Banking & Finance
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Regional Consumers Continue to Adapt Spending and Saving Habits, Per WSFS Bank’s Money Trends Study
Nearly four in 10 regional residents (38 percent) are spending more money now compared to last year, while only 21 percent in the region are saving more, according to a Money Trends study from WSFS Bank. Half of respondents have heard of but never used savings tools like certificates of deposit (50 percent), while 51…
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Former Activist Investor Believes Deal Between Republic First and George Norcross Makes Sense
Republic First Bancorp, parent of Republic Bank, and an activist investor group led by George Norcross, a South Jersey power broker, and Greg Braca, former CEO of TD Bank U.S., are holding preliminary talks for a possible equity investment, writes Jeff Blumenthal for the Philadelphia Business Journal. According to Abbott Cooper of New York hedge…
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Taking the First Step as a New Business Owner
So, you have a product or service you want to share and you know that your business could be successful, but you’re just not sure where to begin. You’re not alone. Starting a new business can be very intimidating to someone who is not familiar with the process. With so many things to consider and…
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Despite Battered Balance Sheet, Center City-based Republic First’s Customers Continue to Stay Loyal
Center City-based Republic First, a lender with $6 billion in assets, has found itself in financial purgatory recently, but unlike First Republic Bank, which was in a similar situation this spring, its depositors have largely remained loyal, writes Jonathan Weil for The Wall Street Journal. Like First Republic, Republic First incurred heavy paper losses that,…
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As Official Bank of the Eagles, Firstrust’s ‘Take It to the House’ Sweepstakes to Change One Lucky Winner’s Life
Seven years ago, in a home game against the Minnesota Vikings on Oct. 23, 2016, Josh Huff returned a kickoff 98 yards for a second-quarter touchdown that propelled the Philadelphia Eagles to a 21-10 victory. It was the last time the Eagles returned either a kickoff or punt for a touchdown at home. The law…
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Penn Community Bank to Partner with Urban League of Philadelphia to Support First-time Homebuyers
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has donated $100,000 to the Urban League of Philadelphia to support the nonprofit’s first-time homebuyer and financial literacy program. The money will also help expand access to the Urban League’s Entrepreneurship Center. “We’re committed to building thriving communities throughout the region through relationship-based financial services and…
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Firstrust Bank’s Commitment to Community Shines Bright at Olympic-Style Event for Children with Disabilities
Firstrust Bank, a longtime supporter of Variety — The Children’s Charity of the Delaware Valley, played a pivotal role in the success of the 22nd annual Annie Madden Sunshine Games held recently at the nonprofit’s campus in Worcester Township. The event brought together children and young adults with disabilities, and Firstrust Bank’s support — which…
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Citadel Credit Union Commits to Donating $1 Million to CHOP with Renewal of Parkway Run & Walk Sponsorship
Citadel Credit Union will renew its longstanding, award-winning partnership with Children’s Hospital of Philadelphia (CHOP) by signing on as presenting sponsor of the CHOP Parkway Run & Walk through 2027. Through this sponsorship, Citadel has committed to donating at least $1 million over four years to support breakthrough pediatric cancer research at the Cancer Center at CHOP. Citadel, a member-owned, not-for-profit credit union,…
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Dimes Issued by U.S. Mint In Philadelphia in 1982 Could Be Worth Thousands
A series of dimes bearing the face of United States President Franklin D. Roosevelt but missing a mint mark released in 1982 by the U.S. Mint in Philadelphia could be worth thousands of dollars each, writes Robert Higgs for cleveland.com. These so-called No-P Dimes miss a small P that should have been shown to the…
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Penn Community Bank, St. Luke’s Continue Summer Meals Program Partnership
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has once again partnered with St. Luke’s University Health Network to ensure no Quakertown-area child goes without a nutritious lunch during the summer months. “As a community bank, we’re committed to building thriving communities – now, and into the future. That begins by ensuring children…
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How to Identify and Report Financial Fraud in Pennsylvania
Financial fraud comes in many forms, but the goal is always the same: to illegally gain access to your finances. It can happen to anyone, so if you’re a credit union member in Pennsylvania, it’s important to be vigilant and understand what to do if you or your loved one is the victim of a…
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Bob Marino Departing Citizens Financial Services to Join Trusted Land Transfer as Executive Chairman
Longtime banker Bob Marino has resigned as a Citizens Financial Services board member and chief revenue officer to focus on his role as chairman of Fort Washington-based title insurance company Trusted Land Transfer, writes Jeff Blumenthal for the Philadelphia Business Journal. Marino joined Citizens Financial just over two months ago as part of its $67…
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Penn Community Bank’s Home Opportunity Mortgage Increases Access to Housing for All
Throughout its 150-year history, Penn Community Bank has been committed to helping people achieve the dream of home ownership and now with its new Home Opportunity Mortgage program, it will be able to help more individuals and families. The Home Opportunity Mortgage program ensures fair, affordable access to housing from the Lehigh Valley to Philadelphia and…
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C&N Welcomes Kathryn Sellers as a Mortgage Loan Originator
C&N, the leading financial services company in the region, welcomed Kathryn “Katie” Sellers Mortgage Loan Originator II based in Doylestown. Katie brings over two decades of mortgage lending experience to her new role and will work with clients on residential mortgage loans to help them buy, build or refinance their homes. “[Katie’s] background in construction…
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Personalized Service, Keen Understanding of Client Needs Elevate WSFS Bank in World of Private Banking
Personalized service and a keen understanding of client needs are what set private bankers apart from their competition. WSFS Bank shines in the world of private banking, delivering tailored services that fit the unique needs of its affluent clients. Founded in 1832, WSFS Bank has earned its reputation by providing a diverse range of financial…
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What Is the ‘FIRE’ Movement, and How Is It Changing the Future of Retirement?
Many younger working professionals desire to get out of the daily grind, break free from the traditional 9-to-5, and achieve a life of leisure before they become senior citizens. This has sparked the “FIRE” movement, which stands for “financial independence, retire early.” FIRE is a radical approach to retirement planning that involves living frugally and…
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Penn Community Bank Executive Continues Leadership Role with PA Bankers
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is proud to announce the naming of Bernard Tynes – EVP, Chief Marketing and Impact Officer to the board of directors of the PA Bankers Association. Tynes, originally appointed in 2021, continues to serve as an at-large representative to the board and remains one of…
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Social Media Marketplace Scams: How to Spot and Avoid Fake Listings
Social media marketplaces have become increasingly popular in recent years, as they offer a convenient way to buy and sell goods and services. In fact, Facebook Marketplace passed a whopping one billion global users in 2021. However, this popularity has also attracted the attention of scammers, who are using these platforms to prey on unsuspecting…
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