Banking & Finance
-
Initial Decision to Cut Popular Health Benefit Yields Question for Vanguard: Who Made the Call?
Earlier this month, Vanguard made a controversial decision to cut some retiree medical benefits, and in the aftermath, chain-of-command questions are arising, writes Erin Arvedlund for The Philadelphia Inquirer. The move was met with extremely vehement pushback from the Malvern-based investment giant’s current and former employees. They see the firm’s generous benefits package as compensation…
-
Equestrian-Friendly Malvern Bank Sponsors Exhibitors Lounge at 2021 Pennsylvania National Horse Show
Malvern Bank, National Association has joined forces with the law firm Greenberg Traurig to sponsor the exhibitors lounge at the 2021 Pennsylvania National Horse Show. Held Oct. 14-23 at the Pennsylvania Farm Show Complex in Harrisburg, the Pennsylvania National Horse Show hosts the country’s top competitors in one of the largest indoor horse shows. Proceeds…
-
1st Colonial Community Bank Hosts Ribbon-Cutting and Grand Opening Ceremony for Limerick Branch
1st Colonial Community Bank, one of Southern New Jersey’s most prominent local banks, is officially celebrating its expansion into Eastern Pennsylvania. The bank has long been a staple in South Jersey, with branches in Collingswood and Westville, and for two decades has offered a full suite of financial services for personal and business banking. They…
-
Penn Community Bank General Counsel Stephanie M. Schwartzberg Honored by YWCA of Bucks County
Penn Community Bank is pleased to announce that Stephanie M. Schwartzberg, Esq., Executive Vice President and General Counsel, has been recognized by the YWCA of Bucks County for her work on women’s empowerment in the region. The honor, part of the Salute to Women Who Make a Difference awards program, specifically celebrates Schwartzberg’s mentorship of…
-
Malvern Federal Charitable Foundation Grants $68,500 to 13 Nonprofits
The Malvern Federal Charitable Foundation, the charitable arm of Malvern Bank, has made grants totaling $68,500 to 13 nonprofits. The grants were made possible in part through the proceeds of the foundation’s inaugural Charity Polo Match held last month at the Brandywine Polo Club in Toughkenamon. Proceeds benefited the following nonprofits in Malvern Bank’s service…
-
Penn Community Bank to Deepen Montgomery County Footprint with High-Tech Lansdale Branch in 1Q22
Penn Community Bank is proud to announce its 1Q22 opening of a state-of-the-art bank branch and business center with innovative design in Lansdale. The new office — located at 490 Forty Foot Road — will expand the institution’s presence in Montgomery County and bring values-driven banking, lending, cash management, and investment services to businesses and…
-
Meridian Bank Again Earns ‘Sm-All Star’ Status as Top-Performing Bank
For the second year in a row, Meridian Bank has earned a spot on Piper Sandler’s ‘Sm-All Star’ list, a line-up of top-performing U.S. small-cap banks. Piper Sandler, a middle-market investment bank and institutional securities firm, publishes this list annually in order to “uncover the next crop of stellar mid-cap banks before they are discovered…
-
Penn Community Bank Weaves Acts of Kindness into Bristol Branch Ribbon-Cutting Event
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, celebrated the completion of its Bristol branch renovation with an October 13 ribbon-cutting ceremony. The construction project is one of an ongoing series of refreshes that the bank is bringing to its branch system. The high-profile location of this branch, on Mill Street in…
-
Think You Can Recognize a Phone Scammer? Think Again
Phone scams are on the rise, with billions of robocalls targeting U.S. citizens each month. An estimated 1 in 3 Americans admit they’ve fallen victim to a phone scam in the past year. The numbers are staggering and can lead to significant losses to those who fall prey. From your financial partners at Benchmark Federal…
-
Household Finances: Do Montco Tenants Carry the Most Rent Debt?
Rent debt currently being borne by most Philadelphia suburban tenants is higher than national average, writes Taylor Allen for Yahoo News. All four collar counties have higher rent debts than Philadelphia itself, which currently stands at $2,300. Montgomery County has the highest average estimated household rent debt among the four counties, at $3,000. The amount…
-
Vanguard CEO on Abrupt Medical Benefit Cuts: ‘We Missed the Mark’
Vanguard CEO Tim Buckley issued an apology last week to current and retired employees over the company’s cutting of key medical benefits with no notice, writes Erin Arvedlund for The Philadelphia Inquirer. “I sincerely apologize for the anxiety and stress this decision has caused,” he said. “We know we missed the mark. I can assure…
-
Ambler Savings Bank Matches Business Community Donations for Hurricane Ida Relief, Bolstering the Community with $34,500 in Support
Ambler Savings Bank doubled the Hurricane Ida relief efforts raised by the Ambler Main Street business association. In doing so, its contribution enabled a total of $34,500 in aid to go to home- and business-owners still recovering from the storm. The support was made available to recipients through the Upper Dublin Township Citizen Emergency Fund…
-
Vanguard Reverses Decision to Terminate Popular Medical Benefit for Current, Retired Employees
Within a day of its announcement, Malvern-based investment giant Vanguard reversed its decision to terminate a popular medical benefit. Many of its current and past employees depend on the company perk to mitigate healthcare costs, writes Erin Arvedlund for The Philadelphia Inquirer. Vanguard first said the retiree medical account (RMA) benefit would be removed on…
-
Customers Bank Director of Multicultural Banking Announced as Congreso de Latinos Unidos New Board Chair
Mr. Miguel Alban is a Senior Vice President and Director of Multicultural Banking for Customers Bank and has been welcomed as the new Board Chair at Congreso. Mr. Alban previously served on their board for 3 years and was the recipient of the “40 Under 40″ award in 2021 by Al Día News. Mr. Alban…
-
C&N Energizes Its Customer Base with Celebrate Summer Sweepstakes, Gives Away $15,000
C&N has awarded three lucky customers $5,000 each in its Celebrate Summer Sweepstakes, held June through August. After a year of pandemic hardships, C&N energized its customer base this summer with an exciting sweepstakes promotion, whereby a lucky winner was chosen each month to receive $5,000. Participants were automatically entered when they opened a new…
-
Customers Bank CEO and President Sam Sidhu Shares Executive Insights
Sam Sidhu, the new CEO and President of Customers Bank, spoke with Sandy Smith, Market President and Publisher of the Philadelphia Business Journal, about his plans for the bank’s expansion and other news during a feature video that is part of the Philadelphia Business Journal’s Executive Insights series. The one-on-one interview introduced Sam Sidhu to…
-
Amid Rampant Career Twists and Turns, Vanguard Introduces Auto-Portability Service for 401(k) Clients
Malvern-based Vanguard Group has partnered with Retirement Clearinghouse to introduce an auto-portability service for its 401(k) clients, writes Jeff Blumenthal for the Philadelphia Business Journal. The capability enables 401(k) participants to move accounts automatically from a former employer to a present employer. The investment management giant engaged the fintech company to provide plan sponsors using…
-
Pandemic Banking: Migration to Online Transactions Surprisingly Hasn’t Caused a Regional Run of Montco Bank Branch Closures
While the pandemic has accelerated the transition from brick-and-mortar to digital banking, the online trend hasn’t led to widespread bank branch closures in the Philadelphia region. In fact, overall branch counts in the area are down just three percent in a year-over-year analysis ending in June. Jeff Blumenthal reported the details for the Philadelphia Business…
Founding Partners
Advertisement
Affiliate Partners
Community Partners
