Commerce
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Allied Barton’s Security-guard Merger Reflects Changing Threats
Conshohocken based Allied Barton Security Services merged with former rival, Universal Services of America, earlier this week to create the nation’s largest provider of security guards, Allied Universal. The merger brings together 140,000 employees and an annual revenue of $4.5 billion, according to an LA Times article by James F. Peltz. The company will keep…
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First Priority Financial Appoints Mary Ann Messmer to Its Board
First Priority Financial Corp., parent company of First Priority Bank, recently announced that the Corporation has named Mary Ann Messmer to the board of directors for the Bank effective immediately. Messmer, who had served in a similar board capacity for the Bank from 2006-2012, is currently Executive Vice President, Private Banking of First Priority Bank,…
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Lower Salford Township Hires New Public Works Director from Pool of 30 Applicants
Lower Salford Township has hired Lorenzo Cuoci as its new public works director, writes Bob Keeler for The Lansdale Reporter. Cuoci, a Doylestown resident, was chosen from a pool of around 30 applicants. He will replace Arcangelo “Arcky” DiRocco, who was Lower Salford’s public works superintendent from 1994 until his death in April at the…
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Ambiance Design Relocates to Blue Bell after Three Years in Fort Washington
After three years in Fort Washington, Ambiance Design is relocating its growing business specializing in custom-window treatments and home décor to Blue Bell, writes Gary Puleo for The Times Herald. Its new location at 718 DeKalb Pike in Blue Bell is a perfect fit for the business, as it is surrounded by a high-end Italian…
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Valley Forge’s Indipharm Re-Launches as InClinica
Valley Forge’s clinical contract research organization Indipharm is being re-launched as InClinica by its new owner, Velocity Fund Partners, writes John George for the Philadelphia Business Journal. Jim Nolan, operating partner of Velocity Fund Partners, will serve as CEO of the newly re-branded InClinica. Dr. Edward J. Brennan Jr., founder and president of Indipharm, is…
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Upper Dublin Attorney Appointed Pennsylvania Superior Court Judge
Upper Dublin attorney Geoff Moulton has been appointed a Pennsylvania Superior Court Judge, writes Linda Finarelli for The Times Herald. Moulton, who was one of the three candidates nominated by Governor Tom Wolf and confirmed by the State Senate to fill vacancies on the appellate court, was sworn onto Pennsylvania’s Superior Court on Monday. During…
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Wynnewood’s Lankenau Medical Center Receives Coveted Level II Trauma Center Accreditation
Following a rigorous, 15-month review and on-site survey, Wynnewood’s Lankenau Medical Center, part of Main Line Health, has received Level II Trauma Center accreditation, effective Sept. 1, 2016, from the Pennsylvania Trauma Systems Foundation. This is Main Line Health’s second Level II Trauma Center, the first of which opened at Paoli Hospital in 2010. For…
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Malvern Bancorp Posts Strong Third-Quarter Results
Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported strong results for the third quarter of 2016 with net income of $1.6 million or $0.25 per share for the period, an increase of 31.9 percent over the same quarter last year. In fact, for the nine months ended June 30, 2016, net income…
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New Shopping Center in Upper Providence Gets Green Light
Upper Providence Township supervisors have unanimously approved preliminary development plans for a shopping-center project, although with waivers, conditions, and unresolved issues, writes Leslie Lighton-Humphreys for The Times Herald. The Shoppes project has been put forward by Hartford Properties. The new four-building, retail-shopping complex will span 73,000 square feet on a 10.33-acre parcel of land at…
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Impact Thrift Store in Norristown Centre to Celebrate Grand Reopening Saturday
Impact Thrift Stores will debut its new location in the Norristown Centre on Saturday with a grand reopening, writes Gary Puleo for The Times Herald. The event from 9 AM-5 PM will celebrate the relocation of the popular outlet from the front of the center to a significantly bigger, second-level space located next to U.S.…
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After Merger, Headquarters of Former AlliedBarton to Remain in Conshohocken
AlliedUniversal, formed by the merger between AlliedBarton Security Services and Universal Services of America, is keeping its Conshohocken headquarters, writes Joseph DiStefano for the Philadelphia Inquirer. Before the merger, Universal absorbed the former Guardsmark and ABM Security to consolidate the split rent-a-guard business and associated cleaning and support services. Now the largest security services company…
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Montgomery County 4-H Fair Set for Next Week in Collegeville
The Montgomery County 4-H Fair is held every year during the second week in August on Thursday, Friday, and Saturday at the Montgomery County 4-H Center, located at 1015 Bridge Road in Collegeville. The Fair times for 2016 are: Aug. 11, 4:00 PM-9:30 PM Aug. 12, 9:30 AM-9:30 PM Aug. 13, 9:30 AM-4:00 PM The…
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Strong Occupancy Rate of Commercial Properties Highlights King of Prussia District Newsletter
According to the newest edition of the King of Prussia District newsletter, shown below, the second quarter of this year continued the quick pace of leasing activity with a further reduction in the vacancy rate for Class A commercial office space. The latest quarter closed with a Class A vacancy rate of 8.3 percent, down…
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Bala Cynwyd-Based Philadelphia Insurance Companies Offer New Cyber Security Liability Endorsement
The average cost to investigate a data breach and comply with statutory notification requirements was $217 per lost or stolen record in 2015. Multiply that cost by thousands of records, add the costs of regulatory proceedings and lawsuits from groups alleging damages, and a business could quickly be facing a serious financial strain. Philadelphia Insurance…
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New Developments Translate into Bright Future for Pottstown
Several new developments in Pottstown, including a newly constructed downtown branch of Tompkins VIST Bank, are bringing hope that a revitalization of the town is on the way, writes Daniel Block for the Philadelphia Inquirer. “You don’t see a lot of brick-and-mortar bank branches being opened these days,” said Steve Bamford, executive director of Pottstown…
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GOP, DNC Conventions Confim Voters’ Impulses in Montco
The voters of Pennsylvania, a central battleground in the presidential election, absorbed the parties’ nominating conventions with varying degrees of attention, writes Dante Chinni for the Wall Street Journal. Amid the speeches and pageantry on television, interviews with voters found little immediate sign that two weeks of political messages had changed any minds. The conventions…
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Lansdale’s Freddy Hill Farms Staves Off Multimillion-Dollar Developers with ‘Agritainment’
Freddy’s Family Fun Center, the agritainment project started to help save the Freddy Hill Farms in Lansdale, is celebrating 25 years of entertaining visitors, writes Dan Geringer for the Philadelphia Inquirer. The Fun Center was started after Fred Seipt wanted to preserve his three-generation farm from developers who were offering millions. He instead invested in…
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Bryn Mawr Bank Corporation Reports Second-Quarter Increases
The Bryn Mawr Bank Corporation reported net income of $8.9 million and diluted earnings per share of $0.52 for the second quarter, as compared to $8.3 million, or $0.49 diluted earnings per share for the first quarter. “The results for the second quarter are promising, with the full effect of the first quarter loan growth…
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