Banking & Finance
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Four Personal Finance Tips to Weather the Coronavirus Economic Storm
As the coronavirus leaves the economy struggling and the public wondering what to do to protect themselves, WalletHub, a personal finance website based in Washington D.C., has come up with a list of four tips for keeping your wallet safe. Ask Your Bank for Help “Many banks and credit unions have stated they are willing…
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Seedcopa Alert: Coronavirus Assistance for Montgomery County Small Businesses
Seedcopa, an affiliate of the Chester County Economic Development Council is sharing information on possible assistance for Montgomery County small businesses in the wake of Covid-19. SBA Administrator Jovita Carranza has issued a statement in response to the President’s address to the nation on coronavirus and efforts to support small businesses. She outlined the process for…
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MONTCO Careers: Centric Bank
Centric Bank, with offices in Doylestown and a new branch in Devon on the Main Line and a recipient of American Banker’s 2019 Best Banks to Work Work For for the second consecutive year, has a career opening for a Commercial Lending Officer in it’s Doylestown office. The Commercial Lending officer is responsible for developing new…
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Covenant Bank Donates $30,000 to Bucks County Nonprofit
Covenant Bank has donated $30,000 to Libertae under the Educational Improvement Tax Credit (EITC) Program. Located in Bensalem, Libertae is a treatment program dedicated to treating and supporting women with substance abuse disorders. It operates a full-service, on-site daycare where children can play and learn while their mothers are in treatment. The EITC funds allow…
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Huntingdon Valley Bank Looking to Relocate Its Headquarters to Neighboring Bucks County
Huntingdon Valley Bank is looking to relocate its headquarters from its Montgomery County home to Doylestown, the county seat for Bucks County, writes Jeff Blumenthal for the Philadelphia Business Journal. According to Huntingdon Valley Bank Chief Lending Officer Hugh Connelly, the bank decided to relocate its nexus into a more hopping business community as it…
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Malvern Bank Honored Again for Having 20 Percent or More Board Seats Held by Women
Malvern Bank, National Association has been named a Winning “W” Company by 2020 Women on Boards for achieving at least 20 percent women on its corporate board before the year 2020. This is the third consecutive year that Malvern Bank has been named a Winning “W” Company. Winning “W” Companies are cited in the 2020…
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Centric Bank Recognizes Participants, Winners of Video Contest for High School Students
Centric Bank has honored the participants and winners of its second annual video contest – titled “Lights, Camera, Save!” – for high school students. Fifteen students showcased their digital and storytelling talents in videos about the importance of saving money. The students represented high schools from Centric Bank service areas in Bucks, Chester, Dauphin, and…
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Vanguard’s Chief Economist Labels Fed Benchmark Interest Rate Cut a ‘High-risk Bet’
Roger Aliaga-Diaz, Chief Economist, Americas for Malvern-based Vanguard issued the following statement regarding The Federal Reserve’s reduction of its benchmark interest rate by a half percentage point earlier today: . [quote] We believe the announcement by the Fed today to cut interest rates was premature given the lack of data suggesting a significant drag on…
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Citadel Excited to ‘Add to the Economic Momentum’ in Montco with New Branch in Montgomeryville
Citadel, which is currently ranked No. 1 among all credit unions in Pennsylvania for providing value to savers and borrowers, will open its newest branch in Montgomeryville on March 11. The new branch – Citadel’s 24th in southeastern Pennsylvania and seventh in Montgomery County – is conveniently located on Bethlehem Pike, across the street from…
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Malvern Bank Donates Monthly ATM Fees to Local Nonprofits
Malvern Bank, National Association has begun donating revenue from monthly ATM fees to local nonprofits on a quarterly basis. Based upon last year’s fourth-quarter ATM revenues, the bank made its first donations totaling $1,220 to the following nonprofits: The Timothy School in Berwyn received $579 from the Berwyn branch office’s ATM receipts. Royer-Greaves School for…
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Covenant Bank Helps to Strengthen Communities with $400,000 in EITC Contributions
Blair T. Rush, President and Chief Operating Officer of Covenant Bank, has announced that Covenant Bank has contributed $400,000 to deserving nonprofits located in Bucks, Montgomery, and Chester counties. The bank has made these contributions through the Educational Improvement Tax Credit (EITC) program for almost 10 years. These funds have supported the Scholarship Organization, Educational…
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Malvern Bank’s Annual Food Drive Collects 284 Pounds of Food for West Chester Food Cupboard
Malvern Bank, National Association recently donated 284 pounds of food to the West Chester Food Cupboard. The donation was the result of the bank’s winter Food Drive, during which customers and employees donated non-perishable food items at the bank’s branch offices from Nov. 15 to Dec. 20. Also, Malvern Bank presented a check for $518…
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Ardent Credit Union Receives Patent for ‘Cube’ Branch Design That Debuted in Collegeville
Ardent Credit Union has received a patent from the U.S. Patent and Trademark Office for its “Cube” branch design that debuted in GlaxoSmithKline’s Collegeville offices in late 2018, writes Aaron Passman for the Credit Union Journal. The branch is 10 feet tall, 14 feet wide, and 14 feet long. It is designed as a full-service…
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Univest Awards $5,000 to Kisses for Kyle Foundation as Winner of Caring for Community Giveaway
Univest Financial recently announced Kisses for Kyle Foundation as the winner of its eighth annual Caring for Community Giveaway, a contest that awards $5,000 to a local nonprofit. Kisses for Kyle offers a variety of services to families fighting childhood cancer in the Delaware Valley. Founded in 2001, Kisses for Kyle currently assists more than…
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King of Prussia-Based Morgan Properties Bought $5.3 Billion in Loans from Freddie Mac Last Year
Morgan Properties, the King of Prussia real estate company known for ownership of Class B apartment properties, grew its multifamily credit portfolio significantly last year by acquiring $5.3 billion in loans from Freddie Mac, writes Natalie Kostelni for the Philadelphia Business Journal. The five deals marked the biggest year for Morgan Properties since it launched…
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Montgomery County Leadership: Kurt Kunsch of Phoenixville Federal Bank & Trust
Kurt Kunsch, Senior Vice President and the Trust Managing Director at Phoenixville Federal Bank & Trust, spoke with MONTCO Today about growing up in Phoenixville, excelling in football and track and field in both high school and college, and bearing witness to the borough’s renaissance, which, he believes, was sparked by the saving of the…
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Hatboro Federal Savings Presents Total of $222,222 in Donations to Nine Educational Organizations
Nine local educational organizations have received a total of $222,222 in donations from Hatboro Federal Savings, according to a staff report from the Montgomery Media. All of the benefiting organizations had to meet the criteria for Pennsylvania’s Educational Improvement Tax Credit Program. This allows tax credits for eligible businesses that donate to a scholarship, educational…
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Philadelphia Area Woman Part of Equal Pay Class Action Lawsuit Involving 3,000 Women
Allison Gamba was a success in the investment business at Goldman Sachs, writes Alexia Fernandez Campbell for vox.com. She went to business school. She sat on the New York Stock Exchange. She turned mediocre stocks into top-performing investments. She put in nine years at the company and was doing the job of managing director, overseeing…
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