Business
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U.S Navy Sends Pottstown-based VideoRay a $16.1M Order for Underwater-Operated Vehicles
Pottstown-based VideoRay has received a $16.1 million order from the U.S. Navy for its Mission Specialist Defender underwater remotely operated vehicles, as well as all related components for its Maritime Expeditionary Standoff Response program. The Montgomery County manufacturer lists the product’s uses as ranging from the dangerous — defusing explosives — to the benign: cleaning…
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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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Tech Firm Boomi Hopes King of Prussia Move Fuels Growth
Chester County-based Boomi is eyeing a new space in King of Prussia. One of the most successful start-ups in the area, Boomi’s CEO Steve Lucas is looking to expand internationally and is confident that the company can soon generate $1 billion in revenue from its new location. The company provides cloud software to Dropbox,…
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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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Citadel Credit Union Enjoys Significant Growth After Assets Increased 20 Percent Last Year
In 2022, Citadel Credit Union’s assets increased a record-breaking 20.1 percent from $4.6 billion to $5.6 billion. During the year, Citadel continued to have strong deposit growth at 15.7 percent over 2021. Not only was 2022 a significant growth year for Citadel, it was also named a Best-in-State Credit Union by Forbes. As recently as…
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C&N Promotes Tom Howley to Vice President and Commercial Lending Relationship Manager II
C&N announces that Thomas Howley has been promoted to Vice President and Commercial Lending Relationship Manager II, based in Doylestown. Howley has been with C&N since 2020, joining through the Covenant Bank acquisition. In his role as Commercial Lending Relationship Manager, Howley demonstrated a commitment to: He was instrumental in guiding his clients and prospects…
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Local Panel Weighs in on Artificial Intelligence’s ChatGPT; Montco Natives Express Unease
Two Montgomery County residents were in a 14-person artificial intelligence (AI) demonstration designed to gauge reactions. Representing machine learning was ChatGPT, whose technological abilities include content creation. Rich Thau and Matt Steffee reported results in smerconish.com. Organizers asked the chatbot to theorize on a Beatles album created if they had stayed together. Further, they asked…
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Conshohocken’s Firstrust Bank Leverages Time-Tested Experience to Ward Off Financial Sector Woes
The Silicon Valley Bank failure has caused a banking industry uptick in diligence, as reported by Joseph N. DiStefano in The Philadelphia Inquirer. At Firstrust Bank, Conshohocken, the increased oversight comes atop its vast experience. Early in the recent financial sector industry unsteadiness, Firstrust Bank accented high-quality consumer and home mortgage loans, related Tim Abell,…
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Marketing Mastery with IT Edge: Why Is Social Media Important?
In today’s day and age, everybody knows how popular social media is. From Twitter, Facebook, Instagram, and TikTok, there are countless ways for people to share their message to the world. While many people may think that social media accounts are only for personal use, there are several reasons why plugging your business into social…
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Local Tech Company IT Edge Featured In Western Chester County Chamber Video
Founded over 30 years ago, local technology consulting company IT Edge has been dedicated to helping small businesses find IT solutions that work for them. From center city Philadelphia to Coatesville, IT Edge operates all over the greater Philadelphia area and surrounding counties. Recently, IT Edge was the subject of a video series brought to…
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DunlapSLK Provides Tax-Wise Tactics to Save for College
Parents worried about the rising cost of higher education take note: There are several tax-favored ways available to fund your child’s future education costs. Series EE Savings Bonds are one tax-wise way you can help defray college expenses. There are stipulations for how the funds may be used, and you must purchase the bonds in your…
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C&N Wealth Management Joins Institution Services Platform of LPL Financial
C&N Wealth Management has joined LPL Financial’s Institution Services platform. C&N’s leaders reported having served approximately $475 million in brokerage, advisory, and retirement plan assets. They were previously affiliated with Cetera Financial Group. C&N opened its first location in Wellsboro, Pa., during the height of the American Civil War. Since 1864, the company has expanded…
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Main Line Social Media Group Connects Millennials for Conversation, Bonding, and Things to Do
A “suburban social group” on MeetUp has become a must-have for Main Line residents looking to widen their circle of friends. Abigale Wolfe reported its success for Main Line Tonight. The full name is the Philadelphia Main Line 20’s and 30’s Suburban Social Group. Its MeetUp presence is thanks to Michael Wehar, a Swarthmore College…
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University of Pennsylvania Ranks Among Top 5 Colleges for Finance Salaries
A new ranking compiled by the Burning Glass Institute puts University of Pennsylvania among the top five colleges for finance salaries, writes Kailyn Rhone for The Wall Street Journal. The goal of the ranking is to determine what effect someone’s school has on his or her salary, given that the career choice and the number…
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Penn Community Bank Adds Three New Local Leaders to Its Board of Directors
Penn Community Bank welcomed Becky Bradley, Ram Mohan, and Robert W. Pritchard to its board of directors. “We are pleased to welcome Becky, Ram, and Rob to Penn Community Bank’s board,” said Bill Larkin, Chair of the Penn Community Bank Board of Directors. “Each brings a wealth of professional and community experience, and will immediately make…
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Chester County’s StreamGeeks Cultivate Global Following in Online Video Production Community
Paul Richards and Tess Protesto have made a name for themselves as a dynamic duo in the online live-streaming and video production community. As the faces of the renowned camera brand PTZOptics, the two have cultivated a global following while staying true to their local roots. PTZOptics’ technology campus in Downingtown employs more than 50…
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How Living in Montgomery County Yields a $50–$100 Windfall over Living Elsewhere
Tick-tick-tick. That subtle elapse of the April calendar is an annual reminder that it’s income tax season, and time’s a-wasting. Although it may be a mixed bag from household to household, SmartAsset has calculated that a regional assessment of refunds may spur local filers to submit sooner rather than later. Nationally, 70 percent of American…
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Montgomery County Leadership: Jared Utz, Regional President, Mid Penn Bank
Jared Utz, Regional President, Southeastern Region of Mid Penn Bank, spoke to MONTCO Today about growing up in Philadelphia, near Fairmount Park. He was also drawn to sports, competing in cross country and tennis as well as teaching tennis as a high schooler. Utz also worked for his father’s consumer finance company from a very…
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