Business
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Panelists at Univest Bank’s Economic Summit Bullish on Economy’s Future
The esteemed panelists struck an optimistic tone at Univest Bank’s annual Economic Summit, held in early May at the Sheraton Valley Forge Hotel in King of Prussia. Jeff Schweitzer, CEO of the Souderton-based bank; Dr. Mark Zandi, the chief economist of Moody’s Analytics; John Kirwin, CEO of Argosy Capital; and former U.S. Rep. Mike Fitzpatrick…
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Community-Oriented BB&T on a Mission to Make the World a Better Place
By Chris Cooper BB&T Bank, based in Winston-Salem, N.C., is a relative newcomer to this area, but the mission-driven financial institution has already made a positive impact on the lives of several residents of Montgomery County. Founded in 1872 and known officially as Branch Banking and Trust Company, the bank operates more than 2,100 financial…
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Vanguard Cautious About Record-High Stocks
Vanguard Group, based a few miles west of King of Prussia in Chester County, has benefitted more than most from the record-setting influx of money into indexed mutual funds, but the leader of the financial giant is growing leery of the escalating record highs in the U.S. stock market. “I think the U.S. market is…
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First Data to Acquire King of Prussia’s CardConnect for $750M
Payment processor First Data is acquiring its King of Prussia rival CardConnect for $750 million in cash, or $15 per share, writes Jeff Blumenthal for Philadelphia Business Journal. The deal offers a ten percent premium over the company’s closing price on Friday and will include the repayment of the company’s debt. CardConnect reported $589 million…
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MONTCO Careers – CRF Health
Headquartered in Helsinki, Finland with a location in Plymouth Meeting, CRF Health is the technology leader at the forefront of the eCOA (electronic clinical outcome assessment) market, enabling greater safety for patients and smoother paths to regulatory approval for thousands of medications. Sales and Marketing Coordinator This position generates sales reports including win/loss data and pipeline and…
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Delco Leadership: Jennifer & Mike Morgan
Jennifer Morgan, President, SAP Americas and Asia Pacific Japan, and her husband Michael speak with MONTCO Today about their respective upbringings in Northern Virginia. Although their high schools were rivals, they hadn’t met until Jennifer graduated from James Madison and Michael graduated from Virginia, and both were working at Andersen Consulting. Jennifer shares how she…
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KOP’s Lockheed Martin’s Rotary and Mission Systems Wins $8.5M DOD Contract
Lockheed Martin’s Rotary and Mission Systems Wins $8.5M DOD Contract Meta Description (150 Characters): Lockheed Martin’s Rotary and Mission Systems in King of Prussia has received an $8.5M contract to upgrade the Navy’s Tactical Tomahawk Weapons Control System. SEO Keyword (1-2 Words): Lockheed Martin Word Count (Less 31 For Template): 243 The Post (Target length:…
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Ardent Credit Union Employees Graduate MBA Program with Help from Employee Cohort
Last week, seven Ardent Credit Union employees attended their graduation ceremony from Holy Family University’s MBA Program at the Kimmel Center in Philadelphia. Graduates included: Mary Hoffman, VP Chief People Officer Joe Walmsley, Benefits Specialist Steven Scoleri, Loan Closer Julie Mack, Director Project of Implementation and Compliance Eileen Hughes, VP Operations Lynnette Dykes, Real Estate…
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Knowledge@Wharton: Election Tech Crisis Could Force Future Changes
Funding shortages, state control and the periodic nature of elections in America have fostered a disconnect in the election technology industry, and the nation’s often-outdated tech is fast creating a crisis. “There’s a crisis in voting technology — that across the country voting technology is literally falling apart,” said doctoral student Matthew Caulfield in a…
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Oaks’ SEI Campus to Double in Size
SEI Investments is planning to expand its Oaks campus by developing an adjacent 90 acres of land. This would nearly double the campus’s current size and would add around 425,000-square-feet in new buildings over the next several years, writes Natalie Kostelni for Philadelphia Business Journal. SEI currently employs 3,200 people at the Oaks campus, with…
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Malvern Federal Savings Bank Opens New Office in Palm Beach
The Paoli-based Malvern Bancorp has announced the opening of a new representative office at 205 Worth Avenue in Palm Beach, Fla. “This is our initial location for gaining visibility and brand recognition in the region,” said Anthony C. Weagley, President and CEO. “Malvern offers a wide range of private banking and wealth management services delivered…
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Conshohocken Entrepreneur Launches New Dining App
On May 1, Conshohocken native and entrepreneur Josh Hoffman, launched the GamePlan app to help people find nearby places to get together for dining and drinks, writes Kenneth Hilario for Philadelphia Business Journal. Hoffman came up with the idea while studying at the University of Central Florida. At that time, he found finding somewhere new…
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MONTCO Today Careers – Bryn Mawr Trust
Bryn Mawr Trust, with multiple locations in the greater Philadelphia area and Delaware, has focused on helping individuals, families, businesses and organizations create, manage, preserve and transfer wealth since 1889. Risk Management Analyst This position assists in performing risk assessments, validates the results of monitoring programs and makes improvement recommendations, and creates test scripts to…
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Wharton: Smartphones Create Pervasive but Underestimated Type of Addiction
In the absence of face-to-face communication, valuable social skills aren’t learned, and in the overflow of information, self-control is lost. Together, these cultural issues are compounding to cause a sweeping epidemic: smartphone addiction. And it’s worse than many people give it credit. [uam_ad id=”51709″] Advertisement “What’s interesting is that the body and the brain respond…
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King of Prussia Startup Trice Medical Provides Motivation for Other New Enterprises
Ahead of the second Stellar StartUps competition in September, Philadelphia Media Network is showcasing King of Prussia’s Trice Medical as the type of successful new enterprise it hopes to cultivate in the Philadelphia region, writes Diane Mastrull for Philly.com. Five-year-old Trice Medical is the developer of mi-eye 2. This provides a cheaper and faster alternative…
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Malvern Bancorp Reports Second-Quarter Earnings Driven by Loan Growth, Higher Net Interest Income
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported operating results for the second fiscal quarter ended March 31, 2017. Net income amounted to $1.4 million, or $0.22 per fully diluted common share, for the quarter, an increase of $143,000, or 11.3 percent, as compared with net income of $1.3 million,…
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Malvern-Based First Priority Bank Reports Dramatic Increases in First-Quarter Results
The Malvern-based First Priority Financial Corp. has reported net income for the first quarter of 2017 totaling $782,000 or $0.11 per basic and fully diluted share, a 47 percent increase compared to $531,000 or $0.05 per basic and fully diluted share in the first quarter of 2016. It also reports a six percent increase compared…
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MONTCO Today, Ardent Credit Union Donates Cooler to Norristown’s Sweet Fields
Ardent Credit Union recently celebrated the grand opening of its Oaks location on 110 Black Rock Road with family festivities. Included in the fun was a raffle for a YETI cooler, won by MONTCO Today publisher and editor Ken Knickerbocker. But it didn’t remain in his hands very long. The owner of American Community Journals…
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