Banking & Finance
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Citadel Credit Union Enjoys Significant Growth After Assets Increased 20 Percent Last Year
In 2022, Citadel Credit Union’s assets increased a record-breaking 20.1 percent from $4.6 billion to $5.6 billion. During the year, Citadel continued to have strong deposit growth at 15.7 percent over 2021. Not only was 2022 a significant growth year for Citadel, it was also named a Best-in-State Credit Union by Forbes. As recently as…
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C&N Promotes Tom Howley to Vice President and Commercial Lending Relationship Manager II
C&N announces that Thomas Howley has been promoted to Vice President and Commercial Lending Relationship Manager II, based in Doylestown. Tom Howley has been with C&N since 2020, joining through the Covenant Bank acquisition. In his role as Commercial Lending Relationship Manager, Howley demonstrated a commitment to: He was instrumental in guiding his clients and…
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Firstrust Bank’s Time-Tested Experience Warded Off High-Profile Industry Woe
The Silicon Valley Bank failure has caused a banking industry uptick in diligence, as reported by Joseph N. DiStefano in The Philadelphia Inquirer. At Firstrust Bank, Conshohocken, the increased oversight comes atop its vast experience. Early in the industry unsteadiness, Firstrust accented high-quality consumer and home mortgage loans, related Tim Abell, president. That action precipitated…
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First Resource Bank Works to Paint a Brighter Future for the Community
Last week, employees of First Resource Bank teamed up to help the Westside Community Center paint its newly acquired building. The revitalization of the former car wash, located on West Washington Street in the Borough of West Chester, will allow Westside Community Center to expand its robust after-school programs, providing youth in the community a…
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C&N Wealth Management Joins Institution Services Platform of LPL Financial
C&N Wealth Management has joined LPL Financial’s Institution Services platform. C&N’s leaders reported having served approximately $475 million in brokerage, advisory, and retirement plan assets. They were previously affiliated with Cetera Financial Group. C&N opened its first location in Wellsboro, Pa., during the height of the American Civil War. Since 1864, the company has expanded…
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Wells Fargo’s departure leaves Chester With 1 Bank for 33,000
Chester now only has one bank, TD Bank, with a retail location to serve 33,000 residents, writes Jeff Blumenthal for Philadelphia Business Journal. Wells Fargo Bank is closing its branch on June 21 at 501 Avenue of the States in Chester. It attributed the closure to changing customer needs, an increase in digital banking, market…
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Delaware County Leadership: Jared Utz, Regional President, Mid Penn Bank
Jared Utz, Regional President, Southeastern Region of Mid Penn Bank, spoke to DELCO Today about growing up in Philadelphia, near Fairmount Park. He was also drawn to sports, competing in cross country and tennis as well as teaching tennis as a high schooler. Utz also worked for his father’s consumer finance company from a very…
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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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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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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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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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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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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 the annual…
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Local Branch Manager Leads First Bank’s New Location in West Chester
First Bank has announced that their newly relocated West Chester branch will be managed by current branch manager and Chester County resident Jessica DiRocco. DiRocco, who was born and raised in Chester County, has been a core team member of First Bank’s West Chester location since the community bank entered the market in 2018. On March…
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Citadel Credit Union Hires Sheri Perkins to Lead Its Retirement & Wealth Management Division
Sheri Perkins has joined Citadel Credit Union’s executive leadership team as the Senior Vice President and Head of Citadel’s Retirement & Wealth Management division and as the Program Manager for CUSO Financial Services, L.P. (CFS). This is a senior leadership role for the company in which Perkins will provide guidance and oversight for the award-winning…
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Firstrust Bank Chairman Richard Green Leveraged Eagles’ Super Bowl Loss into Brand Wins
Super Bowl LVII, a fan disappointment, had a better outcome for the Firstrust Bank brand and chairman Richard Green. Jeff Blumenthal explained in the Philadelphia Business Journal. Green, whose Conshohocken institution is the team’s official bank, noted an organizational uplift after the NFC Championship win. “All of our staff and our customers are much more…
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