Banking & Finance
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Customer Satisfaction on Malvern Federal Savings Bank’s CEO’s Mind as Listening Tour Kicks Off
Malvern Federal Savings Bank CEO Anthony C. Weagley and SVP Sally Lawson will embark on a Listening Tour beginning Wednesday at the Berwyn Financial Center. The Listening Tour will introduce the bank’s wealth management platform, and provide the bank’s leaders an opportunity to hear from clients to ensure they are receiving the best customer service.…
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Royal Bancshares Ditches Last of Its TARP Baggage, Looks to Future Growth
Royal Bancshares of Pennsylvania is rowing closer to sunny shores this week. After the Narberth financial institution first took on water back in 2009 and endured 19 straight quarters of drifting, it has finally bailed the last of its $30.4 million in principal obligations and additional dividends to the federal Troubled Asset Relief Program. Royal…
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Malvern Federal Savings at Forefront of Women in Banking Revolution
Banking and finance is one of several industries across the economic landscape whose cultures are rooted in traditions of the past. Which is why women who work in this field primarily gravitate toward the retail side, as opposed to the lending side. The Harrisburg-based Pennsylvania Bankers Association said that only 37 percent of all commercial…
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Merion’s Crusader Against Financial Abuse of Elders Joins EverSafe
Liz Loewy, the Merion native who became famous after convicting the son of socialite and philanthropist Brooke Astor for financial abuse of elders, will continue to fight the good fight at EverSafe, the company that helps prevent financial crimes against seniors, writes Erin Arvedlund for the Philadelphia Inquirer. The start-up firm is the new home…
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Fort Washington’s Ditech Financial Hosts Home Repair Events Across the Nation
Ditech Financial, a Fort Washington-based lender and servicer of residential mortgages, is hosting a series of events with the housing nonprofit Rebuilding Together to provide critical home repairs to low-income residents throughout the United States. “Here at Ditech, helping people fulfill their dreams of becoming homeowners is the motivation behind our work, day in and…
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Bryn Mawr’s American College of Financial Services Joins Task Force on Retirement Planning
The Bryn Mawr-based American College of Financial Services, the nation’s largest nonprofit educational institution devoted to financial services, and the Funding Longevity Task Force have announced a partnership designed to expand the body of knowledge on issues related to reverse mortgages and home equity in retirement planning. Since its inception in 2012, the Task Force…
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Huntingdon Valley Bank Prepping to Go Public
Huntingdon Valley Bank is throwing open the doors to its vault — so the community can bring money in, not take it out. It’s going public in a conversion from a mutual bank to a shareholder-owned institution in hopes of raising more capital. Despite a legacy that extends back to 1871, Huntingdon Valley Bank has…
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TruMark Financial Brings More Business to Montco, Scoops Up Dow Northeast
In the wake of the mammoth merger between DuPont and Dow Chemical Co., TruMark Financial Credit Union is taking care of the financial affairs of the chemical maker’s employees. TruMark has just acquired Dow Northeast Employees Federal Credit Union, which has offices in Collegeville and Center City, according to a Philadelphia Business Journal report by…
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Valley Green Bank Branches to Be Rebranded by Souderton’s Univest
Early next year, Souderton’s Univest will be rebranding the Valley Green Bank locations it purchased in 2015, writes Jeff Blumenthal for the Philadelphia Business Journal. The Montgomery County bank has been continuing to use the Valley Green name for the branches that it acquired in January 2015. However, when the two-year transition period expires, they…
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Upper Dublin Native Named Managing Partner of WeiserMazars’ Local Office
Upper Dublin native Kirk Eldridge has been named WeiserMazars’ Managing Partner for Pennsylvania, writes Jeff Blumenthal for the Philadelphia Business Journal. The New York accounting firm has expanded into Pennsylvania through the acquisition of Horsham’s Fishbein & Co. and the addition of 35 local professionals from the disintegrating LECG. Eldridge, who is an Elizabethtown College…
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Moody’s Says Montgomery County in Healthy Financial Position
Moody’s, one of Wall Street’s biggest ratings firms, says Montgomery County is in a healthy financial position and has given it Aa1 rating, writes Brian McCrone for NBC10. The rating by Moody’s, which is its second highest grade, comes as the county is issuing two general obligation debt bonds totaling $51 million. The issue will…
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Conshohocken Veteran Says Military Experience Helped in Becoming Successful Financial Advisor
After serving in the military, veterans who have transitioned into financial advising like Conshohocken’s Sean Pearson are finding that their Armed Forces experience really helps, writes Morey Stettner for Investor’s Business Daily. Pearson is a certified financial planner who has served in the Pennsylvania National Guard for 19 years. For him, being in the military…
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President of Hatboro Federal Savings Recalls Climb from Bank Teller to CEO
Linda Roehner started work as a teller at Hatboro Federal Savings two days after graduating from high school and has worked her way up to become the President and Chief Executive of the bank, writes Jane Von Bergen for the Philadelphia Inquirer. “You name it. I did it,” said Roehner. “Teller, accounting, loan servicing.” Roehner…
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Ardent Credit Union Breaks Ground on New Flagship Location in Oaks
Ardent Credit Union recently held a groundbreaking ceremony at its soon-to-be flagship location, scheduled to be completed by the first quarter of next year in the Oaks Shopping Center. Distinguished guests included Pennsylvania State Representative Warren Kampf, Vice President of the Black Rock Volunteer Fire Department Matt Wanamaker, and Phoenixville Area Community Services representative Donna…
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First Priority Financial Appoints Mary Ann Messmer to Its Board
First Priority Financial Corp., parent company of First Priority Bank, recently announced that the Corporation has named Mary Ann Messmer to the board of directors for the Bank effective immediately. Messmer, who had served in a similar board capacity for the Bank from 2006-2012, is currently Executive Vice President, Private Banking of First Priority Bank,…
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Malvern Bancorp Posts Strong Third-Quarter Results
Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported strong results for the third quarter of 2016 with net income of $1.6 million or $0.25 per share for the period, an increase of 31.9 percent over the same quarter last year. In fact, for the nine months ended June 30, 2016, net income…
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Bryn Mawr Bank Corporation Reports Second-Quarter Increases
The Bryn Mawr Bank Corporation reported net income of $8.9 million and diluted earnings per share of $0.52 for the second quarter, as compared to $8.3 million, or $0.49 diluted earnings per share for the first quarter. “The results for the second quarter are promising, with the full effect of the first quarter loan growth…
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Narberth’s Royal Bancshares Offering Mortgages for First Time
Narberth-based Royal Bancshares, the parent company of Royal Bank America, is dipping a toe in new waters by entering the residential and refinanced mortgage business for the first time, writes Jeff Blumenthal for the Philadelphia Business Journal. The bank started taking applications in its branches this week, and will act as a mortgage broker under…
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