Business
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Patrick Hart Joins Meridian Bank as SVP, Commercial Lending
Meridian Bank has appointed Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community. Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his…
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Philadelphia Eagles and Firstrust Bank Award High School Entrepreneurs in Student Business Pitch Competition
Six teams of students from four high schools in the Greater Philadelphia and Southern New Jersey regions recently competed in a business pitch challenge hosted by the Philadelphia Eagles and Firstrust Bank. The competition marked the culmination of the Entrepreneurs Game Plan powered by EVERFI program, a digital learning platform implemented in 30 area high…
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WSFS Mortgage Study Reveals Positive Attitudes Toward Reverse Mortgages but Also Educational Opportunities
Reverse mortgages are gaining traction as a viable financial strategy for retirees seeking to enhance their cash flow and maintain their lifestyle in their golden years, according to a recent study by WSFS Mortgage, a division of WSFS Bank. The study, which surveyed 750 homeowners aged 60 and older, sheds light on the potential benefits…
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‘A Major Narrative Change’: Exxon’s Surge Points to Market Shift Not to Be Ignored by Investors
Exxon Mobil’s surge throughout the year put the oil company on par with the leading tech stocks, pointing to an important shift in the market that should not be ignored by investors, in case the narrative changes again, writes James Mackintosh for The Wall Street Journal. When compared to the four top tech stocks, Exxon…
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Exton Mall Owner PREIT Going Private After Emerging from Bankruptcy for Second Time
PREIT, the owner of Exton Square Mall, is set to go private after it emerged from bankruptcy protection for the second time in four years, writes Paul Schwedelson for the Philadelphia Business Journal. When it filed for bankruptcy in December, the company faced over $1 billion in debt coming due. Now, PREIT entered a prepackaged…
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Kylie Kelce’s Net Worth Is Growing and She’s Putting It to Good Use
Despite a modest approach to her celebrity, Kylie Kelce is reaping the financial benefits as part of a popular two-some. As her Instagram followers grow, so does Kylie’s net worth, thanks to a large number of celebrity endorsements. She’s been able to use that to help several philanthropic causes, writes Mehera Bonner for Cosmopolitan. According…
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C&N Celebrates ‘the Magnitude of Its History’: 160 Years of Building Relationships, Empowering Communities
C&N recently commemorated its 160th anniversary with a week-long celebration throughout the bank that culminated with ringing the NASDAQ opening bell on March 22. “I have reflected on what 160 years of banking has meant to the customers and communities that C&N has served and thought about the relationships we’ve built with generations of families,…
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Millennials Flock To Single-Family Rentals
There is a new asset class I’ve seen in several different alternative investment “wrappers.” Besides using Delaware Statutory Trust’s (DST) alternative investment, companies are also putting this new asset class in three-to-five-year programs to build, lease up, and sell. This new asset class is single-family build-to-rent homes. As millennials reach the age where many start families, they…
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Your Second Home Can Turn into a Tax Trap; Here’s How to Avoid It
While owning homes in several states is becoming more common, especially since the pandemic, it is important to be careful not to break state tax laws, writes Cheryl Winokur Munk for The Wall Street Journal. People often buy their second home in a lower-tax state with the intent of living there and saving on taxes.…
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WSFS CARES Foundation Provides More Than $185,000 in First-Quarter Grants to Community Organizations
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to five organizations as part of its continuing series of philanthropic activities. The grants will support the following organizations: “The mission of the WSFS CARES Foundation is to support nonprofits that are invested in improving communities and fostering a spirit of…
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Delaware County Ticketholder Wins Million Dollar Powerball Prize
A Delaware County Powerball ticket holder is a million dollars richer after hitting five of the numbers drawn on Wednesday, March 27, reports the 6abc Digital Staff. There continues to be no top winners of the Powerball jackpot, which stood Monday, April 1, at $1.026 billion, the fifth time that jackpot has reached so high.…
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Penn Community Bank Announces Officer Hire, Promotions
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, has made several new hires and promotions across its operations team, including Marketing, Training, and Compliance: “Our team members are our greatest asset, so attracting, developing, and retaining high-performing people is crucial to our long-term success,” said Jeane M. Vidoni, Penn Community Bank President and…
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Du Pont Family Member and Venture Capital Entrepreneur Hints Future Innovation at Longwood Gardens
A du Pont family entrepreneur is telling The Philadelphia Inquirer that people can expect to hear more about products and investments coming from Kennett Square’s esteemed Longwood Gardens, writes Joseph DiStefano for The Philadelphia Inquirer. Ben du Pont, the most prominent living family member, is using his venture capital fund Chartline Capital Partners to invest…
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Invest in Real Estate Without the Heavy Lifting Associated with Property Development, Renovation
There are plenty of ways to invest in real estate without having to deal with the complexities and heavy lifting that come with property development and renovation, according to MoneyWise. Fully managed residential real estate Do you trust the markets to take care of your future? In today’s economic environment, having options besides public stock,…
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Research Suggests Fees and Intermediaries Eat Up as Much as Half the Returns on Investments
The investing business is fueled by fees and intermediaries — mutual funds and stockbrokers — that can eat up as much as half of the wealth that could be achieved in a certain period, writes Jason Zweig for The Wall Street Journal. When you invest, there are always associated costs that can kill the returns.…
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Penn Community Bank Leaders Testify in PA House Field Hearing on Fraud Prevention
Leaders from Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, joined state lawmakers and area business and government officials at a hearing last week focused on addressing the rising level of fraud impacting area residents. The hearing, entitled “Safeguarding our Community from Fraud,” featured Penn Community Bank’s Jeane Vidoni, President and CEO,…
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Build a Custom Strategy for All of Life’s Phases with Citadel Credit Union
Check in with a Citadel Credit Union financial advisor to get inspired for your future. It’s never too early or too late to set financial goals, but achieving them requires a clear picture of your personal finances and an understanding of the services and strategies available to support you. Whether you’re just getting started, already…
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Jeane Vidoni Named to Metro Philadelphia Power Women List
Penn Community Bank, the largest independent mutual bank in eastern Pennsylvania, recognizes President and CEO Jeane M. Vidoni for being named to Metro Philadelphia’s Power Women list for 2024. “This year the Metro Philadelphia Power Women list honors the entrepreneurs, public servants, educators, artists, and leaders working to make Philadelphia a more equitable and innovative city,” said the outlet. “Whether they’re…
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