Business
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3 Ways to Maximize the $10,000 You Can Buy in Series I Bonds
Series I Bonds soared in popularity last year due to their enticing inflation-adjusted rate that peaked at 9.62 percent, writes Beth Pinsker for Market Watch. Since individuals are limited to purchasing a maximum of $10,000 per year, those who hit that number had to wait for the new year to buy more. Now, the question…
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Invest in a CD to Maximize Your Savings as Interest Rates Rise
As the Federal Reserve continues to raise its benchmark interest rate to fight inflation, many consumers are looking for ways to boost their savings for a variety of reasons. While some are simply looking for ways to save money on everyday expenses, others are considering what they should do with their current savings nest egg.…
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Firstrust CEO and President Tim Abell Reflects on Bank’s FY2022 as Precursor to Overall Economic Outlook
Firstrust Bank CEO and President Tim Abell — before introducing speaker Lara Rhame, Chief U.S. Economist Lara Rhame at Philadelphia‘s FS Investment — reflected on the past year at a recent meeting of the Philadelphia Chamber of Commerce. “A New Building Block” “Some people like to think of the new year as a fresh start,”…
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Ask SCORE: Why Do I Need Liability Insurance?
Just as humans need oxygen to live, businesses need liability insurance to be protected from the unexpected. When it comes to health insurance, homeowners or renters insurance, and auto insurance, we rarely think twice about ensuring we have adequate coverage. The same is not always true of small business owners and liability insurance. Yet protecting…
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C&N Welcomes M. William Kadri as Vice President, Regional Personal Banking Manager
C&N announces that M. William Kadri has joined the Southeast Region team as Vice President and Regional Personal Banking Manager based in Doylestown. Kadri brings 10 years of retail banking experience to the team at C&N. He will lead the southeast-region retail team in growing the market’s deposit and loan portfolio, while focusing on providing…
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Who Wants to be a Millionaire? Lots of Pennsylvanians
Pennsylvania keeps adding millionaires and climbing up the list of states with the most million-dollar earners, write Ty West and Michael Potter for the Philadelphia Business Journal. According to new data from the Internal Revenue Service, in 2020, there were 18,720 tax returns filed in the Keystone State that had adjusted gross income exceeding $1…
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Six Ways Wealthy Individuals Earn Passive Income
Earning passive income is not just a privilege of high-net-worth individuals, writes Analytics Insight. Most of us already have some wealth that can be utilized to generate a passive income and make the money work in our favor. Cloud Mining Unlike traditional mining, cloud mining does not require the use of specialized equipment or extensive…
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Philadelphia’s Big Banks Subject of Two New Books
Philadelphia’s big banks, including Girard and Fidelity, Provident and PSFS, and PNB and First Pennsylvania, thrived for generations and founded factories, transportation, and trade in the region, writes Joseph N. DiStefano for The Philadelphia Inquirer. But all of them vanished in the merger craze of the 1980s and 1990s, with many employees losing their jobs…
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Penn Community Bank, Lehigh Valley Phantoms Announce Corporate Partnership
Penn Community Bank has teamed up with the Lehigh Valley Phantoms as part of a new corporate partnership. As part of the multiyear agreement, Penn Community Bank will hold a prominent position with the franchise, featuring the naming rights of the PPL Center concourse and owner of an executive suite. Gliding into 2023 Penn Community…
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Deadline Nears to Nominate Local Teachers for Citadel Heart of Learning Award
Sunday, Jan. 15 is the last day that Citadel Credit Union will accept nominations for its prestigious teaching excellence award, the Citadel Heart of Learning Award. If you know some teachers who go above and beyond the call of duty and truly make a difference in the lives of students, please nominate them for the Citadel…
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5 Sensible Steps to Protect Your Money in a Year That Promises More Economic Chaos
With the highest inflation in decades, a bear stock market, and fears of recession, the New Year promises to bring more economic chaos, write Imani Moise, Joe Pinsker, Ashlea Ebeling, Veronica Dagher, and Anne Tergesen for The Wall Street Journal. Luckily, there are some simple steps you can take to protect your money and prepare…
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Seedcopa’s 2023 Business Lending Outlook
The past year has seen a profound change in interest rates for loans of all kinds, including below-market rates through government-backed business loans like those we offer at Seedcopa + SeedcoDE. Before we dive into my annual Business Lending Outlook, first let’s examine what got us here: There’s a lot of commentary out there that…
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Bucks County Leadership: Mike Fitzgerald, Market President, Univest Bank
Mike Fitzgerald, market president for East Penn and New Jersey at Univest Bank, spoke to BUCKSCO Today about growing up in Philadelphia and Holland and the pervasive influence wrestling has had on his life – from being a captain in high school, returning to coach his alma mater after college for seven years and returning…
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If You Are Planning Your Retirement, You Need RMD Game Plan
People who are planning for their retirement need to develop a game plan for required minimum distributions, or RMDs, if they want to maximize the amount of savings they keep in their pockets, writes Glenn Ruffenach for The Wall Street Journal. RMDs are annual withdrawals that people in their early 70s are required to take…
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Firstrust Bank Execs, Having Conquered Mount Kilimanjaro, Return with New Outlooks, Deep Friendships, and Professional Takeaways
Despite being home two weeks after a life-changing climb of Mount Kilimanjaro, Firstrust EVP Michael Dinda still sported the sunburnt face he got during the adventure. But if anything, Dinda’s rosy glow caused the commercial banking division manager’s smile appear yet more dazzling white. His climbing partner and colleague, Seth Mackler (EVP, commercial real estate…
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Bensalem Residents Will Not See Their Property Taxes Go Up in 2023. Here are the Details
Residents of one Bucks County township just learned that they will not see a significant increase in their property taxes this coming year. Damon C. Williams wrote about the local property taxes for the Bucks County Courier Times. According to the 2023 municipal budget, there will be no property tax increase in Bensalem in 2023…
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If You’re in the Market for a New Home, You May Have More Buying Power in 2023
If you’re planning to buy a new home in 2023, the first few months of the new year may offer more buying power and present a better-than-anticipated buyers’ market due to several factors that are not only influencing homebuyers’ financial position but also easing the inventory constraints we’ve seen in recent years. Key Market Factors…
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Philadelphia’s Big Banks Subject of Two New Books That Look at Their Rise and Fall, and Survivor That Has Grown in Vacuum They Created
Philadelphia’s big banks, including Girard and Fidelity, Provident and PSFS, and PNB and First Pennsylvania, thrived for generations and financed factories, transportation, and trade in the region, writes Joseph N. DiStefano for The Philadelphia Inquirer. But all of them vanished in the merger craze of the 1980s and 1990s, with many employees losing their jobs…
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