Banking & Finance
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WSFS CARES Foundation Provides Grants to Six Community Organizations in the Tri-State Area
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to six community organizations across its footprint as part of its continuing series of philanthropic activities. The grants, approved in the third quarter by the WSFS CARES Foundation board, will support the following organizations: Beat the Streets Philadelphia ($15,000): BTSP is…
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Firstrust Bank Pairs the Fightin’ Phils with Local Child Fighting a Medical Foe of His Own
As the Phils spent an Aug. 23 night squeaking by the Cincinnati Reds in a ninth-inning nail-biter, one fan was not only thrilled to watch the win, but he was also experiencing a dream-come-true moment with his family. Thanks to support from Firstrust Bank and Casey Cares Foundation (a Maryland charitable organization that uplifts critically…
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As One of the Nation’s Top SBA Lenders, Meridian Bank Helps Music-School Franchisees Hit the Right Notes
Bucks County natives Annie Morton and Michael Morpurgo manage two School of Rock locations that provide music education for all ages. They have been teaching a rock-and-roll curriculum since 2005 and are known for bringing an authentic experience and sense of community, creating a unique learning environment. After successfully growing the business for years, in…
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Citadel Credit Union Helps to Raise More Than $2 Million for Cancer Center at Children’s Hospital of Philadelphia
Citadel Credit Union, the presenting sponsor of the CHOP Parkway Run & Walk, has announced an additional contribution for CHOP’s Cancer Center. Presented to CHOP at the 20th annual Parkway event, Citadel doubled its annual total to $300,000 to help CHOP raise a record-breaking $2 million to fund critical childhood cancer research and care. Citadel…
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Understanding Current Tax Implications for Real Estate Investing
With stock market volatility continuing, many investors are looking for alternative strategies. Limited supply and Americans looking for more space or new locations during the pandemic led to red-hot housing markets, leading many investors to consider real estate. But increasing headlines of tax reform and tax legislation change can make it hard for ordinary Americans…
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Refresh Your Small Business’ Approach for the Rest of 2022 and Beyond
With the summer vacation and Back to School seasons in the rearview, many small businesses are turning their attention to the upcoming holiday season to close out the year on a high note. However, with inflation stubbornly lingering and supply chains still experiencing ups and downs in the wake of the COVID-19 pandemic, the status…
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Montgomery County Leadership: Dorothy Jaworski, Treasurer, Penn Community Bank
Dorothy Jaworski, Treasurer for Penn Community Bank, spoke to MONTCO Today about growing up in Conshohocken and Trooper with three siblings. She started working at a bank part-time as a teller in her senior year of high school and loved it so much that she pursued it as a career. Jaworski described why she chose…
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Mid Penn Bank Opens New Financial Center in Montgomery County
Mid Penn Bank has received approval from the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation to open a financial center at 480 Norristown Road in Blue Bell, Pa. Mid Penn currently operates three financial centers and an administrative center that serve Southeastern Pennsylvania. The bank has completed renovations of the new facility…
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C&N Donates $16,000 through EITC to the Bucks County Historical Society
C&N announces its recent donation of $16,000 to the Bucks County Historical Society under the Educational Improvement Tax Credit Program (EITC). The mission of the Bucks County Historical Society, a private nonprofit organization, is is to educate and engage its many audiences in appreciating the past and to help find stories and meanings relevant to…
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Fitch Drops Tower Health Credit Rating; Hospital Leaders’ Blood Pressures Rise in Response
Fitch Ratings has knocked three levels off the Tower Health credit rating, landing it in a “CCC+” financial position. Harold Brubaker covered the downgrade in The Philadelphia Inquirer. The revised credit rating now characterizes Tower Health, owner of Montgomery County’s Chestnut Hill Hospital and Pottstown Hospital, as representing a real possibility of default. The Chestnut…
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City Ave District’s Free Lunch and Learn Sessions to Create Healthy Finances and Hearty Bodies
The City Ave District, the nonprofit organization serving as a catalyst for economic and civic vibrancy across this important corridor, is hosting an upcoming series of free, in-person lunch-and-learn sessions. The first, Money Matters: Financial Wellness 101, is Sept. 28 at 12 p.m. In this introductory financial planning workshop sponsored by Tompkins Community Bank, attendees will get information…
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Small Business Corporate Retirement Plans
In today’s highly competitive recruiting and hiring environment — especially for small and mid-size employers — a retirement plan at work is an indispensable benefit that employees expect. A well-designed plan can help swing a prospective employee’s decision in your favor, and the cost and complexity of company-sponsored retirement plans is decreasing. The IRS provides…
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Firstrust Announces Timothy J. Abell Will Become CEO; Richard J. Green to Serve as Executive Chairman
Firstrust Bank has announced that President Timothy J. Abell will become CEO as part of a long-planned executive transition that will ensure business continuity and growth for the region’s largest and strongest full-service, family-owned bank. Current Board Chairman and CEO , Richard J. Green, who has spent his 45-year banking career building Firstrust, will become…
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State Student Loan Relief Program for Nurses Starts Initial Round of Assistance
The Student Loan Relief Program for Nurses reached a milestone as the Pennsylvania Higher Education Assistance Agency (PHEAA) has started notifying applicants of its selection for the initial round of loans. Robert Swift administered a dose of journalistic skill in bringing the story to the Pittsburgh Post-Gazette. The student loan program for nurses was created…
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Penn Community Bank Collaborates on Effort to LIFT Local Income-Constrained Communities
Penn Community Bank is launching a new financial stability program, LIFT United, to help eligible residents increase their financial literacy, improve their credit scores, and secure low interest used car loans. The bank is partnering with three other business entities on the pilot program: United Way of Bucks County The County of Bucks Credit Counseling…
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Biden’s Student Debt Forgiveness Plan to Bring Relief to Many Pennsylvanians
President Biden’s student debt forgiveness plan announced on Wednesday will provide relief to many Pennsylvanians saddled with student loans, writes Mike D’Onofrio for the Axios. The Biden administration is canceling up to $10,000 in student debt for individual borrowers who earn less than $125,000, as well as up to $20,000 for Pell Grant recipients. In…
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Warrington Man Tapped to Lead New Healthcare Vertical Within WSFS Bank’s Commercial Banking Division
Warrington resident Kevin McKeown has been named WSFS Bank’s Senior Vice President, Director of Healthcare Banking and will lead the new healthcare vertical within the company’s Commercial Banking Division. McKeown will report to Jim Wechsler, Senior Vice President, Chief Operating Officer, Commercial Banking. The Healthcare Banking group will be focused on providing financial services solutions…
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Meridian Bank Among the Top Workplaces 2022 in Philadelphia/Delaware Region
Philadelphia Inquirer Top Workplaces has recognized Meridian Bank as a Philadelphia/Delaware Valley top workplace. The list is based on a 24-question survey administered by Energage and completed by the company’s employees. It measures 15 cultural drivers that are crucial to the success of any organization. These include alignment, execution, and performance, among others. This year,…
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