Business
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Invest in a CD to Maximize Your Savings as Interest Rates Rise
As the Federal Reserve continues to raise its benchmark interest rate to fight inflation, many consumers are looking for ways to boost their savings for a variety of reasons. While some are simply looking for ways to save money on everyday expenses, others are considering what they should do with their current savings nest egg.…
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Who Wants to be a Millionaire? Lots of Pennsylvanians
Pennsylvania keeps adding millionaires and climbing up the list of states with the most million-dollar earners, write Ty West and Michael Potter for the Philadelphia Business Journal. According to new data from the Internal Revenue Service, in 2020, there were 18,720 tax returns filed in the Keystone State that had adjusted gross income exceeding $1…
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Firstrust CEO and President Tim Abell Reflects on Bank’s FY2022 as Precursor to Overall Economic Outlook
Firstrust Bank CEO and President Tim Abell — before introducing speaker Lara Rhame, Chief U.S. Economist Lara Rhame of Philadelphia’s FS Investment — reflected on the past year at a recent meeting of the Philadelphia Chamber of Commerce. “A New Building Block” “Some people like to think of the new year as a fresh start,”…
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C&N Welcomes M. William Kadri as Vice President, Regional Personal Banking Manager
C&N announces that M. William Kadri has joined the Southeast Region team as Vice President and Regional Personal Banking Manager based in Doylestown. Kadri brings 10 years of retail banking experience to the team at C&N. He will lead the southeast-region retail team in growing the market’s deposit and loan portfolio, while focusing on providing…
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IKEA’s 2023 Life at Home Report: 61 Percent of People Worldwide Share Three Specific Worries
Conshohocken’s IKEA released its ninth annual “Life at Home Report,” which included survey results from consumers who voiced their household concerns. More than 37,000 individuals in 37 different countries responded, reported Vicky Jarrett for Furniture Today. The data illustrate various pain points of a universal nature. More than half of respondents (61 percent) had concerns…
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Penn Community Bank, Lehigh Valley Phantoms Announce Corporate Partnership
Penn Community Bank has teamed up with the Lehigh Valley Phantoms as part of a new corporate partnership. As part of the multiyear agreement, Penn Community Bank will hold a prominent position with the franchise, featuring the naming rights of the PPL Center concourse and the owner of an executive suite. Gliding into 2023 Penn…
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Deadline Nears to Nominate Local Teachers for Citadel Heart of Learning Award
Sunday, Jan. 15 is the last day that Citadel Credit Union will accept nominations for its prestigious teaching excellence award, the Citadel Heart of Learning Award. If you know some teachers who go above and beyond the call of duty and truly make a difference in the lives of students, please nominate them for the Citadel…
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Seedcopa’s 2023 Business Lending Outlook
The past year has seen a profound change in interest rates for loans of all kinds, including below-market rates through government-backed business loans like those we offer at Seedcopa + SeedcoDE. Before we dive into my annual Business Lending Outlook, first let’s examine what got us here: There’s a lot of commentary out there that…
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Tipped Wage Floor Rose Jan. 1 for Montco Servers, Affecting Hourly Pay in Pa.
Pennsylvania restaurant workers are dissatisfied with a recent change to their pay, which enables employers to pay them less per hour, based on the tipped wages they also receive. Emily Rizzo served up an explanation for WHYY. Currently, Pennsylvania employers can pay tipped workers as little as $2.83 an hour — significantly under the state’s…
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Montgomery County Leadership: Mike Fitzgerald, Market President, Univest Bank
Mike Fitzgerald, market president for East Penn and New Jersey at Univest Bank, spoke to MONTCO Today about growing up in Philadelphia and Holland in Bucks County and the pervasive influence wrestling has had on his life — from being a captain in high school, returning to coach his alma mater after college for seven…
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Santander Bank Closing 13 Pennsylvania, New Jersey Branches; One Is in Montgomery County
Santander Bank is closing 13 branches in Pennsylvania and New Jersey, including one in Montgomery County, writes Jeff Blumenthal for the Philadelphia Business Journal. Overall, five closing locations are in the immediate Philadelphia region, while five more are on its outskirts. According to the Office of the Comptroller of the Currency, Santander Bank has filed…
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Firstrust Bank Execs, Having Conquered Mount Kilimanjaro, Return with New Outlooks, Deep Friendships, and Professional Takeaways
Despite being home two weeks after a life-changing climb of Mount Kilimanjaro, Firstrust Bank EVP Michael Dinda still sported the sunburnt face he got during the adventure. But if anything, Dinda’s rosy glow caused the commercial banking division manager’s smile appear yet more dazzling white. His climbing partner and colleague, Seth Mackler, EVP of commercial…
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Ambler Savings Bank President, CEO Roger Zacharia Named to Governor-Elect Shapiro’s Transition Advisory Committee
The Pennsylvania Association of Community Bankers (PACB) congratulates Roger Zacharia, President and CEO of Ambler Savings Bank, on his appointment by Governor-Elect Josh Shapiro to the Transition Advisory Committee for Consumer Protection. Zacharia is the immediate past chair of the PACB. Governor-Elect Shapiro and Lieutenant Governor-Elect Davis have assembled a diverse and experienced team of…
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King of Prussia Conference Examined the Political, Economic, Faith-Based Juncture of Catholicism and Crypto
The 2022 Catholic Crypto Conference at the Sheraton Valley Forge in King of Prussia brought together two seemingly disparate topics: religion and technocurrency. Christopher Parker chronicled the convergence in America, the Jesuit Review. The two-day forum, the first of its kind, featured speakers from Goldman Sachs, the University of Notre Dame, and other related organizations.…
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If You’re in the Market for a New Home, You May Have More Buying Power in 2023
If you’re planning to buy a new home in 2023, the first few months of the new year may present a better than anticipated buyers’ market due to several factors that are not only influencing homebuyers’ financial position, but also easing the inventory constraints we’ve seen in recent years. Key Market Factors With recent reports…
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Philadelphia’s Big Banks Subject of Two New Books That Look at Their Rise and Fall, and Survivor That Has Grown in Vacuum They Created
Philadelphia’s big banks — including Girard and Fidelity, Provident and PSFS, and PNB and First Pennsylvania — thrived for generations and financed factories, transportation, and trade in the region, writes Joseph N. DiStefano for The Philadelphia Inquirer. But all of them vanished in the merger craze of the 1980s and 1990s, with many employees losing…
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CCWMG’s Fred Hubler Shares Stock Market Expertise During Financial News Appearance
Fred Hubler Jr., the President and founder of Creative Capital Wealth Management Group in Chester Springs, was recently featured on a network to share his expertise on the stock market. Hubler noted on Ameritrade Network about the coming of a new regime of greater macro and market volatility. In addition to this appearance, he has…
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SEC Inaction on Ardmore Whistleblower’s Reports Begins to Mute Her Enthusiasm
Janice Shell, an Ardmore retiree, was a hunter. Her prey was not game; rather, it was fraudulent stock valuations that harm unwitting investors. John Holland’s Bloomberg story described her unusual calling — and its associated frustrations. Shell uses the fraud reporting program of the SEC’s Office of the Whistleblower. It’s a 2010 resource from President…
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