INDUSTRY INSIGHTS YOUR PEERS ARE READING
has bought the assets of West Capital Management in Philadelphia. WSFS Financial in Wilmington, Del., breaking_news community-banking de pa dealmaking-strategy MORE
12:00 p.m. - 3:00 p.m. Local Host: American Heritage Federal Credit Union. Lunch will be served. Filene Host: Jimese Harkley. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW? MORE
In an announcement Friday afternoon, Philadelphia Federal Reserve Bank President Patrick Harker said his regional bank is launching an "Agenda on Poverty and Prosperity" to provide research and recommendations to Fed leaders on the interaction between poverty and economic growth. MORE
City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal. Earnings Morning scan Credit cards AML Digital banking Finance and investment-related court cases Goldman Sachs Apple MORE
In our local area, we are still seeing modest growth in Philadelphia and surrounding counties. Dorothy Jaworski economic update economy financial markets guest post Penn Community Bank Philadelphia economy MORE
As of July 1, cashless stores and restaurants in Philadelphia will be no more. Outside of a few exceptions such as parking lots, hotels, and car rental agencies, the Philadelphia City Council has deemed cashless businesses discriminatory. MORE
81 Philadelphia Federal Reserve Bank President Patrick Harker sat down with American Banker to talk fintech, financial regulation and the economy. Financial regulations Fintech Economy Patrick Harker Federal Reserve Bank of Philadelphia MORE
area, Philadelphia and Boston. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C Chase plans to open 90 new branches and hire 700 employees by the end of 2018. MORE
Prudential Bancorp in Philadelphia has a new chief executive. breaking_news people pa community-banking MORE
Dorothy Jaworski economic update economy financial markets Penn Community Bank Philadelphia economyHere we are in July already! The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) and hitting the lower end when the weak economic data smacks them in the face. I usually write with a cautious tone. Many of my economic views contain the word “weak.” MORE
The National Credit Union Administration has issued a cease and desist order to S M Federal Credit Union of Philadelphia, Pennsylvania. MORE
A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks. MORE
Perhaps you even recall prominent Philadelphians… Best 49 Fun Things to Do & See in Philadelphia – Activities & Attractions is a post from Money Crashers. If you were paying attention in high school, you might remember that Philly was the first capital of the United States. Nope, it wasn’t Boston or New York City, though the latter did temporarily serve as the national seat of government when Washington D.C. was still a tepid swamp.) MORE
San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC. MORE
In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices. Mobile point-of-sale Mobile payments Cash Payment cards Iowa MORE
Artificial intelligence Machine learning Fraud prevention Elder fraud Fraud detection Payment fraud Predictive analytics Big data Wells Fargo Wells Fargo Advisors First Citizens Bank Federal Reserve Federal Reserve Bank of Philadelphia FinCENBanks use anti-money-laundering and fraud systems to try to catch scams that prey on senior citizens. A few, including Wells Fargo, are working on artificial intelligence that could spot them even earlier. MORE
Citadel Federal Credit Union has a very good deal for southeast Pennsylvania savers that beats the best nationally available returns on these certificates of deposit. CD Rates 24-month cds best cd rates certificates of deposit citadel federal credit union MORE
He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. Our Philadelphia Eagles excited us and made us optimistic that their 2014 will be bright. MORE
That question was the focus of a breakout session Tuesday at the fourth annual CONNECT Mobile CX Summit in Philadelphia. The answer is complicated, which is usually the case with emerging technology options MORE
Dorothy Jaworski economic update economy First Fed of Bucks County guest post Jeff Marsico Kafafian Group Philadelphia economy 2014’s Biggest Surprise It never fails. The markets provide us with completely unexpected surprises and leave us scrambling to update our projections for rates and economic growth. And so it was in the latter part of 2014. Oil prices began a massive plunge, down 46% for the year to $53 per barrel. And who expected this? Well- no one. MORE
Dorothy Jaworski economic update economy Penn Community Bank Philadelphia economyThe third quarter of 2016 was relatively quiet after the surprise of the Brexit vote at the end of the second quarter. There is a Presidential election coming and perhaps people are exhausted by it. I cannot wait for the political TV ads to end. But, either way, we will have a new President come January, 2017. MORE
CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. ” As a result of the branch openings, JPMorgan said it will hire as many as 300 employees for the Philadelphia branches and will put $3 billion for mortgages and small business lending in the area. MORE
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. Now stores will be required “to do what businesses have been doing since Ben Franklin was walking the streets of Philadelphia,” he said. MORE
