Business
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Retired NBA player David Robinson enters KoP office market
David Robinson retired from the NBA in 2003 but continues to make moves off the court in the real estate business. Robinson, nicknamed the Admiral, co-founded Admiral Capital Group. Admiral Capital Group is a real estate and private equity investment firm that recently acquired Valley Forge Park Place, a two building office property in King…
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Covenant Bank expands to full-service location in Paoli
Covenant Bank CEO John C. Spier and COO Blair T. Rush have announced that a full-service branch of the bank will open on March 4 at 1500 East Lancaster Avenue, Suite 105, in Paoli. This location will offer a full menu of loan and deposit products for individuals and businesses and will also accept deposits…
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Dave Says: Making purchases at zero percent interest
Dear Dave, I know you’re against financing purchases. However, is it okay to finance things like furniture at zero percent interest? Detrick [uam_ad id=”54865″] Dear Detrick, We just finished an extensive study of more than 10,000 millionaires. Not a single one of these folks said they became rich by borrowing money to buy things at…
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Joseph Vanelli III joins Wesselt Capital Group as agent, strategic planning analyst
Wesselt Capital Group announced that Joseph Vanelli III has joined the firm as an agent and strategic planning analyst. In this role, Vanelli will analyze the financial portfolios of clients to assist them in strategically planning for all current and future financial needs with the goal of helping them achieve financial security. [uam_ad id=”54865″] Vanelli…
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Univest Financial Corp. streamlines wealth services as Girard
Univest Financial Corporation (Nasdaq: UVSP) parent company of Univest Bank and Trust Co., marked the fifth anniversary of the acquisition of registered investment advisory (RIA) firm formerly known as Girard Partners, LTD., with a commitment to the Girard brand. Effective January 1, 2019, Univest’s full-service, wealth division began delivering its wealth management and investment services under…
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Malvern Bank to open office in Hartshorne Mansion
Malvern Bank, National Association intends to open a Private Client Representative office in West Chester in February 2019. The new private client office will be located in the Hartshorne Mansion located at 535 North Church Street. “The new West Chester office is well situated to serve the needs of our growing client base in Chester…
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Santander Bank names Ambler woman ‘Top Quarterback’
To cap off the second season of the ‘Santander Community Quarterback’ program, Santander Bank and the Philadelphia Eagles recognized 10 program honorees and announced the Top ‘Community Quarterback’ during a special celebration at Lincoln Financial Field. During the celebration, Santander Bank and the Philadelphia Eagles announced that Anne Keenan, Reading Recycled, of Ambler, was voted this season’s Top ‘Community…
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WSFS Bank completes president and CEO transition
As planned, Rodger Levenson is the new President and Chief Executive Officer of WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, and a member of its Board of Directors. His new roles became effective January 1, 2019. Mr. Levenson is a long-time banker in the Greater Delaware Valley and has been a…
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Ardent Credit Union to launch lines of credit for pet owners
You just never know when Fido is going to need a new addition to his dog house, or when Fluffy might have to go in for a dental emergency, so why not be ready when the time comes a barking, or calling. Ardent Credit Union introduced a new way for pet owners to deal with…
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TruMark ‘drains one from downtown’ with Sixers partnership
Call it a slam dunk. Call it nothing but net. There are countless cliches for the recent partnership between the Philadelphia 76ers and TruMark Financial Credit Union. TruMark Financial of Fort Washington becomes the first-ever “Official Credit Union” of the basketball team with the signing of the new agreement, writes John George for Philadelphia Business…
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Be ‘Merry’ with Malvern Bank, National Association
The holidays are a season for giving and spending time with loved ones. To celebrate, Malvern Bank, National Association will be a sponsor of “Malvern’s Christmas on King” event on Saturday, Dec. 1. Christmas on King is produced by the Malvern Business & Professional Association. The holiday event will feature a variety of performances and…
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Malvern Federal Charitable Foundation awards grants to local nonprofits
Malvern Federal Charitable Foundation has awarded 11 grants totaling $105,000 to charitable, nonprofit organizations in its local markets. The organizations receiving grants are: The Timothy School in Berwyn is the state’s oldest nonprofit school devoted exclusively to the educational needs of autistic children. The school works to develop an understanding of autism that recognizes the…
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Educating seniors on financial fraud one way Malvern Bank gives back
“I always go back to thinking that if it were my grandmother or grandfather, I would want them to be made aware of this,” said Glen Pierson, Vice President/Financial Sales Manager of Malvern Bank, National Association. Pierson is talking about financial exploitation and fraud aimed at seniors, and he and his bank recognized the need…
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Tech Talk: Another mainstream move for cryptocurrency
While the language, and the product still sounds a little cryptic, cryptocurrency and the blockchain technology that drives it took another step into the mainstream thanks to Fidelity Investments. Fidelity Investments has launched a new company for its institutional clients that will trade and store digital assets such as bitcoin, the asset manager said on…
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Tech Talk: Cryptocurrency hedge funds continue launching at record pace
Hedge funds are not hedging their bets when it comes to cryptocurrency. Ninety cryptocurrency hedge funds launched in the first three quarters of 2018, on track for 120 for the fiscal year, according to Crypto Fund Research. The record rate of new crypto hedge fund launches defies traditional thinking that hedge funds tend to launch most…
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Tech Talk: Blockchain holds promise for subcontractors
Every new building should begin with a solid foundation, everyone knows that, but how the people who build those foundations are paid, may be changing dramatically as cryptocurrency continues to grow along with the technology it was built on. Blockchain technology holds the potential to change how builders hire and pay subcontractors and suppliers, but…
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JPMorgan Chase to add 50 branches and 300 employees to Philadelphia region banking scene
If it seems like there’s a bank on every corner, or at the very least in every square mile in the Philadelphia region, it’s because that’s a fairly accurate assessment. Now, JPMorgan Chase is going to make sure that statement is right on the money. In a move that is sure to shake up an…
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Tech Talk: Information technology transforms banking
Money, in the form of credit, account balances, and even cryptocurrency, is really nothing more than stored bits information, and so perhaps it’s no surprise that information technology has changed the banking sector more than any other. Technology has opened up new markets, new products, and new services and provided more efficient delivery channels, writes …
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