Sign In
Free Newsletter
Two regional financial firms acquired
A Chicago-based accounting firm has purchased two financial companies in the region. Choreo LLC said it has agreed to purchase substantially all of the assets of Northeast Financial Group and Herbein Financial Group, Pennsylvania-based registered investment advisers with $1.3 billion in[...]
American Bank reports record year
Allentown’s American Bank Inc., the parent company of American Bank, on Thursday announced that it had record quarterly and annual earnings for the quarter and year ended Dec. 31. According to a press release, net income for the quarter was $3.686 million or 58 cents per diluted share, an increase of $483,000 or 15.1% from $3.203 million or 51 cents per diluted[...]
Community Bank announces leadership changes
Community Bank, which recently expanded in the Lehigh Valley and now has 10 locations in the region, has announced that Matt Durkee has been appointed Chief Banking Officer. Durkee succeeds Jeff Levy, who retired at the end of the year. In his new role, Durkee will oversee Community Bank’s banking strategy and performance across[...]
Mauch Chunk Trust announces leadership transition
Mauch Chunk Trust Company has promoted Nicole Barbaro executive vice president and CFO and named as the successor to become MCT’s next president and CEO following Patrick H. Reilly’s planned retirement in late 2026. Barbaro’s expanded role and the long-term succession plan reflect the confidence of senior leadership in her ability to guide the organization into[...]
Customers Bancorp names Sam Sidhu to board, CEO role
West Reading-based Customers Bancorp Inc. has announced the appointment of Sam Sidhu to the company’s board of directors as part of the succession plan it announced back in July. Under the plan, Sam Sidhu, president of Customers Bancorp and president and CEO of Customers[...]
The sound and fury of November’s stock market, signifying nothing
Sometimes the best action is no action at all. November tested that principle as traders whipsawed themselves trying to react to every headline, while long-term investors watched the show from the sidelines. Looking at the scoreboard you would think nothing happened. The S&P 500 inched up 0.1 percent, the Dow[...]
How to keep credit card debt from taking over your store
Did you know that the average credit card interest rate is almost 23 percent? Some charge as much as a 36 percent APR (annual percentage rate). In contrast, the variable rate for an SBA loan this year is around 12 percent. This means your interest will be about double if[...]
Reading nonprofit receives funding from Fulton Foundation
Connections Work in Reading is among the nonprofits receiving $20,000 each from the Fulton Forward Foundation, an independent non-profit private foundation funded by Fulton Bank. Fulton Foundation has awarded a total of $480,000 in grants to[...]
Members 1st names COO
Enola-based Members 1st Federal Credit Union announced the promotion of Christine Pavlakovich to COO. According to a release, Pavlakovich will oversee retail and branch operations, risk and compliance, legal, physical security as well as human resources and learning and development. “Christy leads with purpose and with heart,” Michael Wilson, president[...]
KeyBank: Consumers cutting costs as financial concerns loom
With inflation and higher interest rates, consumers around the country are feeling the pinch, said Youseff Tannous, KeyBank market president for Eastern Pennsylvania. The bank recently conducted its annual Financial Mobility Survey and found that people are changing the ways they are thinking about their finances as a result. The[...]
PSECU expands financial literacy efforts in Lehigh Valley
LVB: Financial literacy has always been an important part of PSECU’s mission. How did that all get started? Richards: Financial education has really been part of PSECU’s identity from the beginning. As a credit union, we were built on the philosophy of people helping people, and empowering members with financial[...]
Fulton Financial, Blue Foundry Bancorp combining in all-stock merger
Fulton Financial Corporation and Blue Foundry Bancorp are combining in an all-stock merger. As Blue Foundry is based in Rutherford, N.J., the transaction expands Lancaster-based Fulton Financial’s presence in northern New Jersey markets. Fulton Financial and Blue Foundry announced Monday that they have entered into a definitive merger agreement in[...]