The National Credit Union Administration (NCUA) liquidated six federal credit unions in the Philadelphia, Pennsylvania, area. The six liquidated credit unions are Cardozo Lodge Federal Credit Union of Bensalem, Chester Upland School Employees Federal Credit Union of Chester, Electrical Inspectors Federal Credit Union of Bensalem, O P S EMP Federal Credit Union of Bensalem, Servco Federal Credit Union of Bensalem, and Triangle Interests % Service Center Federal Credit Union of Bensalem. MORE
Dorothy Jaworski economic update financial markets guest post Penn Community Bank Philadelphia economyA Long, Cold December I could just scream! MORE
The nation's largest bank plans to open 90 new branches in new cities this year while continuing its expansion in the Philadelphia, Boston and Washington markets. Consumer banking Branch network Branch banking Thasunda Duckett JPMorgan Chase MORE
Investors Bancorp in Short Hills, N.J., has agreed to buy Bank of Princeton in Princeton, N.J. breaking_news community-banking m-a nj pa dealmaking-strategy MORE
The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops. Retailers Compliance Digital payments Cash New Jersey Pennsylvania MORE
Marketplace lending Consumer lending Underbanked Federal Reserve Bank of Cleveland Federal Reserve Bank of Philadelphia Federal Reserve Bank of Chicago Lending Club Marketplace Lending AssociationConsumers who have borrowed from online lenders owe more and have lower credit scores than similarly situated consumers who have not used online lenders, according to a study released Thursday by the Cleveland Fed. The provocative findings seem likely to spark intense debate. MORE
Dorothy Jaworski economic update economy First Fed of Bucks County Jeff Marsico Kafafian Group Philadelphia economy Two brutally cold winters in a row! By this time, we have all had enough of the cold, the polar vortex, the snow, the freezing rain, the ice, and the potholes that are left on our roadways to harass and frustrate us. At least we are not in Boston. We need a change of seasons! MORE
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. Integrations Community banking M&A New Jersey MORE
Fair Housing Act Foreclosures Subprime lending Redlining Sailthru NMN servicing no display Wells Fargo SCOTUS City of PhiladelphiaThe city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act. MORE
In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year. Economy Millennials Fintech M&A Community banks Policymaking Patrick Harker Federal Reserve FOMC MORE
These conclusions are diametrically opposed to those released jointly just a few months ago by the Chicago and Philadelphia Fed economists, who determined that online lenders serve those who are systemically underserved by traditional financial channels and benefit greatly from their services. Alternative Finances alternative lending chicago fed Federal Reserve of Cleveland News online lenders online lending online loans Philadelphia regulations MORE
JPMorgan Chase to expand in Boston, Philadelphia, Washington, D.C. Management Financial Trends Retail Banking Channels. 1Retail Banking MORE
Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. According to a report in CNBC , the Philadelphia City Council voted Monday (May 1) to switch the company that handles its $2 billion payroll account from Wells Fargo to Citizens Bank for its next fiscal year, which begins in July. MORE
Dorothy Jaworski economic update economy guest post Penn Community Bank Philadelphia economyChange Happy 2017, everyone! Who is ready for all of the change that is about to be upon us? A new President will be inaugurated tomorrow, January 20 th , and Donald Trump has promised change. He has used his slogan of Make America Great Again to show that his focus will be on the US and the US economy. MORE
That was on display this week in payments and commerce, as cashless jumped forward in Atlanta with a big partnership, only to get the cold shoulder in Philadelphia where it is now banned by law. The city of Philadelphia certainly worried it is …. MORE
It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. Consumer banking Branch network Branch banking Strategic plans Growth strategies Jamie Dimon JPMorgan Chase Pennsylvania Delaware New Jersey MORE
Citizens & Northern will pay $43 million for the $348 million-asset Monument. Community banking Capital Growth strategies M&A Pennsylvania MORE
Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. New Jersey has passed a law banning cashless stores and restaurants, according to reports. MORE
Dorothy Jaworski economic update economy First Fed of Bucks County First Federal of Bucks County Penn Community Bank Philadelphia economyThe Crisis Begins If your country was in default on its debt, in economic distress, and almost out of cash, would you vote “no” to a potential deal to get out of immediate trouble? Even if it meant spending less money- that you don’t have? None of us would do that, but tell that to the Greeks. MORE
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal. M&A Capital Growth strategies New Jersey Pennsylvania MORE
The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission. MORE
Philadelphia Related Topics 
PYMNTS
MARCH 7, 2019
Lawmakers in Philadelphia have passed a ban on cashless stores, making it the first major city in the U.S. Now stores will be required “to do what businesses have been doing since Ben Franklin was walking the streets of Philadelphia,” he said.
