Banking & Finance
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Citadel Credit Union Earns High Praise from Fortune Magazine
Citadel Credit Union has earned some high praise from Fortune this month. Not only has Citadel been named one of the nation’s 10 best banks and credit unions for February 2023 by Fortune Recommends, the global media organization’s independent arm dedicated to helping readers make smart decisions about the financial and business-related products they use…
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C&N’s Stacey Sickler Appointed to the Mortgage Partnership Finance Advisory Council
Stacey A. Sickler, SVP/Director of Mortgage Services, has been appointed as a member of the Mortgage Partnership Finance (MPF) Advisory Council, representing C&N’s membership institution, FHLBank Pittsburgh. The MPF program provides funding through the FHLBank Pittsburgh for conforming mortgage loans, enabling Sickler and her team to offer reasonably priced, 30-year fixed rate mortgages serviced by…
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Pennsylvanians Routinely Fail to Claim Millions in Lottery Prizes
Pennsylvania residents fail to claim an average of $17 million in lottery prize money each year, according to a staff report from the Pittsburgh Post-Gazette. Last year the tally was relatively low, with $8.2 million uncollected in prizes. In 2021, however, Pennsylvanians left $20.5 million on the table. From 2012-2021, the unclaimed annual average was…
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Are You Ready for the Recent Retirement Enhancements from the Secure Act 2.0?
In December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act to avert a shutdown and fund the federal government for fiscal year 2023. Attached to this 4,126-page bill is the Secure Act 2.0, which changes retirement planning as we know it. The Secure Act 2.0 builds on the original Secure Act passed in 2019…
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C&N Wealth Management Names Philip Prough Chief Investment Strategist
C&N Wealth Management has named Philip Prough as its Chief Investment Strategist. With more than 30 years of industry experience, Prough will lead the development and expansion of the C&N Wealth Management team’s customized investment management offering to new and existing markets. C&N Wealth Management Names Philip Prough Chief Investment Strategist “Wealth management has been…
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WSFS CARES Foundation’s $2.4 Million in Donations Last Year Bring Us Closer to ‘a Day When Everyone Will Thrive’
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, provided grants and donations totaling more than $2.4 million to community organizations located across Delaware, New Jersey, and Pennsylvania in 2022. In addition to the grants, Team WSFS, the WSFS corporate volunteer program, saw associates volunteer more than 17,000 hours in 2022 through community…
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Penn Community Bank Recognized for Commitment to Equitable, Inclusive Banking
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, announced that its Access Checking account has once again been certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2023–2024). The national safe account standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders,…
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Firstrust Bank Opens Fully Renovated, Collaboration-Supportive HQ in Conshohocken
If the story of the Firstrust Bank headquarters renovation in Conshohocken were a streaming service series, its title might have been The COVID Factor: What a Time to Rebuild a Building. Nonetheless, with equal parts of determination and patience, the work continued to unfold, navigating ever-changing health provisos, supply-chain tangles, labor shortages, and other issues…
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Invest in a CD to Maximize Your Savings as Interest Rates Rise
As the Federal Reserve continues to raise its benchmark interest rate to fight inflation, many consumers are looking for ways to boost their savings for a variety of reasons. While some are simply looking for ways to save money on everyday expenses, others are considering what they should do with their current savings nest egg.…
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Firstrust CEO and President Tim Abell Reflects on Bank’s FY2022 as Precursor to Overall Economic Outlook
Firstrust Bank CEO and President Tim Abell — before introducing speaker Lara Rhame, Chief U.S. Economist Lara Rhame at Philadelphia‘s FS Investment — reflected on the past year at a recent meeting of the Philadelphia Chamber of Commerce. “A New Building Block” “Some people like to think of the new year as a fresh start,”…
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C&N Welcomes M. William Kadri as Vice President, Regional Personal Banking Manager
C&N announces that M. William Kadri has joined the Southeast Region team as Vice President and Regional Personal Banking Manager based in Doylestown. Kadri brings 10 years of retail banking experience to the team at C&N. He will lead the southeast-region retail team in growing the market’s deposit and loan portfolio, while focusing on providing…
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Philadelphia’s Big Banks Subject of Two New Books
Philadelphia’s big banks, including Girard and Fidelity, Provident and PSFS, and PNB and First Pennsylvania, thrived for generations and founded factories, transportation, and trade in the region, writes Joseph N. DiStefano for The Philadelphia Inquirer. But all of them vanished in the merger craze of the 1980s and 1990s, with many employees losing their jobs…
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Penn Community Bank, Lehigh Valley Phantoms Announce Corporate Partnership
Penn Community Bank has teamed up with the Lehigh Valley Phantoms as part of a new corporate partnership. As part of the multiyear agreement, Penn Community Bank will hold a prominent position with the franchise, featuring the naming rights of the PPL Center concourse and owner of an executive suite. Gliding into 2023 Penn Community…
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Deadline Nears to Nominate Local Teachers for Citadel Heart of Learning Award
Sunday, Jan. 15 is the last day that Citadel Credit Union will accept nominations for its prestigious teaching excellence award, the Citadel Heart of Learning Award. If you know some teachers who go above and beyond the call of duty and truly make a difference in the lives of students, please nominate them for the Citadel…
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Seedcopa’s 2023 Business Lending Outlook
The past year has seen a profound change in interest rates for loans of all kinds, including below-market rates through government-backed business loans like those we offer at Seedcopa + SeedcoDE. Before we dive into my annual Business Lending Outlook, first let’s examine what got us here: There’s a lot of commentary out there that…
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Bucks County Leadership: Mike Fitzgerald, Market President, Univest Bank
Mike Fitzgerald, market president for East Penn and New Jersey at Univest Bank, spoke to BUCKSCO Today about growing up in Philadelphia and Holland and the pervasive influence wrestling has had on his life – from being a captain in high school, returning to coach his alma mater after college for seven years and returning…
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Firstrust Bank Execs, Having Conquered Mount Kilimanjaro, Return with New Outlooks, Deep Friendships, and Professional Takeaways
Despite being home two weeks after a life-changing climb of Mount Kilimanjaro, Firstrust EVP Michael Dinda still sported the sunburnt face he got during the adventure. But if anything, Dinda’s rosy glow caused the commercial banking division manager’s smile appear yet more dazzling white. His climbing partner and colleague, Seth Mackler (EVP, commercial real estate…
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If You’re in the Market for a New Home, You May Have More Buying Power in 2023
If you’re planning to buy a new home in 2023, the first few months of the new year may offer more buying power and present a better-than-anticipated buyers’ market due to several factors that are not only influencing homebuyers’ financial position but also easing the inventory constraints we’ve seen in recent years. Key Market Factors…
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