Banking & Finance
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First Resource Bank’s Chief Technology Officer to Provide Expert Insight on Cybersecurity at Nov. 9 Seminar
Organizations of all sizes, and in every industry, can be the victim of a cyberattack. Discover how you can proactively defend against cyberattacks, rather than simply cleaning up in their wake, at a cybersecurity seminar hosted by the Western Chester County Chamber of Commerce on Tuesday, Nov. 9 from 7:30-9 AM at the Brandywine Hospital’s…
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Malvern Bank Understands Unique Needs of Independent Schools; SVP Discusses Her Role as WCU Trustee
Malvern Bank, National Association understands that independent schools have unique banking needs. Its employees have the knowledge and experience to assist with the distinctive needs of independent schools, from their seasonal cash flows to their tax-exempt financing strategies. Betty Silfa, Senior Vice President at Malvern Bank, was appointed by Gov. Tom Wolf to the West…
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Bryn Mawr Trust to Host Next Installment of Career Conversations on Nov. 18
Bryn Mawr Trust, in partnership with The POWER of Professional Women, will host the next installment of Career Conversations, a series of lunch-hour webcasts that spotlight women in senior leadership positions who are sharing their insights and leadership journeys, on Thursday, Nov. 18. Stephanie R. Raymond, the President of PPL Electric Utilities Corporations, will be…
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Citadel Credit Union Expands Citadel Heart of Learning Award Program
Citadel Credit Union has expanded its 21-year Citadel Heart of Learning Award program that honors local teachers who are nominated and go above and beyond. The program traditionally honored teachers exclusively within Chester County, where Citadel founded the program in partnership with the Chester County Intermediate Unit in 2001. Going forward, Citadel will award teachers in counties…
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Annual Philadelphia Salary of $100,000 Goes Further Here Than in Most of 50 Largest U.S. Cities
The quality of life achievable on a $100,000 annual salary varies significantly depending on the state and city of residence. But locally, a Philadelphia salary at that level goes far, writes Ashley Garrett for the Philadelphia Business Journal. Garrett cites research from GoBankingRates.com to determine the local reach of a six-figure yearly earning. , Philadelphia…
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Household Finances: Which Philadelphia Suburban Tenants Carry the Most Rent Debt?
Rent debt currently being borne by most Philadelphia suburban tenants is higher than national average, writes Taylor Allen for Yahoo News. Nearly 40,000 households in Philadelphia County are behind on rent and they owe an average of $2,300. Montgomery County has the highest average estimated household rent debt among the four counties, at $3,000. The…
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Working for the Greater Good: Why Consider a Nonprofit Job?
Since our founding in 1887, Malvern Bank has been a growing, profit-making financial institution. We have provided valuable banking and investing services to individuals and businesses along Philadelphia’s Main Line and, more recently, to clients in Delaware, northern New Jersey, and Palm Beach County, Fla. So, why do we talk so much about nonprofits? Malvern…
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Equestrian-Friendly Malvern Bank Sponsors Exhibitors Lounge at 2021 Pennsylvania National Horse Show
Malvern Bank, National Association has joined forces with the law firm Greenberg Traurig to sponsor the exhibitors lounge at the 2021 Pennsylvania National Horse Show. Held Oct. 14-23 at the Pennsylvania Farm Show Complex in Harrisburg, the Pennsylvania National Horse Show hosts the country’s top competitors in one of the largest indoor horse shows. Proceeds…
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Malvern Federal Charitable Foundation Grants $68,500 to 13 Nonprofits
The Malvern Federal Charitable Foundation, the charitable arm of Malvern Bank, has made grants totaling $68,500 to 13 nonprofits. The grants were made possible in part through the proceeds of the foundation’s inaugural Charity Polo Match held last month at the Brandywine Polo Club in Toughkenamon. Proceeds benefited the following nonprofits in Malvern Bank’s service…
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Meridian Bank Again Earns ‘Sm-All Star’ Status as Top-Performing Bank
For the second year in a row, Meridian Bank has earned a spot on Piper Sandler’s “Sm-All Stars,” a list of top-performing U.S. small-cap banks. Piper Sandler, a middle-market investment bank and institutional securities firm, publishes this list annually in order to “uncover the next crop of stellar mid-cap banks before they are discovered by…
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C&N Energizes Its Customer Base with Celebrate Summer Sweepstakes, Gives Away $15,000
C&N has awarded three lucky customers $5,000 each in its Celebrate Summer Sweepstakes, held June through August. After a year of pandemic hardships, C&N energized its customer base this summer with an exciting sweepstakes promotion, whereby a lucky winner was chosen each month to receive $5,000. Participants were automatically entered when they opened a new…
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Customers Bank CEO and President Sam Sidhu Shares Executive Insights
Sam Sidhu, the new CEO and President of Customers Bank, spoke with Sandy Smith, Market President and Publisher of the Philadelphia Business Journal, about his plans for the bank’s expansion and other news during a feature video that is part of the Philadelphia Business Journal’s Executive Insights series. The one-on-one interview introduced Sam Sidhu to…
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Bank Branch Closings Are Happening But Not as Much as People Think
Despite talk that banks were accelerating the closure of brick-and-mortar branches in favor of digital banking during the pandemic, in fact in the eight-county area of southeastern Pennsylvania and South Jersey, the number of branches only fell by 3% for the year ending June 30, writes Jeff Blumenthal for Philadelphia Business Journal. That doesn’t mean…
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Malvern Bank: Do Nonprofits Need Insurance?
As our society has become increasingly litigious, countless circumstances might bring an insurance claim to the door of a nonprofit organization. Malvern Bank has advice to protect nonprofits. So, what types of insurance policies do nonprofit organizations need? Here’s a good overview: 1. General Liability All nonprofit organizations should purchase general liability insurance. It covers…
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Homebuying 101: Bryn Mawr Trust Provides Buyers the Resources to Be Successful in the Fall Market
It’s a seller’s market, so being prepared is critical. Luckily, there’s Homebuying 101 to help. Bryn Mawr Trust will host a webcast, entitled “Homebuying 101: Be Prepared for the Fall Homebuying Market,” on Monday, Sept. 20 to provide you with the tools, resources, and contacts to be successful in buying a home. Attendees will learn…
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Meridian Bank Named Top Lender
Meridian Bank was one of the nation’s most successful loan producers in 2020 in the area of mortgage and consumer lending, writes Ed Avis for the Independent Community Bankers of America. The ICBA, a trade group that creates and promotes an environment where community banks flourish, annually ranks the most successful loan producers in the…
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Santander Set to Close Springfield Branch Along With 12 Others in Pennsylvania
Santander Bank has filed to close 13 Pennsylvania branches, including two in Philadelphia’s western suburbs, writes Jeff Blumenthal for Philadelphia Business Journal. Slated to close locally is the branch at 130 S. State Road in Springfield. Other branches are closing in Bethlehem, Allentown, Douglassville, Elizabethtown, Manchester, Northampton, Orwigsburg, Harrisburg, Red Lion and Tamaqua. It was…
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Malvern Bank’s Mortgage Minute: How to Align Selling Your Home and Buying a New One
Many people who are contemplating selling their house should also think about aligning their sale with the purchase of their own new home. Not working toward this solution can be costly. Renting or paying a double mortgage for the five-month period before you move into your new home can cost thousands of dollars and a…
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