Banking & Finance
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Black-Owned Catering Business Writes Its Next Chapter, Thanks to Financing from Apex Commercial Capital
For years, Philadelphia native Sonya Combs had put her bachelor’s degree in Biobehavioral Health from Penn State to good use as an Intervention Training Specialist at the University of Pennsylvania. According to Combs, the job was great. Until it wasn’t. “I did a lot of traveling and had been to almost every country in the…
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Firstrust Bank Helps Iconic Philadelphia Food Brand Expand Its Presence in the Suburbs
Fried chicken and donuts may not have the longstanding history of a perfect pairing like, say, peanut butter and jelly. Or milk and cookies. However, when the combination of fried chicken and donuts burst onto the local culinary scene in 2011, with the opening of Federal Donuts & Chicken, it gave Philadelphians a whole new…
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Citadel Credit Union Deepens Commitment to Commercial Banking with New Leadership, Enhanced Vision
Citadel Credit Union has taken a significant step forward in its long-term growth strategy, introducing new leadership for its Commercial Banking team and a reinforced commitment to providing cutting-edge financial solutions for businesses across the Greater Philadelphia region. To lead the Commercial Banking team, Citadel has appointed Thomas Sebok as Chief Commercial Banking Officer. Citadel’s enhanced Commercial Banking…
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First Bank Doubles Earnings in 2024
First Bank had a standout year in 2024, more than doubling its earnings to $44 million from just under $21 million in 2023 — the biggest jump among Philadelphia-area banks. The Hamilton, N.J.-based bank credited this growth to its acquisition of Malvern Bancorp in July 2023, along with strong loan growth and higher loan interest…
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Eagles at Super Bowl Is Big Win for Lincoln Financial in Radnor
The Radnor-based Lincoln Financial, the namesake for Lincoln Financial Field, is feeling pretty good about the Philadelphia Eagles making it back to the Super Bowl. No wonder. It’s benefitted more than just about any other business from the run, writes Jeff Blumenthal for Philadelphia Business Journal. The insurance company garnered a lot of attention when…
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Tax Checklist: 5 Things to Remember
No matter who you are or how much experience you have, tax season can feel daunting. There’s a lot to remember and a lot of factors to consider while filing. The American tax system, for instance, involves around 800 forms — some with convoluted rules and requirements. Luckily, there are plenty of resources, like this tax…
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Meridian Bank and Lenape Valley Foundation Partnered for Successful Evening of Community Impact
On Jan. 23, Meridian Bank partnered with Lenape Valley Foundation (LVF) for an evening dedicated to community impact and meaningful conversations. “Cocktails & Conversations for a Cause” was more than just an event but also an opportunity to support mental health initiatives and critical services that benefit thousands of individuals in Bucks County. Lenape Valley…
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Jim Egan Joins First Resource Bank’s Commercial Lending Team
First Resource Bancorp, Inc., the holding company for First Resource Bank, welcomes Jim Egan as Senior Vice President of Commercial Lending. With an impressive career spanning 40 years in the banking industry — 38 of which were spent at Bryn Mawr Trust, where he served as Chief Commercial Lending Officer and Head of Commercial Real…
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Local Business Owner Revitalizes Nicholas Sebastian Salon & Spa with Meridian Bank’s Support
When Nick Scamuffa decided to pursue a Small Business Loan to revitalize his salon in Newtown Square, he expected to be met with skepticism. The West Chester Resident and Owner of Nicholas Sebastian Salon & Spa knew all too well that banks can show hesitation due to several factors, including dependency on key staff, limited…
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A Century-Long Industry Innovator, Hatboro’s Acme Corrugated Box Finds a Kindred Spirit in Firstrust Bank
For more than a century, Acme Corrugated Box — a third-generation, family-owned manufacturer of corrugated packaging — has led its industry in product customization and technology adoption with top-of-the-line customer care and just-in-time solutions. An integral part of its customers’ supply chains, Hatboro-based Acme gets to know their exact packaging and business needs — then…
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C&N Partners with ZSuite to Deliver Smarter Solutions for Local Businesses
C&N, a trusted financial institution committed to supporting local businesses, has entered into a strategic partnership with ZSuite Tech, a leading provider of cutting-edge digital escrow and sub-accounting solutions to more than 100 banks across the U.S. This collaboration will equip businesses in the community with the tools they need to streamline their financial operations…
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C&N Prioritizes Small Business Success in Southeastern PA
C&N recognizes the importance of small businesses as the backbone of our local economies and communities. With a dedicated team of local experts, along with innovative products and modern banking services, C&N is taking big steps to build upon its strengths and reaffirm its role as a trusted partner for local businesses. Introducing Will Kadri…
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Meridian Bank Ranked a Top SBA Lender Nationwide
Meridian Bank, headquartered in Malvern, has once again been recognized as a top SBA lender nationwide by the U.S. Small Business Administration. Meridian ranked in the top 10 percent of SBA lenders nationwide for the total dollar value lent and the number of loans approved. Meridian was the top Pennsylvania-based lender in Greater Philadelphia ranked…
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Nominate Your Favorite Teacher for Citadel Heart of Learning Award Before Tomorrow’s Deadline
Tomorrow, Jan. 15, is the deadline to nominate a teacher for Citadel Credit Union’s prestigious Citadel Heart of Learning Awards program. The program honors local teachers throughout the region in Bucks, Chester, Delaware, Lancaster, Montgomery, and Philadelphia counties who go above and beyond for their students at the elementary, middle, and high school levels. Nominations are accepted…
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WSFS CARES Foundation’s Fourth-Quarter Grants to ‘Transform the Lives of Hundreds of Youth’
The WSFS CARES Foundation, the charitable giving arm of WSFS Bank, has provided grants to the following four organizations in the fourth quarter of 2024 as part of its continuing series of philanthropic activities: Additionally, WSFS Bank provided $5,000 to Literacy Delaware in a year-end grant. The bank also provided $5,000 grants to the Chester…
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Delaware County Leadership: Jeffrey Steigerwalt, Regional President, Mid Penn Bank
Jeffrey Steigerwalt, Regional President at Mid Penn Bank, spoke with VISTA Today about growing up in Havertown, where the Catholic community shaped his life, including childhood sports and his first job after college. Steigerwalt began working summers in construction at age 12 and credits his father with instilling in him a strong work ethic. He…
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New Year, New Finances: 5 Practical Tips to Boost Your Financial Health
The end of one year and beginning of another is an opportunity for a fresh start, including for your finances. After a year filled with economic headwinds, many consumers are taking action, including the 33 percent in the region who are cutting back on non-essential spending, according to a WSFS Bank Money Trends Survey. Here…
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Firstrust Bank Launches New Mortgage Program to Improve Access to Homeownership
The dream of homeownership is often out of reach for many, but Firstrust Bank’s new Home Prosper Mortgage Program is helping to make that dream a reality. The Home Prosper Mortgage Program, a Special Purpose Credit Program unique to Firstrust, is for borrowers purchasing homes in majority Black and Hispanic census tracts (MBHCT), where more…
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