Banking & Finance
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5 Financial Decisions to Make With Your Long-Term Partner
Money worries are the leading cause of stress in relationships, but simply having open, in-depth conversations along the way can help reduce some of the pressure. Whether you’re thinking about moving in with your partner, getting married, or you’ve already been together for a while and haven’t had detailed discussions about money, here are five major financial…
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Red Lobster, National Restaurant with Several Montgomery County Locations, Files for Chapter 11 Bankruptcy
Red Lobster Management LLC, the national restaurant chain and its related subsidiaries, filed for Chapter 11 bankruptcy protection late last week in the United States Bankruptcy Court for the Middle District of Florida, writes Sarah Kinbar for the Philadelphia Business Journal. According to the company, the filing is part of a reorganization aimed at maintaining…
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Leverage Your Bank for Success
If you’re a business owner, you already know that the relationships you create across business lines will play a vital role in your success. You also know that sound financial management is a key cog in the wheel that keeps your business turning. This is why building and fostering a healthy relationship with your local bank…
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Penn Community Bank Grant Fights Food Insecurity in Montgomery County
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, is proud to continue its support of efforts to combat food insecurity in the region with a $10,000 contribution to Garden of Health. The North Wales-based nonprofit partners with over 60 hunger relief agencies in Montgomery County and works with 2 large organizations in Bucks County…
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Penn Community Bank Supports Bristol Borough Youth Arts Programs with a $15K Grant
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has awarded a $15,000 grant to Bristol Riverside Theatre (BRT) (120 Radcliffe Street, Bristol) in support of Bristol Borough youth. Penn Community Bank has invested in critical programs for youth through BRT’s Arts Education programs for nearly 20 years. Today, these programs include ArtRageous…
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Firstrust Bank Receives Inaugural Carter Builder Achievement Award from Habitat Philadelphia
In the 1930s, when commercial banks were not lending to his fellow immigrants in South Philadelphia, Samuel Green had a vision to create a secure haven for homeownership for the people in his community, and it’s one that ultimately manifested in the founding of Firstrust Bank. It should come as no surprise, then, that Firstrust,…
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C&N Welcomes Joe Bifolco as SVP, Senior Commercial Lending Relationship Manager
Joe Bifolco has joined the Commercial Lending team at C&N as SVP-Senior Commercial Lending Relationship Manager based in Chesterbrook. In his role, Bifolco will focus on building relationships with local businesses throughout Chester County and the surrounding area. Having spent 27 years in the banking industry, Bifolco has held a variety of positions ranging from…
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American Heritage Credit Union Acquires Three South Jersey Branches, Assets, and Membership from LINKBANK
American Heritage Credit Union has entered a definite purchase and assumptions agree with LINKBANCORP to acquire its banking operations from three branch locations throughout Southern New Jersey. This acquisition includes approximately $105 million in deposits and $123 million in loans. The three branches were previously a part of the Liberty Bell Bank division of The…
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Chris McDermott Joins Meridian Bank as SVP, Commercial Lending
Meridian Bank has appointed Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. McDermott will join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties. McDermott began his long banking career right out of high school. He started as a Clerk at Girard Bank…
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Ambler Savings Bank Donates $45,000 to Methacton School District for Metalwork Lab and Planetarium Upgrades
Ambler Savings Bank has donated $45,000 to Methacton’s Arcola Intermediate School. This contribution helped fund the acquisition of a state-of-the-art plasma cutter and planetarium upgrades, enhancing the school’s STEM (Science, Technology, Engineering, and Mathematics) education capabilities. The plasma cutter will provide students with hands-on experience in metalworking and fabrication, empowering them to explore concepts in…
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Meridian Bank Named a Top 10 Lender by the Pennsylvania Housing Finance Agency
On Apr. 3, 2024, Meridian Bank was named a Top 10 Lender by the Pennsylvania Housing Finance Agency (PHFA) for the year 2023. Meridian Bank has been a lending partner with PHFA for 13 years, and out of the 103 PHFA lending partners in 2023, Meridian once again was a top participating lender. Meridian has finished…
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4 Ways to Reinvest in the Future of Your Small Business
The past few years have certainly thrown quite a few challenges at small businesses, with many reimagining and reinventing their business. While tough economic conditions can certainly impact profits and cash flow, many of the most successful businesses lean in, embrace change, and adapt to market conditions to strengthen their business for the future. Here…
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C&N Promotes Michael Kilgour to SVP-Senior Commercial Lending Relationship Manager
C&N has promoted Michael (Mike) Kilgour to Senior Vice President – Senior Commercial Lending Relationship Manager for the Lancaster and York areas in recognition of his exceptional performance over the almost five years he has been with C&N. Kilgour joined C&N in 2019 as Vice President of Commercial Lending Relationship Management, bringing a wealth of…
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Vanguard Renews Efforts to Get Customers to Embrace Online Banking
Malvern-based investment behemoth Vanguard Group is planning to raise brokerage fees in a renewed attempt to get its holdout customers to embrace online banking, writes Joseph N. DiStefano for The Philadelphia Inquirer. These new fees reflect “changes to our digital interaction expectations” for the company’s 50 million customers. The fees will become effective July 1.…
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Citadel Credit Union Appoints New Members to Its Board of Directors and Supervisory Committee
Jessica Schuler and Madhav Gopal have joined Citadel Credit Union’s Board of Directors, and Crystal Nguyen and Jennifer Frost have been appointed to its Supervisory Committee. These additions reflect Citadel’s ongoing commitment to strong governance, business evolution, and community service. Schuler, previously the Chair of the Supervisory Committee, joins the Board of Directors with extensive experience in the insurance and financial services…
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Firstrust Bank Supports Success of Fast-Growing Video Production Agency in Philadelphia
As a boutique video production agency, 20/20 Visual Media has been telling stories with engaging custom marketing content for clients in a wide range of industries since 2011. In doing so, the people at the Philadelphia-based company are more than directors, producers, and videographers — they’re artists who understand that every great story has plot…
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WSJ: Regulators Seize Philadelphia Bank, Republic First, and Sell It to Fulton Bank
In the latest development in what has been a tumultuous several months for Republic First, regulators have seized the bank and sold it to fellow regional lender Fulton Financial, write Gina Heeb, Lauren Thomas, and Justin Baer for The Wall Street Journal. The bank was closed by the Pennsylvania state regulator and sold after an…
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USA Today, Philadelphia Inquirer Recognize Firstrust Bank as a Top Workplace for 2024
The hard-earned reputation that Firstrust Bank has for treating its customers well starts with the way it treats its employees. After all, they’re the most important assets the bank has for serving its customers. One might even say that Firstrust employees are like a family, which seems appropriate for a 90-year-old, family-owned enterprise. As an…
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