Business
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Penn Community Bank Holding Region-Wide Day of Service Jun. 5
Penn Community Bank, the largest mutual bank in eastern Pennsylvania, will hold its third annual Day of Service on Wednesday, Jun. 5 from 2-5:00 PM. A team of over 300 volunteers, including Nonprofit Leaders and Penn Community Bank Executives and Team Members, will participate at 12 locations across the region. In addition to hundreds of…
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Bucks County Leadership: Rodger Levenson, Chairman, President, and CEO of WSFS Bank
Rodger Levenson, Chairman, President, and CEO of WSFS Bank, spoke with BUCKSCO Today about growing up in Broomall, where he loved riding bikes and playing sports with friends in his neighborhood. As a teenager, he learned about teamwork and discipline by working at a hotel and as a Camp Counselor. Levenson recalled how he got…
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Risky Bonds May Not Be So Risky Anymore
Risky bonds are now joining the rally of everything, as the premium that investors are demanding so they could hold debt from sub-investment-grade companies instead of the much-safer Treasurys has dropped to near pandemic-era lows, writes Vicky Ge Huang for The Wall Street Journal. The rally shows that worries about an economic slowdown that would…
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5 Financial Decisions to Make With Your Long-Term Partner
Money worries are the leading cause of stress in relationships, but simply having open, in-depth conversations along the way can help reduce some of the pressure. Whether you’re thinking about moving in with your partner, getting married, or you’ve already been together for a while and haven’t had detailed discussions about money, here are five major financial…
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Leverage Your Bank for Success
If you’re a business owner, you already know that the relationships you create across business lines will play a vital role in your success. You also know that sound financial management is a key cog in the wheel that keeps your business turning. This is why building and fostering a healthy relationship with your local bank…
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Investors Enjoying Almost Picture-Perfect Investing Environment
Investors are currently striking gold in nearly every market amidst an almost picture-perfect investing environment that boasts resilient corporate profits, low unemployment, and easing inflation, write Gregory Zuckerman and Gunjan Banerji for The Wall Street Journal. Last Thursday, the Dow Jones Industrial Average managed to cross the 40000 mark for the first time. Almost everything…
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Penn Community Bank Grant Fights Food Insecurity in Montgomery County
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, is proud to continue its support of efforts to combat food insecurity in the region with a $10,000 contribution to Garden of Health. The North Wales-based nonprofit partners with over 60 hunger relief agencies in Montgomery County and works with 2 large organizations in Bucks County…
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Penn Community Bank Supports Bristol Borough Youth Arts Programs with a $15K Grant
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has awarded a $15,000 grant to Bristol Riverside Theatre (BRT) (120 Radcliffe Street, Bristol) in support of Bristol Borough youth. Penn Community Bank has invested in critical programs for youth through BRT’s Arts Education programs for nearly 20 years. Today, these programs include ArtRageous…
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The Secret Weapon of High-Net-Worth Individuals Is Their Network
We already know that in real estate it is location, location, location. When it comes to getting exposed to alternative wealth strategies, being exposed to people who are investing in these deals, can help. Networking with rich individuals facilitates both wealth accumulation and access to exclusive investment opportunities, benefiting both parties involved. A prime example…
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Thrill-Seeking Investors Flocking to Single-Stock ETFs
Investors who are looking to ratchet up the risk are turning to single-stock exchange-traded funds, a relatively recent product that focuses on amplifying the return of one stock by using borrowed money or derivative contracts, writes Jack Pitcher for The Wall Street Journal. For example, if investors are not satisfied with the 80 percent year-to-date…
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Firstrust Bank Receives Inaugural Carter Builder Achievement Award from Habitat Philadelphia
In the 1930s, when commercial banks were not lending to his fellow immigrants in South Philadelphia, Samuel Green had a vision to create a secure haven for homeownership for the people in his community, and it’s one that ultimately manifested in the founding of Firstrust Bank. It should come as no surprise, then, that Firstrust,…
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C&N Welcomes Joe Bifolco as SVP, Senior Commercial Lending Relationship Manager
Joe Bifolco has joined the Commercial Lending team at C&N as SVP-Senior Commercial Lending Relationship Manager based in Chesterbrook. In his role, Bifolco will focus on building relationships with local businesses throughout Chester County and the surrounding area. Having spent 27 years in the banking industry, Bifolco has held a variety of positions ranging from…
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American Heritage Credit Union Acquires Three South Jersey Branches, Assets, and Membership from LINKBANK
American Heritage Credit Union has entered a definite purchase and assumptions agree with LINKBANCORP to acquire its banking operations from three branch locations throughout Southern New Jersey. This acquisition includes approximately $105 million in deposits and $123 million in loans. The three branches were previously a part of the Liberty Bell Bank division of The…
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Chris McDermott Joins Meridian Bank as SVP, Commercial Lending
Meridian Bank has appointed Christopher E. McDermott to the position of Senior Vice President, Commercial Lending. McDermott will join other members of the Meridian Commercial Lending Team in serving business customers in Bucks and Montgomery Counties. McDermott began his long banking career right out of high school. He started as a Clerk at Girard Bank…
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Meridian Bank Named a Top 10 Lender by the Pennsylvania Housing Finance Agency
On Apr. 3, 2024, Meridian Bank was named a Top 10 Lender by the Pennsylvania Housing Finance Agency (PHFA) for the year 2023. Meridian Bank has been a lending partner with PHFA for 13 years, and out of the 103 PHFA lending partners in 2023, Meridian once again was a top participating lender. Meridian has finished…
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4 Ways to Reinvest in the Future of Your Small Business
The past few years have certainly thrown quite a few challenges at small businesses, with many reimagining and reinventing their business. While tough economic conditions can certainly impact profits and cash flow, many of the most successful businesses lean in, embrace change, and adapt to market conditions to strengthen their business for the future. Here…
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C&N Promotes Michael Kilgour to SVP-Senior Commercial Lending Relationship Manager
C&N has promoted Michael (Mike) Kilgour to Senior Vice President – Senior Commercial Lending Relationship Manager for the Lancaster and York areas in recognition of his exceptional performance over the almost five years he has been with C&N. Kilgour joined C&N in 2019 as Vice President of Commercial Lending Relationship Management, bringing a wealth of…
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One of Wall Street’s Oldest Adages, ‘Sell in May and Go Away,’ Remains Valid … but Not as Much as Before
“Sell in May and go away,” one of Wall Street’s oldest adages, implies it is in the best interest of investors to sell their stocks at the start of May and come back to the market at the beginning of November. The adage is still valid, but not as much as before, writes Derek Horstmeyer…
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