Business
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Vanguard’s Chief Economist Labels Fed Benchmark Interest Rate Cut a ‘High-risk Bet’
Roger Aliaga-Diaz, Chief Economist, Americas for Malvern-based Vanguard issued the following statement regarding The Federal Reserve’s reduction of its benchmark interest rate by a half percentage point earlier today: . [quote] We believe the announcement by the Fed today to cut interest rates was premature given the lack of data suggesting a significant drag on…
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Citadel Excited to ‘Add to the Economic Momentum’ in Montco with New Branch in Montgomeryville
Citadel, which is currently ranked No. 1 among all credit unions in Pennsylvania for providing value to savers and borrowers, will open its newest branch in Montgomeryville on March 11. The new branch – Citadel’s 24th in southeastern Pennsylvania and seventh in Montgomery County – is conveniently located on Bethlehem Pike, across the street from…
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Malvern Bank Donates Monthly ATM Fees to Local Nonprofits
Malvern Bank, National Association has begun donating revenue from monthly ATM fees to local nonprofits on a quarterly basis. Based upon last year’s fourth-quarter ATM revenues, the bank made its first donations totaling $1,220 to the following nonprofits: The Timothy School in Berwyn received $579 from the Berwyn branch office’s ATM receipts. Royer-Greaves School for…
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Covenant Bank Helps to Strengthen Communities with $400,000 in EITC Contributions
Blair T. Rush, President and Chief Operating Officer of Covenant Bank, has announced that Covenant Bank has contributed $400,000 to deserving nonprofits located in Bucks, Montgomery, and Chester counties. The bank has made these contributions through the Educational Improvement Tax Credit (EITC) program for almost 10 years. These funds have supported the Scholarship Organization, Educational…
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Malvern Bank’s Annual Food Drive Collects 284 Pounds of Food for West Chester Food Cupboard
Malvern Bank, National Association recently donated 284 pounds of food to the West Chester Food Cupboard. The donation was the result of the bank’s winter Food Drive, during which customers and employees donated non-perishable food items at the bank’s branch offices from Nov. 15 to Dec. 20. Also, Malvern Bank presented a check for $518…
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Ardent Credit Union Receives Patent for ‘Cube’ Branch Design That Debuted in Collegeville
Ardent Credit Union has received a patent from the U.S. Patent and Trademark Office for its “Cube” branch design that debuted in GlaxoSmithKline’s Collegeville offices in late 2018, writes Aaron Passman for the Credit Union Journal. The branch is 10 feet tall, 14 feet wide, and 14 feet long. It is designed as a full-service…
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Univest Awards $5,000 to Kisses for Kyle Foundation as Winner of Caring for Community Giveaway
Univest Financial recently announced Kisses for Kyle Foundation as the winner of its eighth annual Caring for Community Giveaway, a contest that awards $5,000 to a local nonprofit. Kisses for Kyle offers a variety of services to families fighting childhood cancer in the Delaware Valley. Founded in 2001, Kisses for Kyle currently assists more than…
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See How Montgomery County Ranked among Top Ten Best Places for Women to Save Money in Pennsylvania
Montgomery County is the second-best place in Pennsylvania for women to save money, according to a recently published study by SmartAsset. To determine the rankings for its Best Places for Women to Save list, the financial technology company analyzed county-level data on income for women working full-time over 12 months. Using federal and state tax…
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Haverford Graduates Get Helping Hand from College’s Debt-Relief Program
Haverford College is tackling the issue of mounting student debt by offering some of its graduates a helping hand with its debt-relief program, writes Susan Snyder for The Philadelphia Inquirer. The program is financed through a college endowment fund that began in 2014 with a $2 million donation from the family foundation of alumnus Steven…
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King of Prussia-Based Morgan Properties Bought $5.3 Billion in Loans from Freddie Mac Last Year
Morgan Properties, the King of Prussia real estate company known for ownership of Class B apartment properties, grew its multifamily credit portfolio significantly last year by acquiring $5.3 billion in loans from Freddie Mac, writes Natalie Kostelni for the Philadelphia Business Journal. The five deals marked the biggest year for Morgan Properties since it launched…
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Montgomery County Leadership: Kurt Kunsch of Phoenixville Federal Bank & Trust
Kurt Kunsch, Senior Vice President and the Trust Managing Director at Phoenixville Federal Bank & Trust, spoke with MONTCO Today about growing up in Phoenixville, excelling in football and track and field in both high school and college, and bearing witness to the borough’s renaissance, which, he believes, was sparked by the saving of the…
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Hatboro Federal Savings Presents Total of $222,222 in Donations to Nine Educational Organizations
Nine local educational organizations have received a total of $222,222 in donations from Hatboro Federal Savings, according to a staff report from the Montgomery Media. All of the benefiting organizations had to meet the criteria for Pennsylvania’s Educational Improvement Tax Credit Program. This allows tax credits for eligible businesses that donate to a scholarship, educational…
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Philadelphia Area Woman Part of Equal Pay Class Action Lawsuit Involving 3,000 Women
Allison Gamba was a success in the investment business at Goldman Sachs, writes Alexia Fernandez Campbell for vox.com. She went to business school. She sat on the New York Stock Exchange. She turned mediocre stocks into top-performing investments. She put in nine years at the company and was doing the job of managing director, overseeing…
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Have Yourself a Debt-Free Holiday
With the holidays swiftly approaching, so is the pressure of holiday shopping. Buying for others is fun and the holiday season often brings out our generosity, but without planning ahead it can be easy to go overboard and spend more than you intend. Here are some helpful hints to avoid draining your bank account so…
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MONTCO Careers – Prudential Financial
Prudential Financial has helped individual and institutional customers grow and protect their wealth for more than 140 years. Prudential has operations in Asia, Europe, Latin America, and the United States, including a local office in Dresher. Project Management Specialist This position manages small- and medium-sized projects in accordance with company methodologies; develops and manages project plans to ensure…
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Phoenixville Federal Bank & Trust Ushers in Holiday Season with Annual Children’s Christmas Party
For the past 21 years, the staff and board of Phoenixville Federal Bank & Trust, a community bank committed to improving the quality of life in the communities it serves, have delighted children and parents with an Annual Children’s Christmas Party. More than 500 people recently attended this year’s party at the Colonial Theatre, and…
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Smead Capital Management To Open East Coast Sales Hub In West Conshohocken
Smead Capital Management, the Seattle-based investment adviser, will make West Conshohocken its East Coast sales hub when it opens a new office there in January, writes Jeff Blumenthal for the Philadelphia Business Journal. The new hub will provide better services to clients along the eastern coast and reduce the time required to travel to serve…
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More Can Benefit From Student Loan Discharge Program Designed to Help Those With Disabilities
A student loan discharge program meant to erase student debts for those with significant and permanent disabilities is only helping a fraction of targeted borrowers, writes Cory Turner for the NPR. The program targets borrowers such as Drew Lehman of Lansdale, who could no longer work following a traumatic car accident. So far, only 28…
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