Banking & Finance
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Souderton-based Univest Expands into Baltimore by Hiring Away from Rival Banks
Souderton-based Univest has opened its first branch in Maryland as part of its Baltimore expansion, writes Garrett Dvorkin for the Philadelphia Business Journal. The new Baltimore region is being staffed by many banking teams hired away from the company’s rival banks. The new Greenspring Valley Financial Center in Lutherville-Timonium opened on Tuesday in the presence…
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The Last Time Firstrust Vice President Mort Kolman Sought Employment, James Tate Was Philadelphia Mayor and Richard Nixon Was President
In the current era of career pivots and midlife-crisis profession overhauls, Mort Kolman is a standout. This banking-industry veteran has had but one employer over his 60-year career. He is Vice President of Business Development at Firstrust Bank, which underwent some rebrandings over the decades but remains at its core the same institution that hired…
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Penn Community Bank Holding Massive Region-Wide Day of Service
Eastern Pennsylvania’s largest mutual bank, Penn Community Bank, will hold its second annual Day of Service today. Locations will be closed early and over 300 team members will be volunteering at different places across the region. In addition to hundreds of volunteer hours, the bank is also contributing $150,000 to regional nonprofit partners. Volunteer sites…
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Green Family Foundation and Firstrust Bank Award $365,000 to 24 High School Seniors
The Green Family Foundation and Firstrust Bank recently awarded 24 high school seniors from Greater Philadelphia and the Lehigh Valley with $365,000 in college scholarships at the 54th annual Samuel A. Green Scholarship Program ceremony. The Samuel A. Green Scholarship Program, one of the region’s most renowned high school scholarship programs, granted two-year college scholarships…
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WSFS Bank Teams Up with Philadelphia Union to Launch Co-Branded Debit Card
As the official bank and community supporter of the Philadelphia Union and Subaru Park, WSFS Bank has teamed up with the Major League Soccer franchise to launch a co-branded debit card. WSFS is offering a one-of-a-kind design that features the Philadelphia Union logo and colors to showcase fan support for their hometown team. The card…
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New Meridian Bank Partnership Will Launch Business Credit Card Program
Meridian Bank has partnered with Corserv, an Atlanta company that empowers banks and fintechs with payment programs, to implement an industry-leading credit card program to serve Meridian’s business and commercial customers. Meridian Bank is a $2-billion full service commercial bank, founded in 2004 and headquartered in Greater Philadelphia with offices in Pennsylvania, New Jersey, Delaware,…
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Montgomery County Leadership: Lewis Cyr, Chief Lending Officer, Penn Community Bank
Lewis Cyr, Chief Lending Officer at Penn Community Bank, spoke to MONTCO Today about his role at the bank and his career path from growing up the youngest of six children in a small factory town to the C-Suite at the region’s largest mutual bank. In our conversation, Cyr shared the two key lessons he…
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Access to Capital 101: Explore Your Options
For many small business owners, taking the next step with their business’s growth comes down to available cash flow. Managing cash flow and comparing it to a business’s financial projections allows owners to make important financial decisions to help sustain and grow their business, like applying for a loan. However, gaining access to the capital…
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After 20-Plus Years at the Helm, Citadel Credit Union CEO Announces Retirement
Jeff March, Citadel Credit Union’s longtime President and CEO, will retire by the end of the year, after his successor is selected. This announcement was first shared via an internal memo to all Citadel employees. March began working at Citadel 40 years ago in 1983 and has been in his current leadership role since 2001.…
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Wells Fargo’s Conshohocken Office Gets Familiar Face
Wells Fargo’s Conshohocken’s office will be seeing a new face. After serving as the executive Upstate New York and Eastern Canada, Tara Handforth is heading back to her stomping grounds. She will be the division executive for the mid-Atlantic region, writes Jeff Blumenthal for the Philadelphia Business Journal. Handforth has an impressive resume of…
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Citadel Credit Union Enjoys Significant Growth After Assets Increased 20 Percent Last Year
In 2022, Citadel Credit Union’s assets increased a record-breaking 20.1 percent from $4.6 billion to $5.6 billion. During the year, Citadel continued to have strong deposit growth at 15.7 percent over 2021. Not only was 2022 a significant growth year for Citadel, it was also named a Best-in-State Credit Union by Forbes. As recently as…
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C&N Promotes Tom Howley to Vice President and Commercial Lending Relationship Manager II
C&N announces that Thomas Howley has been promoted to Vice President and Commercial Lending Relationship Manager II, based in Doylestown. Howley has been with C&N since 2020, joining through the Covenant Bank acquisition. In his role as Commercial Lending Relationship Manager, Howley demonstrated a commitment to: He was instrumental in guiding his clients and prospects…
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Conshohocken’s Firstrust Bank Leverages Time-Tested Experience to Ward Off Financial Sector Woes
The Silicon Valley Bank failure has caused a banking industry uptick in diligence, as reported by Joseph N. DiStefano in The Philadelphia Inquirer. At Firstrust Bank, Conshohocken, the increased oversight comes atop its vast experience. Early in the recent financial sector industry unsteadiness, Firstrust Bank accented high-quality consumer and home mortgage loans, related Tim Abell,…
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C&N Wealth Management Joins Institution Services Platform of LPL Financial
C&N Wealth Management has joined LPL Financial’s Institution Services platform. C&N’s leaders reported having served approximately $475 million in brokerage, advisory, and retirement plan assets. They were previously affiliated with Cetera Financial Group. C&N opened its first location in Wellsboro, Pa., during the height of the American Civil War. Since 1864, the company has expanded…
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University of Pennsylvania Ranks Among Top 5 Colleges for Finance Salaries
A new ranking compiled by the Burning Glass Institute puts University of Pennsylvania among the top five colleges for finance salaries, writes Kailyn Rhone for The Wall Street Journal. The goal of the ranking is to determine what effect someone’s school has on his or her salary, given that the career choice and the number…
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Penn Community Bank Adds Three New Local Leaders to Its Board of Directors
Penn Community Bank welcomed Becky Bradley, Ram Mohan, and Robert W. Pritchard to its board of directors. “We are pleased to welcome Becky, Ram, and Rob to Penn Community Bank’s board,” said Bill Larkin, Chair of the Penn Community Bank Board of Directors. “Each brings a wealth of professional and community experience, and will immediately make…
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Montgomery County Leadership: Jared Utz, Regional President, Mid Penn Bank
Jared Utz, Regional President, Southeastern Region of Mid Penn Bank, spoke to MONTCO Today about growing up in Philadelphia, near Fairmount Park. He was also drawn to sports, competing in cross country and tennis as well as teaching tennis as a high schooler. Utz also worked for his father’s consumer finance company from a very…
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WSFS Bank Study Finds Americans Confident Managing Their Money, but Many Factors Impact Financial Security
A new survey from WSFS Bank found Americans are confident managing their money, including 91 percent of respondents in the Greater Philadelphia and Delaware region (89 percent nationally). But 34 percent in the region were not confident they could weather an economic downturn or recession (41 percent nationally). The study, which surveyed 1,001 residents of…
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