Banking & Finance
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Malvern Bank Donates Monthly ATM Fees to Local Nonprofits
Malvern Bank, National Association has begun donating revenue from monthly ATM fees to local nonprofits on a quarterly basis. Based upon last year’s fourth-quarter ATM revenues, the bank made its first donations totaling $1,220 to the following nonprofits: The Timothy School in Berwyn received $579 from the Berwyn branch office’s ATM receipts. Royer-Greaves School for…
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Malvern Bank’s Annual Food Drive Collects 284 Pounds of Food for West Chester Food Cupboard
Malvern Bank, National Association recently donated 284 pounds of food to the West Chester Food Cupboard. The donation was the result of the bank’s winter Food Drive, during which customers and employees donated non-perishable food items at the bank’s branch offices from Nov. 15 to Dec. 20. Also, Malvern Bank presented a check for $518…
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See How Delaware County Ranked among Top 10 Best Places for Women to Save Money in Pennsylvania
Delaware County is the fourth-best place in Pennsylvania for women to save money, according to a recently published study by SmartAsset. To determine the rankings for its Best Places for Women to Save list, the financial technology company analyzed the county-level data on income for women working full-time over 12 months. Using federal and state…
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This Villanova Professor’s Status as a Woman on a Board of Directors Was a 1990s Fluke. Now It’s California Law
Joan Lamm-Tennant, a Villanova University tenured professor with a Ph.D. in finance, had never served on a board or worked as a CEO, writes Alisha Haridasani Gupta for The New York Times. With that background, no search firm would have ever called her to serve on a board of directors. Even so, Bill Entringer, then…
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Havertown Woman Part of Equal Pay Class Action Lawsuit Involving 3,000 Women
Allison Gamba was a success in the investment business at Goldman Sachs, writes Alexia Fernandez Campbell for vox.com. She went to business school. She sat on the New York Stock Exchange. She turned mediocre stocks into top-performing investments. She put in nine years at the company and was doing the job of managing director, overseeing…
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Smaller Asset Managers Get Crazy and Creative to Stay Competitive With the Big Boys
Smaller asset managers like Alpha Architect in Broomall are getting creative as they find ways to compete with the bigger, main stream companies like BlackRock, Vanguard and State Street Corp., writes Claire Ballentine for finance.yahoo.com. Alpha Architect manages about $420 million in assets, and is no stranger to Twitter, blog posts and podcasts to help…
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M&T Bank Will Move to a New Regional Headquarters in the Radnor Financial Center
A new regional headquarters for M&T Bank and wealth management subsidiary Wilmington Trust is coming to the Radnor Financial Center, writes Jeff Blumenthal for Philadelphia Business Journal. M&T has signed a 12-year lease for 45,000 square feet, occupying three floors of Building E. There will be 175 employees, uniting M&T’s retail, commercial, business banking and…
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FedLoan student loan call center in Chester closing next year, axed in cost-saving measure
Budget cuts are bringing an end to a student loan service call center in Chester, writes Erin Arvedlund and Bob Fernandez for The Philadelphia Inquirer. FedLoan’s center will close by the end of next year, according to Keith New, spokesperson for the Pennsylvania Higher Education Assistance Agency. FedLoan is part of PHEAA, which services about…
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Elwyn Hires New Auditing and Consulting Firms
Elwyn has hired a new auditing firm, BDO Global, and a consulting firm to help it meet financial benchmarks required by its lenders, writes Harold Brubaker for The Philadelphia Inquirer. The large Media-based nonprofit, which serves 25,000 people with intellectual, developmental and behavioral challenges, expects work from the auditing firm will take about six weeks…
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Cheyney University Keeps Accreditation, Debt Relief Promised
Cheyney University will not be forced to close now that the Middle States Commission on Higher Education agreed this week to reaffirm its accreditation of the university, writes Susan Snyder for The Philadelphia Inquirer. Key in the decision was Gov. Tom Wolf’s pledge to eliminate Cheyney’s $40 million debt to the Pennsylvania State System of…
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Citadel to Host Job Fair on Dec. 5; Interviews Will Be Given on the Spot
Citadel – the second-largest credit union in Greater Philadelphia with branches in Chester, Lancaster, Delaware, Montgomery, and Bucks counties – will host a job fair on Thursday, Dec. 5 from 4-7 PM at its corporate headquarters located at 520 Eagleview Boulevard in Exton. Attendees will have the opportunity to meet directly with hiring managers and…
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Visionary Tech, Internet Investor Warren “Pete” Musser Dies
Warren “Pete” Musser, the longtime Pennsylvania tech investor and former head of Radnor-based Safeguard Scientifics for nearly half a decade, died on Sunday at 92, writes Joseph N. DiStefano for The Philadelphia Inquirer. Musser passed away in a nursing facility near his Main Line home, where he was recovering from a fall he suffered a…
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Citadel’s $200,000 Donation to CHOP a Testament to Its Founding Philosophy of People Helping People
Citadel, as a credit union, was founded on the philosophy of people helping people, and its latest philanthropic act will indeed help a whole lot of them. Last week at its headquarters in Exton, Citadel presented a $200,000 check to Children’s Hospital of Philadelphia. The grand total represents the money raised from the second annual…
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SEC Actions Threaten End to Sisters of St. Francis Corporate Activism
A change proposed by the US. Securities and Exchange Commission could end corporate activism for people like Sister Nora Nash, a nun with the Sisters of St. Francis of Philadelphia out of Neumann University in Aston, writes Emily Chasan and Saijel Kiswhan for Bloomberg.com. The Sisters use their limited retirement fund shareholder status to file…
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PA Student Debt Is Second Highest in the Nation. 2 Legislators From Delco and Bucks County Have Started a Coalition to Do Something About it.
Pennsylvania has the dubious honor of having the second highest amount of student debt in the nation, an average of $37,061 per student, writes Ford Turner for The Morning Call. State residents have $68 billion in student debt. Over 10 years, tuition increased 40 percent while higher education state funding dropped 5 percent. “You hear…
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Third Annual Citadel Country Spirit USA to Return to Chester County’s Brandywine Valley
Citadel Country Spirit USA – a spectacular, three-day country music festival – will return to Chester County’s Brandywine Valley from Aug. 28-30, 2020. Ludwig’s Corner Horse Show Grounds, a picturesque, 33-acre site, again sets the scene for the third annual event. Heralded as a Great American Festival Experience, Citadel Country Spirit USA features 20 country…
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Two Media-based Accounting Firms Joining Forces
Two Media-based accounting firms are merging, writes Jeff Blumentthal for Philadelphia Business Journal. Barsz Gowie Amon & Fultz plans to acquire the boutique Rimmer & Jennings by year’s end. The deal adds five people to the firm’s existing 40. Name partner Kevin Jennings will join Barsz Gowie as a partner, while Ed Rimmer, now in…
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Community Involvement a Hallmark of Malvern Bank, One of Region’s Fastest-Growing Companies
Malvern Bancorp – the parent company of Malvern Bank, National Association – has been named to the Philadelphia Business Journal’s 2019 list of the 76 fastest-growing companies in Greater Philadelphia. The list was determined by revenue over a three-year period from 2016 through 2018. Malvern Bancorp placed 59th. “Making the ‘Soaring 76’ list is an…
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