Business
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See Who Received Highest PPP Loans in Montgomery County
Earlier this week, the U.S. Small Business Administration released detailed information on approved borrowers from the federal government’s Paycheck Protection Program, including those in Montgomery County, writes Matthew Kish for the Philadelphia Business Journal. The SBA was ordered by U.S. District Judge James Boasberg to release the “names, addresses, and precise loan amounts of all…
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Meridian Bank’s Culture of Talent Development Makes It a 2020 Best Community Bank to Work For
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), has named Meridian Bank as one of its 2020 Best Community Banks to Work For. The honor is a testament to the bank’s efforts to create an exceptional work experience for employees. “Community banks have always valued relationships and trust,…
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Near $400K Theft from Ardmore Business Serves as Reminder to Protect Your Business
A bookkeeper has been accused of stealing more than $394,000 from Hynes Roofing and Siding in Ardmore and using the money to buy tickets for sporting events and having plastic surgery, among other things, writes Michael Tanenbaum for the Philly Voice. Montgomery County prosecutors have charged the woman with several felony offenses in connection with…
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How Phoenixville-Based Customers Bank Became the Nation’s Fifth-Largest Provider of PPP Loans
Consider it just another day at the office of your friendly community bank. Customers Bank, which provides a range of banking and lending services from its headquarters in Phoenixville, ranked as the fifth-largest provider of Paycheck Protection Program loans in the nation. Yes, the nation. The bank participated in more than 108,000 loans with an…
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American Heritage Credit Union Opens New Branch in Wayne
American Heritage Credit Union opened its new full-service branch in Wayne Nov. 2 to help better serve its members as well as families and businesses throughout the Main Line community. “Our Board of Directors, associates and I are all excited to expand American Heritage’s service to the Main Line community,” said American Heritage’s President and…
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Malvern Bank Sponsors Brandywine Polo Club for Sixth Consecutive Year
Malvern Bank, National Association was the presenting sponsor of the last match of the Brandywine Polo Club’s summer season. The Richie Jones Memorial Exhibition, named for an avid horseman and member of the Polo Club, was held on Oct. 18. Brandywine Polo Club, a United States Polo Association club, brings the passion of polo and…
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Construction Tech Company’s Loan Exemplifies the Streamlined Service Offered by Meridian Bank’s Equipment Finance Subsidiary
A loan recently acquired by a state-of-the-art construction technology company exemplifies the type of quick, streamlined service that Meridian Bank’s new equipment finance subsidiary offers its customers. When Bill Zandi, co-founder of Robotic Imaging Group in Philadelphia, needed a piece of equipment for his company’s LiDAR technology, he was referred to Meridian Equipment Finance LLC…
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Meridian Bank’s ‘High-Performance Culture’ Helps It Earn ‘Sm-All Star’ Status
Meridian Bank has earned a spot on Piper Sandler’s annual list of top-performing U.S. small-cap banks and thrifts, also known as the “Sm-All Stars.” Piper Sandler, a leading middle-market investment bank and institutional securities firm, publishes this list annually in order to “uncover the next crop of stellar mid-cap banks before they are discovered by…
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First Resource Bank Plays Starring Role in Survival Story of Popular Phoenixville Restaurant
For First Resource Bank, it’s all about relationships. And those relationships are undoubtedly playing a starring role in the survival stories of several small businesses. Zach Hoffman – the owner and operator of Bistro on Bridge, the popular restaurant and craft beer, whiskey, wine, and spirit bar in Phoenixville – credits the bank’s guidance for…
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Malvern Federal Charitable Foundation Awards $100,000 in Grants to 16 Nonprofits
Malvern Federal Charitable Foundation – a charitable arm of Malvern Bank, National Association – has announced that it will award grants totaling $100,000 to 16 different nonprofits in the bank’s markets. The organizations receiving grants are: Children’s Scholarship Fund of Philadelphia is a privately funded program with a mission to provide children from under-resourced families…
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Prestigious USA Today Award, Support from Malvern Bank Put Local Distillery at Forefront of Gin Renaissance
There’s a gin renaissance in America right now, and brothers Don and Scott Avellino are standing at the forefront from their innovative craft distillery in Elverson. The Avellinos are owners of Revivalist Spirts, which produces a lineup of gins that has just earned the ultimate stamp of approval. Revivalist Spirits has won the USA Today…
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Marjorie the Berwyn Bovine Champions Local Businesses During Her Appearance at Malvern Bank
Marjorie the Berwyn Bovine, an ambassador for the community’s small businesses, has been spotted along the Lancaster Avenue corridor throughout the summer. She has stopped at a number of businesses, including Malvern Bank, National Association, to remind everyone of the importance of shopping and eating locally. Marjorie was recently seen at the bank’s Berwyn branch,…
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Souderton’s Univest Bank Continues Regional Expansion, Focuses on Harrisburg Market
Souderton-based Univest Bank is continuing its westward expansion by focusing on the Harrisburg metro area, writes Jeff Blumenthal for the Philadelphia Business Journal. The bank has received state regulatory approval to establish its first retail location in Mechanicsburg, Cumberland County. Despite being designated as a retail branch by the state Department of Banking and Securities,…
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Daniel B. Green of Haverford, Former Firstrust Bank Chairman and CEO, Dies Aged 98
Daniel B. Green of Haverford, the former chairman and CEO of family-owned Firstrust Bank, died on August 26 at his second home in California aged 98, writes Bonnie L. Cook for The Philadelphia Inquirer. Green was the second-generation leader at the bank founded by his father, Samuel A. Green, in 1934. During his tenure at…
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King of Prussia Mall Lord & Taylor Location to Close as Retailer Announces Going Out of Business
Lord & Taylor is officially going out of business and will close all of its remaining stores, including its location as an anchor tenant in King of Prussia Mall, writes Jeff Blumenthal for the Philadelphia Business Journal. The first department store established in the United States filed for Chapter 11 bankruptcy protection several weeks ago.…
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King of Prussia-based Vertex Set to Go Public This Year
Vertex, a family-owned King of Prussia company that tracks sales taxes for businesses around the world with its software, is planning to go public this year, writes Joseph N. DiStefano for The Philadelphia Inquirer. Goldman Sachs is leading the group of banks that are tasked with selling 21.15 million Vertex common shares on the Nasdaq…
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Conshohocken’s Firstrust Bank Is New Official Bank Sponsor of Philadelphia Eagles
Conshohocken-based Firstrust Bank is the new official bank sponsor of Philadelphia Eagles, write John George and Jeff Blumenthal for the Philadelphia Business Journal. The bank has signed an eight-year deal with the team which includes new Eagles-themed banking products such as Eagles checking accounts with debit cards featuring the team’s logo, in-stadium signage, and naming…
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See Which Montco ZIP Codes Received the Most PPP Loans of More Than $150K
Four Montgomery County ZIP Codes are among the highest recipients of federal Paycheck Protection Program loans of over $150,000 in the Philadelphia area, writes Kennedy Rose for the Philadelphia Business Journal. PPP was established to assist businesses to keep their staff on payroll during the COVID-19 pandemic by providing them with loans of up to…
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