Banking & Finance
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How Firstrust Bank’s Time-Tested Experience Warded Off High-Profile Industry Woe
The Silicon Valley Bank failure has caused a banking industry uptick in diligence, as reported by Joseph N. DiStefano in The Philadelphia Inquirer. At Firstrust Bank, Conshohocken, the increased oversight comes atop its vast experience. Early in the industry unsteadiness, Firstrust accented high-quality consumer and home mortgage loans, related Tim Abell, president. That action precipitated…
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America’s Biggest Bank Might Be Opening a New Branch in Bucks County. Read to Learn Where
A major bank is discussing plans to open a new location in Bucks County, allowing more commerce and financial deals in the area. Jeff Ward wrote about the new bank for WFMZ 69 News. JPMorgan Chase is considering opening a new branch in Morrisville. The proposed location would be at the southwest corner of West…
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C&N Wealth Management Joins Institution Services Platform of LPL Financial
C&N Wealth Management has joined LPL Financial’s Institution Services platform. C&N’s leaders reported having served approximately $475 million in brokerage, advisory, and retirement plan assets. They were previously affiliated with Cetera Financial Group. C&N opened its first location in Wellsboro, Pa., during the height of the American Civil War. Since 1864, the company has expanded…
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Penn Community Bank Adds Three New Local Leaders to Its Board of Directors
Penn Community Bank welcomed Becky Bradley, Ram Mohan, and Robert W. Pritchard to its board of directors. “We are pleased to welcome Becky, Ram, and Rob to Penn Community Bank’s board,” said Bill Larkin, Chair of the Penn Community Bank Board of Directors. “Each brings a wealth of professional and community experience, and will immediately make…
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Bucks County Leadership: Jared Utz, Regional President, Mid Penn Bank
Jared Utz, Regional President, Southeastern Region of Mid Penn Bank, spoke to BUCKSCO Today about growing up in Philadelphia, near Fairmount Park. He was also drawn to sports, competing in cross country and tennis as well as teaching tennis as a high schooler. Utz also worked for his father’s consumer finance company from a very…
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WSFS Bank Study Finds Americans Confident Managing Their Money, but Many Factors Impact Financial Security
A new survey from WSFS Bank found Americans are confident managing their money, including 91 percent of respondents in the Greater Philadelphia and Delaware region (89 percent nationally), but 34 percent in the region were not confident they could weather an economic downturn or recession (41 percent nationally). The study, which surveyed 1,001 residents of…
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C&N Augments Human Resources Team With Promotions and New Hire
C&N Bank has promoted two internal professionals and added a third to augment its human resources team. Cody Bowen and Dusty Zeyn have been promoted, and Jonathan Grissinger is the new hire. The structural adjustments go to highlight the team’s increased ability to acquire and retain talented teammates who excel in their fields. They also…
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WSFS CARES Foundation’s First-Quarter Grants Benefit Community Organizations in Delaware, Pennsylvania
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to three community organizations located in Delaware and Pennsylvania as part of its continuing series of philanthropic activities. The grants will support the following organizations: “Revitalization and Business Economic Empowerment, Education, and Leadership Development are among the core pillars of the…
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WSFS Bank and Bryn Mawr Trust’s Women in Wealth Making ‘Measurable Impact’ in Male-Dominated Industry
Wealth management has traditionally seen males take leading roles, a fact that makes WSFS Bank and its Bryn Mawr Trust division somewhat of a unicorn in the realm of financial services. In a male-dominated industry, where businesses still have a long way to go to make gender equity a reality, WSFS boasts a strong lineup…
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C&N Promotes Kelley Cwiklinski to Executive Vice President & Chief Commercial Lending Officer
C&N announces that Kelley Cwiklinski has been promoted to Executive Vice President & Chief Commercial Lending Officer, based in Doylestown. As the Chief Commercial Lending Officer, Cwiklinski will develop, drive and monitor the Commercial Lending function’s annual and long-term business plans and budgets. She will also maintain an effective commercial business development program to ensure…
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Two High-Profile Bank Failures in One Weekend; C&N Bank President & CEO Responds
The bank failures of Silicon Valley Bank (SVB), Santa Clara, Calif., and Signature Bank, New York City, was a one-two punch to the U.S. financial services industry. C&N Bank President and CEO Brad Scoville issued the following statement on the occurrences. His words, issued from the bank’s Wellsboro headquarters and edited only for style, follow:…
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Penn Community Bank President & CEO to Lead National Federal Reserve Board Council
Jeane M. Vidoni, president and CEO of Penn Community Bank, has been appointed by the Federal Reserve Board of Governors to serve as president of the national Community Depository Institutions Advisory Council (CDIAC). The national CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are…
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Why the Right Banking Partner Is Key When Growing Your Business
S. Walter Packaging is a true legacy brand — a custom packaging solutions company founded in Philadelphia in 1904 by Simon Walter with a focus on kraft paper bags and wrappings. Over the years, the company has weathered significant events from the Great Depression to COVID, but more than 119 years later, the company’s resilience…
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Philadelphia Business Journal’s 2023 Power List Finds Firstrust’s Tim Abell Quite Able
When considering area business leaders for its annual Power 101 list, Philadelphia Business Journal Editor in Chief Ryan Sharrow looks for honorees with strength, control, impact, and a special ability to influence change. Tim Abell, one of the notables on the 2023 roster, certainly exhibits those qualities as CEO of Firstrust Bank. Sharrow explains that…
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First Commonwealth Completes Acquisition of Centric Financial Corporation
First Commonwealth Financial Corporation has completed its previously-announced acquisition of Centric Financial Corporation the parent company of Harrisburg, Pennsylvania-based Centric Bank, effective Feb. 1, 2023. “We are pleased to announce the completion of the merger with Centric and are excited to build upon the terrific relationships that Centric has developed over the years,” said President…
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Penn Community Bank Deploys Loan Origination System to Enhance Customer Experience
Penn Community Bank announced it has implemented the Lenders Cooperative Loan Origination System (LOS), which is focused on small business and commercial product lending. The LOS platform provides a fully online digital experience for the bank’s customers, allowing them to apply for their capital needs anytime, from anywhere. In addition to the enhanced front-end customer…
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Citadel Credit Union Hires Sheri Perkins to Lead Its Retirement & Wealth Management Division
Sheri Perkins has joined Citadel Credit Union’s executive leadership team as the Senior Vice President and Head of Citadel’s Retirement & Wealth Management division and as the Program Manager for CUSO Financial Services, L.P. (CFS). This is a senior leadership role for the company in which Perkins will provide guidance and oversight for the award-winning…
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Firstrust Bank Chairman Richard Green Leveraged Eagles’ Super Bowl Loss into Brand Wins
Super Bowl LVII, a fan disappointment, had a better outcome for the Firstrust Bank brand and chairman Richard Green. Jeff Blumenthal explained in the Philadelphia Business Journal. Green, whose Conshohocken institution is the team’s official bank, noted an organizational uplift after the NFC Championship win. “All of our staff and our customers are much more…
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