Business
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TruMark Acquires 8-Person Commercial Lending Team Led by Daniel Krewson
TruMark Financial Credit Union based in Fort Washington has added an 8-person commercial lending team from Citizens Financial Services to its roster, writes Jeff Blumenthal for Philadelphia Business Journal. The acquisition of the team led by Daniel Krewson will double TruMark’s own commercial lending department. Citizens Financial’s Daniel Krewson will now serve as TruMark’s director…
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WSJ: Philadelphia’s Republic First Set to Receive $35M Infusion After Agreeing Rescue Deal with Investor Group
Republic First Bancorp will receive a $35 million infusion after agreeing to a deal with a group of existing investors aimed at bolstering its finances, write Gina Heeb, Lauren Thomas, and Jonathan Weil for The Wall Street Journal. The investor group is led by George Norcross III, Philip Norcross, and Gregory Braca. The Philadelphia lender…
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AI Technology Will Help Pottstown’s VideoRay Enhance Underwater Operations
Pottstown’s VideoRay is looking to bolster its underwater operations with AI technology through the acquisition of Blue Ring Imaging, a St. Petersburg, Florida-based company, writes Donna Rovins for the Times Herald. The producer of the Mission Specialist Defender underwater robot will utilize Blue Ring’s AI technology to push “the boundaries of underwater operations with man-portable…
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Local Manufacturing Continues to Modernize and Compete on a Global Scale
In the Philadelphia area, Haverford Systems is acting as a technological catalyst, aiding local manufacturers in embracing modern solutions to compete on a global stage. By integrating Paging Systems, Control Systems, and Computer Vision, Haverford is revamping the operational fabric of the local manufacturing sector. It’s a journey toward enhanced efficiency, speed, and intelligence in…
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What Is a Home Equity Line of Credit?
With interest rates reaching levels not seen in years, many consumers are taking a close look at their spending and borrowing needs to evaluate their options. One borrowing option that can be particularly valuable to homeowners is a Home Equity Line of Credit (HELOC). An optional feature to consider with most HELOCs that can be…
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Penn Community Bank Wins National Marketing Excellence Award
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has been selected by Business Intelligence Group as a recipient of the organization’s Public Relations and Marketing Excellence – External Campaign of the Year Award. The bank’s marketing department was recognized by the panel of business executives for its expansion of the ongoing “Start. Grow. Stay.” campaign.…
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Investing For Grownups: Why Asset Allocation Matters
Where you invest is important, but the amount you invest in each type of investment is also significant. Advisors traditionally recommend a 60/40 investment portfolio. This means that 60 percent of investments are in stocks and 40 percent in bonds, or 60 percent is at higher risk than the other 40 percent. However, history tells us…
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Not Just a Tech Upgrade but a Dialogue-Enabler: Two Local Businesses Use Live Streaming to Grow Their Reach
Over the past few years, live streaming has become a powerful way for businesses to get their message out to potential customers. Local businesses that are taking advantage of real-time engagement with online audiences are seeing huge benefits to their businesses. Let’s delve into the tangible magic live streaming has unfurled for two local businesses,…
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Citadel Credit Union Gives $10,000 in Cash to Members Through Credit Card Sweepstakes
Citadel Credit Union has awarded 15 members cash prizes totaling $10,000 as part of its first annual Credit Card Spend & Get Sweepstakes. The Spend & Get Sweepstakes, which ran from June 15 through Aug. 31, provided members a chance to win cash just by using their Citadel credit card for everyday spending. For every…
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As Cybercrime Skyrockets, Firstrust Bank Leads the Charge in Cybersecurity
We are all under attack. Cybercrime is skyrocketing in the U.S., fueled by the ever-expanding realm of online services. This digital boom makes personal details — names, Social Security numbers, and birth dates — irresistible targets for hackers. Using this data on the dark web has become big business for cybercriminals. Meanwhile, small businesses are…
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How You Can Take Advantage of the Current Housing Market
Homebuyers are currently facing numerous challenges in the market, the two main challenges being home inventory and high interest rates. The lack of inventory is creating a competitive market for sellers, with many homes being sold over asking price. In fact, since 2020, the median home price has increased 26 percent. Inflated home prices combined…
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Forbes’ 2023 Mega-Wealthy List: One Montco Resident Annually Outearns the Country of Iceland
Forbes released its 2023 world’s billionaire list, which includes what may be some startling news for area residents: A line occupant at a Bryn Mawr Wawa? A Germantown Academy classmate? He or she could be sitting on a ten-digit net worth. As Victor Fiorillo reported in Philadelphia Magazine, four of the top-ten earners in Pennsylvania…
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Citizens Bank Closing 4 Branches Inside Philly Area Supermarkets
Citizens Bank is planning on reducing its footprint in the Philadelphia area by closing four branches in local supermarkets, including one in Blue Bell, writes Jeff Blumenthal for Philadelphia Business Journal. In its filing with the Office of the Comptroller of the Currency, the bank, which is a subsidiary of Providence, Rhode Island’s Citizens Financial…
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WSFS Bank’s Candice Caruso Named One of the Philadelphia Business Journal’s 2023 Women of Influence
Candice Caruso, Senior Vice President and Chief Consumer Lending Officer at WSFS Bank, has been named one of the Philadelphia Business Journal’s 2023 Women of Influence. Each year, the publication honors a group of women who are leaving a mark on Greater Philadelphia in their own unique ways. Caruso has been a transformative figure in…
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Bringing Meetings into the Future: How Haverford Systems Is Changing the Game with Video Conferencing in Philly
Are you tired of the logistical circus that comes with traditional meetings? Well, you’re not alone. In our bustling Philadelphia area, more companies are waving goodbye to the hassles of old-school, face-to-face meetings. The hero behind this change? Modern video conferencing solutions, with a local champion — Haverford Systems, the region’s top Zoom-certified integrator —…
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WSFS Bank Joins Forces with Sharing Excess and Sunday Breakfast Mission to Battle Food Insecurity Across Region
WSFS Bank has launched its annual Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking offices in Delaware, New Jersey, and Pennsylvania will serve as deposit centers for nonperishable donations from WSFS associates, customers, and community members through Dec. 31. WSFS officially kicked off the Food Drive last week…
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‘Fusing Fandom with Personal Finance,’ Firstrust Bank Launches Kelly Green Debit Cards for Eagles Fans
As the Eagles gear up to don their nostalgic Kelly Green jerseys against the high-powered Miami Dolphins on Oct. 22, fans now have a new way to flaunt their team spirit. In their wallets. Firstrust Bank, the Official Bank of the Philadelphia Eagles, has launched a Kelly Green debit card exclusively for Eagles FirstPay Checking…
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Money Management for Millennials: Simple Steps for Creating Long-Term Wealth
Wealth-building strategies matter a lot to millennials — and for a good reason. This generation was born between the early 1980s and the mid-1990s, so the oldest are now in their early 40s and the youngest are nearing the end of their 20s, placing them in the prime of their working years. Millennials face challenges…
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