, provided members a chance to win cash just by using their Citadel credit card for everyday spending. For every…
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As Cybercrime Skyrockets, Firstrust Bank Leads the Charge in Cybersecurity
We are all under attack. Cybercrime is skyrocketing in the U.S., fueled by the ever-expanding realm of online services. This digital boom makes personal details — names, Social Security numbers, and birth dates — irresistible targets for hackers. Using this data on the dark web has become big business for cybercriminals. Meanwhile, small businesses are…
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How You Can Take Advantage of the Current Housing Market
Homebuyers are currently facing numerous challenges in the market, the two main challenges being home inventory and high interest rates. The lack of inventory is creating a competitive market for sellers, with many homes being sold over asking price. In fact, since 2020, the median home price has increased 26 percent. Inflated home prices combined…
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Citizens Bank Closing 4 Branches Inside Philly Area Supermarkets
Citizens Bank is planning on reducing its footprint in the Philadelphia area by closing four branches in local supermarkets, including one in Blue Bell, writes Jeff Blumenthal for Philadelphia Business Journal. In its filing with the Office of the Comptroller of the Currency, the bank, which is a subsidiary of Providence, Rhode Island’s Citizens Financial…
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WSFS Bank’s Candice Caruso Named One of the Philadelphia Business Journal’s 2023 Women of Influence
Candice Caruso, Senior Vice President and Chief Consumer Lending Officer at WSFS Bank, has been named one of the Philadelphia Business Journal’s 2023 Women of Influence. Each year, the publication honors a group of women who are leaving a mark on Greater Philadelphia in their own unique ways. Caruso has been a transformative figure in…
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WSFS Bank Joins Forces with Sharing Excess and Sunday Breakfast Mission to Battle Food Insecurity Across Region
WSFS Bank has launched its annual Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking offices in Delaware, New Jersey, and Pennsylvania will serve as deposit centers for nonperishable donations from WSFS associates, customers, and community members through Dec. 31. WSFS officially kicked off the Food Drive last week…
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‘Fusing Fandom with Personal Finance,’ Firstrust Bank Launches Kelly Green Debit Cards for Eagles Fans
As the Eagles gear up to don their nostalgic Kelly Green jerseys against the high-powered Miami Dolphins on Oct. 22, fans now have a new way to flaunt their team spirit. In their wallets. Firstrust Bank, the Official Bank of the Philadelphia Eagles, has launched a Kelly Green debit card exclusively for Eagles FirstPay Checking…
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Money Management for Millennials: Simple Steps for Creating Long-Term Wealth
Wealth-building strategies matter a lot to millennials — and for a good reason. This generation was born between the early 1980s and the mid-1990s, so the oldest are now in their early 40s and the youngest are nearing the end of their 20s, placing them in the prime of their working years. Millennials face challenges…
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Citadel Credit Union Finds Its New President, CEO
Citadel Credit Union, one of the largest credit unions in Pennsylvania with more than $5.7 billion in assets, has named Bill Brown its President and Chief Executive Officer. Brown succeeds Jeff March, the company’s longtime leader of 22 years, who will remain on the leadership team at Citadel during a transition period. With more than…
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Penn Community Bank Deepens Relationships with Customers, Local Businesses
Penn Community Bank has hired a new cash management leader and expanded treasury and merchant services to strengthen relationships with customers and local businesses. Michelle Brennan is a graduate of York College and has over a decade of industry experience. She will serve as the Cash Management Sales Team Leader. “I’m excited to be a…
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Penn Community Bank CEO One of 2023’s Most Powerful Women to Watch, According to American Banker
Jeane M. Vidoni, president and CEO of Penn Community Bank, has been named one of the Most Powerful Women to Watch by American Banker. The Most Powerful Women initiative recognizes individuals and groups who have shown exceptional leadership skills and successful performance in financial services, and who are committed to improving diversity, equity, and inclusion…
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