Banking & Finance
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WSFS Bank: This Holiday Season, Approach Your Spending with an Eye on Saving
It seems everywhere we turn right now, experts are telling us to start our holiday shopping early, as supply chain challenges are expected to impact inventories for a large variety of products through the end of the year and possibly beyond. Coupled with rising inflation, this year’s holiday shopping budgets may feel particularly crunched, and…
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Three Signs of Recent Pennsylvania Grad: Framed Diplomas, Ready Resumes, Mountainous Student Debt
The Class of 2020 at Pennsylvania’s colleges and universities carried the third-highest level of student debt nationwide, according to the recently released 16th annual report by The Institute for College Access & Success (TICAS). Patty Tascarella peered into that financial hole for the Philadelphia Business Journal. The TICAS report provides an overview of debt for…
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WSFS Bank Sets Up Collection Sites to Fight Food Insecurity in the Philadelphia Region
WSFS Bank has launched its 18th Annual Fall Food Drive to combat food insecurity across the Greater Philadelphia and Delaware region. WSFS banking office locations in Philadelphia, Bucks, Delaware, and Montgomery Counties (as well Burlington and Camden Counties in NJ) will serve as convenient food deposit centers. Donations are being sought from customers, members of…
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Ambler Savings Bank Elects Montu Patel to Board of Trustees
Ambler Savings Bank is pleased to announce the election of Montu Patel to its board of trustees. Patel serves as the President of Innovative Hospitality Management (IHM), in Newtown and is also the Principal at Lotus Park Senior Living in Marietta, Ga. He grew up in the hotel industry, taking interest in the hotel management…
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Penn Community Bank Wins HR Department of the Year Award
Penn Community Bank is pleased to announce its Human Resources Department has been named a HR Department of the Year by a panel of business leaders throughout the region. The award, part of the Delaware Valley HR Department of the Year program, recognizes the important contributions of human resources and training departments in businesses of all sizes.…
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Professional Collaboration Between Two Local Businesses and the Philadelphia Eagles Gives Players a Reason to Smile
Philadelphia Eagles fans hear the phrase repeatedly during game coverage: “Business X is the official [car dealer, airline, power drink, etc.] of the Philadelphia Eagles. But does anyone have a clear idea of what that means? Two local businesses do. Firstrust Bank is the team’s official bank. And Advanced Dental Esthetics in Montgomery County is…
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More Than 70% of Bryn Mawr Bank Employees Receive Job Offers from WSFS Financial Ahead of Merger
WSFS Financial has extended offers to over 70 percent of Bryn Mawr Bank employees to remain with the combined company once the proposed $976 million merger goes through, writes Jeff Blumenthal for the Philadelphia Business Journal. The majority of bank employees have accepted their new roles, which are mostly comparable to the ones they had…
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A Look Back at How Ambler Savings Bank PPP Loans Became a ‘Life Raft to the Business Community’
Much of the press surrounding the COVID-19 effect on public-facing careers rightfully centered on the healthcare industry. However, medical personnel weren’t the only ones stretched personally and professionally by its fury. I can personally and professionally attest to the fact that financial institution employees, too, logged long hours, faced desperate customers, and did their best…
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C&N Announces 2022 Calendar Contest Winners
C&N’s annual calendar photo contest has concluded, with Erica Shirley of Painted Post, N.Y., earning the grand prize. Each spring, C&N hosts a calendar photo contest for local amateur photographers. The winning photos are featured in the bank’s upcoming calendar. In August, a panel of C&N employees selected 12 photos for the 2022 calendar, with…
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Are You Covered? Malvern Bank Explains the Benefits of Working with a Non-Captive Insurance Agent
When it comes to buying insurance, consumers have two primary options available: Captive Agents and Non-Captive Agents. While both can provide insurance services, the two types of insurance agents operate differently, and it is important to know the differences. In short, captive insurance agents are contracted to work for one insurance company and can only…
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Customers Bank Makes Bold Move with Cryptocurrency Clients
Customers Bank, the $19.1 billion subsidiary of Customers Bancorp, Inc. has released a partial list of inaugural institutional crypto clients. The clients identified are among the premier cryptocurrency and digital asset institutions, making the bank one of the nation’s leading financial services providers in the growing global crypto industry. “We’re proud to be attracting these…
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Careers — Penn Community Bank
With more than $2.5 billion in assets and over 300 team members, Penn Community Bank is the largest mutual bank in eastern Pennsylvania. Their growth mission is to deliver solutions that genuinely serve the best interests of their individual and commercial customers in ways they cannot possibly experience at more traditional financial institutions. As a…
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Malvern Bank Understands Unique Needs of Independent Schools; SVP Discusses Her Role as WCU Trustee
Malvern Bank, National Association understands that independent schools have unique banking needs. Its employees have the knowledge and experience to assist with the distinctive needs of independent schools, from their seasonal cash flows to their tax-exempt financing strategies. Betty Silfa, Senior Vice President at Malvern Bank, was appointed by Gov. Tom Wolf to the West…
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Bob Marino, New President of Huntingdon Valley Bank, Seeks to ‘Capitalize on the Upheaval’ of Banking M&A
Bob Marino, new president of Doylestown-based Huntingdon Valley Bank, is wasting no time in targeting growth. He’s now staffing up with seasoned professionals to grow the $500-million-asset-size institution to a $1 billion one. Jeff Blumenthal reported on Marino’s plans for the Philadelphia Business Journal. Marino sees the current whirlwind of banking M&A activity as an…
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Bryn Mawr Trust to Host Next Installment of Career Conversations on Nov. 18
Bryn Mawr Trust, in partnership with The POWER of Professional Women, will host the next installment of Career Conversations, a series of lunch-hour webcasts that spotlight women in senior leadership positions who are sharing their insights and leadership journeys, on Thursday, Nov. 18. Stephanie R. Raymond, the President of PPL Electric Utilities Corporations, will be…
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Citadel Credit Union Expands Citadel Heart of Learning Award Program
Citadel Credit Union has expanded its 21-year Citadel Heart of Learning Award program that honors local teachers who are nominated and go above and beyond. The program traditionally honored teachers exclusively within Chester County, where Citadel founded the program in partnership with the Chester County Intermediate Unit in 2001. Going forward, Citadel will award teachers in counties…
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Annual Philadelphia Salary of $100,000 Goes Further Here Than in Most of 50 Largest U.S. Cities
The quality of life achievable on a $100,000 annual salary varies significantly depending on the state and city of residence. But locally, a Philadelphia salary at that level goes far, writes Ashley Garrett for the Philadelphia Business Journal. Garrett cites research from GoBankingRates.com to determine the local reach of a six-figure yearly earning. , Philadelphia…
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Working for the Greater Good: Why Consider a Nonprofit Job?
Since our founding in 1887, Malvern Bank has been a growing, profit-making financial institution. We have provided valuable banking and investing services to individuals and businesses along Philadelphia’s Main Line and, more recently, to clients in Delaware, northern New Jersey, and Palm Beach County, Fla. So, why do we talk so much about nonprofits? Malvern…
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