Banking & Finance
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Meridian Bank Leader Jason Sheehan Brings Spartan Discipline to Commercial Real Estate
At Meridian Bank, strong leadership isn’t confined to the boardroom. It’s cultivated through discipline, resilience, and a willingness to do hard things, which are all values embodied by Commercial Real Estate team member Jason Sheehan. In his role as Senior Vice President of Commercial Real Estate, Sheehan works closely with developers and businesses to structure…
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Firstrust Bank Enters New Strategic Partnership with MortgageCountry
Firstrust Bank is partnering with MortgageCountry, LLC to manage key mortgage production functions, positioning the bank’s mortgage business for long-term sustainability and growth. Through this partnership, MortgageCountry will oversee end-to-end mortgage originations and provide strategic leadership. Mortgage loans will continue to be originated and closed under the Firstrust name; Firstrust mortgage loan officers will remain bank employees.…
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From Piggy Banks to Nest Eggs: Financial Wellness at Every Stage of Life
Financial wellness is a holistic approach to managing finances that emphasizes confidence, control and informed decision-making. It’s a lifelong journey that evolves alongside one’s changing responsibilities and priorities. From learning the value of a dollar in childhood to maintaining security in retirement, each stage of life offers opportunities to foster financial health and peace of…
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Firstrust Bank, Philadelphia Eagles Elevate Havertown Carpet Co. Through Brotherly Shove Business Spotlight
Shane Barry never set out to chase the spotlight when he founded the Havertown Carpet Co. in 2015. He just set out to survive. With more than a decade of experience at a stable job in the flooring industry, and with his wife pregnant with their third child, he traded in his car for a…
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As Philadelphia Celebrates America250, Firstrust Bank Reflects on Its Historic First in Pennsylvania
As Philadelphia prepares to celebrate America250, the 250th anniversary of the signing of the Declaration of Independence, the city’s long tradition of leadership, innovation, and its identity as the City of Firsts is coming into sharper focus. To honor Philadelphia’s role as a cradle of American innovation, the Philadelphia Historic District Partners has assembled 52…
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PNC Bank to Require Employees to Return to Office Full-Time in May
PNC Bank, the third largest bank in the Greater Philadelphia region, has made the decision to require its employees to return to the office five days a week, effective May 4, 2026, writes Patty Tascarella for the Philadelphia Business Journal. “PNC has always been an in-office company,” PNC CEO Bill Demchak said in the memo. “It’s not…
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National Accounting Firm Acquires Glen Mills-Based Torrillo & Associates
Glen Mills-based Torrillo & Associates has been acquired by Nashville’s LBMC, one of the largest accounting firms in the nation, for an undisclosed amount, write Ella Castronuovo and Jeff Blumenthal for the Philadelphia Business Journal. With this transaction, LBMC’s team will gain two managing directors and about 20 employees. David Torrillo, managing member of Torrillo…
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First Resource Bank Makes Record-Breaking $450,000 in EITC Contributions to Support Local Education, Community Growth
First Resource Bank marks a record-breaking year of community investment, contributing $450,000 through the Pennsylvania Educational Improvement Tax Credit (EITC) program to support 60 local schools and educational organizations. This landmark achievement underscores the Bank’s deep commitment to expanding educational opportunities that drive the growth, vitality, and long-term success in the communities it serves. This…
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Coatesville’s Last Remaining Bank Acquired for $55 Million
Founded more than a century ago, Presence Bank, Coatesville’s last remaining bank, has been acquired by Norwood Financial Corp. in a $54.9 million deal, writes Jeff Blumenthal for the Philadelphia Business Journal. A subsidiary of PB Bankshares, Presence Bank is now part of Norwood’s Wayne Bank, with 15 branches in northeastern Pennsylvania and 12 in New York. The deal,…
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PBJ Recognizes Meridian Bank’s Christopher Annas as a 2025 Most Admired CEO
Christopher Annas was recently featured by the Philadelphia Business Journal as one of its 2025 Most Admired CEOs, and the recognition reflects a leadership story rooted in long-term vision, disciplined growth, and community commitment. As Chairman and CEO of Meridian Bank, Annas has spent more than 20 years building the institution from a startup into…
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‘Ted Lasso’ Helped Bring About Lincoln Financial’s Return to Profitability
After Lincoln Financial in Radnor posted a third-quarter loss of $2.6 billion in 2022, CEO Ellen Cooper needed a plan to grow its core business and explore new opportunities. She was able to strike several new deals that returned Lincoln Financial to profitability after losses in 2022 and 2023, writes Jeff Blumenthal for Philadelphia Business…
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Oaks’ SEI Investments Announces Leadership Change as Founder Steps Back
A major leadership transition is on the horizon for Oaks-based SEI Investments, the company announced in a press release. SEI announced that founder and Executive Chairman Alfred P. West Jr. will step down as a director and board chair as part of a planned transition effective January 1, 2026 West founded SEI in 1968 and…
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Philadelphia’s Largest and Oldest Investment Bank to Shift Focus to Wealth Management, Stock Broking
Janney Montgomery Scott LLC, the largest and oldest investment bank in Philadelphia, will soon exit this realm in favor of focusing exclusively on its wealth advisory business, writes Joseph DiStefano for The Philadelphia Inquirer. The decision to maneuver against its nearly 200-year history as an investment bank and place its emphasis on stock broking comes…
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Lead with Your Head and Heart When Giving This Holiday Season
Now is the time of year when many people choose to give back to support the causes closest to them. Unfortunately, it’s also the time of year when scammers look to exploit your generosity, taking funds away from those in need to line up their own pockets. Avoiding Scammers This time of year, you’ll likely…
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Malven-Based Meridian Bank Opens Full-Service Branch in Bonita Springs
Meridian Bank has opened a new full-service branch in Bonita Springs, Fla. This expansion builds on the success of Meridian’s Loan Production Office, which opened in Bonita Springs in 2022 to serve the growing commercial lending needs of the region. The new full-service branch, located at 12611 Bonita Beach Road, marks another milestone in Meridian…
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Citadel Credit Union Contributes More Than $550,000 to Community Organizations in 2025
In one of its largest community investment years yet, Citadel Credit Union directed more than $550,000 and extensive volunteer support in 2025 to organizations working to strengthen prosperity and well-being across Greater Philadelphia. Citadel partnered with more than 30 organizations and participated in 121 community events, with employees contributing 2,000-plus volunteer hours. More than 300…
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TruMark Financial Credit Union Delivers Holiday Cheer to St. Christopher’s Hospital for Children
TruMark Financial Credit Union recently joined staff and physicians at St. Christopher’s Hospital for Children to deliver hundreds of toys collected during its annual holiday toy drive and donation delivery. Throughout November, the credit union’s members and team members collected donations to bring joy to young patients facing illness or hospital stays during the holiday…
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How to Protect Yourself from AI Scams
In recent years, artificial intelligence has sparked both excitement and concern. AI has advanced quickly, changing how we work, learn, and stay entertained. Unfortunately, cybercriminals also use AI to trick and steal from people. Let’s look at how AI is used in financial scams and how you can spot warning signs to protect your data,…
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