PYMNTS
MAY 3, 2017
Wells Fargo is trying to move beyond its fake account scandal, but that’s not happening at least in the city of Philadelphia, where the embattled bank lost a big government contract. According to a report in CNBC , the Philadelphia City Council voted Monday (May 1) to switch the company that handles its $2 billion payroll account from Wells Fargo to Citizens Bank for its next fiscal year, which begins in July.
PYMNTS
SEPTEMBER 24, 2018
CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. ” As a result of the branch openings, JPMorgan said it will hire as many as 300 employees for the Philadelphia branches and will put $3 billion for mortgages and small business lending in the area.
Payments Source
FEBRUARY 5, 2019
The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops. Retailers Compliance Digital payments Cash New Jersey Pennsylvania
American Banker
SEPTEMBER 23, 2016
In an announcement Friday afternoon, Philadelphia Federal Reserve Bank President Patrick Harker said his regional bank is launching an "Agenda on Poverty and Prosperity" to provide research and recommendations to Fed leaders on the interaction between poverty and economic growth.
PYMNTS
MARCH 11, 2019
That was on display this week in payments and commerce, as cashless jumped forward in Atlanta with a big partnership, only to get the cold shoulder in Philadelphia where it is now banned by law. The city of Philadelphia certainly worried it is ….
Filene
OCTOBER 19, 2016
12:00 p.m. - 3:00 p.m. Local Host: American Heritage Federal Credit Union. Lunch will be served. Filene Host: Jimese Harkley. Click the arrow below to REGISTER for this event: WHAT IS AN IMPACT ROADSHOW?
BankThink
MAY 16, 2017
Philadelphia Federal Reserve Bank President Patrick Harker sat down with American Banker to talk fintech, financial regulation and the economy. Financial regulations Fintech Economy Patrick Harker Federal Reserve Bank of Philadelphia
Keith Leggett's Credit Union Watch
APRIL 6, 2016
The National Credit Union Administration (NCUA) liquidated six federal credit unions in the Philadelphia, Pennsylvania, area. The six liquidated credit unions are Cardozo Lodge Federal Credit Union of Bensalem, Chester Upland School Employees Federal Credit Union of Chester, Electrical Inspectors Federal Credit Union of Bensalem, O P S EMP Federal Credit Union of Bensalem, Servco Federal Credit Union of Bensalem, and Triangle Interests % Service Center Federal Credit Union of Bensalem.
BankThink
MAY 15, 2017
Fair Housing Act Foreclosures Subprime lending Redlining Sailthru NMN servicing no display Wells Fargo SCOTUS City of PhiladelphiaThe city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act.
Keith Leggett's Credit Union Watch
DECEMBER 12, 2016
The National Credit Union Administration has issued a cease and desist order to S M Federal Credit Union of Philadelphia, Pennsylvania.
Money Crashers
MARCH 19, 2018
Perhaps you even recall prominent Philadelphians… Best 49 Fun Things to Do & See in Philadelphia – Activities & Attractions is a post from Money Crashers. If you were paying attention in high school, you might remember that Philly was the first capital of the United States. Nope, it wasn’t Boston or New York City, though the latter did temporarily serve as the national seat of government when Washington D.C. was still a tepid swamp.)
