Banking & Finance
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Bucks County Leadership: Leslie Heffernen, Chair of the Board, Ambler Savings Bank
Leslie Heffernen, Chair of the Board of Ambler Savings Bank, spoke with BUCKSCO Today about growing up in Syracuse, New York, punctuated by frequent visits to Queens and Colombia, where her mother is from. She shared how cheerleading and her first job at Kmart taught her about speaking up for herself and the value of…
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What Is Legacy Planning, and Who Needs It?
There are a lot of misconceptions around legacy planning, who needs it, and what’s included. A 2023 Wills and Estate Planning Study by Caring.com found that only 45 percent of Americans over age 55 have a will, and while six in 10 people have retirement accounts, only one in three have a complete estate plan.…
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Surprising Financial Decisions That Can Affect Your Credit Score
You probably know that your credit score is important, and that it influences your lender’s decision to approve a loan. But you may have some questions: How are credit scores calculated? What affects your credit score? What hurts your credit score? The calculation works like this: FICO and VantageScore each have unique methodologies, but their…
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Three Important Factors to Consider When Investing in Today’s Fixed-Income Market
Interest rates have been on the rise since early last year when the Federal Reserve began raising the federal funds rate that now sits at roughly 5.00 percent. Investors have been looking to take advantage of today’s interest rate environment and add additional income to their coffers. And rightfully so. Opportunities certainly exist, although they…
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Meridian Bank Recognized by American Banker as One of Top-Performing Banks
Meridian Bank has been recognized by American Banker as one of the top-performing mid-size banks with assets between $2 billion and $10 billion in 2022. Banks scoring a spot on American Banker’s top 200 list had a median return on average equity of 12.48 percent and the three-year average for this figure was 11.61 percent. …
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Citadel Credit Union Launches New Corporate Giving Program to Encompass All of Its Charitable Efforts
Citadel Credit Union has launched a new corporate giving program, Citadel Cares, that encompasses all charitable efforts across the company. Citadel Cares will be dedicated to supporting philanthropic efforts across the Greater Philadelphia area that help people and communities prosper. Within four years, Citadel is committed to donating more than $2 million in philanthropic support…
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Firstrust Bank Execs Frame First Story of Strawberry Mansion Home with Habitat for Humanity Philadelphia
Firstrust Bank CEO and President Tim Abell, along with 17 other executives from Philadelphia’s Hometown Bank, recently traded home loan mortgages for home building tools, as they volunteered with Habitat for Humanity Philadelphia to frame the first story of a home in Coltrane Commons. Coltrane Commons is an affordable housing community in the Strawberry Mansion…
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WSFS Bank Execs Share Tips on How Small Business Owners Can Safeguard Against Market Volatility, Fraud
The recent health issues of some of the less-diversified banks have initiated conversations about the protection and safety of consumer and business financial assets. Under FDIC rules, all deposits owned by a corporation, partnership, or unincorporated entity at the same bank are added together and insured up to $250,000. “We know that $250,000 is a…
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Firstrust Bank ‘Cultivates Prosperity for the Communities We Serve,’ Donates $25,000 to Habitat for Humanity’s New ReStore in North Philadelphia
Firstrust Bank recently helped celebrate the grand opening of Habitat for Humanity Philadelphia’s new ReStore at 3111 West Allegheny Avenue with a $25,000 donation. The new ReStore is Habitat’s second ReStore location in Philadelphia, and 100 percent of its profits will go toward building and repairing more homes in the city. “As Philadelphia’s Hometown Bank,…
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The Power of Down Payments and Credit Scores
Let’s face it – nobody wants a mortgage, they want a home. Homeownership is a fulfilling experience and, unless you have the means of purchasing your home outright, a mortgage is the vehicle that drives you down that road. Because of how crucial mortgages are to homeownership, it’s good to know mortgage basics that can…
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Learn from WSFS Bank How to Protect Your Small Business from Asset Loss and Fraud at Today’s NoonZoom
Recent events in banking have brought new attention to the financial services industry and have business leaders wondering if they are taking the right steps to ensure their money is safe. Join a pair of experts from WSFS Bank to learn the several ways to safeguard against threats like fraud or market volatility. On Tuesday,…
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How to Protect Your Business Against Check Fraud
Whether it’s digital fraud, phishing and spoofing, or check and payments fraud, the reality is that many businesses (71%, according to a 2022 AFP Payments Fraud and Control Survey) unfortunately experience fraudulent schemes or attempts that can cost them time and money. The survey also found that the most common scheme (66%) currently impacting businesses is check fraud. While…
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Penn Community Bank CLO Named to Bucks County Bar Foundation Board
Stephanie Schwartzberg, Esq., Chief Legal & Risk Officer at Penn Community Bank has been named to the Board of Trustees for the Bucks County Bar Foundation. She joins the leadership of the 501c3 for a three-year term. “I am honored to join the Board of Trustees of the Bucks County Bar Foundation and for the…
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Meridian Bank Supports Paoli Hospital as Title Sponsor for 2023 Golf Classic
On Tuesday, May 16, Meridian Bank proudly supported the Paoli Hospital Foundation as the Title Sponsor for this year’s Golf Classic. Chris Annas, CEO of Meridian Bank, Geoff Sheehan, SVP C&I Lending, and Jessica Annas Tiagwad, SVP Marketing, presented a $50,000 donation to Paoli Hospital Foundation team members Elaine Bailey, Board Chair, and Meghan Sayer,…
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Firstrust Bank’s New Promotion Supports Summer Camp for Children with Disabilities
Your savings can now help send children and young adults with disabilities to summer camp. Firstrust Bank has launched a summer promotion with Variety — The Children’s Charity of Delaware Valley to support the nonprofit’s ACA-accredited summer camp program for local families and children with disabilities. Now through July 31, Firstrust will pledge a $25…
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Doylestown’s HV Bancorp, Parent Company of Huntingdon Valley Bank, Sold for $67.4M
The $67.4 million sale of Doylestown-based HV Bancorp, the parent company of Huntingdon Valley Bank, to Citizens Financial Services closed last week, writes Jeff Blumenthal for the Philadelphia Business Journal. With the finalization of the sale, Huntingdon Valley Bank became part of Citizens Financial subsidiary First Citizens Community Bank. The deal was originally announced in…
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How to Avoid Artificial Intelligence and Deep Fake Scams
Artificial intelligence (AI) can be a powerful tool, but what happens when it falls into the hands of scammers? While AI can help with things like chatbots for customer service and writing emails, it can also be leveraged by nefarious actors through deep fake scams that can mimic human voices, create fake videos, photos, and…
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Ways to Protect Your Business Accounts
Recent events have brought new attention to the financial services industry and have business leaders wondering if they are taking the right steps to ensure their money is safe. There are several ways to safeguard against threats like fraud or market volatility but ensuring your business’ money is protected in Federal Deposit Insurance Corporation (FDIC)…
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