Business
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Montgomery County Leadership: David E. Sparks, Chairman and Founder of First Priority Bank
MONTCO Today speaks with David E. Sparks, Chairman and Founder of First Priority Bank and Chairman and CEO of First Priority Financial Corporation about growing up in Upper Merion when farms, instead of malls and shopping plazas, lined Route 202, playing varsity basketball in high school and then college, running a string of 24 officers’…
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Unisys Reports Strong Cash Flow Growth for Third Quarter
Blue Bell’s Unisys, the global information technology company, has announced strong cash flow growth in its third quarter 2016 report. Operating cash flow grew by $87 million compared to $43 million last year and its adjusted free cash flow for the third quarter grew by $105 million year-on-year. This marks the fourth consecutive quarter of…
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Lower Merion, NBA Star Kobe Bryant Enters Venture Capital Arena
NBA all-star and Lower Merion High School graduate Kobe Bryant has decided to enter the venture capital arena after retiring from his two decade long professional basketball career with the Los Angeles Lakers, according to a staff report from Philadelphia Business Journal. Bryant is planning to launch a venture capital fund with tech entrepreneur Jeff…
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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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West Conshohocken Startup Promises to Shake Up Beer Industry with New Technology
TAPP Technologies, the West Conshohocken startup, has come up with a “smart tap” technology which has the potential to shake up the traditional marketing models of beer companies by transferring consumption data from the very moment a bartender takes an order, writes Alison Burdo for Philadelphia Business Journal. “There has been no technology innovation in…
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New Unisys Software Facilitates Crime Intelligence Sharing
To help expediate the capture of criminals, Unisys has released the Unisys Digital Investigator, its new information management system designed to assist law enforcement agencies in sharing critical investigative intelligence. The new system is an upgraded version of the Blue Bell company’s Unisys Law Enforcement Application Framework. It includes a public portal that allows citizens…
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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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Hatboro-Horsham School District’s Tech Makes It a Leader in Special Ed
The Hatboro-Horsham School District knows the secret to doing more special education with less, and it’s just a click away. Utilizing PowerOLAP software from nearby PARIS Technologies in Doylestown, Hatboro-Horsham is harnessing powerful data analysis to spend wisely and stay ahead of issues. The software enables automated monitoring of students’ grades, attendance, and disciplinary actions,…
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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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Zika Vaccine of Plymouth Meeting’s Inovio Named Technology Breakthrough of the Year
Popular Mechanics, a magazine that serves as the country’s leading voice in technology, has named the progress made by Inovio Pharmaceuticals on its Zika virus vaccine the Technology Breakthrough of the Year. The Plymouth Meeting company has advanced its DNA-based Zika vaccine into trials in the U.S., Canada, and Puerto Rico. It expects results from…
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Blue Bell’s Unisys Celebrates Three Decades in Information Technology
Blue Bell’s Unisys, founded to challenge IBM’s leadership in global tech, recently marked three decades of success with an ice-cream party at its headquarters, writes Joseph DiStefano for the Philadelphia Inquirer. The company – with 21,000 mostly overseas employees and $3 billion in annual sales – is best known these days for selling computer-security systems,…
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