BankThink
OCTOBER 1, 2018
Citizens & Northern will pay $43 million for the $348 million-asset Monument. Community banking Capital Growth strategies M&A Pennsylvania
BankThink
FEBRUARY 22, 2019
City sues seven banks for alleged price fixing on floating-rate bonds; analyst says “the most negative revelations are yet to come” in the 1MDB scandal. Earnings Morning scan Credit cards AML Digital banking Finance and investment-related court cases Goldman Sachs Apple
Payments Source
MARCH 4, 2016
A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.
BankThink
MAY 16, 2017
In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year. Economy Millennials Fintech M&A Community banks Policymaking Patrick Harker Federal Reserve FOMC
BankThink
JULY 24, 2017
Delmar will buy Liberty Bell Bank in New Jersey, which had survived a debilitating six-year battle for control with a former CEO. Liberty Bell also suffered from corporate theft and a check-kiting scandal. M&A Capital Growth strategies New Jersey Pennsylvania
BankThink
JANUARY 30, 2019
Artificial intelligence Machine learning Fraud prevention Elder fraud Fraud detection Payment fraud Predictive analytics Big data Wells Fargo Wells Fargo Advisors First Citizens Bank Federal Reserve Federal Reserve Bank of Philadelphia FinCENBanks use anti-money-laundering and fraud systems to try to catch scams that prey on senior citizens. A few, including Wells Fargo, are working on artificial intelligence that could spot them even earlier.
BankThink
SEPTEMBER 24, 2018
It will also invest in mortgage and small-business lending and in neighborhood revitalization efforts there. The moves are part of a nationwide expansion by the largest U.S. Consumer banking Branch network Branch banking Strategic plans Growth strategies Jamie Dimon JPMorgan Chase Pennsylvania Delaware New Jersey
American Banker
MAY 4, 2016
Investors Bancorp in Short Hills, N.J., has agreed to buy Bank of Princeton in Princeton, N.J. breaking_news community-banking m-a nj pa dealmaking-strategy
Matt Wilcox Pro
MARCH 18, 2019
As of July 1, cashless stores and restaurants in Philadelphia will be no more. Outside of a few exceptions such as parking lots, hotels, and car rental agencies, the Philadelphia City Council has deemed cashless businesses discriminatory.
PYMNTS
NOVEMBER 14, 2017
These conclusions are diametrically opposed to those released jointly just a few months ago by the Chicago and Philadelphia Fed economists, who determined that online lenders serve those who are systemically underserved by traditional financial channels and benefit greatly from their services. Alternative Finances alternative lending chicago fed Federal Reserve of Cleveland News online lenders online lending online loans Philadelphia regulations
PYMNTS
MARCH 19, 2019
Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. New Jersey has passed a law banning cashless stores and restaurants, according to reports.
Jeff For Banks
FEBRUARY 1, 2019
Dorothy Jaworski economic update financial markets guest post Penn Community Bank Philadelphia economyA Long, Cold December I could just scream!
Jeff For Banks
JANUARY 18, 2014
He was just in Philadelphia on January 3rd delivering his last public speech and he nostalgically proclaimed that “the recovery remains incomplete,” which will qualify his comment for the understatement of the year award. Our Philadelphia Eagles excited us and made us optimistic that their 2014 will be bright.
Jeff For Banks
AUGUST 12, 2018
In our local area, we are still seeing modest growth in Philadelphia and surrounding counties. Dorothy Jaworski economic update economy financial markets guest post Penn Community Bank Philadelphia economy
PYMNTS
MARCH 21, 2019
San Francisco is considering following in the footsteps of New Jersey and Philadelphia and banning cashless stores, including Amazon Go, according to a report from CNBC.
