Business
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Why the Right Banking Partner Is Key When Growing Your Business
S. Walter Packaging is a true legacy brand — a custom packaging solutions company founded in Philadelphia in 1904 by Simon Walter with a focus on kraft paper bags and wrappings. Over the years, the company has weathered significant events from the Great Depression to COVID, but more than 119 years later, the company’s resilience…
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PNC Closing Six Regional Branches: How Many and Where in Montgomery County?
Six PNC Bank branches are targeted for closure in the greater Philadelphia area. Jeff Blumenthal identified them, including two in Montgomery County, for the Philadelphia Business Journal. The bank’s intentions to reduce locations came via Feb. 17 filings with the Office of the Comptroller of the Currency, the U.S. Treasury Department bureau charged with chartering,…
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Local Branch Manager Leads First Bank’s New Location in West Chester
First Bank has announced that their newly relocated West Chester branch will be managed by current branch manager and Chester County resident Jessica DiRocco. DiRocco, who was born and raised in Chester County, has been a core team member of First Bank’s West Chester location since the community bank entered the market in 2018. On March…
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Philadelphia Business Journal’s 2023 Power List Finds Firstrust’s Tim Abell Quite Able
When considering area business leaders for its annual Power 101 list, Philadelphia Business Journal Editor in Chief Ryan Sharrow looks for honorees with strength, control, impact, and a special ability to influence change. Tim Abell, one of the notables on the 2023 roster, certainly exhibits those qualities as CEO of Firstrust Bank. Sharrow explains that…
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Penn Community Bank Deploys Loan Origination System to Enhance Customer Experience
Penn Community Bank announced it has implemented the Lenders Cooperative Loan Origination System (LOS), which is focused on small business and commercial product lending. The LOS platform provides a fully online digital experience for the bank’s customers, allowing them to apply for their capital needs anytime, from anywhere. In addition to the enhanced front-end customer…
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Citadel Credit Union Hires Sheri Perkins to Lead Its Retirement & Wealth Management Division
Sheri Perkins has joined Citadel Credit Union’s executive leadership team as the Senior Vice President and Head of Citadel’s Retirement & Wealth Management division and as the Program Manager for CUSO Financial Services, L.P. (CFS). This is a senior leadership role for the company in which Perkins will provide guidance and oversight for the award-winning…
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Firstrust Bank Chairman Richard Green Leveraged Eagles’ Super Bowl Loss into Brand Wins
Super Bowl LVII, a fan disappointment, had a better outcome for the Firstrust Bank brand and chairman Richard Green. Jeff Blumenthal explained in the Philadelphia Business Journal. Green, whose Conshohocken institution is the team’s official bank, noted an organizational uplift after the NFC Championship win. “All of our staff and our customers are much more…
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Citadel Credit Union Earns High Praise from Fortune Magazine
Citadel Credit Union has earned some high praise from Fortune this month. Not only has Citadel been named one of the nation’s 10 best banks and credit unions for February 2023 by Fortune Recommends — the global media organization’s independent arm dedicated to helping readers make smart decisions about the financial and business-related products they…
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C&N’s Stacey Sickler Appointed to the Mortgage Partnership Finance Advisory Council
Stacey A. Sickler, SVP/Director of Mortgage Services, has been appointed as a member of the Mortgage Partnership Finance (MPF) Advisory Council, representing C&N’s membership institution, FHLBank Pittsburgh. The MPF program provides funding through the FHLBank Pittsburgh for conforming mortgage loans, enabling Sickler and her team to offer reasonably priced, 30-year fixed rate mortgages serviced by…
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Are You Ready for the Recent Retirement Enhancements from the Secure Act 2.0?
In December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act to avert a shutdown and fund the federal government for fiscal year 2023. Attached to this 4,126-page bill is the Secure Act 2.0, which changes retirement planning as we know it. The Secure Act 2.0 builds on the original Secure Act passed in 2019…
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C&N Wealth Management Names Philip Prough Chief Investment Strategist
C&N Wealth Management has named Philip Prough as its Chief Investment Strategist. With more than 30 years of industry experience, Prough will lead the development and expansion of the C&N Wealth Management team’s customized investment management offering to new and existing markets. C&N Wealth Management Names Philip Prough Chief Investment Strategist “Wealth management has been…
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Pennsylvanians Routinely Fail to Claim Millions in Lottery Prizes
Pennsylvania residents fail to claim an average of $17 million in Pennsylvania Lottery prize money each year, according to a staff report from the Pittsburgh Post-Gazette. Last year’s tally was relatively low, with $8.2 million uncollected in prizes. In 2021, however, Pennsylvanians left $20.5 million on the table. From 2012–2021, the unclaimed annual average was…
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Bryn Mawr Professor Coauthors Book Addressing Timeless Question: Does Money Buy Happiness?
The relationship between finances and satisfaction has been contentious for centuries. A new book, The Good Life, sheds light on the timeless conundrum, as Chris Taylor reported for Reuters. Marc Schulz, one coauthor, is professor of psychology at Bryn Mawr College. His analysis is part of the world’s longest study on happiness. Since 1938, Harvard…
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WSFS CARES Foundation’s $2.4 Million in Donations Last Year Bring Us Closer to ‘a Day When Everyone Will Thrive’
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey, and Pennsylvania in 2022. In addition to the grants, Team WSFS, the WSFS corporate volunteer program, saw associates volunteer more than 17,000 hours in 2022 through community…
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Pa.’s Fourth Congressional District Makes Forbes Ranking for Key Household Metric in Montco
Pennsylvania’s 4th Congressional District, which encompasses the majority of Montgomery County, is one of the wealthiest in the nation, writes Andrew DePietro for Forbes. Forbes recently analyzed all of the congressional districts that comprise the 116th Congress that started in January 2021 and will run until January 2023 to determine which have the highest median…
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Penn Community Bank Recognized for Commitment to Equitable, Inclusive Banking
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, announced that its Access Checking account has once again been certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023–2024). The national safe account standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders,…
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Firstrust Bank Opens Fully Renovated, Collaboration-Supportive HQ in Conshohocken
If the story of the Firstrust Bank headquarters renovation in Conshohocken were a streaming service series, its title might have been The COVID Factor: What a Time to Rebuild a Building. Nonetheless, with equal parts of determination and patience, the work continued to unfold, navigating ever-changing health provisos, supply-chain tangles, labor shortages, and other issues…
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Montgomery Countians Outpace Pa. by Almost 2× in Spending Household Income One Particular Way
Each year Americans make billions of dollars in charitable donations, and in a recent study, SmartAsset dug into IRS data to find the geographic sectors whose residents give the most. The analysis measured how much people donate as a percentage of their net income and the proportion of people in each county who make charitable…
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