Banking & Finance
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Wells Fargo to Unhitch Its Banking Team from Ardmore Branch
A filing with the Office of the Comptroller of the Currency indicates that the Wells Fargo Ardmore branch is being withdrawn. The West Lancaster Avenue site is exiting with another branch in Hammonton, N.J. Jeff Blumenthal generated reader interest when he brought the story to the Philadelphia Business Journal. The July plug-pulls come after a…
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Penn Community Bank Foundation Seeks to Grant Grant Requests
Penn Community Bank is seeking applications from area nonprofits for grants, issued by its charitable arm, the Penn Community Bank Foundation. Each year, the bank donates five percent of its net income back to the community. The giving mission of the foundation is to make an unparalleled contribution to the region through sustaining annual donations…
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Navigating Middle Market M&A in a High-Rate and Inflationary Environment
Despite the highest inflation rates seen in 40 years, central banks’ efforts to temper inflation by raising interest rates, the ongoing Ukraine conflict, bearish conditions in the public markets, and the lingering supply chain issue created by pandemic uncertainty and response, it is likely that 2022 will see a lot of middle market merger and…
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C&N Bank’s ‘C and N’ Could Just as Well Stand for ‘Compassionate’ and ‘Nurturing’
C&N Bank — whose founding name was “Citizens & Northern” Bank — showed plenty of “compassion” and “nourishing” in a recent philanthropic effort for local underprivileged kids and emergency services personnel. The Giving Back, Giving Together effort was a two-year initiative that targeted a specific need with each edition. Children’s Needs The 2021 program raised…
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Something’s Clearly ‘Happening’ at Ambler Savings Bank
Ambler Savings Bank was voted Best Bank in Montgomery County by customers, a ranking published by the 2022 Montco Happening List. The countywide feedback initiative celebrates the area’s most beloved businesses, people, events, and organizations. Winners are tallied from customer and public votes. Ambler Savings Bank is proud of its service to its customers and…
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Citadel Credit Union’s Business Banking Team Ready for August Launch
Citadel Credit Union is prepared to officially launch its new Business Banking division this August. Earlier this year, the company onboarded a team of business banking experts to build the new division and establish partnerships with clients around the region. Over the past three months, Citadel piloted its business banking offering with multiple organizations ranging…
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Meridian Bank Among Nation’s 200 Top-Performing Community Banks
Malvern-based Meridian Bank has been named a top-performing publicly traded community bank by American Banker, a leading industry organization. Its list of the Top 200 publicly traded community banks under $2 billion in assets ranked Meridian No. 13 in the U.S. and first among banks headquartered in Pennsylvania, Delaware, New Jersey, and Maryland. “(This list)…
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Penn Community Bank, St. Luke’s Partner for Summer Meals Program
Penn Community Bank has once again partnered with St. Luke’s University Health Network to ensure no Quakertown-area child faces hunger issues by going without a nutritious lunch during the summer months. “At Penn Community Bank, we believe in the power of community and serving the greater good. That means partnering with local organizations making a…
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Firstrust Bank Promotion: Open a New Checking Account and Open the Door to Summer Fun for Local Kids
Firstrust Bank is again partnering with Variety – the Children’s Charity to support an accredited summer camp program for local families and children with disabilities. The promotion, which previously ran in 2018, is just one piece of the bank’s longstanding partnership with Variety. From June 13 to July 31, Firstrust will pledge a $100 donation…
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Bala Cynwyd Billionaire Uses Same Prowess He Applies to Options Markets As He Does on His Taxes
Each week Bala Cynwyd Billionaire Jeff Yass and his team built Susquehanna International Group, a global company that makes billions of dollars, use their numerical and statistical expertise to make rapid-fire trades in options and other securities, write Justin Elliott, Jesse Eisinger, Paul Kiel, Jeff Ernsthausen, and Doris Burke for the ProPublica. However, the 63-year-old…
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Penn Community Bank Branch Operations Specialist Finds Professional Advantage in Personal Authenticity
Michael Kirschman, Penn Community Bank Branch Operations Specialist, never really set out to forge a career in banking or the financial services industry. What he did do, however, is commit to presenting himself as a polished, intelligent, and responsible employee who thrives on building connections with colleagues and customers. In other words, he saw his…
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How Women Can Break Through and Reshape Attitudes About Investing
Investing has been top of mind for many as the stock market fluctuates. With investing being a subject that is not commonly taught in school, many people don’t know how to invest or what to invest in. And if they do, they aren’t too confident in their abilities. Historically, differences in investing attitudes have existed…
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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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West Conshohocken-Based Finance Firm Realigns to Focus on Its Wealth Management Roots
West Conshohocken-based Boenning & Scattergood has divested its public finance group, with the equity capital markets group set to follow soon, writes Jeff Blumenthal for the Philadelphia Business Journal. This is part of a major realignment to refocus on the 108-year-old firm’s wealth management roots. Boenning & Scattergood is also planning to sell its brokerage…
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Citadel Credit Union Voted Best Credit Union in Montgomery County
Citadel Credit Union was voted by its members as “Best Credit Union” in Montgomery County, a ranking published by the 2022 Happening List by Montco Happenings that celebrates the area’s most beloved businesses, people, events, and organizations. This ranking is based on voting from the credit union’s members and the public. Citadel has seven branch…
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Training Tomorrow’s Tycoons: C&N Educates 600 Local Kids on Financial Management
C&N bank team members, out to seed the next generation of citizens with fiscal skills, participated in an American Bankers Association Education Foundation educational program. The 2022 Teach Children to Save initiative had its staff making 21 financial presentations and bank tours throughout April, reaching over 600 children. It’s been an ongoing effort at C&N…
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CIO of Horsham-based Penn Mutual Asset Management Warns of Increasing Odds of Market-Led Recession
A drop in stock prices, driven primarily by pessimism regarding the economic outlook, is increasing the risk that a recession may arrive sooner than has been predicted by many professional forecasters, writes Vivien Lou Chen for the Market Watch. “The impact of financial markets, in many ways, contributed to the situation of an overheating economy…
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Penn Community Bank Deepens Its Ongoing, United Relationship with United Way of Bucks County
Two corporate leaders from Penn Community Bank will be bringing their expertise and community connection to the board of directors for the United Way of Bucks County. Jeane M. Vidoni, President and CEO, is continuing in her position as Vice Chair of Community Impact, a role she has filled since 2016. Bernard Tynes, Senior Vice…
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