Banking & Finance
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MONTCO Careers – Bryn Mawr Trust
Bryn Mawr Trust, with multiple locations in the greater Philadelphia area and Delaware, has focused on helping individuals, families, businesses and organizations create, manage, preserve and transfer wealth since 1889. Financial Reporting Accountant II This position prepares quarterly earnings releases for review and approval, assists in the preparation of SEC filings and reports, and researches…
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Ardent Credit Union Recognized for Logo Design, Branch Merchandising
Ardent Credit Union was recently honored by The Marketing Association of Credit Unions (MAC) in Austin, Texas, with the Gold Award for Branch Merchandising and the Silver Award for Logo Design. MAC is composed of marketers, for marketers, by marketers, and is the only association run 100 percent by a volunteer board of directors. The…
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SEI Hosts 10th Annual Rush Hour Run, Raises $23,000 for Local Charities
SEI – a leading provider of investment processing, management, and operations solutions – recently hosted its 10th annual Rush Hour Run, a 5K race that draws 500 participants for a scenic route along the Perkiomen Creek Trail. The event has experienced tremendous success over the last decade, raising more than $150,000 and donating proceeds to…
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MONTCO Careers – TruMark Financial Credit Union
Headquartered in Fort Washington, TruMark Financial Credit Union is a leader in the credit union industry for people who live, work, worship, volunteer, or attend school in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties. AVP/Assistant Controller This position ensures the accuracy of the general ledger accounts and associated financial statements, prepares various statistical and financial reports in…
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Penn Community Bank to Acquire Chelten Hills Savings Bank
Penn Community Bank is planning to expand into Montgomery County through the acquisition of Chelten Hills Savings Bank in Abington, writes Alison Burdo for Philadelphia Business Journal. The addition of Chelten Hills will bring Penn Community Bank to a total of 24 branches and two administrative centers. Penn Community also announced that lease negotiations are…
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Montgomery County Sells Series A and B Bonds of 2017, Maintains Solid Bond Rating
Montgomery County has announced the results of a competitive bond sale offering of $62.3 million in Series A and B bonds at a recent Board of Commissioners meeting. Six bidders offered submissions with Mesirow Financial, Inc. offering the lowest rate of 2.752 percent. The difference between the highest and lowest bids was only 0.062 percent.…
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MONTCO Careers – Azzur Group
Based in Willow Grove, Azzur Group is a private equity firm comprised of a network of high-level life science companies, created to provide efficient and cost-effective solutions. IT Infrastructure Consultant This position designs and constructs large relational databases, integrates new systems with existing in-house structures, refines system performance and functionality, and provides architecture guidance and support to…
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CEO of Fort Washington-Based TruMark Financial Elected Vice Chair of PCUA Board
The members of the Board of Directors of the Pennsylvania Credit Union Association (PCUA), during the annual reorganization meeting, have elected Richard Stipa, CEO of Fort Washington-based TruMark Financial, as Vice Chair of the PCUA Board of Directors. PCUA is owned by its member credit unions and is governed by a nine-member board, elected by,…
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Panelists at Univest Bank’s Economic Summit Bullish on Economy’s Future
The esteemed panelists struck an optimistic tone at Univest Bank’s annual Economic Summit, held in early May at the Sheraton Valley Forge Hotel in King of Prussia. Jeff Schweitzer, CEO of the Souderton-based bank; Dr. Mark Zandi, the chief economist of Moody’s Analytics; John Kirwin, CEO of Argosy Capital; and former U.S. Rep. Mike Fitzpatrick…
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Community-Oriented BB&T on a Mission to Make the World a Better Place
By Chris Cooper BB&T Bank, based in Winston-Salem, N.C., is a relative newcomer to this area, but the mission-driven financial institution has already made a positive impact on the lives of several residents of Montgomery County. Founded in 1872 and known officially as Branch Banking and Trust Company, the bank operates more than 2,100 financial…
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Vanguard Cautious About Record-High Stocks
Vanguard Group, based a few miles west of King of Prussia in Chester County, has benefitted more than most from the record-setting influx of money into indexed mutual funds, but the leader of the financial giant is growing leery of the escalating record highs in the U.S. stock market. “I think the U.S. market is…
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First Data to Acquire King of Prussia’s CardConnect for $750M
Payment processor First Data is acquiring its King of Prussia rival CardConnect for $750 million in cash, or $15 per share, writes Jeff Blumenthal for Philadelphia Business Journal. The deal offers a ten percent premium over the company’s closing price on Friday and will include the repayment of the company’s debt. CardConnect reported $589 million…
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Ardent Credit Union Employees Graduate MBA Program with Help from Employee Cohort
Last week, seven Ardent Credit Union employees attended their graduation ceremony from Holy Family University’s MBA Program at the Kimmel Center in Philadelphia. Graduates included: Mary Hoffman, VP Chief People Officer Joe Walmsley, Benefits Specialist Steven Scoleri, Loan Closer Julie Mack, Director Project of Implementation and Compliance Eileen Hughes, VP Operations Lynnette Dykes, Real Estate…
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Oaks’ SEI Campus to Double in Size
SEI Investments is planning to expand its Oaks campus by developing an adjacent 90 acres of land. This would nearly double the campus’s current size and would add around 425,000-square-feet in new buildings over the next several years, writes Natalie Kostelni for Philadelphia Business Journal. SEI currently employs 3,200 people at the Oaks campus, with…
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Malvern Federal Savings Bank Opens New Office in Palm Beach
The Paoli-based Malvern Bancorp has announced the opening of a new representative office at 205 Worth Avenue in Palm Beach, Fla. “This is our initial location for gaining visibility and brand recognition in the region,” said Anthony C. Weagley, President and CEO. “Malvern offers a wide range of private banking and wealth management services delivered…
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MONTCO Today Careers – Bryn Mawr Trust
Bryn Mawr Trust, with multiple locations in the greater Philadelphia area and Delaware, has focused on helping individuals, families, businesses and organizations create, manage, preserve and transfer wealth since 1889. Risk Management Analyst This position assists in performing risk assessments, validates the results of monitoring programs and makes improvement recommendations, and creates test scripts to…
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Malvern Bancorp Reports Second-Quarter Earnings Driven by Loan Growth, Higher Net Interest Income
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported operating results for the second fiscal quarter ended March 31, 2017. Net income amounted to $1.4 million, or $0.22 per fully diluted common share, for the quarter, an increase of $143,000, or 11.3 percent, as compared with net income of $1.3 million,…
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Malvern-Based First Priority Bank Reports Dramatic Increases in First-Quarter Results
The Malvern-based First Priority Financial Corp. has reported net income for the first quarter of 2017 totaling $782,000 or $0.11 per basic and fully diluted share, a 47 percent increase compared to $531,000 or $0.05 per basic and fully diluted share in the first quarter of 2016. It also reports a six percent increase compared…
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