Samvir Sidhu to take over as president and CEO of Customers Bank in July
Samvir Sidhu has been tapped to replace Richard Ehst as president and CEO of Customers Bank, a subsidiary of Customers Bancorp Inc. of Reading.
Peoples Security names commercial lending officer for Lehigh Valley
Peoples Security Bank & Trust Co. has hired Carmen Flosdorf as vice president commercial lending officer. She will be based at the West Tilghman Street branch office in Allentown.
A Conversation with Donna LoStocco, president and CEO of First Commonwealth Federal Credit Union
First Commonwealth Federal Credit Union started in 1959 serving the manufacturing segment of AT&T, which was then known as Western Electric. Donna LoStocco joined the credit union in 2016 as president and CEO with a mission to grow membership.
Members 1st continues Berks expansion with Exeter Twp. branch
A Central Pennsylvania-based bank is continuing its expansion into Berks County with its newest branch opening in Exeter Township.
Ben Franklin Tech Partners makes $485,000 in investments
A number of Greater Lehigh Valley businesses were among those sharing a part of $485,000 in investments from the Ben Franklin Technology Partners of Northeastern Pennsylvania.
NEIF seeking smaller investors for climate action investment fund
Allentown-based NEIF Fund is looking to make climate action investment more accessible with its latest round of notes.
PHFA fund to help women and minorities build affordable housing
The Pennsylvania Housing Finance Agency wants to get more women- and minority-owned businesses involved in building affordable housing and it’s creating a fund to help such businesses get started.
Customers Bank contributes $150K to support Alvernia’s Reading Youth Initiative
Customers Bank contributed $150,000 to support the Reading Youth Initiative, a long-time program of Alvernia University and the Reading School District that supports inner-city children and programs.
First Commonwealth has 50% female leadership with promotion of Karla Trumbauer
First Commonwealth Federal Credit Union took the opportunity of International Women’s Day to announce that it has named Karla Trumbauer to the post of chief information and technology officer, making 50% of the credit union’s executive roles held by women.
U.S. economy expected to expand at 6.7 percent clip in 2021
The U.S. economy is expected to grow 6.7 percent in 2021, an improvement not only from last year's 2.5 percent contraction but up, too, compared to last month's forecast of 5.3 percent, according to the February 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.
First Commonwealth names chief experience officer
First Commonwealth Federal Credit Union, which recently opened a new headquarters in Lower Macungie Township, has named a new chief experience officer.
Op-Ed: How home bias could be putting your wealth at risk
Successful wealth management requires us to construct diverse investment portfolios made up of different asset classes, including stocks. In choosing our investments we often have biases that unknowingly create challenges as market cycles change.