Banking & Finance
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FMFCU Foundation’s Inaugural Golf Outing to Benefit Local Schools
The Franklin Mint Federal Credit Union Foundation will hold its inaugural Golf Classic on Monday, June 10 at Radley Run Country Club in West Chester. This event is presented by The Henderson Group, Philadelphia’s premier provider of flexible workplace solutions. Funds from the Golf Classic will benefit the Delaware County Excellence in Teaching Awards grants.…
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Malvern Bank to Host Grand Re-Opening of Newly Renovated Coventry Financial Center
Hop on over to Malvern Bank’s Community Day event! After remodeling and renovations, Malvern Bank, National Association will host a Grand Re-Opening community event located at its Coventry Financial Center & Private Client Office. The bank is looking forward to bringing the community together as a whole on April 6 from 9 AM-12 PM at…
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Playoff Positions Settled as Hi-Q’s Regular Season Ends
Wins are a source of pride in Delco Hi-Q, but points are coveted by teams hoping for a playoff appearance. The high-scoring team moves directly to the championship while the next six teams compete in a semifinal round to earn a place in the championship. It all came down to the last three regular season…
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DNB First Participates in ‘Weather the Weather’ Food Drive for Benefit of Local Seniors, Students
DNB First recently teamed up with the West Chester Area Senior Center (WCASC) to pack hundreds of bags of food for the “Weather the Weather” Emergency Food Drive. Many seniors rely on the center for warm meals; however, it can be difficult for them to make it there on days when there is inclement weather.…
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Malvern Bank to Open Private Client Representative Office in Hartshorne Mansion in West Chester
Malvern Bank, National Association intends to open a Private Client Representative office in West Chester in February 2019. The new private client office will be located in the Hartshorne Mansion located at 535 North Church Street. “The new West Chester office is well situated to serve the needs of our growing client base in Chester…
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CEO of Applied Bank Donates $16 Million to His Alma Mater in Wilmington
Rocco Abessinio, the CEO of Delaware-based Applied Bank, which has offices in Glen Mills, has donated $16 million to his alma mater, Salesianum, a Catholic prep school in Wilmington, writes Joseph DiStefano for the Philadelphia Inquirer. The gift is the latest in a string of similar donations to Catholic institutions in the Brandywine Valley by…
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Holiday Season a Testament to Malvern Bank’s Commitment to the Communities It Serves
During the holiday season, Malvern Bank, National Association warmed the hands and hearts of the communities it serves through volunteerism and giving back. The bank has worked hard to develop a deeper understanding of what it can do to give back. It has been working to support the Community Soup Kitchen’s mission to feed the…
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ADVIS Achieves Milestone with Support of Malvern Bank, National Association
Malvern Bank, National Association has donated $30,000 to the Association of Delaware Valley Independent Schools (ADVIS) this holiday season. This donation helped ADVIS secure the required 100 percent matching funds for its recent Edward E. Ford Foundation grant award of $100,000. The grant supports ADVIS programming toward transformative collaboration for financial sustainability amongst its independent…
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With an Assist from Franklin Mint FCU, McFadden Group Keeps Its Portfolio Close to Home
The McFadden Group, a real estate development and management company based in West Chester and run by Brian and Ellen McFadden, keeps its portfolio close to home, according to a report in Choices, the official magazine of Franklin Mint Federal Credit Union. Over the last 35 years, the McFaddens have built an impressive portfolio of…
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DNB First Appoints Industry Veteran as Its Chief Commercial Lending Officer
DNB Financial Corporation has appointed James A. Malloy as its Chief Commercial Lending Officer. Malloy joins DNB First with more than 30 years of commercial banking experience. In his new role, he will lead the bank’s Commercial Lending and Treasury Management teams. “We’re thrilled to welcome a commercial lender of Jim Malloy’s caliber to our…
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Be ‘Merry’ with Malvern Bank, National Association
The holidays are a season for giving and spending time with loved ones. To celebrate, Malvern Bank, National Association will be a sponsor of “Malvern’s Christmas on King” event on Saturday, Dec. 1. Christmas on King is produced by the Malvern Business & Professional Association. The holiday event will feature a variety of performances and…
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Dozen Teachers Receive Mini-Grants from Franklin Mint Federal Credit Union Foundation
The Franklin Mint Federal Credit Union Foundation has awarded mini-grants totaling nearly $5,000 to a dozen teachers across the region. In its inaugural mini-grant offering, the foundation received 85 applications from teachers of kindergarten through 12th grade to help fund innovative, student-oriented educational experiences that might not otherwise be funded. Mini-grant requests ranged from $51…
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With Support from Malvern Bank, Local Distillery Wins Best Gin at International Spirits Competition
By Steve Edgcumbe The folks at Brandywine Branch Distillers in Elverson are in especially good “spirits” these days, having recently come away with the top prize in the “Best Gin” category at the 2018 New York World Wine & Spirits Competition. A panel of esteemed spirits judges selected the spring-inspired Equinox Expression from the distillery’s…
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Malvern Federal Charitable Foundation Awards Grants to Local Charitable Nonprofits
Malvern Federal Charitable Foundation has awarded 11 grants totaling $105,000 to charitable, nonprofit organizations in its local markets. The organizations receiving grants are: The Timothy School in Berwyn is the state’s oldest nonprofit school devoted exclusively to the educational needs of autistic children. The school works to develop an understanding of autism that recognizes the…
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Quarterly Results Indicate DNB First ‘Successfully Meets Challenges Presented by Rising Interest Rates’
DNB Financial Corporation has reported net income of $3.0 million, or $0.70 per diluted share, for the quarter ending Sept. 30, 2018, compared with $2.4 million, or $0.56 per diluted share, for the same quarter, last year. For the nine months ending Sept. 30, 2018, the company reported net income of $7.7 million, or $1.78…
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First Resource Bank to Enter Main Line, Acquires Lancaster Avenue Site for Its Third Location
First Resource Bank has acquired 321 West Lancaster Avenue in Wayne as the site for its third location. Construction is expected to begin next month with the branch opening anticipated for mid-2019. “Combined with our current Exton and West Chester locations, the Wayne location will give us access to a geographic footprint that has $12…
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Educating Seniors on Financial Fraud One of Many Ways Malvern Bank Gives Back to Community
“I always go back to thinking that if it were my grandmother or grandfather, I would want them to be made aware of this,” said Glen Pierson, Vice President/Financial Sales Manager of Malvern Bank, National Association. Pierson is talking about financial exploitation and fraud aimed at seniors, and he and his bank recognized the need…
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Aston-Based Nun Questions Ethics of Wells Fargo
Sister Nora Nash of the Sisters of St. Francis has called into question the ethics of Wells Fargo after it agreed to start working with Sturm Ruger, a major gun manufacturer, writes Jeff Blumenthal for the Philadelphia Business Journal . According to Bloomberg, Wells Fargo issued a $40 million line of credit to Sturm Ruger…
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