Banking & Finance
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Facebook takes aim at Yelp, Foursquare
IT SEEMED LIKE only a matter of time until Facebook figured out how to kill Yelp and Foursquare. The company’s been experimenting around the edges for years: It’s offered food ordering within Facebook, a “Professional Services” portalfor finding nail salons and plumbers on Facebook, even ways to pay for stuff on the social network. And Facebook always had one huge, seemingly unshakable…
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Tracy Davidson to kick off Fierce Finances for Females
A night dedicated to females and the various aspects of financial empowerment awaits. Being prepared and having a plan is critical to financial success and stability. Most people do not properly plan for death, divorce, job loss, retirement and other transition times. Your host Julia Brufke Wenger has assemble several specialist in their respective fields…
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NATIONAL SPOTLIGHT: JPMorgan Chase launches app aimed at millennials
There’s an app for that! In its first offering of online bank accounts, JPMorgan Chase & Co on Monday launched a new smartphone app that it hopes will attract new depositors, many of whom are young and may live far from any of its branch offices, writes David Henry for reuters.com. [uam_ad id=”54865″] The app,…
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Gov. Wolf looks to advisers on possible $1.25B PLCB loan
The Pennsylvania Liquor Control Board on Friday voted to hire financial and legal advisers to help pursue Gov. Wolf’s proposal to borrow $1.25 billion against future profits of the state’s alcoholic beverage monopoly, even as those profits are under pressure, writes Harold Burbaker for philly.com. Public Financial Management Inc. was hired to provide financial advice…
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Family succession secured at Firstrust Bank
Richard J. Green, chairman and CEO of Firstrust Bank, has acquired the majority voting shares and control of the institution from his father, Daniel. The move, made Sept. 27, was part of what the bank describes as an “orderly transition of Firstrust’s family ownership,” writes Jeff Blumenthal for the Philadelphia Business Journal. Firstrust, with headquarters…
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Wells Fargo ATMs going cardless
Wells Fargo said Tuesday that it has added hardware to 40 percent of its ATMs with “tap and pay” technology that relies on customers using smartphones, mobile wallet and their PIN, writes Mark Calvey for the San Francisco Business Times. The San Francisco-based bank plans to upgrade all 13,000 of its ATMs with the near-field…
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Fraud case to cost Wilmington Trust $44M
Wilmington Trust Corp. agreed to pay $44 million to settle a federal criminal securities fraud case, accepting the terms shortly before the start of a jury trial in U.S. District Court in Wilmington, where the bank and four top executives were accused of concealing from the investing public and bank regulators problem loans that ultimately…
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TruMark Financial opens student branch on La Salle University campus
LaSalle students now have the opportunity to learn about finance without having to pay for credit hours. Pennsylvania state representatives Michael Driscoll, Kate Harper, Joanna McClinton and Madeline Dean, La Salle University President Colleen M. Hanycz, La Salle Board of Trustee Chair Stephen Zarrilli, TruMark Financial Board of Directors, and representatives from both organizations attended…
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Moody’s upgrades Montgomery County’s outlook to ‘positive’
Moody’s Investors Service has upgraded Montgomery County’s outlook to “positive” and has reaffirmed its Aa1 bond rating. The report noted that “Montgomery County benefits from strong management that adheres to fiscal policies, multi-year budgeting, and long term capital planning, according to a press release from the county. Moody’s further noted that the upgraded outlook from…
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Malvern Bancorp Receives Exclusive National Recognition from Sandler O’Neill
The Malvern Bancorp has been named to the exclusive “2017 Bank & Thrift Sm-All Stars” list, from Sandler O’Neill + Partners, as a top-performing, publicly traded bank in America. Sandler O’Neill evaluated 404 publicly traded banks and thrifts with a market capitalization below $2.5 billion, and identified the nation’s 29 top-performing, small-cap banks and thrifts.…
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Five-Time Grammy Nominee to Headline Pottstown Concert Celebrating Citadel’s 80-Year History
Whereas steel is undoubtedly Coatesville’s No. 1 export, Citadel may rank as its second. And it’s not a coincidence that the two are inextricably linked. Citadel was founded in South Coatesville in 1937 as a credit union for employees of Lukens Steel, which provided the foundation to countless American structures, including the St. Louis Arch…
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BB&T’s Evolution Continues as It Seeks to Improve Efficiency
BB&T, which recently entered the Philadelphia market after acquiring Susquehanna Bancshares and National Penn Bancshares, will be closing 140 locations nationwide this week including some nearby branches, writes Jeff Blumenthal for the Philadelphia Business Journal. According to the company’s CEO, Kelly King, the branch closures represent around six percent of the bank’s entire network. “For…
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SEI Partners with Art Ability at Bryn Mawr Rehab to Celebrate Artists with Disabilities
SEI has announced a partnership with Art Ability, an organization that serves as a unique and accessible venue for artists with disabilities, to display and sell their work. Approximately 80 pieces, submitted by artists from around the world, are on display at SEI’s Oaks campus and available for purchase. The installation will continue through January…
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Malvern Federal Provides Financial Solutions Geared to Equestrian Market
Malvern Federal Savings Bank has announced the establishment of a new equestrian business focus. The bank will offer horse owners, horse farms, and other equestrian-related clientele private banking and wealth management services, including deposit solutions, investment management, credit solutions, and self-direct IRAs. The bank’s newest representative office – located in the heart of Palm Beach,…
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Univest Bank Signs Corporate Partnership with Saint Joseph’s University
The Souderton-based Univest Bank and Trust Co. has signed a multi-year agreement to become a presenting partner of Saint Joseph’s University’s athletics program. “We have always been committed to building meaningful relationships with local organizations, and our partnership with Saint Joseph’s University is especially exciting as we have the opportunity to engage with basketball fans…
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Ardent Credit Union to Host Free Oaks Workshop on the Struggle of Getting Kids to Eat
Ardent Credit Union is hosting a free workshop to help end the struggle of getting your kids to eat, entitled “French Fries to Foodies,” on Thursday, Sept. 7 at its Oaks branch, located at 110 Black Rock Road. Emi Kirschner, the co-author of Get Results! Learn the Fast Track to Success in Life and Business…
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MONTCO Careers – Firstrust Bank
Headquartered in Conshohocken and with locations throughout the Delaware Valley, Lehigh Valley, and Southern New Jersey, Firstrust Bank has been run by the Green family since the bank’s founding in 1934 and is now one of the strongest FDIC insured banks in the country. Treasury Management Sales Consultant This position develops prospects for new business…
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Dresher’s Ascensus Maintains Astonishing Growth
Ascensus, the independent retirement-plan bookkeeper for financial companies is maintaining its momentum with over $300 million in revenue and 33 percent in annual growth, writes Joseph N. DiStefano for Philly.com. The firm, which now has around 2,000 employees, manages the retirement funds for nearly 50,000 employers with millions of grateful account holders. Ascensus counts Vanguard…
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