Business
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Wiser Wealth: Most Americans Don’t Understand Bitcoin, with 1 in 10 Never Having Heard of it
As some financial services, such as Mastercard and ATMs, have begun embracing the usage of cryptocurrencies, that would seem to suggest it is becoming more commonplace. That seems logical since the value of a single Bitcoin has fluctuated in value around $50,000 at times. However, a survey reveals that many Americans might still have no…
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Fueled By Rapid Growth, Bristol-based William Penn Bank Plans to Convert Into Fully Public Stock Holding Company
Fueled by its rapid growth in the past two years, Bristol-based William Penn Bancorp is planning to convert from a mutual holding company into a fully public stock holding company, writes Jeff Blumenthal for the Philadelphia Business Journal. “We have done three mergers since 2018 and grown from three branches to 12 and about $300…
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Wiser Wealth: Should You Involve Your Teenagers in Big Spending Decisions? Two Points of View
Should teenagers have a say when big financial decisions are made in the family? The Wall Street Journal asked two financial experts to weigh in. Yes, include teens Lazetta Rainey Braxton, co-CEO at 2050 Wealth Partners in New York, says parents should include a teenagers’ input. If handled correctly, the teen will find the experience…
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Personalized Service and Relationships with Customers Are What Sets Huntingdon Valley Bank Apart From Others
When one thinks of banking and mortgages, one might think—this is going to be another chore. Not so with Huntingdon Valley Bank. Stepping inside their doors will actually bring you a sense of relief, of calm, and of joy. In the 150 years that Huntingdon Valley Bank has existed, they have served thousands of customers…
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Wiser Wealth: Invest Your (Super Bowl) Bonuses Wisely
It may seem like NFL players have it all-fame, fortune and physique, but when it comes to handling their money, players run into the same financial issues the rest of us face. When those Super Bowl bonuses start coming in, players need to make prudent decisions and invest that money wisely. For this year’s Super…
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Wiser Wealth: Personal Finance Lessons the World Has Learned After a Year with COVID
Besides the health concerns the pandemic has sparked, the other major source of anxiety for many this last year has been their finances. So many of us were laid off, and many industries have ground to a halt due to the need for safety precautions. It’s been a major wake-up call for a lot of…
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Penn Community Bank General Counsel Stephanie M. Schwartzberg Honored by YWCA of Bucks County
Penn Community Bank is pleased to announce that Stephanie M. Schwartzberg, Esq., Executive Vice President and General Counsel, has been recognized by the YWCA of Bucks County for her work on women’s empowerment in the region. The honor, part of the Salute to Women Who Make a Difference awards program, specifically celebrates Schwartzberg’s mentorship of…
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Paoli’s Covenant Bank Completes Merger with Wellsboro-Based Citizens & Northern Bank
Covenant Financial, which is headquartered in Doylestown and has a branch in Paoli, completed its merger with Wellsboro-based Citizens & Northern Corporation on July 1. The two parties previously announced the execution of an agreement and plan of merger on Dec. 18, 2019. Under the agreement, Covenant merged with and into C&N, and Covenant’s bank…
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Covenant Bank Donates $30,000 to Bucks County Nonprofit
Covenant Bank has donated $30,000 to Libertae under the Educational Improvement Tax Credit (EITC) Program. Located in Bensalem, Libertae is a treatment program dedicated to treating and supporting women with substance abuse disorders. It operates a full-service, on-site daycare where children can play and learn while their mothers are in treatment. The EITC funds allow…
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Huntingdon Valley Bank Looking to Relocate Its Headquarters to Bucks County
Huntingdon Valley Bank is looking to relocate its headquarters from its Montgomery County home to Doylestown, the county seat for Bucks County, writes Jeff Blumenthal for the Philadelphia Business Journal. According to Huntingdon Valley Bank Chief Lending Officer Hugh Connelly, the bank decided to relocate its nexus into a more hopping business community as it…
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Univest Awards $5,000 to Kisses for Kyle Foundation as Winner of Caring for Community Giveaway
Univest Financial recently announced Kisses for Kyle Foundation as the winner of its eighth annual Caring for Community Giveaway, a contest that awards $5,000 to a local nonprofit. Kisses for Kyle offers a variety of services to families fighting childhood cancer in the Delaware Valley. Founded in 2001, Kisses for Kyle currently assists more than…
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PA Student Debt Is Second Highest in the Nation. 2 Legislators Have Started a Coalition to Do Something About it.
Pennsylvania has the dubious honor of having the second highest amount of student debt in the nation, an average of $37,061 per student, writes Ford Turner for The Morning Call. State residents have $68 billion in student debt. Over 10 years, tuition increased 40 percent while higher education state funding dropped 5 percent. “You hear…
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Univest puts the breaks on branch expansion, shifts focus to digital enhancements
After growing its retail footprint in recent years via organic and acquisitive means, Univest Corp. of Pennsylvania said it has no immediate plans for branch expansion and instead will focus on enhancing its digital capabilities. Despite the shift, Michael Keim, president of subsidiary Univest Bank and Trust Co., acknowledged the bank would like to have more…
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Five-Time Grammy Nominee to Headline Pottstown Concert Celebrating Citadel’s 80-Year History
Whereas steel is undoubtedly Coatesville’s No. 1 export, Citadel may rank as its second. And it’s not a coincidence that the two are inextricably linked. Citadel was founded in South Coatesville in 1937 as a credit union for employees of Lukens Steel, which provided the foundation to countless American structures, including the St. Louis Arch…
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Montgomery County Leadership: Rob Werner, CEO, Ardent Credit Union
Rob Werner, CEO, Ardent Credit Union, spoke with MONTCO Today about growing up in Bryn Mawr, summers spent in Stone Harbor, his first job picking up trash on the beach, his journey into financial services, and what brought him to SB1, a small, relatively unknown Philadelphia-based credit union. In the conversation, Werner shares the process…
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Community-Oriented BB&T on a Mission to Make the World a Better Place
By Chris Cooper BB&T Bank, based in Winston-Salem, N.C., is a relative newcomer to this area, but the mission-driven financial institution has already made a positive impact on the lives of several residents of Montgomery County. Founded in 1872 and known officially as Branch Banking and Trust Company, the bank operates more than 2,100 financial…
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Malvern Federal Promotes William J. Boylan to EVP, Chief Lending Officer
Malvern Bancorp, the parent company of Paoli-based Malvern Federal Savings Bank, has promoted William J. Boylan to Executive Vice President and Chief Lending Officer. Boylan, who joined Malvern in August 2015, heads up the bank’s operations in New Jersey, and oversees all aspects of Malvern’s lending business in Pennsylvania and New Jersey. “Bill has consistently…
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Malvern Bancorp Hires New Exec to Work with Nonprofits, Independent Schools
Malvern Bancorp, the parent company of Malvern Federal Savings Bank, has recruited Patricia McLennan to join the organization in January 2017, and serve as Senior Vice President and Director of Community Development, dealing specifically with nonprofits and independent schools. McLennan will be working with the CEO and executive management team in handling and coordinating internal…
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