Banking & Finance
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Citadel Credit Union Appoints New Members to Its Board of Directors and Supervisory Committee
Jessica Schuler and Madhav Gopal have joined Citadel Credit Union’s Board of Directors, and Crystal Nguyen and Jennifer Frost have been appointed to its Supervisory Committee. These additions reflect Citadel’s ongoing commitment to strong governance, business evolution, and community service. Schuler, previously the Chair of the Supervisory Committee, joins the Board of Directors with extensive experience in the insurance and financial services…
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Firstrust Bank Supports Success of Fast-Growing Video Production Agency in Philadelphia
As a boutique video production agency, 20/20 Visual Media has been telling stories with engaging custom marketing content for clients in a wide range of industries since 2011. In doing so, the people at the Philadelphia-based company are more than directors, producers, and videographers — they’re artists who understand that every great story has plot…
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USA Today, Philadelphia Inquirer Recognize Firstrust Bank as a Top Workplace for 2024
The hard-earned reputation that Firstrust Bank has for treating its customers well starts with the way it treats its employees. After all, they’re the most important assets the bank has for serving its customers. One might even say that Firstrust employees are like a family, which seems appropriate for a 90-year-old, family-owned enterprise. As an…
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Chase Bank To Open New Branch At Former Wawa Flagship Location in Center City
The former location of Wawa’s flagship location in Center City had been vacant since it chose not to reopen in 2020 due to the lasting effects of the COVID-19 pandemic. However, Chase Bank recently filed to open a branch at the very location on the southeast corner of Broad and Walnut streets, writes Jeff Blumenthal…
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Penn Community Bank Launches New Business-Focused Magazine
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has launched its new business magazine, Mutual Interest. Building on the bank’s much-anticipated quarterly economic newsletters, the new print and digital piece features timely economic updates, actionable content from thought leaders throughout the bank, and customer spotlights. The first edition includes articles on fraud prevention, attracting…
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How WSFS Bank Is Making Foreign Exchange a Less Foreign Concept for Its Customers
Touchstone Home Products has roots that originated 38 years ago and has since grown to be an industry leader in electric fireplaces, patio heaters, TV lift cabinets, and other home goods. The company has continually exceeded customer expectations and, as the business evolved, took an interest in electric fireplaces — a product that was only…
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Is Relationship Banking Right for Your Business?
As a business owner, you likely understand the value of building loyalty and trust. It’s not just beneficial for your business — it can also enhance your customers’ experience and perception of value. Cultivating a deeper connection can benefit you and your customers long-term. The same is true for your relationship with your financial institution.…
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First Bank Recognizes Top Performers Following Year of Record Growth in 2023
First Bank has promoted 38 employees who played key roles in supporting customers and communities while helping the bank thrive and grow amid a record 2023. Some notable promotions within senior leadership include Darleen Gillespie, Chief Retail Banking Officer, promoted to Executive Vice President; Michael Smith, Director of Small Business and Corporate Development, promoted to…
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Firstrust Bank Expands Access for First-Time Homebuyers
Philadelphia’s Hometown Bank is opening doors for first-time homebuyers. The First Front Door program is now available at Firstrust Bank. The First Front Door program, administered by the Federal Home Loan Bank of Pittsburgh, provides down-payment and closing-cost assistance to eligible first-time homebuyers. Borrowers can qualify for up to $15,000 in assistance to make the…
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Penn Community Bank’s Jeane Vidoni To Lead PA Bankers’ Federal Government Relations Efforts
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has shared that President and CEO Jeane M. Vidoni has been named Chair of the PA Bankers Association’s Federal Government Relations Policymakers and Direct Contact Bankers Committee. In her role, Vidoni will lead the statewide industry association’s volunteer team which coordinates and actively participates in grassroots…
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Amidst Continued Growth, Citadel Credit Union Reinforces Commitment to the Communities It Serves
Citadel Credit Union is reinforcing its dedication to supporting the communities it serves across Chester, Bucks, Delaware, Montgomery, Lancaster, and Philadelphia counties through ongoing community initiatives. Corporate Responsibility In July 2023, Citadel formalized its corporate giving and volunteer program, Citadel Cares, with a commitment of more than $2 million in the next four years and…
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Protecting Your Finances: First Bank’s Best Practices Against Check Washing and Theft Scams
The United States Postal Inspection Service recovers over $1 billion in fraudulent checks and money orders yearly. If you mailed a paid check, but the recipient never received it, criminals may have stolen it. Fraudsters are targeting paper checks sent through the mail. Once they have a check you mailed, they use chemicals to “wash”…
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Understanding EBITDA as A Key Metric in Obtaining SBA Financing
Within SBA financing, EBITDA is a crucial metric used by SBA Lenders. It’s an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization and measures a company’s operating performance without factoring in certain non-operational expenses. EBITDA highlights the exclusion of these specific expenses to provide a clearer picture of a business’s operational efficiency. EBITDA provides…
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WSFS Bank Launches Early Pay, Enabling Customers to Receive Eligible Direct Deposits Early
WSFS Bank has launched Early Pay, which allows customers to receive eligible direct deposits from their employers up to two days early. Early Pay is also available for recurring government benefits, such as Social Security payments. “We’re thrilled to be able to offer Early Pay to our customers to help streamline their eligible direct deposits…
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Homebuying in 2024: Are Discount Points Worth the Cost?
When compared to previous years, 2023 mortgage rates skyrocketed, making homebuying difficult or even out of reach for some. In an attempt to alleviate this challenge, many homebuyers turned to discount points, which essentially means they paid extra money upfront to lower their interest rate. Think of it like a VIP pass to a lower…
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FirstBank Charitable Foundation’s Better Giving for Greater Impact Summit: Uniting for Positive Change
On May 9, the FirstBank Charitable Foundation will present its pioneering event in philanthropy, the Better Giving for Greater Impact Summit. This groundbreaking summit brings together a diverse array of stakeholders committed to making a meaningful difference in the communities it serves. From nonprofit leaders to philanthropists, community funders, and local businesses, this summit aims…
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Patrick Hart Joins Meridian Bank as SVP, Commercial Lending
Meridian Bank has appointed Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his…
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Firstrust Bank a Key Supporter of Philadelphia Youth Basketball as It Opens World-Class Facility in Nicetown
Kenny Holdsman, the co-founder and CEO of Philadelphia Youth Basketball, has fond memories of his first meeting with Richard Green, the Executive Chairman and Owner of Firstrust Bank, almost a decade ago. It was the summer of 2015, and Holdsman, a lawyer who was taking his talents to the nonprofit sector, had just launched PYB,…
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