First Resource Bank, which has branches in Exton and West Chester, announced financial results for the three months ended June 30.
Highlights for the second quarter of 2017 include:
- Net income was $417,701, an increase of three percent over the first quarter of 2017 and 37 percent over the second quarter of 2016
- The net interest margin expanded from 3.70 percent in the first quarter to 3.87 percent in the second quarter
- Total checking deposits grew 12.4 percent
- Sold $4.1 million in common stock
“Not only was the second quarter of 2017 the highest quarterly net income in the bank’s history, those record results were attained without the benefit of any gains on sale of SBA loans during the quarter,” said Glenn B. Marshall, First Resource’s President and CEO. “The ongoing core profitability of the bank, coupled with new growth capital, positions us well for the future.”
Bernardon – a full-service architecture, interior design, and landscape architecture design firm – is relocating its Kennett Square office to 10 North High Street in West Chester.
The new office is located adjacent to the Historic Chester County Courthouse, on the block between Gay Street and Market Street. The team placed a high priority on location for the new office, selecting a prime spot in the heart of the downtown shopping and dining district and within minutes of Route 202 and multiple downtown parking facilities.
“We are thrilled to have our new office in the county seat,” said Kerry R. Haber, Bernardon’s President. “Our new office will allow us to better serve our clients and will provide a top-notch design environment for our current and future team members.”
An open house is planned for the West Chester office this fall.
Working Mother magazine released its 2017 list of the 50 Best Law Firms for Women, identifying U.S. firms with the best practices in retaining and promoting women, writes Melissa Wylie for the Philadelphia Business Journal.
Fox Rothschild, which has an office in Exton, is one of three Philadelphia firms that made the list.
The winning firms lead the industry in supporting flexible work options and generous paid parental leave, according to Working Mother. Compared to last year, the number of weeks of paid maternity, paternity, and adoption leave increased by one week at the top firms.