February 3, 2016
The FBI and Philadelphia police were asking for the public's help to identify a man who robbed a PNC Bank branch Monday afternoon in Center City. Just after 2:15 p.m., the suspect, described as a black man in his 50s with a salt-and-pepper beard and wearing a white jeff cap, entered the bank on the 1500 block of Walnut Street and handed a teller a note demanding money, the FBI said. The suspect then fled west on Walnut with an undisclosed amount of cash. He was estimated at 5-foot-8 to 5-foot-9, with a medium build.
January 25, 2016 |
The Left Bank - at $58 million, developer Carl Dranoff's most expensive project to date when it opened in late January 2001 - was considered a dangerous move at the time. "It was West Philadelphia ," Dranoff said of the experts' observations. "They thought I was nuts. " Of course, Dranoff's gamble - an "educated leap of faith," he called it at the time - paid off. The 282-unit luxury rental project - carved from a 700,000-square-foot, concrete-and-steel University of Pennsylvania-owned building at 32d and Walnut Streets that had last been home to General Electric's missile and spacecraft division - has been 100 percent rented almost since the day it opened.
January 23, 2016 |
Two Burlington County bank robbers were each sentenced to nine years in prison Thursday for several holdups at South Jersey banks. Shalir Hall, 22, of Edgewater Park, and David Glenn, 24, of Burlington Township, appeared before U.S. District Judge Jerome B. Simandle in Camden. According to court documents, Hall robbed nine banks, and Glenn participated in seven of those robberies. Authorities said nearly $46,000 was stolen. The crimes began Sept. 27, 2013, when Hall entered the Beneficial Savings Bank in Willingboro.
January 20, 2016 |
Penn State coach James Franklin rounded out his staff for the 2016 season, announcing Monday the hiring of former Illinois co-defensive coordinator Tim Banks as the team's co-defensive coordinator and safeties coach. Banks, who spent the last four years at Illinois and has 20 years of coaching experience, is the third new hire by Franklin since the end of the regular season. He joins offensive coordinator Joe Moorhead and offensive line coach Matt Limegrover. Franklin and Banks worked together on the Maryland coaching staff in 2003 and 2004.
January 18, 2016 |
It has been more than 80 years since an Italian immigrant named John Pia moved his family from California to Chester County and began growing mushrooms as a sharecropper. Four generations later, the Pias - specifically, Michael Pia Jr., John's great-grandson - are planting more than mushrooms in the soil of Kennett Square at the edge of Kennett Township. Their South Mill Mushroom Sales Inc. is the third-largest in the country, producing 1.3 million pounds a week, Pia said. Kaolin Mushroom Farms, their compost supply operation, serves mushroom growers.
January 16, 2016 |
William S. Latoff, 67, of West Chester, a bank executive, accountant, developer, and volunteer civic leader, died Monday, Jan. 11, of complications from non-Hodgkin's lymphoma at the Hospital of the University of Pennsylvania. Mr. Latoff was the chairman and CEO of DNB Financial Corp., a holding company whose subsidiary, DNB First, National Association, is a community bank headquartered in Downingtown with 12 branches. "Bill . . . through his vision and leadership, did so much to build and strengthen our company," said DNB Financial president William J. Hieb in a statement to employees announcing Mr. Latoff's death.
January 13, 2016 |
Gene Banks, who makes any short list of great Philadelphia high school basketball players, is working on the story of his life, writing a memoir. Banks was just getting to his beloved Duke coach, Bill Foster, when he got the word last week that Foster had died Thursday in Chicago at 86. When Banks starts talking about Foster, he really has to start at the beginning, like he did over the phone on Sunday. When Foster recruited him, Banks had no idea that the coach also was a local guy, raised in Delaware County, where Foster began coaching.
January 9, 2016 |
A federal grand jury in Wilmington has indicted the former Wilmington Trust Corp. on criminal charges, alleging the bank illegally hid hundreds of millions of dollars in land-development loans that were so delinquent that one banker called them "credit turds. " Although a number of larger U.S. banks were forced to sell themselves at bargain-basement prices as property values collapsed in the recession, Wilmington Trust is the only bank bailed out by the Troubled Asset Relief Program to face criminal charges, according to Charles Oberly, U.S. attorney for Wilmington.
December 11, 2015 |
Nearly two years after its creation, the Philadelphia Land Bank is ready to do business. Mayor Nutter on Wednesday announced the transfer of 150 property deeds owned by the government nonprofit Philadelphia Housing Development Corp. to the Land Bank, a deposit that made the bank able to carry out its mission: assemble vacant properties for development. And more deposits are on the way. An additional 500 PHDC deeds are expected to be transferred by the end of the year, and on Thursday, City Council is expected to approve the transfer to the bank of 833 city-owned properties.
November 30, 2015
W SFS isn't a radio station - it's the largest bank still based in the Philadelphia region. Lately, WSFS has been buying branches and spreading, from its Wilmington home, up the Brandywine, to the Main Line and nearby suburbs. On Monday, it agreed to pay $101 million in cash and stock for Wayne-based Penn Liberty Bank and its 11 branches, buying out 400 investors who pumped $44 million into Penn Liberty from 2004 to 2006. WSFS also bought Broomall- based Alliance Bancorp this year.