Business
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Community Involvement a Hallmark of Malvern Bank, One of Region’s Fastest-Growing Companies
Malvern Bancorp – the parent company of Malvern Bank, National Association – has been named to the Philadelphia Business Journal’s 2019 list of the 76 fastest-growing companies in Greater Philadelphia. The list was determined by revenue over a three-year period from 2016 through 2018. Malvern Bancorp placed 59th. “Making the ‘Soaring 76’ list is an…
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What Homebuyers Need to Know About Interest Rates
As a home buyer, one of the biggest questions you probably have when looking for a mortgage lender is, “what is your rate?” The answer is there are lots of factors that influence a consumer’s mortgage interest. You have probably heard that the Federal Reserve (Fed), or, Federal Open Market Committee (FOMC), officially cut benchmark…
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Huntingdon Valley Bank Grows Its Commercial Lending Team to Nine
Huntingdon Valley Bank is continuing its push into commercial banking by adding a team of three lenders from Mid Penn Bank to its Center City loan production office, writes Jeff Blumenthal for the Philadelphia Business Journal. The Huntingdon Valley-based bank entered the commercial banking world together with its parent company, HV Bancorp, in March. At…
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Malvern Bancorp Honored for Having 20 Percent or More of Its Board Seats Held by Women
Malvern Bancorp – the parent company of Malvern Bank, National Association – has been named a Winning “W” Company, a designation by 2020 Women on Boards for companies that have 20 percent or more of their board seats held by women. Winning “W” Companies are cited in the national education and advocacy campaign’s Gender Diversity…
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Lockheed Martin Awarded New Reentry Vehicle Contract, Majority of Work To Be Carried Out In King of Prussia
The majority of the work for the latest $108 million contract awarded to Lockheed Martin by the U.S. Air Force for the Mk21A Reentry Vehicle program will be carried out in King of Prussia, according to a staff report from the Defence Blog. The contract was announced last week by the Department of Defense. Lockheed…
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San Jose-Based Anpac Bio Is Expanding to East Coast, Plans to Move Headquarters to Lower Gwynedd
Anpac Bio, a biotechnology firm based in San Jose, is planning to move its headquarters to a newly- constructed office facility in Lower Gwynedd in March next year, writes Katie Park for The Philadelphia Inquirer. The company that specializes in early cancer detection signed a 10-year lease for space at the Spring House Innovation Park…
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Hamilton Lane Moving to Conshohocken from Bala Cynwyd So Employees Can Be in One Location
Hamilton Lane has signed a long-term lease to move its Bala Cynwyd headquarters to a yet-to-be-developed Seven Towers building in Conshohocken to get its employees under one roof, writes Natalie Kostelni for the Philadelphia Business Journal. The company’s headquarters is currently housed in three buildings in Bala Cynwyd. In its search for a new home,…
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MCCC Offering Free Estate Planning Seminar During National Estate Planning Awareness Week
A free seminar on estate planning is being offered by the Montgomery County Community College Foundation’s Planned Giving Advisory Council in conjunction with National Estate Planning Awareness Week. “Estate Planning: 10 Stories from the Front Line” will take place on Monday, Oct. 21, from 8:00 to 10:00 AM at College Hall on Central Campus in…
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Oliver Tyrone Pulver Secures Anchor Tenant, Financing for Conshohocken $112M Office Building
With financing and an anchor tenant in place, Oliver Tyrone Pulver is now ready to start building Seven Tower Bridge, a $112 million office building in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal. The 14-story riverfront building will be anchored by Hamilton Lane, which will move from its current offices in Bala Cynwyd.…
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Malvern Federal Charitable Foundation Awards Grants to 14 Nonprofits
The Malvern Federal Charitable Foundation – the charitable arm of Malvern Bank, National Association – has awarded 14 grants totaling $105,000 to nonprofits in its local markets. The organizations were awarded grants at an event held at The General Warren Inne in Malvern, where Laura Fredricks, the founder and CEO of The ASK and a…
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Main Line Mom Among Many Parents Facing Allowance Dilemma
Erin Tessler of Bryn Mawr is one of the many parents struggling with deciding how to handle the allowance situation as their children are growing up, writes Alfred Lubrano for The Philadelphia Inquirer. According to a new survey conducted on behalf of the American Institute of Certified Public Accountants by the Harris Poll, the average…
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Temple Prof Helps State Police Crack Decades-old Cold Case
In 2015, Byron Wolfe of Villanova helped Pennsylvania State Police detective Andrew Martin enhance 24-year-old photographs, writes Vinny Vella for The Philadelphia Inquirer. His two hours of work would eventually lead to the Sept. 3, 2019 arrest of Theodore Dill Donahue in the 1991 slaying of Denise Sharon Kulb, his ex-girlfriend. Investigators said the photo…
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Jill L. Duncan Joins United Way of Greater Philadelphia and Southern New Jersey as Controller
United Way of Greater Philadelphia and Southern New Jersey (UWGPSNJ) has named Jill L. Duncan controller, overseeing all day-to-day financial operations and lead United Way’s finance team. She joined the leadership team officially in July. Duncan brings 20 years of nonprofit expertise. “Joining United Way’s team was a natural step for me and allows me…
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Philadelphia Magazine: Royersford Financial Specialist Balances Work, Fitness Instruction
Royersford’s Kailin Vollmuth balances her job at Oaks-based SEI Investments with working as a spin instructor at StRIDE Spin and Fitness Studio in Phoenixville, writes Laura Brzyski for the Philadelphia Magazine. The 26-year-old financial specialist has been active and into sports since childhood. This made her realize all the benefits of actively working towards staying…
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Two Local School Districts Likely Owe Millions to Bankers Over Market Hedging Attempt
An attempt to hedge the market backfired on two local school districts, which will most likely have to pay millions of dollars to Wall Street bankers next summer, writes Joseph N. DiStefano for The Philadelphia Inquirer. Last year, Upper Merion and Colonial districts took the advice of Public Financial Management advisers and purchased so-called interest-rate…
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Seven Ways for Business Owners to Stay Ahead of the Curve
By John Duerksen, Executive Vice President, Commercial Banking, Univest Bank and Trust Co. Early in my banking career, I met with a business owner who expressed interest in moving his company’s banking relationship to Univest. Business revenue was in steady decline and several key employees had left over the years, both of which were due…
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Brian Westbrook shares lessons that helped him become venture capitalist at Conshohocken’s Seventy Six Capital
During the keynote address at the Philadelphia Alliance for Capital and Technologies’ annual capital conference, Brian Westbrook took the opportunity to share the lessons that helped him go from NFL star to venture capitalist at Conshohocken’s Seventy Six Capital, writes Michelle Caffrey for the Philadelphia Business Journal. The former Eagles running back emphasized the importance…
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Personal Finance: Regain momentum to finish the year strong
By Christy Wright Can you believe there are only three months left in 2019? I think the hardest part about getting to this season is realizing you haven’t thought about the goals you set in January since, well…January. But don’t be too hard on yourself. The good news is that goals and progress aren’t dates…
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