Business
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Firstrust Bank Supports Success of Fast-Growing Video Production Agency in Philadelphia
As a boutique video production agency, 20/20 Visual Media has been telling stories with engaging custom marketing content for clients in a wide range of industries since 2011. In doing so, the people at the Philadelphia-based company are more than directors, producers, and videographers — they’re artists who understand that every great story has plot…
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WSJ: Regulators Seize Philadelphia Bank, Republic First, and Sell It to Fulton Bank
In the latest development in what has been a tumultuous several months for Republic First, regulators have seized the bank and sold it to fellow regional lender Fulton Financial, write Gina Heeb, Lauren Thomas, and Justin Baer for The Wall Street Journal. The bank was closed by the Pennsylvania state regulator and sold after an…
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USA Today, Philadelphia Inquirer Recognize Firstrust Bank as a Top Workplace for 2024
The hard-earned reputation that Firstrust Bank has for treating its customers well starts with the way it treats its employees. After all, they’re the most important assets the bank has for serving its customers. One might even say that Firstrust employees are like a family, which seems appropriate for a 90-year-old, family-owned enterprise. As an…
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Bridging the Past with the Future: Creative Capital Wealth Management Group Unveils New Logo and Website
The bridge logo of the nationally recognized, retainer-based Creative Capital Wealth Management Group is well-established not just in its home territory of Chester Springs but also in 34 states. In fact, over the course of the firm’s 20 years in business, Creative Capital’s steadfast branding and personal approach to wealth management has fostered long relationships…
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Penn Community Bank Launches New Business-Focused Magazine
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has launched its new business magazine, Mutual Interest. Building on the bank’s much-anticipated quarterly economic newsletters, the new print and digital piece features timely economic updates, actionable content from thought leaders throughout the bank, and customer spotlights. The first edition includes articles on fraud prevention, attracting…
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‘We Know We Can Count on Their Support’: Ambler Savings Bank Recognized for 150 Years of Service
Last week, Ambler Savings Bank hosted a celebration with more than 120 guests — including customers, community members, and local government officials — in honor of its 150th anniversary. “I’m honored to share this incredible moment with you and present Ambler Savings Bank with a proclamation in recognition of your 150 years of service,” said…
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Diversify Your Portfolio: The Art Of Selecting Alternative Investments
Let’s face it, the world of alternative investments is big and getting bigger. So what should you look for when selecting an alternative investment? The fact is that there are four basic ways to invest in assets other than stocks and bonds: If you can invest directly into the underlying asset (like a $30M distribution…
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See How Much Philadelphians Are Earning
The great Philadelphia salary report of 2024 is out, providing us with a chance to see what locals are earning, from CEOs and athletes to drag queens and 911 dispatchers, writes Victor Fiorillo for Philadelphia Magazine. With $32.1 million, Comcast CEO Brian Roberts is the highest-paid CEO at any publicly traded company in the region.…
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Is Relationship Banking Right for Your Business?
As a business owner, you likely understand the value of building loyalty and trust. It’s not just beneficial for your business — it can also enhance your customers’ experience and perception of value. Cultivating a deeper connection can benefit you and your customers long-term. The same is true for your relationship with your financial institution.…
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How WSFS Bank Is Making Foreign Exchange a Less Foreign Concept for Its Customers
Touchstone Home Products has roots that originated 38 years ago and has since grown to be an industry leader in electric fireplaces, patio heaters, TV lift cabinets, and other home goods. The company has continually exceeded customer expectations and, as the business evolved, took an interest in electric fireplaces — a product that was only…
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First Bank Recognizes Top Performers Following Year of Record Growth in 2023
First Bank has promoted 38 employees who played key roles in supporting customers and communities while helping the bank thrive and grow amid a record 2023. Some notable promotions within senior leadership include Darleen Gillespie, Chief Retail Banking Officer, promoted to Executive Vice President; Michael Smith, Director of Small Business and Corporate Development, promoted to…
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Firstrust Bank Expands Access for First-Time Homebuyers
Philadelphia’s Hometown Bank is opening doors for first-time homebuyers. The First Front Door program is now available at Firstrust Bank. The First Front Door program, administered by the Federal Home Loan Bank of Pittsburgh, provides down-payment and closing-cost assistance to eligible first-time homebuyers. Borrowers can qualify for up to $15,000 in assistance to make the…
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Penn Community Bank’s Jeane Vidoni To Lead PA Bankers’ Federal Government Relations Efforts
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has shared that President and CEO Jeane M. Vidoni has been named Chair of the PA Bankers Association’s Federal Government Relations Policymakers and Direct Contact Bankers Committee. In her role, Vidoni will lead the statewide industry association’s volunteer team which coordinates and actively participates in grassroots…
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Chase Bank To Open New Branch At Former Wawa Flagship Location in Center City
The former location of Wawa’s flagship location in Center City had been vacant since it chose not to reopen in 2020 due to the lasting effects of the COVID-19 pandemic. However, Chase Bank recently filed to open a branch at the very location on the southeast corner of Broad and Walnut streets, writes Jeff Blumenthal…
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Amidst Continued Growth, Citadel Credit Union Reinforces Commitment to the Communities It Serves
Citadel Credit Union is reinforcing its dedication to supporting the communities it serves across Chester, Bucks, Delaware, Montgomery, Lancaster, and Philadelphia counties through ongoing community initiatives. Corporate Responsibility In July 2023, Citadel formalized its corporate giving and volunteer program, Citadel Cares, with a commitment of more than $2 million in the next four years and…
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Protecting Your Finances: First Bank’s Best Practices Against Check Washing and Theft Scams
The United States Postal Inspection Service recovers over $1 billion in fraudulent checks and money orders yearly. If you mailed a paid check, but the recipient never received it, criminals may have stolen it. Fraudsters are targeting paper checks sent through the mail. Once they have a check you mailed, they use chemicals to “wash”…
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Homebuying in 2024: Are Discount Points Worth the Cost?
When compared to previous years, 2023 mortgage rates skyrocketed, making homebuying difficult or even out of reach for some. In an attempt to alleviate this challenge, many homebuyers turned to discount points, which essentially means they paid extra money upfront to lower their interest rate. Think of it like a VIP pass to a lower…
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Understanding EBITDA as A Key Metric in Obtaining SBA Financing
Within SBA financing, EBITDA is a crucial metric used by SBA Lenders. It’s an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization and measures a company’s operating performance without factoring in certain non-operational expenses. EBITDA highlights the exclusion of these specific expenses to provide a clearer picture of a business’s operational efficiency. EBITDA provides…
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