Banking & Finance
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Penn Community Bank Holding Region-Wide Day of Service Jun. 5
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, will hold its third annual Day of Service on Wednesday, Jun. 5 from 2-5:00 PM. A team of over 300 volunteers, including Nonprofit Leaders and Penn Community Bank Executives and Team Members, will participate at 12 locations across the region. In addition to hundreds of…
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Philadelphia Leadership: Rodger Levenson, Chairman, President, and CEO of WSFS Bank
Rodger Levenson, Chairman, President, and CEO of WSFS Bank, spoke with PHILADELPHIA Today about growing up in Broomall, where he loved riding bikes and playing sports with friends in his neighborhood. As a teenager, he learned about teamwork and discipline by working at a hotel and as a Camp Counselor. Levenson recalled how he got…
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S&T Bank Expands Support of Alex’s Lemonade Stand Foundation Across All Banks
It all began with one lemonade stand in a little girl’s front yard. At just four years old, Alexandra (Alex) Scott decided to help raise money for research, as she was battling childhood cancer. To date, Alex’s Lemonade Stand Foundation (ALSF) has raised over 300 million dollars for the cause. In 2023, S&T Bank partnered…
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5 Financial Decisions to Make With Your Long-Term Partner
Money worries are the leading cause of stress in relationships, but simply having open, in-depth conversations along the way can help reduce some of the pressure. Whether you’re thinking about moving in with your partner, getting married, or you’ve already been together for a while and haven’t had detailed discussions about money, here are five major financial…
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Leverage Your Bank for Success
If you’re a business owner, you already know that the relationships you create across business lines will play a vital role in your success. You also know that sound financial management is a key cog in the wheel that keeps your business turning. This is why building and fostering a healthy relationship with your local bank…
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For First Time, Malvern-based Vanguard Hires Outsider to Run Investment Giant
Vanguard Group has found its next chief executive in Salim Ramji, who will be the first outsider to run the Malvern-based investment behemoth, writes Jack Pitcher for The Wall Street Journal. Ramji will succeed Tim Buckley, who is retiring after running the company for six years. Analysts say that once he takes over the $9…
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Penn Community Bank Grant Fights Food Insecurity in Montgomery County
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, is proud to continue its support of efforts to combat food insecurity in the region with a $10,000 contribution to Garden of Health. The North Wales-based nonprofit partners with over 60 hunger relief agencies in Montgomery County and works with 2 large organizations in Bucks County…
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Penn Community Bank Supports Bristol Borough Youth Arts Programs with a $15K Grant
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has awarded a $15,000 grant to Bristol Riverside Theatre (BRT) (120 Radcliffe Street, Bristol) in support of Bristol Borough youth. Penn Community Bank has invested in critical programs for youth through BRT’s Arts Education programs for nearly 20 years. Today, these programs include ArtRageous…
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Firstrust Bank Receives Inaugural Carter Builder Achievement Award from Habitat Philadelphia
In the 1930s, when commercial banks were not lending to his fellow immigrants in South Philadelphia, Samuel Green had a vision to create a secure haven for homeownership for the people in his community, and it’s one that ultimately manifested in the founding of Firstrust Bank. It should come as no surprise, then, that Firstrust,…
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C&N Welcomes Joe Bifolco as SVP, Senior Commercial Lending Relationship Manager
Joe Bifolco has joined the Commercial Lending team at C&N as SVP-Senior Commercial Lending Relationship Manager based in Chesterbrook. In his role, Bifolco will focus on building relationships with local businesses throughout Chester County and the surrounding area. Having spent 27 years in the banking industry, Bifolco has held a variety of positions ranging from…
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American Heritage Credit Union Acquires Three South Jersey Branches, Assets, and Membership from LINKBANK
American Heritage Credit Union has entered a definite purchase and assumptions agree with LINKBANCORP to acquire its banking operations from three branch locations throughout Southern New Jersey. This acquisition includes approximately $105 million in deposits and $123 million in loans. The three branches were previously a part of the Liberty Bell Bank division of The…
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Chris McDermott Joins Meridian Bank as SVP, Commercial Lending
Meridian Bank has appointed Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. McDermott will join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties. McDermott began his long banking career right out of high school. He started as a Clerk at Girard Bank…
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Forbes Names S&T Bancorp as One of America’s Best Banks
S&T Bancorp Inc., the holding company for S&T Bank, has been included in the Forbes list of America’s Best Banks. The annual ranking, which was recently published on the Forbes website, is based on metrics measuring growth, credit quality, and profitability, as well as stock performance. “We are thrilled to be on the Forbes list…
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Vanguard Renews Efforts to Get Customers to Embrace Online Banking
Malvern-based investment behemoth Vanguard Group is planning to raise brokerage fees in a renewed attempt to get its holdout customers to embrace online banking, writes Joseph N. DiStefano for The Philadelphia Inquirer. These new fees reflect “changes to our digital interaction expectations” for the company’s 50 million customers. The fees will become effective July 1.…
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Meridian Bank Named a Top 10 Lender by the Pennsylvania Housing Finance Agency
On Apr. 3, 2024, Meridian Bank was named a Top 10 Lender by the Pennsylvania Housing Finance Agency (PHFA) for the year 2023. Meridian Bank has been a lending partner with PHFA for 13 years, and out of the 103 PHFA lending partners in 2023, Meridian once again was a top participating lender. Meridian has finished…
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4 Ways to Reinvest in the Future of Your Small Business
The past few years have certainly thrown quite a few challenges at small businesses, with many reimagining and reinventing their business. While tough economic conditions can certainly impact profits and cash flow, many of the most successful businesses lean in, embrace change, and adapt to market conditions to strengthen their business for the future. Here…
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C&N Promotes Michael Kilgour to SVP-Senior Commercial Lending Relationship Manager
C&N has promoted Michael (Mike) Kilgour to Senior Vice President – Senior Commercial Lending Relationship Manager for the Lancaster and York areas in recognition of his exceptional performance over the almost five years he has been with C&N. Kilgour joined C&N in 2019 as Vice President of Commercial Lending Relationship Management, bringing a wealth of…
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WSJ: Regulators Seize Philadelphia Bank, Republic First, and Sell It to Fulton Bank
In the latest development in what has been a tumultuous several months for Republic First, regulators have seized the bank and sold it to fellow regional lender Fulton Financial, write Gina Heeb, Lauren Thomas, and Justin Baer for The Wall Street Journal. The bank was closed by the Pennsylvania state regulator and sold after an…
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