Business
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WSJ: Republic First’s $35 Million Deal With Norcross-Braca Group Falls Apart #2
Concerns surrounding the stability of Republic First Bancorp are popping up again as a $35 million deal to help shore it has collapsed, writes Gina Heeb for The Wall Street Journal. In October, the Norcross-Braca group announced a $35 million capital infusion deal that was expected to close this February. However, the group said Republic…
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Penn Community Bank Helps Break Ground on Philadelphia Affordable Housing
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, joined Philadelphia Mayor Cherelle Parker, City Council President Kenyatta Johnson, and regional developers on Feb. 20 to celebrate the groundbreaking of 17 publicly-owned parcels for future Turn the Key homes in Philadelphia’s Grays Ferry neighborhood. Representing the bank and speaking at the event was…
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WSFS Bank Celebrates Nearly 200 Years of Service for Its 192nd Birthday
To illustrate how long WSFS Bank has been serving the Greater Philadelphia and Delaware region, when the bank was chartered in 1832, electricity wouldn’t be available in homes for another 40 years. WSFS Bank, in fact, is seven days older than the city of Wilmington itself. This month, the bank celebrated its 192nd birthday and…
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Ambler Savings Bank Celebrates 25 Employees with Over 10 Years of Service
Ambler Savings Bank is proud to announce a significant milestone for its employees – the celebration of 25 dedicated individuals who have contributed a decade or more to the bank’s success. In an era where career trajectories often involve multiple job changes, Ambler Savings Bank takes immense pride in the unwavering commitment and loyalty demonstrated…
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PNC Appoints University of Pennsylvania Grad As Its New President
PNC Financial Services Group has officially named Michael P. Lyons as its new president, writes Patty Tascarella for the Philadelphia Business Journal. Lyons is an alumnus of the University of Pennsylvania, having graduated from the school in 1993. He joined PNC in October 2011, serving as an executive vice president and head of corporate &…
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Oaks-based SEI Investments Invests $10M in a New York Fintech Company
SEI Investments, based in Oaks, has invested $10 million in a New York company as a strategy to personalize client interaction and grow business opportunities, writes Jeff Blumenthal for the Philadelphia Business Journal. SEI provides asset management software and services to banks and investment advisers. The company TIFIN specializes in asset and wealth management platforms…
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Who Is the Sandwich Generation, and What Are Their Challenges?
You’ve probably heard a lot about Baby Boomers, Gen X, Millennials, Gen Z, and other generations, but have you heard about a group of people known as the sandwich generation? The sandwich generation can include adults from a variety of these age groups, but it generally refers to anyone who is caring physically, mentally, and/or financially for…
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Penn Community Bank Supports Habitat for Humanity Build Project
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, recently supported Habitat for Humanity of Bucks County’s current build project at the site of the former St. Thomas Aquinas School in Croydon. Team members spent the day working on various jobs throughout the site, which will include three single-family homes and follow the organization’s Land Trust…
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First Bank Sheds Light on Online Dating Scams — and How To Turn Them Down
Dating scammers try to steal your heart … and your money. The rise of online dating sites and apps has made looking for love more convenient. Every day, millions of Americans turn to these resources to meet someone new. Sometimes, it’s a love match. Other times, it’s a scam. These con artists are experts at…
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Finance Life Events with Your Home’s Equity
If you’ve been paying your mortgage for a while, you’ve probably built up some equity in your home. Home values statewide have increased 27 percent in the past 5 years according to data from multiple listing services. You may have heard of a home equity line of credit or loan, but you might not understand why…
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Founder and CEO of Creative Capital Wealth Management Group Offers Top Alt Strategies for a Recession
As we all settle into 2024, there is increasing buzz around a possible recession and the potential for the FED to lower interest rates. CNN reports, “Former Federal Reserve Chairman Alan Greenspan believes a U.S. recession is the ‘most likely outcome’ of the Fed’s aggressive rate hike regime meant to curb inflation. He joins a growing chorus of…
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Penn Community Bank Launches New Campaign Focusing on ‘Thriving Communities’
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is launching a new, multi-channel marketing campaign highlighting its role in supporting thriving communities throughout the region. “At Penn Community Bank, we believe that supporting thriving communities starts with building deep and meaningful relationships with our customers,” said Bernard Tynes, Chief Experience & Impact Officer. “That’s…
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Family-Owned Firstrust Bank Celebrates 90 Years of Fostering Trust and Stability Through Generations
The story of Firstrust Bank represents the essence of the American Dream. Founded in the throes of the Great Depression, the bank’s fascinating narrative is one of entrepreneurial risk-taking, resilience in the face of adversity, continual adaptation and growth, community service, and family legacy. Samuel A. Green, a Hungarian immigrant who arrived in the United…
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Is Tax-Exempt Financing Right for Your Nonprofit?
Nonprofit organizations are not immune to the current financial challenges. An often-underutilized tool to help with these challenges is tax-exempt financing. Whether your organization is a health system, residential healthcare or senior housing facility, or another nonprofit organization outside of the healthcare space, there are options to explore that should fit your needs. Bank held…
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Safeguarding Your Golden Years: Financial Tips for Seniors and Caregivers
February is Senior Independence Month, a time to celebrate the autonomy and well-being of older adults, and financial security plays a crucial role in maintaining independence and peace of mind. Whether you’re a senior navigating your own finances or a caregiver supporting a loved one, here are some key tips to keep in mind: 1.…
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Montgomery County Lawyer Opens His Own Law Practice with Help from Ambler Savings Bank
After 25 years as a trial lawyer, Andy Spirt wanted to set up his own law practice to serve his clients better. The Ambler native has spent the majority of his time on personal injury and medical malpractice cases and was ready to make the switch after establishing himself with a Philadelphia-based firm. Last year…
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Creative Capital Wealth Management’s CEO to Speak at Blue Vault Bowman Alts Summit and Learn & Grow Investment Summit
Frederick Hubler, Creative Capital Wealth Management’s CEO and Chief Investment Officer, will participate in speaking engagements throughout the year to help others learn about the value and growth of the alternative investments industry. To kick off the month of March, Hubler will speak at the Learn & Grow Investment Summit 2024. The first event will…
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Labor of Love: Veterinarian Couple Shares What It’s Like Working Together and How Firstrust Bank Financed Their Dreams
When Dr. Nick Pope met his future wife, Dr. Elizabeth Pope, they were both students at the Oklahoma State University College of Veterinary Medicine and traveling down the same career path. Despite their passion for animals and shared dreams of becoming veterinarians, however, it was never their intention to one day work together. “We had…
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