Mobile Payments Today
AUGUST 24, 2017
That question was the focus of a breakout session Tuesday at the fourth annual CONNECT Mobile CX Summit in Philadelphia. The answer is complicated, which is usually the case with emerging technology options
ABA Community Banking
FEBRUARY 21, 2018
JPMorgan Chase to expand in Boston, Philadelphia, Washington, D.C. Management Financial Trends Retail Banking Channels. 1Retail Banking
BankThink
NOVEMBER 10, 2017
Marketplace lending Consumer lending Underbanked Federal Reserve Bank of Cleveland Federal Reserve Bank of Philadelphia Federal Reserve Bank of Chicago Lending Club Marketplace Lending AssociationConsumers who have borrowed from online lenders owe more and have lower credit scores than similarly situated consumers who have not used online lenders, according to a study released Thursday by the Cleveland Fed. The provocative findings seem likely to spark intense debate.
Bankaholic
JULY 21, 2015
Citadel Federal Credit Union has a very good deal for southeast Pennsylvania savers that beats the best nationally available returns on these certificates of deposit. CD Rates 24-month cds best cd rates certificates of deposit citadel federal credit union
BankThink
MARCH 13, 2019
The nation's largest bank plans to open 90 new branches in new cities this year while continuing its expansion in the Philadelphia, Boston and Washington markets. Consumer banking Branch network Branch banking Thasunda Duckett JPMorgan Chase
Jeff For Banks
JULY 24, 2015
Dorothy Jaworski economic update economy First Fed of Bucks County First Federal of Bucks County Penn Community Bank Philadelphia economyThe Crisis Begins If your country was in default on its debt, in economic distress, and almost out of cash, would you vote “no” to a potential deal to get out of immediate trouble? Even if it meant spending less money- that you don’t have? None of us would do that, but tell that to the Greeks.
Jeff For Banks
JULY 8, 2017
Dorothy Jaworski economic update economy financial markets Penn Community Bank Philadelphia economyHere we are in July already! The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) and hitting the lower end when the weak economic data smacks them in the face. I usually write with a cautious tone. Many of my economic views contain the word “weak.”
BankThink
OCTOBER 29, 2018
OceanFirst Financial's acquisition of Capital Bank of New Jersey would strengthen its presence in the southern part of the state and Philadelphia. Integrations Community banking M&A New Jersey
PYMNTS
MARCH 13, 2019
area, Philadelphia and Boston. Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C Chase plans to open 90 new branches and hire 700 employees by the end of 2018.
Jeff For Banks
FEBRUARY 3, 2017
Dorothy Jaworski economic update economy guest post Penn Community Bank Philadelphia economyChange Happy 2017, everyone! Who is ready for all of the change that is about to be upon us? A new President will be inaugurated tomorrow, January 20 th , and Donald Trump has promised change. He has used his slogan of Make America Great Again to show that his focus will be on the US and the US economy.
Jeff For Banks
NOVEMBER 7, 2016
Dorothy Jaworski economic update economy Penn Community Bank Philadelphia economyThe third quarter of 2016 was relatively quiet after the surprise of the Brexit vote at the end of the second quarter. There is a Presidential election coming and perhaps people are exhausted by it. I cannot wait for the political TV ads to end. But, either way, we will have a new President come January, 2017.
Jeff For Banks
APRIL 10, 2015
Dorothy Jaworski economic update economy First Fed of Bucks County Jeff Marsico Kafafian Group Philadelphia economy Two brutally cold winters in a row! By this time, we have all had enough of the cold, the polar vortex, the snow, the freezing rain, the ice, and the potholes that are left on our roadways to harass and frustrate us. At least we are not in Boston. We need a change of seasons!
Bank Innovation
MARCH 8, 2016
The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission.
American Banker
MAY 4, 2016
Prudential Bancorp in Philadelphia has a new chief executive. breaking_news people pa community-banking
Jeff For Banks
JANUARY 12, 2015
Dorothy Jaworski economic update economy First Fed of Bucks County guest post Jeff Marsico Kafafian Group Philadelphia economy 2014’s Biggest Surprise It never fails. The markets provide us with completely unexpected surprises and leave us scrambling to update our projections for rates and economic growth. And so it was in the latter part of 2014. Oil prices began a massive plunge, down 46% for the year to $53 per barrel. And who expected this? Well- no one.
Payments Source
FEBRUARY 19, 2019
In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices. Mobile point-of-sale Mobile payments Cash Payment cards Iowa
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