Banking & Finance
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Malvern Bancorp Receives Exclusive National Recognition from Sandler O’Neill
The Malvern Bancorp has been named to the exclusive “2017 Bank & Thrift Sm-All Stars” list, from Sandler O’Neill + Partners, as a top-performing, publicly traded bank in America. Sandler O’Neill evaluated 404 publicly traded banks and thrifts with a market capitalization below $2.5 billion, and identified the nation’s 29 top-performing, small-cap banks and thrifts.…
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BB&T’s Evolution Continues as It Seeks to Improve Efficiency
BB&T, which recently entered the Philadelphia market after acquiring Susquehanna Bancshares and National Penn Bancshares, will be closing 140 locations nationwide this week including some nearby branches, writes Jeff Blumenthal for the Philadelphia Business Journal. According to the company’s CEO, Kelly King, the branch closures represent around six percent of the bank’s entire network. “For…
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Five-Time Grammy Nominee to Headline Concert Celebrating Citadel’s 80-Year History
Whereas steel is undoubtedly Coatesville’s No. 1 export, Citadel may rank as its second. And it’s not a coincidence that the two are inextricably linked. Citadel was founded in South Coatesville in 1937 as a credit union for employees of Lukens Steel, which provided the foundation to countless American structures, including the St. Louis Arch…
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Malvern Federal Helps Prepare Children for School, Donates Essential Supplies for Learning
Malvern Federal Savings Bank has announced the donation of school supplies to the Maternal and Child Health Consortium of Chester County. The Maternal and Child Health Consortium of Chester County, a charitable organization that supports the community by providing services to meet emerging needs of families, was the recipient of donations made at Malvern Federal…
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Malvern Federal Provides Financial Solutions Geared to Equestrian Market
Malvern Federal Savings Bank has announced the establishment of a new equestrian business focus. The bank will offer horse owners, horse farms, and other equestrian-related clientele private banking and wealth management services, including deposit solutions, investment management, credit solutions, and self-direct IRAs. The bank’s newest representative office – located in the heart of Palm Beach,…
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Malvern Federal to Expand Geographic Footprint, Open New Private Banking Office in Delaware
Malvern Federal Savings Bank has appointed Andrea Cho to Senior Vice President, Private Banking of Malvern. The bank also announced that it intends to open a private banking office in Montchanin, Del., in September. It will be located at 10 West Rockland Road. “The new Montchanin office will be less than four miles from the…
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Construction Complete at FMFCU’s New Headquarters in Chadds Ford
The Henderson Group, one of the leading commercial real estate development companies in Greater Philadelphia, celebrated the completion of its Brandywine 6 office building in Chadds Ford on Wednesday. Employees of Media-based Henderson and Franklin Mint Federal Credit Union, along with elected officials and key project partners, gathered for a ribbon-cutting ceremony for FMFCU’s state-of-the-art…
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Original Wawa Store to Become New Branch of Franklin Mint Federal Credit Union
The fate of the location of the very first Wawa store is no longer a mystery, as Franklin Mint Federal Credit Union is now building a branch there, writes Peg DeGrassa for Town Talk. The new branch, which is expected to open early next year, will consolidate FMFCU’s Holmes and Folsom locations. [uam_ad id=”52851″] Advertisement…
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Franklin Mint Federal Credit Union CEO John Unangst Receives Distinguished Honor
John D. Unangst, President and CEO of the Broomall-based Franklin Mint Federal Credit Union, was selected as CEO of the Year among credit unions with $250 million-plus in assets by the National Association of Federally-Insured Credit Unions. “The board of directors, management team, and employees congratulate John Unangst on receiving this prestigious award,” said Patrick…
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Delaware County Leadership – Bill Hieb, President & CEO of DNB Financial
Bill Hieb, President and CEO of DNB Financial, parent company of DNB First, the oldest nationally chartered community bank serving the Greater Philadelphia region, recently sat down with DELCO Today. He discussed growing up in Drexel Hill, his swimming prowess at Bonner and then Penn State, wanting to be a veterinarian and discovering a love…
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Veteran of Prudential Takes Over Reins of Darby-Based Sharon Savings Bank
Joseph Corrato has been hired by Darby-based Sharon Savings Bank to take over as CEO on Sept. 1 from Frank S. DePaolo, who will stay on as vice chairman, writes Jeff Blumenthal for the Philadelphia Business Journal. Corrato has spent nearly four decades at Prudential Bancorp, serving as treasurer, controller, and chief accounting officer before…
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Brazunas Retires as Chairman of Sun East’s Board; Credit Union Realigns Board of Directors
The Sun East Federal Credit Union announced shortly after its 68th annual shareholders meeting that Anthony B. “Tony” Brazunas III, one of the board’s longest-serving members and current chairman, will be retiring after 30 years of dedicated service. After decades of providing governance and counsel to the Sun East board of directors, Brazunas will receive…
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Malvern Federal Savings Bank Opens New Office in Palm Beach
The Paoli-based Malvern Bancorp has announced the opening of a new representative office at 205 Worth Avenue in Palm Beach, Fla. “This is our initial location for gaining visibility and brand recognition in the region,” said Anthony C. Weagley, President and CEO. “Malvern offers a wide range of private banking and wealth management services delivered…
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Malvern Bancorp Reports Quarterly Earnings Driven by Loan Growth, Higher Net Interest Income
The Paoli-based Malvern Bancorp, parent company of Malvern Federal Savings Bank, has reported operating results for the second fiscal quarter ended March 31, 2017. Net income amounted to $1.4 million, or $0.22 per fully diluted common share, for the quarter, an increase of $143,000, or 11.3 percent, as compared with net income of $1.3 million,…
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Money Talks: Franklin Mint Federal Credit Union Passes $1 Billion in Assets
The Franklin Mint Federal Credit Union, headquartered in Broomall, announced the surpassing of one billion dollars in total assets as of March 31, 2017. Beginning in 1970 as a credit union serving one partner organization, The Franklin Mint Collectables Company, FMFCU currently serves more than 80,000 members in the Greater Philadelphia region and 2,000 partnering…
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Radnor’s eMoney Advisor Launches Advisor Assurance
In anticipation of the implementation of the Department of Labor’s Fiduciary Rule in June, Radnor’s eMoney Advisor launched Advisor Assurance on April 4. This compliance solution provides streamlined documentation and archiving of interactions between advisor and client throughout the financial planning process. The program is designed to provide oversight for the whole office, including financial…
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Malvern Federal Promotes William J. Boylan to EVP, Chief Lending Officer
Malvern Bancorp, the parent company of Paoli-based Malvern Federal Savings Bank, has promoted William J. Boylan to Executive Vice President and Chief Lending Officer. Boylan, who joined Malvern in August 2015, heads up the bank’s operations in New Jersey, and oversees all aspects of Malvern’s lending business in Pennsylvania and New Jersey. “Bill has consistently…
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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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