Banking & Finance
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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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WSFS Expands Regional Presence, Pushes into Philadelphia Market
The Wilmington-based WSFS Financial Corp. has entered Philadelphia with the acquisition of West Capital Management and a strategy to grow its fee-based business, writes Jeff Blumenthal for the Philadelphia Business Journal. West Capital has a team of 17 employees and adds roughly $700 million in assets under management, giving WSFS roughly $1.2 billion. This is…
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Malvern Federal Savings at Forefront of Women in Banking Revolution
Banking and finance is one of several industries across the economic landscape whose cultures are rooted in traditions of the past. Which is why women who work in this field primarily gravitate toward the retail side, as opposed to the lending side. The Harrisburg-based Pennsylvania Bankers Association said that only 37 percent of all commercial…
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In Industry of Frequent Mergers, Radnor’s Pennsylvania Trust Celebrates 30th Anniversary
Pennsylvania Trust, an independent, employee-owned wealth management firm in Radnor with more than $3 billion in assets under management and administration, is marking its 30th anniversary this year. Amidst great change in the industry in the past three decades, Pennsylvania Trust has maintained unparalleled depth and expertise, with a relentless commitment to the needs of…
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Franklin Mint Federal Credit Union Teaches Delco Teens About Personal Finance
Some of the best learning in the world takes place on the job, and that’s why Franklin Mint Federal Credit Union has nine financial literacy centers in high schools throughout Delaware County. “It’s really a helpful introduction to personal finance,” Strath Haven High School student Valerie Cheney said in a Philadelphia Inquirer report by Erin…
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Chadds Ford’s Vizant Partners with Raleigh’s Builders Mutual Insurance
Chadds Ford-based Vizant – a business intelligence and thought leadership firm, with a specialty focus in the areas of inbound and outbound payments, treasury management, and financial operations – has announced its new partnership with Builders Mutual Insurance Company. Builders Mutual Insurance Company, headquartered in Raleigh, N.C., is a leading writer of commercial insurance for…
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Amenities Make Radnor’s eMoney Advisor One of ‘Best Places to Work’ in Philadelphia
Headquartered in Radnor, eMoney Advisor has been named one of the “Best Places to Work” in Philadelphia in the large company category by the Philadelphia Business Journal. Founded in 2000, eMoney creates innovative financial technology for financial advisors and their clients, including an industry-leading client portal and powerful data and analytics tools. The company’s 77,000-square-foot…
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Delaware County Careers – Franklin Mint Federal Credit Union
The Franklin Mint Federal Credit Union, which is moving its headquarters from Broomall to Chadds Ford, currently has more than $980 million in assets and has been providing financial products and services to residents and organizations throughout the Delaware Valley and beyond since 1970. The Credit Union has over 80,000 members, 2,000 partnering organizations, 40…
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Malvern Bancorp Posts Strong Third-Quarter Results
Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported strong results for the third quarter of 2016 with net income of $1.6 million or $0.25 per share for the period, an increase of 31.9 percent over the same quarter last year. In fact, for the nine months ended June 30, 2016, net income…
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Franklin Mint Federal Credit Union to Relocate Headquarters from Broomall to Chadds Ford
The Franklin Mint Federal Credit Union is moving its headquarters from its longstanding home in Broomall to Chadds Ford, writes Natalie Kostelni for the Philadelphia Business Journal. Franklin has signed a 15-year lease for 52,000 out of the 71,000 square feet in Brandywine Six, the $19 million, three-story building the Henderson Group is planning to…
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Malvern Federal Savings Bank Christens New Villanova Office
A toast to the exciting new private banking service in Villanova recently filled the halls of Ardrossan Farms in Devon, where officers, employees and clients of Malvern Federal Savings Bank christened the endeavor with cocktails and hors d’oeuvres. Officially named the Villanova Private Banking Office, Malvern Federal’s new outreach at the corner of Routes 30…
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Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
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Radnor’s Safeguard Scientifics Joins Three Banks in $30 Million Investment
Radnor’s Safeguard Scientifics, a venture capital firm, joined PNC, TD, and Wells Fargo banks in a $30 million, Series E investment in New York City’s Transactis, writes Dan Norton of the Philadelphia Business Journal. Transactis, a provider of electronic billing and payment services, offers a cloud-based bill payment platform that is features-heavy. Users can access…
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Media Ranks in 95th Percentile, Broomall 93rd in Money Management
It’s safe to say that if you live in Media or Broomall, you won’t be having any debt collectors knocking at your door in the near future. According to a recent study conducted by WalletHub – an online, industry-leading finance resource – Media ranks in the 95th percentile nationally in terms of its consumers’ ability…
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Copy of Learn from WSFS Bank How to Protect Your Small Business from Asset Loss and Fraud at June 27 NoonZOOM
Recent events in banking have brought new attention to the financial services industry and have business leaders wondering if they are taking the right steps to ensure their money is safe. Join a pair of experts from WSFS Bank to learn the several ways to safeguard against threats like fraud or market volatility. On Tuesday,…
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