Business
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Gov. Wolf looks to advisers on possible $1.25B PLCB loan
The Pennsylvania Liquor Control Board on Friday voted to hire financial and legal advisers to help pursue Gov. Wolf’s proposal to borrow $1.25 billion against future profits of the state’s alcoholic beverage monopoly, even as those profits are under pressure, writes Harold Burbaker for philly.com. Public Financial Management Inc. was hired to provide financial advice…
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Family succession secured at Firstrust Bank
Richard J. Green, chairman and CEO of Firstrust Bank, has acquired the majority voting shares and control of the institution from his father, Daniel. The move, made Sept. 27, was part of what the bank describes as an “orderly transition of Firstrust’s family ownership,” writes Jeff Blumenthal for the Philadelphia Business Journal. Firstrust, with headquarters…
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NATIONAL SPOTLIGHT: CNN receives permission to fly drones over crowds
As they become more ubiquitous, the sound of a drone overhead isn’t nearly as alarming as it once was, perhaps leading the way for a new FAA decision to allow them in news gathering. CNN said Wednesday it has received permission from the Federal Aviation Administration to fly drones directly over people, allowing the news network…
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Wells Fargo ATMs going cardless
Wells Fargo said Tuesday that it has added hardware to 40 percent of its ATMs with “tap and pay” technology that relies on customers using smartphones, mobile wallet and their PIN, writes Mark Calvey for the San Francisco Business Times. The San Francisco-based bank plans to upgrade all 13,000 of its ATMs with the near-field…
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Fraud case to cost Wilmington Trust $44M
Wilmington Trust Corp. agreed to pay $44 million to settle a federal criminal securities fraud case, accepting the terms shortly before the start of a jury trial in U.S. District Court in Wilmington, where the bank and four top executives were accused of concealing from the investing public and bank regulators problem loans that ultimately…
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TruMark Financial opens student branch on La Salle University campus
LaSalle students now have the opportunity to learn about finance without having to pay for credit hours. Pennsylvania state representatives Michael Driscoll, Kate Harper, Joanna McClinton and Madeline Dean, La Salle University President Colleen M. Hanycz, La Salle Board of Trustee Chair Stephen Zarrilli, TruMark Financial Board of Directors, and representatives from both organizations attended…
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Moody’s upgrades Montgomery County’s outlook to ‘positive’
Moody’s Investors Service has upgraded Montgomery County’s outlook to “positive” and has reaffirmed its Aa1 bond rating. The report noted that “Montgomery County benefits from strong management that adheres to fiscal policies, multi-year budgeting, and long term capital planning, according to a press release from the county. Moody’s further noted that the upgraded outlook from…
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Malvern Bancorp Receives Exclusive National Recognition from Sandler O’Neill
The Malvern Bancorp has been named to the exclusive “2017 Bank & Thrift Sm-All Stars” list, from Sandler O’Neill + Partners, as a top-performing, publicly traded bank in America. Sandler O’Neill evaluated 404 publicly traded banks and thrifts with a market capitalization below $2.5 billion, and identified the nation’s 29 top-performing, small-cap banks and thrifts.…
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MONTCO Careers – Radial, Inc.
Headquartered in King of Prussia, Radial, Inc. is a multinational e-commerce company, providing order management, payment processing, order routing, fulfillment, and analytics services for companies such as GameStop, DSW, Shoe Carnival, and Destination XL. Client Finance Lead This position supervises a team of one to three accountants and directs, supervises, and monitors staff, analyzes monthly revenue compared…
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MONTCO Careers – SofterWare
Headquartered in Horsham, SofterWare is a Microsoft Certified Development Partner that specializes in developing software for vertical markets – primarily nonprofit organizations, private and public schools, childcare centers, and camps. EZ Sales Account Manager This position manages opportunities in an assigned geographic territory, effectively evaluates prospect needs and recommends appropriate software solutions, and prepares quotes and proposals…
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MONTCO Careers – DataBank
With an administrative office in King of Prussia and a location in Huntingdon Valley, DataBank is North America’s leading, end-to-end business process solution provider with decades of experience in BPO, ECM, document scanning, professional services and more. Accounting Manager This position oversees daily transactions including accounts payable/receivable, general ledger, and bank reconciliations, monitors the daily performance of…
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Five-Time Grammy Nominee to Headline Pottstown Concert Celebrating Citadel’s 80-Year History
Whereas steel is undoubtedly Coatesville’s No. 1 export, Citadel may rank as its second. And it’s not a coincidence that the two are inextricably linked. Citadel was founded in South Coatesville in 1937 as a credit union for employees of Lukens Steel, which provided the foundation to countless American structures, including the St. Louis Arch…
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BB&T’s Evolution Continues as It Seeks to Improve Efficiency
BB&T, which recently entered the Philadelphia market after acquiring Susquehanna Bancshares and National Penn Bancshares, will be closing 140 locations nationwide this week including some nearby branches, writes Jeff Blumenthal for the Philadelphia Business Journal. According to the company’s CEO, Kelly King, the branch closures represent around six percent of the bank’s entire network. “For…
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VFTCB Announces Date, Location for Annual Membership Luncheon
The Valley Forge Tourism and Convention Board has announced the date for its Annual Luncheon, which will take place on Friday, Oct. 27. The event will be the first of its kind at the new Health Sciences Center at Montgomery County Community College, a new state-of-the-art venue on the Blue Bell Campus. A post-event reception…
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SEI Partners with Art Ability at Bryn Mawr Rehab to Celebrate Artists with Disabilities
SEI has announced a partnership with Art Ability, an organization that serves as a unique and accessible venue for artists with disabilities, to display and sell their work. Approximately 80 pieces, submitted by artists from around the world, are on display at SEI’s Oaks campus and available for purchase. The installation will continue through January…
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MONTCO Careers – Unisys
Headquartered in Blue Bell, Unisys is a global information technology company that works with many of the world’s largest companies and government organizations to solve their most pressing IT and business challenges. Sr. Associate, Investor Relations This position develops and maintains financial comps and other financial analytics, drafts, edits, and distributes all types of communications, and assists…
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Malvern Federal Provides Financial Solutions Geared to Equestrian Market
Malvern Federal Savings Bank has announced the establishment of a new equestrian business focus. The bank will offer horse owners, horse farms, and other equestrian-related clientele private banking and wealth management services, including deposit solutions, investment management, credit solutions, and self-direct IRAs. The bank’s newest representative office – located in the heart of Palm Beach,…
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Univest Bank Signs Corporate Partnership with Saint Joseph’s University
The Souderton-based Univest Bank and Trust Co. has signed a multi-year agreement to become a presenting partner of Saint Joseph’s University’s athletics program. “We have always been committed to building meaningful relationships with local organizations, and our partnership with Saint Joseph’s University is especially exciting as we have the opportunity to engage with basketball fans…
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