Professional Services
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Malvern Bank to Be Acquired By New Jersey-Based First Bank
First Bank and Malvern Bancorp, Inc., the parent company of Malvern Bank have announced that they have entered into a definitive merger agreement pursuant to which First Bank will acquire Malvern Bancorp, Inc. and Malvern Bank in a transaction valued at approximately $149.5 million. The merger has been unanimously approved by the boards of directors…
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Meridian Bank Appoints Christine Helmig to Board of Directors
Meridian Corporation has appointed Christine M. Helmig, CPA, to an open position on the Board of Directors of Meridian Corporation and its principal subsidiary, Meridian Bank, effective immediately. “Ms. Helmig is a great addition to our Board of Directors,” said Chris Annas, Chairman. “Chrissy has been a long-standing friend of Meridian. Her experience and dedication…
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Montco Residents Could Soon Get Home Repair Assistance
A new state-wide program could help Montgomery County residents struggling to repair their homes. The Whole-Home Repairs Program is investing a total of $125 million to make homes safer throughout the state, writes Michaelle Bond for The Philadelphia Inquirer. The program aims to help people with “low and moderate” incomes to upkeep, repair or weatherize…
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Applying for Financial Aid: What You Need to Know
After discussing the options with your parents or guardian about how you plan to pay for college, you may determine that financial aid is the way to go. As a 32-year financial aid professional, I have some tips to help you navigate the complex process. Before Applying for Financial Aid Talk to Your School Counselor …
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What Is the Difference between Medicare and Medicaid?
Medicare and Medicaid are both government-run health insurance programs, so people often get them confused. Medicare Medicare is a federal health insurance program that provides coverage for people who are 65 or older, certain younger people with disabilities, and people with end-stage renal disease, Eligibility requirements for Medicare can differ, depending on the type of…
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Downingtown Financial Planner Advises Against Taking Cash for Winner of Nov. 5 $1.5-Billion Powerball Drawing
The extremely lucky winner of the $1.5 billion Powerball prize now faces major decisions, including whether he or she wants to take cash, which would pay out $745.9 million, or choose the $1.5-billion annuity option, which pays out twice as much but over 29 years, writes Scott McFetridge for FOX 29 News. Under the annuity…
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President of Manor College, Jenkintown, Offers Educator’s View on Student-Loan Debt Forgiveness
Student-loan debt forgiveness is a contentious national issue because of perceived fairness. Our nation is divided on partisan lines. On one hand is the relief needed by recent college graduates in a post-pandemic economy; on the other is the issue of undue taxpayer burden. Both arguments have merit, albeit unequal. Unfortunately, while one side argues…
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Cost-of-Living Woes Hit American Families Coast to Coast, but How Bad (Or Good) Are Things Here?
To quantify the current household effect of inflation and other economic woes, SmartAsset has parsed data with enough granularity to not only reveal state trends, but county ones, as well. Its regional evaluation of 2022 purchasing power assessed of the varying outlays for: Housing Food Taxes Education/Childcare Transportation Healthcare Household items, clothing, electronics, etc. The…
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Vanguard’s Newest Edition of ‘How America Saves’ Details How Retirement Plans Should Evolve for Modern Workers
Malvern’s Vanguard released the newest edition of How America Saves, the firm’s seminal report on 401(k) plan design and retirement savings habits. Through its annual, comprehensive analysis of nearly five million 401(k) accounts record-kept at Vanguard, the report reveals additional plan design opportunities employers can address to further improve workers’ retirement readiness. While employers have made significant…
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Climbing Grocery Costs Has Montco Shoppers Peeling off More Green to Purchase Greens
April provided a modest reprieve in inflation, dropping to 0.3 percent from March’s staggering 1.2 percent. Nonetheless, some grocery items still saw prices steeply climb, writes Lauren Liebhaber for Stacker. Year-over-year, the cost of groceries went up by 10.8 percent, the largest annual foodstuff increase in more than four decades. The increase was primarily driven…
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Here’s a Suspension Montgomery County Students Can Get Behind: Student Loan Payments
In perhaps a twist on the concept, students in Montgomery County and across Pennsylvania. are appreciative that they’ve gotten a suspension. In this case, it’s the Biden administration’s pause on repayments of federal student loans — a temporary relief action that many hope will continue. Taylor Allen and Mike D’Onofrio studied the implications for Axios.…
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Feds Consider Extending Student Loan Repayment Moratorium; Pa. Borrowers Appreciate the Suspension
In perhaps a twist on the concept, students in Pa. are appreciative that they’ve gotten a suspension. In this case, it’s the Biden administration’s pause on repayments of federal student loans — a temporary relief action that many hope will continue. Taylor Allen and Mike D’Onofrio studied the implications for Axios. U.S. student debt has…
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Pottstown and Royersford-based CPA Firms Acquired by Herbein + Company in Spring Township
Herbein + Company, a Spring Township-based certified public accounting firm, has acquired Pottstown-based Cappelletti, Pinter & Company and Royersford-based The LaMastra Group P.C., writes Evan Jones for the Reading Eagle. Matthew Cappelletti Jr., CPA, leads Cappelletti, Pinter & Company. As part of the merger, he will join Herbein as a senior consultant. The firm has…
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Phila. Cost of Living Rate: It’s One Tenth of a Percentage Point Cheaper Living in Vegas Than Here
In the past decade, the Philadelphia-Camden-Wilmington metro area recorded the fourth-lowest cost of living increase out of 55 large-sized metro areas, writes Ryan Mulligan for the Philadelphia Business Journal. A new report by Filterbuy ranked areas with the highest cost of living rise over the past ten years. The analysis looked at cities with more…
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Lotto Luck: Local Resident Ushers in New Year as 2022’s First Millionaire in PA
Chester County’s Honey Brook resident Brian Mineweaser rung in 2022 as the “Powerball First Millionaire of the Year” after he became the lucky winner of the $1 million Pennsylvania Lottery, writes Carly O’Neill for FOX 43. He was randomly selected in a drawing among the five finalists and was delivered the good news during ABC’s…
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Unlocking Pottstown’s Potential: Diversity-Focused Investors Conference a Virtual Success
The upbeat, online Pottstown Investors Conference showcased the resilience within the shared city’s business community. It also shared the tangible, rich opportunity that exists if entrepreneurs, investors, and residents embrace diversity as a driver for sustainable economic and nonprofit success. About 150 registrants participated in the free, virtual event, hosted by Hobart’s Run, Pottstown Area…
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Virtual Pottstown Investors Conference Focuses on Diversity and Resilience
The Fourth Annual Pottstown Investors Conference sponsored by Hobart’s Run, The Hill School, Pottstown Area Industrial Development, Inc. (PAID), and The Borough of Pottstown will be presented in a virtual format on Friday, April 16. The conference kicks off at 8:45 a.m. with on-line sign-in. There is no charge to interested individuals. Interested participants should register…
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Thanks to Keystone Scholars Program, Lansdale Family Starts Saving for Their Baby’s College Early
Alex and Bridget Felts of Lansdale have started saving for their daughter Rowen’s college education early with the help of the Pennsylvania Treasury’s Keystone Scholar program, writes Rita Giordano for The Philadelphia Inquirer. However, the pair nearly missed out on the opportunity to get a $100 starter deposit for future higher education expenses from the…
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