Banking & Finance
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C&N Augments Human Resources Team With Promotions and New Hire
C&N Bank has promoted two internal professionals and added a third to augment its human resources team. Cody Bowen and Dusty Zeyn have been promoted, and Jonathan Grissinger is the new hire. The structural adjustments go to highlight the team’s increased ability to acquire and retain talented teammates who excel in their fields. They also…
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WSFS CARES Foundation’s First-Quarter Grants Benefit Community Organizations in Delaware, Pennsylvania
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to three community organizations located in Delaware and Pennsylvania as part of its continuing series of philanthropic activities. The grants will support the following organizations: “Revitalization and Business Economic Empowerment, Education, and Leadership Development are among the core pillars of the…
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Bala Cynwyd Real Estate Firm Flips Harleysville Bank Building for Nearly 2× Former Purchase Price
Velocity Venture Partners, a Bala Cynwyd real estate private equity firm, has sold the former Harleysville Bank building it purchased in Aug. 2022. Paul Schwedelson, in the Philadelphia Business Journal covered the windfall that resulted. Velocity Venture Partners paid $3.15 million seven months ago for the 26,000-sq.-ft. structure at 480 School Lane. The deed was…
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Norristown Millennial Advises Peers on Wealth-Building: A Savings Account Is Not the Way
Norristown resident Deniesha Scott knows all about Millennials and their current financial struggles. She’s been schooled formally, yes, with a finance degree from Temple University. But she’s also lived the life of a monetarily rocky young adult. Lynette Hazelton reported Scott’s insights on how her generational peers can accumulate wealth in The Philadelphia Inquirer. Scott…
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WSFS Bank and Bryn Mawr Trust’s Women in Wealth Making ‘Measurable Impact’ in Male-Dominated Industry
Wealth management has traditionally seen males take leading roles, a fact that makes WSFS Bank and its Bryn Mawr Trust division somewhat of a unicorn in the realm of financial services. In a male-dominated industry, where businesses still have a long way to go to make gender equity a reality, WSFS boasts a strong lineup…
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C&N Promotes Kelley Cwiklinski to Executive Vice President & Chief Commercial Lending Officer
C&N announces that Kelley Cwiklinski has been promoted to Executive Vice President & Chief Commercial Lending Officer, based in Doylestown. As the Chief Commercial Lending Officer, Cwiklinski will develop, drive and monitor the Commercial Lending function’s annual and long-term business plans and budgets. She will also maintain an effective commercial business development program to ensure…
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Penn Community Bank President & CEO to Lead National Federal Reserve Board Council
Jeane M. Vidoni, president and CEO of Penn Community Bank, has been appointed by the Federal Reserve Board of Governors to serve as president of the national Community Depository Institutions Advisory Council (CDIAC). The national CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are…
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Two High-Profile Bank Failures in One Weekend; C&N Bank President & CEO Responds
The bank failures of Silicon Valley Bank (SVB), Santa Clara, Calif., and Signature Bank in New York City, was a one-two punch to the U.S. financial services industry. C&N Bank President and CEO Brad Scoville issued the following statement on the occurrences. His words, issued from the bank’s Wellsboro headquarters and edited only for style,…
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Why the Right Banking Partner Is Key When Growing Your Business
S. Walter Packaging is a true legacy brand — a custom packaging solutions company founded in Philadelphia in 1904 by Simon Walter with a focus on kraft paper bags and wrappings. Over the years, the company has weathered significant events from the Great Depression to COVID, but more than 119 years later, the company’s resilience…
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PNC Closing Six Regional Branches: How Many and Where in Montgomery County?
Six PNC Bank branches are targeted for closure in the greater Philadelphia area. Jeff Blumenthal identified them, including two in Montgomery County, for the Philadelphia Business Journal. The bank’s intentions to reduce locations came via Feb. 17 filings with the Office of the Comptroller of the Currency, the U.S. Treasury Department bureau charged with chartering,…
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Local Branch Manager Leads First Bank’s New Location in West Chester
First Bank has announced that their newly relocated West Chester branch will be managed by current branch manager and Chester County resident Jessica DiRocco. DiRocco, who was born and raised in Chester County, has been a core team member of First Bank’s West Chester location since the community bank entered the market in 2018. On March…
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Philadelphia Business Journal’s 2023 Power List Finds Firstrust’s Tim Abell Quite Able
When considering area business leaders for its annual Power 101 list, Philadelphia Business Journal Editor in Chief Ryan Sharrow looks for honorees with strength, control, impact, and a special ability to influence change. Tim Abell, one of the notables on the 2023 roster, certainly exhibits those qualities as CEO of Firstrust Bank. Sharrow explains that…
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Penn Community Bank Deploys Loan Origination System to Enhance Customer Experience
Penn Community Bank announced it has implemented the Lenders Cooperative Loan Origination System (LOS), which is focused on small business and commercial product lending. The LOS platform provides a fully online digital experience for the bank’s customers, allowing them to apply for their capital needs anytime, from anywhere. In addition to the enhanced front-end customer…
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Citadel Credit Union Hires Sheri Perkins to Lead Its Retirement & Wealth Management Division
Sheri Perkins has joined Citadel Credit Union’s executive leadership team as the Senior Vice President and Head of Citadel’s Retirement & Wealth Management division and as the Program Manager for CUSO Financial Services, L.P. (CFS). This is a senior leadership role for the company in which Perkins will provide guidance and oversight for the award-winning…
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Firstrust Bank Chairman Richard Green Leveraged Eagles’ Super Bowl Loss into Brand Wins
Super Bowl LVII, a fan disappointment, had a better outcome for the Firstrust Bank brand and chairman Richard Green. Jeff Blumenthal explained in the Philadelphia Business Journal. Green, whose Conshohocken institution is the team’s official bank, noted an organizational uplift after the NFC Championship win. “All of our staff and our customers are much more…
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Citadel Credit Union Earns High Praise from Fortune Magazine
Citadel Credit Union has earned some high praise from Fortune this month. Not only has Citadel been named one of the nation’s 10 best banks and credit unions for February 2023 by Fortune Recommends — the global media organization’s independent arm dedicated to helping readers make smart decisions about the financial and business-related products they…
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C&N’s Stacey Sickler Appointed to the Mortgage Partnership Finance Advisory Council
Stacey A. Sickler, SVP/Director of Mortgage Services, has been appointed as a member of the Mortgage Partnership Finance (MPF) Advisory Council, representing C&N’s membership institution, FHLBank Pittsburgh. The MPF program provides funding through the FHLBank Pittsburgh for conforming mortgage loans, enabling Sickler and her team to offer reasonably priced, 30-year fixed rate mortgages serviced by…
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Are You Ready for the Recent Retirement Enhancements from the Secure Act 2.0?
In December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act to avert a shutdown and fund the federal government for fiscal year 2023. Attached to this 4,126-page bill is the Secure Act 2.0, which changes retirement planning as we know it. The Secure Act 2.0 builds on the original Secure Act passed in 2019…
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