Business
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Nearly 1,200 WSFS Bank Associates Volunteer Across the Region for Inaugural ‘We Stand for Service Day’
Nearly 1,200 WSFS Bank associates volunteered across the Greater Philadelphia and Delaware region on June 14 as part of the bank’s first-ever “We Stand for Service Day.” This company-wide day of giving back through volunteerism saw approximately 1,200 associates join together to volunteer nearly 5,000 hours and make an impact at organizations across the region.…
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Meridian Bank Opens Main Line Flagship Location in Wayne
On Wednesday, June 14, Meridian Bank debuted their flagship Main Line office with an official Ribbon Cutting Ceremony in downtown Wayne. Meridian executives, VIP customers, prominent business owners and local influencers attended the celebration which showed a first look at the inside of the newly renovated location at the intersection of N. Wayne and Lancaster…
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Montco Households Received Over $100M in Federal COVID Relief Rental, Utility Assistance
Households in Montgomery County have received over $100 million in rental and utility assistance funding over the last two years, according to county officials, writes Rachel Ravina for The Mercury. The areas most served include East Norriton Township, Elkins Park, King of Prussia, Lansdale, and Pottstown. As of April 1, applications were no longer accepted.…
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Penn Community Bank CLO Named to Bucks County Bar Foundation Board
Stephanie Schwartzberg, Esq., Chief Legal & Risk Officer at Penn Community Bank has been named to the Board of Trustees for the Bucks County Bar Foundation. She joins the leadership of the 501c3 for a three-year term. “I am honored to join the Board of Trustees of the Bucks County Bar Foundation and for the…
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Montgomery County Leadership: Georgann Berger McKenna, EVP and Chief Human Resources Officer, Penn Community Bank
Georgann Berger McKenna, Chief Human Resources Officer at Penn Community Bank, recently sat down with MONTCO Today to discuss her role at the bank and career path from high school teacher to the C-Suite at the region’s largest mutual bank. In our conversation, McKenna talks about the lessons she learned working on a blueberry farm…
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McCarthy & Company Merges Into New York Tax and Accounting Firm
A tax and accounting firm headquartered in Blue Bell, McCarthy & Company merged into Marcum LLP, based in New York, writes David Winzelberg for the Long Island Business News. While the terms of the agreement were not disclosed, McCarthy adds 70 partners and associates to Marcum. McCarthy’s offices in Blue Bell, Pennsylvania and Tinton Falls,…
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Applying for a Mortgage: Top Dos and Don’ts
Buying a home for the first time is likely the largest purchase people will make at that point in their lives. And for those looking to upgrade their home, the financial stakes are higher. With that comes a lot of preparation, responsibility, and even stress. A recent WSFS Mortgage survey found that 37 percent of…
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Conshohocken Analyst Approves of Debt Ceiling Bill, Warns About Need for Further Inflation Decline
With the bill to lift the $31.4 trillion debt limit making its way up the chain to President Joe Biden’s desk, many analysts are satisfied with how the debt ceiling negotiations were resolved, writes Herbert Lash and Shreyashi Sanyal for Reuters. “The bond market liked that there was some fiscal discipline and the equity market…
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Souderton-based Univest Expands into Baltimore by Hiring Away from Rival Banks
Souderton-based Univest has opened its first branch in Maryland as part of its Baltimore expansion, writes Garrett Dvorkin for the Philadelphia Business Journal. The new Baltimore region is being staffed by many banking teams hired away from the company’s rival banks. The new Greenspring Valley Financial Center in Lutherville-Timonium opened on Tuesday in the presence…
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The Last Time Firstrust Vice President Mort Kolman Sought Employment, James Tate Was Philadelphia Mayor and Richard Nixon Was President
In the current era of career pivots and midlife-crisis profession overhauls, Mort Kolman is a standout. This banking-industry veteran has had but one employer over his 60-year career. He is Vice President of Business Development at Firstrust Bank, which underwent some rebrandings over the decades but remains at its core the same institution that hired…
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Penn Community Bank Holding Massive Region-Wide Day of Service
Eastern Pennsylvania’s largest mutual bank, Penn Community Bank, will hold its second annual Day of Service today. Locations will be closed early and over 300 team members will be volunteering at different places across the region. In addition to hundreds of volunteer hours, the bank is also contributing $150,000 to regional nonprofit partners. Volunteer sites…
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Green Family Foundation and Firstrust Bank Award $365,000 to 24 High School Seniors
The Green Family Foundation and Firstrust Bank recently awarded 24 high school seniors from Greater Philadelphia and the Lehigh Valley with $365,000 in college scholarships at the 54th annual Samuel A. Green Scholarship Program ceremony. The Samuel A. Green Scholarship Program, one of the region’s most renowned high school scholarship programs, granted two-year college scholarships…
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WSFS Bank Teams Up with Philadelphia Union to Launch Co-Branded Debit Card
As the official bank and community supporter of the Philadelphia Union and Subaru Park, WSFS Bank has teamed up with the Major League Soccer franchise to launch a co-branded debit card. WSFS is offering a one-of-a-kind design that features the Philadelphia Union logo and colors to showcase fan support for their hometown team. The card…
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New Meridian Bank Partnership Will Launch Business Credit Card Program
Meridian Bank has partnered with Corserv, an Atlanta company that empowers banks and fintechs with payment programs, to implement an industry-leading credit card program to serve Meridian’s business and commercial customers. Meridian Bank is a $2-billion full service commercial bank, founded in 2004 and headquartered in Greater Philadelphia with offices in Pennsylvania, New Jersey, Delaware,…
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Montgomery County Leadership: Lewis Cyr, Chief Lending Officer, Penn Community Bank
Lewis Cyr, Chief Lending Officer at Penn Community Bank, spoke to MONTCO Today about his role at the bank and his career path from growing up the youngest of six children in a small factory town to the C-Suite at the region’s largest mutual bank. In our conversation, Cyr shared the two key lessons he…
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Access to Capital 101: Explore Your Options
For many small business owners, taking the next step with their business’s growth comes down to available cash flow. Managing cash flow and comparing it to a business’s financial projections allows owners to make important financial decisions to help sustain and grow their business, like applying for a loan. However, gaining access to the capital…
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After 20-Plus Years at the Helm, Citadel Credit Union CEO Announces Retirement
Jeff March, Citadel Credit Union’s longtime President and CEO, will retire by the end of the year, after his successor is selected. This announcement was first shared via an internal memo to all Citadel employees. March began working at Citadel 40 years ago in 1983 and has been in his current leadership role since 2001.…
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Wells Fargo’s Conshohocken Office Gets Familiar Face
Wells Fargo’s Conshohocken’s office will be seeing a new face. After serving as the executive Upstate New York and Eastern Canada, Tara Handforth is heading back to her stomping grounds. She will be the division executive for the mid-Atlantic region, writes Jeff Blumenthal for the Philadelphia Business Journal. Handforth has an impressive resume of…
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