December 24, 2011 |
Astonishing in its animus and its initially enormous damage claims, litigation between two of the region's economic heavyweights - Citizens Bank of Pennsylvania and developer Brian O'Neill - is over. Accompanying word of a settlement from O'Neill and the bank Friday was O'Neill's enthusiastic pronouncement that his long-stalled Uptown Worthington mixed-use development near Malvern - which stood at the center of the nearly two-year-long dispute - would soon rumble with new construction.
December 23, 2011 |
Citizens Bank of Pennsylvania and developer Brian O'Neill of O'Neill Properties Group have announced a settlement of all litigation between them. The terms and conditions of the settlement are confidential. O'Neill, one of the Philadelphia region's most prolific developers of residential and commercial properties, had filed a lawsuit against Citizens, one of his company's primary lenders, in January 2010, claiming that it breached its financial commitments to him. That action was part of a deteriorating relationship between bank and developer, with Citizens Bank having secured a $61 million judgment against O'Neill in November 2009 for default on an office-construction loan for his still-largely incomplete Uptown Worthington mixed-use project in East Whiteland Township, Chester County.
December 16, 2011 |
NEW YORK - Come Jan. 2, when the Flyers and Rangers play the Winter Classic at Citizens Bank Park, the Phillies' home ballpark will be transformed into an homage to outdoor hockey. The NHL's signature regular-season event will appear seamlessly integrated into a facility specifically erected to provide an optimal baseball-viewing experience. The bulk of the preparation responsibilities fall on the shoulders of Don Renzulli, the NHL's senior vice president of events. In April, he started overseeing biweekly logistical planning meetings with about 50 people in the largest conference room on the 14th floor in the NHL's New York offices.
December 1, 2011
Standard & Poor's Ratings Services boosted its credit rating of Citizens Bank of Pennsylvania to "A/A-1" from "A-/A-2. " The upgrade also applied to RBS Citizens N.A., which has branches in New England and in the Midwest. Both banks are owned by Citizens Financial Group, of Providence, R.I., which is a subsidiary of the Royal Bank of Scotland Group p.l.c. S&P cited Citizens' improved profitability this year and the stabilization of Citizens' loan book, which includes $24 billion worth of home-equity loans from areas where it has branches.
November 22, 2011
The rematch of last season's Flyers Cup AAA championship will take place at Citizens Bank Park on Jan. 4 as part of the Winter Classic festivities. Malvern Prep announced on Tuesday that it would face La Salle at 5 p.m. at the home of the Phillies. The game will be followed by Neumann University vs. Penn State. In last year's Flyers Cup, the Explorers downed Malvern Prep, 3-2, in overtime at the Wells Fargo Center, before falling to Pittsburgh's Upper St. Clair in the state final.
November 19, 2011 |
Citizens Bank of Pennsylvania is closing nine branches in the Philadelphia region, consisting of seven in Southeastern Pennsylvania, one in South Jersey, and one in northern Delaware, a spokeswoman said Friday. The bank, which is part of Citizens Financial Group, based in Rhode Island, had 173 branches in the eight-county Philadelphia region at the end of June, the second largest number behind Wells Fargo's 187. Spokeswoman Sylvia Bronner said the closures were part of a regular process of assessing how the bank can best serve its customers economically.
October 27, 2011 |
MONTREAL - Eric Lindros will be back in Philadelphia on Dec. 31. More than a decade after his disastrous departure from the Flyers, the "Big E" said he will put aside his differences with the organization to return for an alumni game against the New York Rangers on Dec. 31 at Citizens Bank Park. The alumni game will be 2 days before the Flyers and Rangers play in the Winter Classic. Flyers general manager Paul Holmgren told ESPN.com that the team is hoping to reunite the LCB line of Reggie Leach, Bobby Clarke and Bill Barber.
October 27, 2011 |
Three Philadelphia men were charged Thursday in an aggravated identity theft and bank fraud scheme that victimized 23 individuals and six banks throughout the region. Authorities said that from December 2006 through July 2011, Lawrence Fudge, 46, Shawn Robinson, 38, and Richard Williams, 23, used stolen identification information to fraudulently withdraw, or attempt to withdraw, more than $148,00 from victims' bank accounts. The trio also allegedly obtained retail credit cards in victims' names and purchased, or attempted to purchase, goods worth more than $42,000.
October 19, 2011 |
SINCE BEING arrested in the July 2009 beating death of a man outside Citizens Bank Park, three buddies from Moe's Tavern in Fishtown had maintained their innocence. Yesterday, they pleaded guilty to causing the death of David Sale Jr., 22, of Lansdale. Francis Kirchner, 30; Charles Bowers, 37, and James Groves, 48, all pleaded guilty to voluntary manslaughter and conspiracy. Kirchner, of Palmer Street near Thompson, had been charged with first-degree murder. Groves, of Almond Street near Norris, and Bowers, of Bustleton Avenue near Devereaux, were facing third-degree murder charges.