Banking & Finance
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DNB First to Host Free Seminars for First-Time Home-Buyers
Owning a home is the American dream. But for many consumers, navigating the home-buying and financing process can be a challenge. DNB First, the Delaware Valley’s oldest nationally chartered community bank, is ready to help, with a series of free home-buying seminars. DNB First will host two upcoming sessions focused on helping first-time home buyers…
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Malvern Federal Savings Bank’s Insurance Subsidiary Offers an Asset to Your Portfolio
In order to continue to meet the evolving needs of its clients, the Paoli-based Malvern Federal Savings Bank has reintroduced its insurance subsidiary, Malvern Insurance Associates. Malvern Insurance Associates, with its customer-focused and highly personalized service, is offering clients a necessary product, considering how insurance serves as an asset in one’s financial portfolio. Malvern Federal…
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Industry Veteran Joins Beneficial Bank’s New Media Office as Senior Vice President
Beneficial Bank has named Albert Melfi as Senior Vice President, Commercial Lending Team Leader. Based in Media, he will lead new business development and relationship management in Beneficial’s Delaware County loan office that just opened this month. Melfi has more than 40 years of experience in banking and commercial lending. Prior to joining Beneficial Bank,…
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A Cut Above Its Competition, Brinker Simpson’s Services Always in High Demand
To most Americans, our tax code seems as if it’s written in hieroglyphics. Therefore, there is plenty of work to be had for accountants, especially at this time of year as our calendars creep closer to April 18. One could only imagine the cornucopia of such services that are in demand right now, all of…
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Is A Credit Union Right For You?
By Cynthia Minuti, Chief Experience Office, Ardent Credit Union Since leaving the banking industry and moving to Ardent Credit Union, I’m frequently asked, “What’s the difference between a bank and a credit union?” The short answer is, everything! For starters, credit unions (CUs) are not-for-profit organizations that exist to serve their members. Like banks, credit…
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BHCU Unveils New Savings Account
BHCU has introduced its new iSAVE account, a savings account with one of the highest interest rates in the country. Designed to support members’ long-term savings goals in pursuit of their personal financial independence, BHCU’s iSAVE account is exclusive to BHCU members. “Pay yourself first” is the driving force behind this product, which will help…
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Malvern Federal’s New Logo, Tagline Respects Past, Points to the Future
The Paoli-based Malvern Federal Savings Bank has announced plans to introduce an updated brand identity, including a new company logo and tagline, as part of a general expansion in 2017. As part of this initiative, Malvern Federal will re-introduce its brand in advertising, marketing materials, and branch signage, as well as on its website and…
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Malvern Federal Savings Bank Appoints New Chief Operations Officer
Malvern Federal Savings Bank has appointed Alexander Opiela III to the position of Chief Operations Officer. He replaces Karen Walter. “Alex is highly regarded as a motivated professional, and we believe he is an outstanding addition to the team, bringing over 12 years of diverse banking experience,” said Anthony C. Weagley, President and CEO of…
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City-Based Police and Fire Federal Credit Union to Open Branch in Springfield
Building on its impressive growth last year, the Philadelphia-based Police and Fire Federal Credit Union is expanding its reach with a new branch in Springfield. This expansion is part of PFFCU’s mission to provide the best Branch and Call Center Service in the Greater Philadelphia and South Jersey regions. The PFFCU aims to be the…
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Malvern Bancorp Posts Strong First-Quarter Earnings Driven by Loan Growth
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported operating results for the first fiscal quarter ended Dec. 31, 2016. Net income amounted to $1.2 million, or $0.18 per fully diluted common share, for the quarter ended Dec. 31, 2016, a decrease of $174,000, or 13.0 percent, as compared with net…
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Malvern Bancorp Reintroduces Insurance Subsidiary, Malvern Insurance Associates
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, is reintroducing its insurance subsidiary, Malvern Insurance Associates, LLC. The company will offer commercial insurance; life, health, and long-term care insurance; and fixed annuities in its traditional Philadelphia Main Line geography and from its new offices in Morristown, N.J., and Quakertown. The Quakertown office,…
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Aston-Based Sun East Puts Feet on the Street to Help Local Businesses
To assist local employers in delivering financial education initiatives to their employees, the Aston-based Sun East Federal Credit Union has added two financial literacy superstars to its Business Development Team. Curt Reger and Jim Maloney have a combined 22 years of experience, and can deliver onsite workplace education programs aimed at helping employees develop budgets…
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Malvern Bancorp Hires New Exec to Work with Nonprofits, Independent Schools
Malvern Bancorp, the parent company of Malvern Federal Savings Bank, has recruited Patricia McLennan to join the organization in January 2017, and serve as Senior Vice President and Director of Community Development, dealing specifically with nonprofits and independent schools. McLennan will be working with the CEO and executive management team in handling and coordinating internal…
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Milestone Celebrated in Construction of Franklin Mint Credit Union’s New Headquarters
The Henderson Group, one of the leading commercial real estate development companies in the Greater Philadelphia region, celebrated a major milestone in the construction of the company’s Brandywine 6 office building in Chadds Ford with the ceremonial “topping off” of the steel structure. Henderson employees, elected officials, and key project partners gathered to sign the…
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Lincoln Financial’s Jamie Ohl One of Industry Publication’s ‘Women Worth Watching’
Profiles in Diversity Journal has included Jamie Ohl, Lincoln Financial Group’s president of Retirement Plan Services, in its 2016 “Women Worth Watching” list for her role in leading innovation and positive outcomes in the retirement industry. Ohl, who joined the Radnor-based company last year, has been a driver of positive change in the retirement industry.…
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How Many Millionaires Live in Delaware County and How Much Taxes Do They Pay? Find Out Here
Delaware County ranks fifth among all Pennsylvania counties in the number of residents who filed as millionaires in 2014, the year with the most recent data available, writes Kenneth Hilario for the Philadelphia Business Journal. Montgomery, Allegheny, Chester, and Bucks counties comprise the top four in that order. According to the data, Delaware County is…
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Malvern Bancorp Reports 565 Percent Increase in Net Income from This Time Last Year
Malvern Bancorp continues to prosper, as the parent company of Malvern Federal Savings Bank has reported strong operating results for the fourth fiscal quarter ended September 30, 2016. Net income amounted to $7.7 million, or $1.21 per fully diluted common share, for the quarter ended September 30, 2016. That represents an increase of $6.6 million,…
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Customer Satisfaction on Mind of Malvern Federal Savings Bank’s CEO as Listening Tour Kicks Off
Malvern Federal Savings Bank CEO Anthony C. Weagley and SVP Sally Lawson will embark on a Listening Tour beginning Wednesday at the Berwyn Financial Center. The Listening Tour will introduce the bank’s wealth management platform, and provide the bank’s leaders an opportunity to hear from clients to ensure they are receiving the best customer service.…
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