Banking & Finance
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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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From Conshohocken to Dover, WSFS Bank Celebrates Local Flavor
As we enter the holiday shopping season, it’s important to support local businesses this Small Business Saturday and beyond. As a trusted advisor to businesses in the community for nearly 200 years, WSFS Bank associates understand the importance of entrepreneurs, including businesses that have been around for years like the Conshy Girls Restaurant Group and new favorites Curry…
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Vanguard Introduces How America Retires, Analyzing America’s Retirement Revolution
Malvern-based Vanguard has introduced its inaugural How America Retires report, a companion to How America Saves, that analyzes Vanguard retirement plan data and industry trends, uncovering insights into the behaviors, decisions, and challenges faced by Americans in retirement. As defined contribution (DC) plans continue to dominate the retirement landscape, How America Retires explores income-generation strategies in retirement and the critical…
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The Hidden Costs of Caregiving
Family caregivers selflessly assist aging parents, spouses, and relatives with everything from daily tasks to complex medical needs. According to the AARP, nearly 63 million Americans now serve as family caregivers. Despite their large number, many people remain unaware of the daily challenges that caregivers face. So, for National Family Caregivers Month, we’re exploring the…
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Citadel Credit Union Redefines Business Banking with Expanded Team, SBA Certification, Growing Influence
Citadel Credit Union has made a major step forward in its ongoing mission to empower local businesses across Greater Philadelphia. Through strategic investments, expanded leadership, and new U.S. Small Business Administration (SBA) lending certification, Citadel continues to redefine what business banking can look like at a community-based, member-owned financial institution. Under the leadership of Thomas…
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TD Bank Announces 51 Branch Closures, Including a Bucks County Location
As part of a move toward a digital-centric retail model, TD Bank intends to close 51 branches across 12 states, including one in Bucks County, writes Jeff Blumenthal for the Philadelphia Business Journal. These closures are part of the bank’s broader plan to eliminate or relocate ten percent of its branches. All of the Pennsylvania…
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C&N Announces 2026 Calendar Contest Winners
C&N has announced the winners of its 2026 calendar photo contest. The beloved annual tradition showcases the inspiring beauty of our region and the extraordinary talent of local amateur and professional photographers. Bernadette Chiaramonte, a photographer from Wellsboro, was named the grand-prize winner. Her photograph, a breathtaking snap of Hills Creek State Park in Tioga…
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