Banking & Finance
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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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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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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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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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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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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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Philadelphia Eagles and Firstrust Bank Award High School Entrepreneurs in Student Business Pitch Competition
Six teams of students from four high schools in the Greater Philadelphia and Southern New Jersey regions recently competed in a business pitch challenge hosted by the Philadelphia Eagles and Firstrust Bank. The competition marked the culmination of the Entrepreneurs Game Plan powered by EVERFI program, a digital learning platform implemented in 30 area high…
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WSFS Mortgage Study Reveals Positive Attitudes Toward Reverse Mortgages but Also Educational Opportunities
Reverse mortgages are gaining traction as a viable financial strategy for retirees seeking to enhance their cash flow and maintain their lifestyle in their golden years, according to a recent study by WSFS Mortgage, a division of WSFS Bank. The study, which surveyed 750 homeowners aged 60 and older, sheds light on the potential benefits…
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Exton Mall Owner PREIT Going Private After Emerging from Bankruptcy for Second Time
PREIT, the owner of Exton Square Mall, is set to go private after it emerged from bankruptcy protection for the second time in four years, writes Paul Schwedelson for the Philadelphia Business Journal. When it filed for bankruptcy in December, the company faced over $1 billion in debt coming due. Now, PREIT entered a prepackaged…
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C&N Celebrates ‘the Magnitude of Its History’: 160 Years of Building Relationships, Empowering Communities
C&N recently commemorated its 160th anniversary with a week-long celebration throughout the bank that culminated with ringing the NASDAQ opening bell on March 22. “I have reflected on what 160 years of banking has meant to the customers and communities that C&N has served and thought about the relationships we’ve built with generations of families,…
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WSFS CARES Foundation Provides More Than $185,000 in First-Quarter Grants to Community Organizations
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to five organizations as part of its continuing series of philanthropic activities. The grants will support the following organizations: “The mission of the WSFS CARES Foundation is to support nonprofits that are invested in improving communities and fostering a spirit of…
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