Business
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Alternative Investments and Their Advantages, Disadvantages
Whether your investment strategies focus on short-term or long-term goals, it is always a good idea to diversify and invest some money into alternative assets, writes John Csiszar for AOL Finance. Alternative investments are nontraditional investments that go beyond the stocks, bonds, or mutual funds that are more typical for the world of investing. Putting…
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WSFS Bank Study Finds Americans Confident Managing Their Money, but Many Factors Impact Financial Security
A new survey from WSFS Bank found Americans are confident managing their money, including 91 percent of respondents in the Greater Philadelphia and Delaware region (89 percent nationally), but 34 percent in the region were not confident they could weather an economic downturn or recession (41 percent nationally). The study, which surveyed 1,001 residents of…
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C&N Augments Human Resources Team With Promotions and New Hire
C&N Bank has promoted two internal professionals and added a third to augment its human resources team. Cody Bowen and Dusty Zeyn have been promoted, and Jonathan Grissinger is the new hire. The structural adjustments go to highlight the team’s increased ability to acquire and retain talented teammates who excel in their fields. They also…
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WSFS CARES Foundation’s First-Quarter Grants Benefit Community Organizations in Delaware, Pennsylvania
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to three community organizations located in Delaware and Pennsylvania as part of its continuing series of philanthropic activities. The grants will support the following organizations: “Revitalization and Business Economic Empowerment, Education, and Leadership Development are among the core pillars of the…
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How to Find the Right Financial Advisor to Fit Your Needs
Picking a financial advisor who will be right for you is not easy, but being well informed and knowing exactly what you need will make the process much easier, writes Bernice Napach for The Wall Street Journal. “The first question for consumers is: Why are you hiring an advisor?” said Micah Hauptman, director of investor…
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WSFS Bank and Bryn Mawr Trust’s Women in Wealth Making ‘Measurable Impact’ in Male-Dominated Industry
Wealth management has traditionally seen males take leading roles, a fact that makes WSFS Bank and its Bryn Mawr Trust division somewhat of a unicorn in the realm of financial services. In a male-dominated industry, where businesses still have a long way to go to make gender equity a reality, WSFS boasts a strong lineup…
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IRS Has Made Changes to Its Tax Brackets, Here Is What That Means for You
Thanks to inflation adjustments made by the Internal Revenue Service, many Americans will see their tax brackets shift and their tax burden go down next year, writes Ashlea Ebeling for The Wall Street Journal. Still, some will benefit more than others. The IRS adjusts dozens of tax provisions based on inflation each year. These include…
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C&N Promotes Kelley Cwiklinski to Executive Vice President & Chief Commercial Lending Officer
C&N announces that Kelley Cwiklinski has been promoted to Executive Vice President & Chief Commercial Lending Officer, based in Doylestown. As the Chief Commercial Lending Officer, Cwiklinski will develop, drive and monitor the Commercial Lending function’s annual and long-term business plans and budgets. She will also maintain an effective commercial business development program to ensure…
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With Tax Day Closing In, Now Is Best Time to Remind Yourself of Changes That Affect Your 2022 Returns
With Tax Day closing in, taxpayers should be aware of several changes that affect returns for the 2022 tax year which could lead to smaller refunds for a number of filers, writes Tom Herman for The Wall Street Journal. Other changes could result in people who were expecting a refund ending up owing money for…
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Two High-Profile Bank Failures in One Weekend; C&N Bank President & CEO Responds
The bank failures of Silicon Valley Bank (SVB), Santa Clara, Calif., and Signature Bank, New York City, was a one-two punch to the U.S. financial services industry. C&N Bank President and CEO Brad Scoville issued the following statement on the occurrences. His words, issued from the bank’s Wellsboro headquarters and edited only for style, follow:…
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Penn Community Bank President & CEO to Lead National Federal Reserve Board Council
Jeane M. Vidoni, president and CEO of Penn Community Bank, has been appointed by the Federal Reserve Board of Governors to serve as president of the national Community Depository Institutions Advisory Council (CDIAC). The national CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are…
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Why the Right Banking Partner Is Key When Growing Your Business
S. Walter Packaging is a true legacy brand — a custom packaging solutions company founded in Philadelphia in 1904 by Simon Walter with a focus on kraft paper bags and wrappings. Over the years, the company has weathered significant events from the Great Depression to COVID, but more than 119 years later, the company’s resilience…
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Dividend-paying Stocks Are Helping Retirees Live Life of Luxury
Some retirees are enjoying a life of luxury thanks to investing in dividend-paying stocks, mutual funds, or ETFs, writes Jen Glantz for the Business Insider. Over time, the cash generated from distributions of stocks or cash to shareholders can supplement your income when you retire. Depending on how much money you invested in those stocks…
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These Tips Can Help Buyers Up Their Chances This Spring as the Housing Market Thaws
While the pandemic-fueled home-buying frenzy might be over, home buyers are still faced with a rough process this spring due to affordability and low inventory, writes Veronica Dagher for The Wall Street Journal. According to the National Association of Realtors, the median single-family existing-home price increased by 4 percent last year to $378,700. Mortgage rates…
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These Three Financial Moves Could Help High Earners Who Are Not Rich Yet
If you earn low to mid six figures but do not yet have enough money saved or invested to be considered rich, you are most likely in the group of earners known as HENRYs, short for High Earner, Not Rich Yet, writes Jasmin Suknanan for CNBC Select. Priya Malani, the co-founder and CEO of Stash…
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Philadelphia Business Journal’s 2023 Power List Finds Firstrust’s Tim Abell Quite Able
When considering area business leaders for its annual Power 101 list, Philadelphia Business Journal Editor in Chief Ryan Sharrow looks for honorees with strength, control, impact, and a special ability to influence change. Tim Abell, one of the notables on the 2023 roster, certainly exhibits those qualities as CEO of Firstrust Bank. Sharrow explains that…
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First Commonwealth Completes Acquisition of Centric Financial Corporation
First Commonwealth Financial Corporation has completed its previously-announced acquisition of Centric Financial Corporation the parent company of Harrisburg, Pennsylvania-based Centric Bank, effective Feb. 1, 2023. “We are pleased to announce the completion of the merger with Centric and are excited to build upon the terrific relationships that Centric has developed over the years,” said President…
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Penn Community Bank Deploys Loan Origination System to Enhance Customer Experience
Penn Community Bank announced it has implemented the Lenders Cooperative Loan Origination System (LOS), which is focused on small business and commercial product lending. The LOS platform provides a fully online digital experience for the bank’s customers, allowing them to apply for their capital needs anytime, from anywhere. In addition to the enhanced front-end customer…
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