Business
-
Montco acquisition leads Herbein & Co. to largest regional firm status
Reading-based accounting firm Herbein & Co. has pushed farther into the Philadelphia market by acquiring Gable Peritz Mishkin (GPM), a firm with locations in Spring House, Pa. and Marlton, N.J. The deal adds five partners, 24 total employees and about $5 million in annual revenue to Herbein & Co, which had 20 partners, 175 employees…
-
LodeStar Firearms hopes to develop new smart gun by next year
“My first brush with a gun accident was when I was living in Texas, maybe 15 years ago,” said Gareth Glaser, 65. “One of my colleagues who worked for me was at a barbeque with her 10-year-old. And Texas, it’s got a culture of, I wouldn’t say the Wild West, but gun ownership is fairly…
-
WSFS Bank bucking tax-reform trend
Banks are still figuring out how to use the financial windfall coming from the passage of tax reform bill signed into law last month. Most have included enhanced compensation packages for employees, either through one-time bonuses or salary increases. One notable exception is WSFS Financial Corp. (NASDAQ:WSFS), which took several actions including: writing down a deferred tax…
-
Bryn Mawr Bank launches multicultural initiative
Bryn Mawr Bank Corporation, parent of The Bryn Mawr Trust Company, recently announced the appointment of Miguel Alban as Vice President of their multicultural banking initiative. Effective January 2, 2018, Mr. Alban will report directly to Anthony Poluch, the bank’s CRA Officer, under the leadership of Joe Keefer, Executive Vice President. “The Delaware Valley is a diverse…
-
Prosecutors seeking $491M from Main Line lender
How much should a racketeering conviction cost a man who for years flouted state laws and preyed upon cash-strapped Americans to build one of the nation’s largest illegal payday-lending empires? More than $491 million, if the government has its way. That’s the sum federal prosecutors in Philadelphia hope to recoup next month from Charles M. Hallinan, the so-called…
-
Blue Bell financial planner describes retirement as ‘lifestyle change’
My college roommate, Molly, recently invited me to a mini reunion to mark the 50th anniversary of our high school graduation. Inevitably, the conversation turned to retirement: who was thinking about it, who had done it, how it was working out, writes Janet Bodner for nasdaq.com. One classmate, Marie, had retired as a school psychologist.…
-
National Spotlight: Bitcoin continues downward spiral
Bitcoin plunged by more than $2,500 Friday to extend its four-day slide to 31 percent as the frenzy surrounding digital currencies faced one of its biggest tests yet. The world’s largest cryptocurrency sank below $13,000 as this week’s selloff entered a fourth day with increasing momentum. Other cryptocurrencies also tumbled, with bitcoin cash crashing 35…
-
Bryn Mawr Bank completes $138.5M purchase of Narberth-based Royal Bank
Bryn Mawr Bank Corp. closed its acquisition of Royal Bancshares of Pa. Friday and named Royal CEO Kevin Tylus to the newly created position of president of bank subsidiary Bryn Mawr Trust Co. The all-stock transaction was originally priced at just below $128 million when announced in January. But upon closing, it was valued at $138.5…
-
Nearly everything you need to know about Bitcoin
Bitcoin, the privatized digital currency, regained much of its value after plunging 20 percent, climbing back to nearly $10,500 by mid-afternoon a couple of weeks ago, and topping $11,000 again last week. The cryptocurrency’s rocketing ride shows no sign of slowing. And opinions about the Bitcoin phenomenon vary as wildly as its price, writes Sam Wood…
-
Pennsylvania’s stable credit rating might not last
A rating agency has deemed Pennsylvania’s credit stable. That’s an improvement from several months ago, when the commonwealth received a downgrade from a different agency in the midst of an extended budget impasse, writes Katie Meyer for Philadelphia Business Journal. [uam_ad id=”54865″] But it doesn’t mean the fiscal woes are over. Even though Fitch Ratings has taken Pennsylvania…
-
Bryn Mawr Trust to acquire Royal Bank
Bryn Mawr Bank Corp. has received final regulatory approval to acquire neighboring Royal Bancshares of Pennsylvania, CEO Frank Leto said, setting up the soon-to-be combined company to make changes to its physical footprint along the Main Line and its staff. The Federal Reserve signed off on the transaction, priced at almost $128 million when announced in January, on Thursday…
-
Citadel Credit Union presents Citadel Palooza proceeds to Children’s Hospital of Philadelphia
Citadel Credit Union recently presented a check for $55,000 to the Children’s Hospital of Pennsylvania. The donation represents 100 percent of the funds raised by the inaugural Citadel Palooza, the country music festival held Oct. 7 at Pottstown’s Memorial Park, writes Donna Rovins for The Mercury. [uam_ad id=”54865″] More than 2,000 people attended the first…
-
Vanguard Group testing new waters
Vanguard Group, the Malvern-based investment giant that manages close to $5 trillion in clients’ money, said Tuesday that it has registered a plan with the Securities and Exchange Commission to sell its first actively managed U.S. exchange-traded funds, starting next year. The funds will be targeted to “factors,” or investing trends, such as recent high share prices (a “Momentum”…
-
Archdiocese of Philadelphia records operating loss
The Archdiocese of Philadelphia on Monday reported a $1.7 million core operating loss in the year ended June 30, up from a comparable figure of $300,000 the year before, but the church’s Office for Financial Services said it made significant progress on fulfilling long-term obligations, writes Harold Brubaker for philly.com. [uam_ad id=”54865″] Besides establishing a…
-
Facebook takes aim at Yelp, Foursquare
IT SEEMED LIKE only a matter of time until Facebook figured out how to kill Yelp and Foursquare. The company’s been experimenting around the edges for years: It’s offered food ordering within Facebook, a “Professional Services” portalfor finding nail salons and plumbers on Facebook, even ways to pay for stuff on the social network. And Facebook always had one huge, seemingly unshakable…
-
Tracy Davidson to kick off Fierce Finances for Females
A night dedicated to females and the various aspects of financial empowerment awaits. Being prepared and having a plan is critical to financial success and stability. Most people do not properly plan for death, divorce, job loss, retirement and other transition times. Your host Julia Brufke Wenger has assemble several specialist in their respective fields…
-
Genisphere raises $7M to advance nanotechnology platform
The Montgomery County life sciences company raised $7 million through private financing. The Hatfield, Pa. company plans to use the bulk of funding to advance its 3DNA nanotechnology platform for targeted drug delivery, writes John George for the Philadelphia Business Journal. [uam_ad id=”54865″] The 3DNA platform — which involves the creation of a nanoscale scaffold made from proprietary, synthetic…
-
NATIONAL SPOTLIGHT: JPMorgan Chase launches app aimed at millennials
There’s an app for that! In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices, writes David Henry for reuters.com. [uam_ad id=”54865″] The app,…
Founding Partners
Advertisement
Affiliate Partners
Community Partners
