Business
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Meridian Bank Opens Main Line Flagship Location in Wayne
On Wednesday, June 14, Meridian Bank debuted their flagship Main Line office with an official Ribbon Cutting Ceremony in downtown Wayne. Meridian executives, VIP customers, prominent business owners and local influencers attended the celebration which showed a first look at the inside of the newly renovated location at the intersection of N. Wayne and Lancaster…
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Bucks County Casino Still Involved in Investigation Regarding Meetings with Lobbyists
Behind-the-scene efforts by lobbyists for the Parx Casino in Bensalem to get the Gaming Control Board to regulate skill games have come under scrutiny by Pennsylvania lawmakers, writes Angela Couloumbis for WPSU. A recent Spotlight PA story highlighted a private meeting between the lobbyists and the state Gaming Control Board top officials over an issue…
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Lottery Ticket Worth $3 Million Sold at Bucks County Retailer. Read to Learn More
A lucky lottery player recently purchased a winning ticket at a Bucks County shop, and now officials are waiting to find the winner. Damon C. Williams wrote about the winner for the Bucks County Courier Times. The Pennsylvania Lottery has announced that a Diamonds and Gold ticket worth $3 million was recently purchased at a…
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Here Are a Few Strategies Used by Ultra-high Net Worth Individuals That Are Applicable to Ordinary Americans
Many strategies used by ultra-high net worth individuals are also applicable to ordinary Americans who are looking to build their wealth, writes Ben Fraser for Forbes. The Tax Game Among the top ones is the tax game and knowing how to dominate it. All of the top earners have figured out a way to, as…
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‘Top Hat’ Plans Allow CEOs to Amass Even More Wealth
Little known savings plans, often referred to as “Top Hat” plans, which are usually reserved for highly paid executives are making the wealth gap between them and workers even wider, writes Anne Tergesen for The Wall Street Journal. The top five executives at the publicly traded companies in the S&P 500 index have a combined…
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McCarthy & Company Merges Into New York Tax and Accounting Firm
A tax and accounting firm headquartered in Blue Bell, McCarthy & Company merged into Marcum LLP, based in New York, writes David Winzelberg for the Long Island Business News. While the terms of the agreement were not disclosed, McCarthy adds 70 partners and associates to Marcum. McCarthy’s offices in Blue Bell, Pennsylvania and Tinton Falls,…
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Investment Company Acquires Quakertown Shopping Center for $16.7 Million
Velocity Venture Partners acquired the Richland Plaza shopping center in Quakertown for $16.7 million last week, writes Paul Schwedelson for the Philadelphia Business Journal. The 225,000-square-foot retail center, which was sold by APS Associates, is 90 percent vacant. Its new owner now plans to convert the property into a multi-tenant industrial site. The entire project…
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Bucks County Leadership: Georgann Berger McKenna, EVP and Chief Human Resources Officer, Penn Community Bank
Georgann Berger McKenna, Chief Human Resources Officer at Penn Community Bank, recently sat down with BUCKSCO Today to discuss her role at the bank and career path from high school teacher to the C-Suite at the region’s largest mutual bank. In our conversation, McKenna talks about the lessons she learned working on a blueberry farm…
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Applying for a Mortgage: Top Dos and Don’ts
Buying a home for the first time is likely the largest purchase people will make at that point in their lives. And for those looking to upgrade their home, the financial stakes are higher. With that comes a lot of preparation, responsibility, and even stress. A recent WSFS Mortgage survey found that 37 percent of…
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Interest Rate on I Bonds Is Down, But Financial Advisors Now See Them As Better Long-Term Investment
With the interest rate on I bonds now down to 4.3 percent compared to the 9.62 percent offered last year, financial advisors see them as better long-term investments, writes Imani Moise for The Wall Street Journal. The new rate will be valid for I bonds bought for the six months starting April 28. At the…
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The Last Time Firstrust Vice President Mort Kolman Sought Employment, James Tate Was Philadelphia Mayor and Richard Nixon Was President
In the current era of career pivots and midlife-crisis profession overhauls, Mort Kolman is a standout. This banking-industry veteran has had but one employer over his 60-year career. He is Vice President of Business Development at Firstrust Bank, which underwent some rebrandings over the decades but remains at its core the same institution that hired…
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Penn Community Bank Holding Massive Region-Wide Day of Service
Eastern Pennsylvania’s largest mutual bank, Penn Community Bank, will hold its second annual Day of Service today. Locations will be closed early and over 300 team members will be volunteering at different places across the region. In addition to hundreds of volunteer hours, the bank is also contributing $150,000 to regional nonprofit partners. Volunteer sites…
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Green Family Foundation and Firstrust Bank Award $365,000 to 24 High School Seniors
The Green Family Foundation and Firstrust Bank recently awarded 24 high school seniors from Greater Philadelphia and the Lehigh Valley with $365,000 in college scholarships at the 54th annual Samuel A. Green Scholarship Program ceremony. The Samuel A. Green Scholarship Program, one of the region’s most renowned high school scholarship programs, granted two-year college scholarships…
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WSFS Bank Teams Up with Philadelphia Union to Launch Co-Branded Debit Card
As the official bank and community supporter of the Philadelphia Union and Subaru Park, WSFS Bank has teamed up with the Major League Soccer franchise to launch a co-branded debit card. WSFS is offering a one-of-a-kind design that features the Philadelphia Union logo and colors to showcase fan support for their hometown team. The card…
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New Meridian Bank Partnership Will Launch Business Credit Card Program
Meridian Bank has partnered with Corserv, a company that empowers banks and fintechs with payment programs, to implement an industry-leading credit card program to serve Meridian’s business and commercial customers. Meridian Bank is a $2 billion full service commercial bank, founded in 2004 and headquartered in Greater Philadelphia with offices in Pennsylvania, New Jersey, Delaware,…
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With World Turning to Oil Alternatives, These Natural Gas and Energy Stocks Could Be Poised to Benefit
As the world is turning more to oil alternatives, the possibility of global demand for liquefied natural gas (LNG) doubling by 2040 could result in companies involved in natural gas increasing their revenue, writes Q.ai for Forbes. There are many companies that are involved in natural gas processing, divided into three distinct categories: upstream, midstream,…
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Bucks County Leadership: Lewis Cyr, Chief Lending Officer, Penn Community Bank
Lewis Cyr, Chief Lending Officer at Penn Community Bank, spoke to BUCKSCO Today about his role at the bank and his career path from growing up the youngest of six children in a small factory town to the C-Suite at the region’s largest mutual bank. In our conversation, Cyr shared the two key lessons he…
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Access to Capital 101: Explore Your Options
For many small business owners, taking the next step with their business’s growth comes down to available cash flow. Managing cash flow and comparing it to a business’s financial projections allows owners to make important financial decisions to help sustain and grow their business, like applying for a loan. However, gaining access to the capital…
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