Business
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Citadel Credit Union Appoints New Members to Its Board of Directors and Supervisory Committee
Jessica Schuler and Madhav Gopal have joined Citadel Credit Union’s Board of Directors, and Crystal Nguyen and Jennifer Frost have been appointed to its Supervisory Committee. These additions reflect Citadel’s ongoing commitment to strong governance, business evolution, and community service. Schuler, previously the Chair of the Supervisory Committee, joins the Board of Directors with extensive experience in the insurance and financial services…
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Firstrust Bank Supports Success of Fast-Growing Video Production Agency in Philadelphia
As a boutique video production agency, 20/20 Visual Media has been telling stories with engaging custom marketing content for clients in a wide range of industries since 2011. In doing so, the people at the Philadelphia-based company are more than directors, producers, and videographers — they’re artists who understand that every great story has plot…
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Giant Funds Are Taking over Wall Street
Giant funds are taking over the financial system, with top firms now controlling amounts that rival the economies of many large countries, writes Matt Wirz for The Wall Street Journal. Asset managers are entering new business areas and blurring the lines of who does what on Wall Street. In the process, they are nudging the…
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USA Today, Philadelphia Inquirer Recognize Firstrust Bank as a Top Workplace for 2024
The hard-earned reputation that Firstrust Bank has for treating its customers well starts with the way it treats its employees. After all, they’re the most important assets the bank has for serving its customers. One might even say that Firstrust employees are like a family, which seems appropriate for a 90-year-old, family-owned enterprise. As an…
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Bridging the Past with the Future: Creative Capital Wealth Management Group Unveils New Logo and Website
The bridge logo of the nationally recognized, retainer-based Creative Capital Wealth Management Group is well-established not just in its home territory of Chester Springs but also in 34 states. In fact, over the course of the firm’s 20 years in business, Creative Capital’s steadfast branding and personal approach to wealth management has fostered long relationships…
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Citadel Credit Union to Host Webinar on Tax Planning Throughout the Wealth Cycle on May 8
Citadel Credit Union will host a webinar, entitled “The Tax Journey: Accumulation to Wealth Transfer,” on Wednesday, May 8 from 12-1 PM. Seth Borders, Senior Financial Advisor, will discuss: A Certified Financial Planner with more than 10 years in the industry, Borders works one-on-one with Citadel members and the local community to design and implement…
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Penn Community Bank Launches New Business-Focused Magazine
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has launched its new business magazine, Mutual Interest. Building on the bank’s much-anticipated quarterly economic newsletters, the new print and digital piece features timely economic updates, actionable content from thought leaders throughout the bank, and customer spotlights. The first edition includes articles on fraud prevention, attracting…
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See How Much Philadelphians Are Earning
The great Philadelphia salary report of 2024 is out, providing us with a chance to see what locals are earning, from CEOs and athletes to drag queens and 911 dispatchers, writes Victor Fiorillo for Philadelphia Magazine. With $32.1 million, Comcast CEO Brian Roberts is the highest-paid CEO at any publicly traded company in the region.…
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Diversify Your Portfolio: The Art Of Selecting Alternative Investments
Let’s face it, the world of alternative investments is big and getting bigger. So what should you look for when selecting an alternative investment? The fact is that there are four basic ways to invest in assets other than stocks and bonds: If you can invest directly into the underlying asset (like a $30M distribution…
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How WSFS Bank Is Making Foreign Exchange a Less Foreign Concept for Its Customers
Touchstone Home Products has roots that originated 38 years ago and has since grown to be an industry leader in electric fireplaces, patio heaters, TV lift cabinets, and other home goods. The company has continually exceeded customer expectations and, as the business evolved, took an interest in electric fireplaces — a product that was only…
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Investors’ Concerns About America’s Bonds Intensify
Following a string of weak auctions for U.S. Treasurys, investors are becoming increasingly concerned that the market will not be able to absorb an incoming influx of government debt, writes Eric Wallerstein for The Wall Street Journal. A hotter-than-expected inflation report triggered a selloff that worsened last week, following weak demand for a $39 billion…
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Firstrust Bank Expands Access for First-Time Homebuyers
Philadelphia’s Hometown Bank is opening doors for first-time homebuyers. The First Front Door program is now available at Firstrust Bank. The First Front Door program, administered by the Federal Home Loan Bank of Pittsburgh, provides down-payment and closing-cost assistance to eligible first-time homebuyers. Borrowers can qualify for up to $15,000 in assistance to make the…
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Penn Community Bank’s Jeane Vidoni To Lead PA Bankers’ Federal Government Relations Efforts
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has shared that President and CEO Jeane M. Vidoni has been named Chair of the PA Bankers Association’s Federal Government Relations Policymakers and Direct Contact Bankers Committee. In her role, Vidoni will lead the statewide industry association’s volunteer team which coordinates and actively participates in grassroots…
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Amidst Continued Growth, Citadel Credit Union Reinforces Commitment to the Communities It Serves
Citadel Credit Union is reinforcing its dedication to supporting the communities it serves across Chester, Bucks, Delaware, Montgomery, Lancaster, and Philadelphia counties through ongoing community initiatives. Corporate Responsibility In July 2023, Citadel formalized its corporate giving and volunteer program, Citadel Cares, with a commitment of more than $2 million in the next four years and…
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Understanding EBITDA as A Key Metric in Obtaining SBA Financing
Within SBA financing, EBITDA is a crucial metric used by SBA Lenders. It’s an acronym for Earnings Before Interest, Taxes, Depreciation, and Amortization and measures a company’s operating performance without factoring in certain non-operational expenses. EBITDA highlights the exclusion of these specific expenses to provide a clearer picture of a business’s operational efficiency. EBITDA provides…
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WSFS Bank Launches Early Pay, Enabling Customers to Receive Eligible Direct Deposits Early
WSFS Bank has launched Early Pay, which allows customers to receive eligible direct deposits from their employers up to two days early. Early Pay is also available for recurring government benefits, such as Social Security payments. “We’re thrilled to be able to offer Early Pay to our customers to help streamline their eligible direct deposits…
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Homebuying in 2024: Are Discount Points Worth the Cost?
When compared to previous years, 2023 mortgage rates skyrocketed, making homebuying difficult or even out of reach for some. In an attempt to alleviate this challenge, many homebuyers turned to discount points, which essentially means they paid extra money upfront to lower their interest rate. Think of it like a VIP pass to a lower…
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First Quarter Brings Hope for Private-Equity Exits
While the number of private-equity exits is still stunted compared to a couple of years ago, first-quarter activity has shown some hints of improvement, writes Maria Armental for The Wall Street Journal. Thanks to The Home Depot’s soon-to-be-completed acquisition of building-materials supplier SRS Distribution, the overall value of U.S. private-equity exits rose to $62.77 billion…
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