Banking & Finance
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Meridian Bank Seeks to Enrich the Communities It Serves, Donates $5,000 to Local History Center
Meridian Bank recognizes its responsibility to enrich the communities it serves. Since the bank’s inception in 2004, it has contributed millions of dollars to local charitable organizations and civic institutions. In Pennsylvania, the EITC (Educational Improvement Tax Credit) Program allows eligible businesses to receive tax credits in exchange for donations to pre-approved charitable and/or civic…
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C&N Partners with ABA in Effort to Teach Teens How to ‘Get Smart About Credit’
C&N is teaming up with the American Bankers Association Foundation’s Get Smart About Credit program as part of an ongoing effort to teach teens how to manage their money. Now in its 18th year, Get Smart About Credit is a national campaign of volunteer bankers who visit classrooms and community organizations across the country to…
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Penn Community Bank Counsel Joins Board of Directors of Leading Therapeutic Equestrian Center
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, announces the appointment of Stephanie Schwartzberg to the board of directors of Ivy Hill Therapeutic Equestrian Center. In the new role, Schwartzberg will provide governance and aid in development opportunities over her two-year term. “Stephanie has been volunteering her time at Ivy Hill Therapeutic Equestrian…
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In the Aftermath of Recent Weather Disasters, Penn Community Bank Partners with United Way to Help
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, partnered with United Way of Bucks County (UWBC) to establish a coordinated disaster relief fund. The two entities are collaborating to help individuals and families affected by the recent severe flooding and tornados in Lower Bucks County. Launched with initial donations of $25,000 from…
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Penn Community Bank’s Bernard Tynes Joins Leadership of Pennsylvania Bankers Association
Penn Community Bank proudly announces the naming of Bernard Tynes, who is SVP and Director of Marketing and Data Analytics, to the board of directors of the Pennsylvania Bankers Association. Tynes is among several new directors added to the board. He has earned this distinction as one of the youngest appointees in the trade association’s…
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C&N Employees Raise More Than $129,000 for Local Food Banks
C&N’s Giving Back, Giving Together program has raised $129,129, which will provide more than 775,000 meals to the community through its partnership with area food banks. In addition to the monetary donations, C&N employees collected 3,012 necessity items and volunteered 290 hours at local food banks. In April 2020, C&N teams partnered with 17 local…
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Penn Community Bank’s ‘Click for a Cause’ Campaign Gives $30,000 to the Local Organizations You Chose
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce $30,000 in nonprofit donations as part of its “Click for a Cause” social media and online community giving contest. After more than 4,000 votes cast by members of the community on the bank’s website, Facebook, and Instagram, the results are: First…
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Pennsylvania Among Top Ten States With Lowest Credit Card Debt
Pennsylvania is among the top ten states with the lowest credit card debt in the nation, according to a new report by WalletHub. Americans began 2021 owing nearly $900 billion in credit card debt. This is a bit lower than last year, thanks in part due to record paydowns. Some of that debt reduction came…
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Open a New Checking or Savings Account with C&N and Earn a Chance to Win $5,000
This summer, C&N customers can get rewarded in more ways than one: They can enjoy the same features as a national bank but with localized service and have a chance to win some money. In June, July, and August, everyone who opens a new checking or savings account with C&N will be entered in a…
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Penn Community Bank Executives Named to Local Nonprofit Boards
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, is proud to announce two of its executives are expanding their community involvement by taking new leadership roles by serving on local nonprofit boards. Charles Field, Chief Financial Officer, has joined the board of directors of Network of Victim Assistance (NOVA). NOVA supports and…
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Retiring Southampton Rubber Tubing Company CEO Stretches Traditional Thinking About Selling His Business
In 2006, Ken Baker, CEO of New Age Industries, Southampton, mapped out his eventual retirement. He considered several methods of divesting himself of his plastics and rubber manufacturing operation. But he chose to sell it to his employees, as reported by Gene Marks for The Philadelphia Inquirer. Baker’s “sale” came in the form of an…
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Penn Community Bank Welcomes New Commercial Bankers
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, continues its efforts to better meet area business needs. Its roster of professional resources now includes two new commercial bankers: Stephen Kalamar – SVP, Senior C&I Relationship Manager Nick Saenz – VP, Real Estate Relationship Manager “Penn Community Bank continues to invest in talented…
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Penn Community Bank Names Stephen Murphy Chief Banking Officer
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, has named Stephen Murphy EVP, Chief Banking Officer. Murphy led the bank’s Residential and Consumer Lending department since 2013. He headed sales administration across the organization since 2019. In the new and expanded role, he will oversee consumer banking functions, including retail banking and…
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Penn Community Bank/St. Luke’s Collaborate to Ensure That Quakertown Kids Eat Lunch This Summer
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, has once again partnered with St. Luke’s University Health Network to ensure that no Quakertown-area child goes without a nutritious lunch during the summer months. “At Penn Community Bank, we believe in the power of community and serving the greater good. That means partnering…
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JPMorgan Chase, Targeting a 50-Branch Philadelphia Region Expansion, Eyes Four of Them for Bucks County
JPMorgan Chase & Company, in the midst of establishing 50 branches in Philadelphia and its collar counties, is hoping that Bucks County consumer banking customers will support four of them. Jeff Blumenthal covered the new territory for this New York institution for the New York Business Journal. When Chase CEO Jamie Dimon toured Philadelphia in…
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Vanguard’s First-Ever Acquisition ‘an Important Equalizer’
By agreeing to buy Just Invest, a wealth management technology provider based in Oakland, Calif., Vanguard has made the first acquisition in its 46-year history, writes Jeff Blumenthal for the Philadelphia Business Journal. Financial terms of the deal remain undisclosed. The company expects a fourth-quarter close of the sale. In a press release, Vanguard highlighted…
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Penn Community Bank Continues Branch Revitalization Initiative with Bristol Renovation
Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, continues to reinvest in its branch network by fully renovating its Bristol branch. Located on Mill Street in the heart of Bristol Borough, the branch is the next bank facility to undergo revitalization work as part of a networkwide initiative. “Bristol has been an…
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William Penn Bank’s New EVP Is Known for ‘Insatiable Need to Improve Her Little Corner of the World’
William Penn Bank, Bristol, has a new Executive Vice President and Chief Retail Officer, Jeannine Cimino. The role brings her from New Jersey’s Berkshire Bank to this side of the Delaware. “I am excited to be joining the William Penn team and look forward to continuing to build the William Penn brand. This opportunity allows…
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