Banking & Finance
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A Big Tax Write-Off for Small Business: What Is IRS Section 179?
Today’s economy is creating challenges for many small businesses. Many things seem to be changing quickly. But one important thing has not changed: Section 179 of the IRS Tax Code. When small businesses use financing to reinvest in their business by purchasing certain categories of equipment or software, they can take advantage of a powerful…
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Ambler Savings Bank Sponsors Inaugural ‘Do Better 4 Steve’ 5K with $5,000 Matching Grant
On Oct. 29,140 runners crossed the finish line at Wissahickon High School for the first ever Do Better 4 Steve Fearless 5K. All proceeds from the event go to disabled and disadvantaged kids in and around the Ambler and Wissahickon School District. Over $20,000 was raised from the runners, sponsors, and a $5,000 matching grant…
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C&N Donates $20,000 Through EITC Contributions to YMCA of Bucks and Hunterdon Counties
C&N recently donated $20,000 to YMCA of Bucks and Hunterdon Counties under the Educational Improvement Tax Credit Program (EITC). YMCA of Bucks and Hunterdon Counties is a charitable, nonprofit organization committed to strengthening its communities through membership and programs that foster youth development, healthy living and social responsibility for all. This donation will be used…
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Penn Community Bank Helps Community College Apprentices MAP Out Their Professional Futures
Penn Community Bank has contributed $25,000 to Montgomery County Community College (MCCC) in support of its Workforce Development Division’s new MontcoWorks Apprenticeship Program (MAP). MAP is an earn-while-you-learn program that offers MCCC students the opportunity to gain in-demand workforce skills and college credits at no cost. Apprentice-students train alongside experienced professionals, receiving mentorship and guidance…
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Hear! Hear! ‘Start Here. Grow Here. Stay Here,’ Penn Community Bank Campaign, Wins Branding Award
Penn Community Bank has been selected by Business Intelligence Group (Beverly, N.J.) as a recipient of its Public Relations and Marketing Excellence – External Campaign of the Year award. The bank’s Marketing Department earned the praise from the panel of business executives for its Start Here. Grow Here. Stay Here. campaign and its Day of…
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Having Gained a Toehold in the Lehigh Valley Market, Penn Community Bank Adds Staff to Secure It
Penn Community Bank is continuing its Lehigh Valley market entry with the addition of a new team of bankers and lenders with deep connections to the region. Marcus Pereria Allentown Branch Manager With nearly 20 years of banking experience, Pereria joins Penn Community Bank with deep personal and professional roots in the Lehigh Valley. An…
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Penn Community Bank Realigns to Maximize Effectiveness in a Post-Pandemic, Transitioning Economy
A Penn Community Bank organizational realignment — comprising several recent promotions — will help the institution operate cross-functionally and synchronously. Its leaders see these two characteristics as vital to serving the needs of a post-pandemic, transitioning economy. The internal shifts, taking effect Jan. 1, 2023, are: The promotion of Randy Stradling from Senior Credit Officer…
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Penn Community Bank Contributes $15,000 to Habitat for Humanity of Montgomery and Delaware Counties
Penn Community Bank has contributed $15,000 to Habitat for Humanity of Montgomery and Delaware Counties (Habitat MontDelCo). The donation aligns with its home-ownership programs: Home Buying, Almost Home Financial Empowerment, and Neighborhood Revitalization programs. Home Buying The Home Buying Program serves residents earning 30–80 percent of the median income with significant housing needs. Habitat MontDelCo…
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For Retirees, Some Welcome Social Security and Other Benefits Increases to Help Ease Impacts of Inflation
With inflation at multi-decade highs, retirees are feeling the squeeze as they grapple with the effects of rising prices on gasoline, housing, medical expenses, and groceries, to name a few. With the Federal Reserve aggressively fighting inflation by raising short-term interest rates, both the stock and bond markets have experienced substantial declines, adding further stress…
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Citadel Credit Union to Give Away Signed Bryce Harper Jersey as Part of Philadelphia Red Pride Sweepstakes
With the entire Delaware Valley swept up in baseball fever, Citadel Credit Union is excited to give away a signed Bryce Harper jersey as part of its Philadelphia Red Pride Sweepstakes. To enter the sweepstakes, you must: Follow @CitadelBanking. Like and share this Instagram post to your story. Tag five friends in the comment section…
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Penn Community Bank Partners with Philadelphia Financial Counseling Firm on Home Ownership Initiative
Penn Community Bank has partnered with Clarifi — a Philadelphia financial counseling organization — to bolster financial literacy as a means of expanding homeownership opportunities in the city. Rapidly rising housing prices, broad inflation, and interest rate hikes have all left their mark on the nation and local communities. Pathway to Intergenerational Wealth Homeownership, the…
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Penn Community Bank Solidifies Its Commitment to Quality, Corporate Responsibility
Recognizing that the current business environment is amid an operational sea change, Penn Community Bank has formalized its structure to ensure meaningful and tangible connections to the areas it serves. In doing so, it has created a new corporate role — a Chief Quality Management Officer — as a means of not only being an…
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Firstrust Bank Gives Area Eagles Fans One More Reason to Root for High-Scoring Victories
The interest annual percentage yield of a Firstrust CD has the potential to benefit purchasers based on the performance of the undefeated 2022 Eagles. The bank’s Phila. Eagles Touchdown CD is a seven-month Certificate of Deposit with an annual percentage yield of three percent (currently) on a $2,500-minimum initial purchase. From there, the score of…
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Penn Community Bank’s Bernard Tynes Explains Corporate Commitment to ‘Greater Good Banking’
Penn Community Bank has sharpened its long-standing, deep-seated commitment to the neighbors and families it serves in a business initiative branded “Greater Good Banking.” Bernard Tynes has been promoted to EVP/Chief Marketing and Impact Officer to lead the effort. His repositioning is part of an institutional realignment of top executives and departments to meet the…
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Meridian Bank Supports Opening of First All-Ages Community Center
While Meridian Bank offers a full range of banking services and specializes in commercial as well as residential loans, the bank is also an active member within the community that takes care to join in local events. Meridian Bank CEO Chris Annas participated in the ribbon-cutting ceremonies for the opening of the ACCESS Community Center…
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Ambler Savings Bank Employees Spend Day Off at Camp — Not Lounging but Cleaning and Maintaining
Carrying on the community banking value of service, employees of Ambler Savings Bank spent a day working at the 77-acre camp offered by Variety, the Children’s Charity of the Delaware Valley. Variety is renowned for its summer camp and vocational programming for children and young adults with disabilities. “We appreciate the support from Ambler Savings…
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Huntingdon Valley Bank and First Citizens Sign ‘Definitive Agreement’ on Joint Merger
The parent company of Huntingdon Valley Bank, HV Bancorp. Inc. (HVBC), has announced the financial institution’s signing of a “definitive agreement” to jointly merge with Citizens Financial Services, Inc. (CZFS), the holding company of First Citizens Community Bank (FCCB). The merger is expected to enhance and expand CZFS’s presence in Montgomery, Bucks, and Phila. counties,…
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WSFS Bank Teams Up with Sharing Excess and Sunday Breakfast Mission to Fight Food Insecurity Across Region
WSFS Bank has launched its annual Fall Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking office locations in Delaware, New Jersey, and Pennsylvania will serve as food deposit centers for WSFS associates, customers, and members of the community to donate nonperishable food items through Dec. 31. According to…
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