Business
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Penn Community Bank Commits $35,000 to DelVal, Helps to Ensure ‘All Students Have Opportunity to Succeed’
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has committed $35,000 to Delaware Valley University, aimed at supporting student success and addressing technology needs. The majority of the funds ($25,000) will provide scholarships to low- to moderate-income students across all majors, helping to alleviate financial barriers to higher education. Additionally, a second…
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Meridian Bank Sponsors Devon Fall Classic, SVP of Commercial Lending Presents Feature Class Award
Meridian Bank was the Wheeler Sponsor of the Devon Fall Classic, which spanned from Sept. 12-15. On Sept. 13, Marc Pelletier, SVP of Commercial Lending, had the honor of presenting the “Speed Stake” Award ($10,000) to the Feature Class champion in the Dixon Oval. The Devon Fall Classic is a signature Main Line tradition and…
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New Contest from Firstrust Bank, Philadelphia Eagles to Give ‘Brotherly Shove’ to a Local Business’s Bottom Line
New for this football season, Firstrust Bank and the Philadelphia Eagles have teamed up for the Brotherly Shove Business Spotlight, a program focused on supporting and promoting businesses in the Greater Philadelphia area. The Brotherly Shove Business Spotlight will award one Greater Philadelphia business up to $40,000 in promotional assets, including mention on the Eagles…
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Radnor’s Lincoln Financial Is Rebranding, So Eagles Stadium Gets New Look
Lincoln Financial Field is going to look slightly different at the start of the Philadelphia Eagles’ next season. Radnor-based Lincoln Financial, who has the naming rights to the Eagles stadium, has created a new logo and a refreshed tagline, writes Jeff Blumenthal for Philadelphia Business Journal. The goal is to sharpen the purpose of the…
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Firstrust Bank Leads $1 Billion Banking Facility for College Ave
Firstrust Bank, as lead bank for College Ave, has arranged a $1 billion banking facility to help fuel the continued growth and success of College Ave’s student loan program. The collaboration demonstrates Firstrust’s commitment to innovation through Banking-as-a-Service (BaaS) solutions. “Firstrust’s role as the lead banker in this partnership demonstrates our capacity to support large-scale…
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Top 5 Misconceptions about Data Security and Fraud Prevention
Bringing his extensive expertise from the FBI, Rick Cimakasky manages Penn Community Bank’s robust customer and data safety protocols — guarding assets while understanding and addressing emerging threats in the ever-evolving landscape of financial crimes. Many business owners have dangerous misconceptions about what it takes to properly secure their data and prevent fraud. Let’s debunk…
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Refinance Ready? Key Considerations for When to Refinance Your Mortgage
Interest rates have continued to impact many aspects of consumers’ lives in recent years. After record-low rates early in the pandemic gave way to mortgage rates higher than they had been for more than a decade, many homebuyers and sellers have been left on the sidelines. Homeowners who were able to lock in their rate…
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Bucks County Leadership: Gary Golden, CEO, Propell Credit Union
Gary Golden, CEO of Propell Credit Union, spoke with BUCKSCO Today about growing up in Michigan and West Chester. He recalled idyllic memories of playing outside all day long in the summer and playing football, baseball, and basketball until an injury cut his college football career short. Golden described juggling work, college, and starting a…
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Fast-Growing Berwyn Fintech Being Acquired by Bank of New York Mellon
Berwyn-based Archer Holdco will be acquired by Bank of New York Mellon in a deal that is expected to close in the fourth quarter, writes Jeff Blumenthal for the Philadelphia Business Journal. The fast-growing fintech offers managed account software to the asset/wealth management industry. The company primarily focuses on providing middle- and back-office software to…
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Firstrust Banks Partners with African-American Chamber of Commerce of PA, NJ & DE, Expands Financial Resources for Black Businesses
Firstrust Bank has partnered with the African-American Chamber of Commerce of PA, NJ, and DE to support local entrepreneurs with trusted financial resources to foster growth. As Philadelphia’s Hometown Bank and the Official Bank of the Philadelphia Eagles, Firstrust is committed to cultivating prosperity for all businesses in the Greater Philadelphia region. This partnership reflects…
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C&N Invests in Local Education, Donates More Than $920,000 to Area Schools and Nonprofits
C&N recognizes the importance of investing in local education and has donated $921,556 to area Educational Improvement, Scholarship, and Pre-Kindergarten Scholarship Organizations. These donations were made under the Educational Improvement Tax Credit (EITC) Program. Education is key to a strong and prosperous community. However, there are many budgetary roadblocks preventing children from receiving the level…
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WSFS Bank Donates $50,000 to Nonprofit Organizing 250th Birthday Celebrations for Navy, Marine Corps
WSFS Bank has donated $50,000 to Homecoming 250 Navy Marine Corps, a nonprofit organizing 250th birthday celebrations for the Navy and Marine Corps in Philadelphia and Camden in 2025. “This support for our effort to celebrate the Navy and Marine Corps 250th birthdays in their Delaware Valley birthplace is greatly appreciated,” said Homecoming 250 President…
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If You’re Behind on Saving in Middle Age, There’s Still Time to Increase Your Savings Rate and Map Your Later Years
If you are behind on saving in middle age, many financial advisors believe there is still time to increase your savings rate and map your later years, writes Hannah Miao for The Wall Street Journal. In 2023, the median account balance of workers between 45 and 54 years old in employee-sponsored retirement plans such as…
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Unlocking The Power of CLOs: A High-Yield Weapon for Savvy Investors
New asset classes do not come along very often, but there are some unique ones worth investigating. One that you may not have much exposure to is called a collateralized loan obligation or CLO. CLOs are not new, having been around since banks and insurance companies started to use CLO technology for regulatory capital relief…
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Bucks County Residents Reclaim Over $100,000 in Unclaimed Property
The Pennsylvania Treasury returned more than $103,000 worth of unclaimed property to residents of Bucks County, according to a staff report from The Citizens’ Voice. Residents were able to search for their unclaimed property at two events that were held on August 9 in Lower Southampton Township and Warminster Township. The events were hosted by…
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Bensalem Welcomes Navy Federal Credit Union Amid Expansion in the Philadelphia Region
Navy Federal Credit Union has opened a new branch in Bensalem as part of its ongoing regional expansion, writes Jeff Blumenthal for the Philadelphia Business Journal. This marks Navy Federal’s third branch in the Philadelphia area, with another planned for South Philadelphia. The decision to open in Bensalem was driven by the area’s significant…
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Partnership with American Community Journals Is Foundational to Meridian Bank’s Marketing Magic
In the wake of the Great Recession, the banking industry has had to endure an ongoing public-relations challenge, according to Jessica Annas, Meridian Bank’s Senior Vice President of Marketing. “Banks were kind of unfairly viewed as the scapegoat for the Great Recession,” she said. “There weren’t a lot of positive stories about banks in the…
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Investors Preparing for More Turbulence Following Return of Market Volatility
Following the return of market volatility after roughly 18 months of slumber, investors are preparing for more turbulence over the coming period, writes David Uberti for The Wall Street Journal. Turbulence has mounted for about a month, culminating last week when the S&P 500 logged both its best and worst days since 2022. Traders have…
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