Member's Corner

Good Things Happening at Fitzpatrick Lentz & Bubba, P.C.

According to the 2012 annual survey conducted by The Legal Intelligencer, Fitzpatrick Lentz & Bubba, P.C. (FLB), was the 88th largest law firm in Pennsylvania, with 28 attorneys. FLB was also listed among Pennsylvania’s best firms for hiring and retaining female attorneys: the Firm ranked 23rd in the Commonwealth for its ratio of female attorneys. The Firm’s nine female attorneys comprised 33.33% of the firm’s total number of attorneys. Statewide, the average ratio is 28.5%.

In 2012, Fitzpatrick Lentz & Bubba (FLB) secured tax assessment valuation reductions of $24,467,000.00, resulting in estimated tax savings for our clients of over $1.25 million annually.  In many instances, our attorneys obtained these results at the administrative level, without the need for litigation. FLB represents taxpayers at all levels of the Pennsylvania courts and has filed a number of court appeals this year. Some of those matters have now been resolved favorably for the taxpayers.

Fitzpatrick Lentz & Bubba, P.C., is a full-service law firm providing quality legal services in real estate, land use, business, commercial litigation, health care, estate planning & taxation, employment, bankruptcy, family law and related areas. The law firm has been named Who’s Who in Business Lehigh Valley each year since 2008, and has been named one of the Best Places to Work in PA 2010- 2012. Founded in 1988, FLB celebrates its 25-year anniversary in 2013.


Carroll Engineering Corporation Turns 40

Carroll Engineering Corporation (CEC), one of the largest civil engineering firms in the Greater Philadelphia Area, celebrates 2013 as its 40th year providing quality engineering and surveying services to clients throughout the Pennsylvania and New Jersey area.

"What began as a small group of professional engineers and surveyors committed to offering public and private customers a new level of excellence in engineering has now blossomed into 90 employees, four offices and 40 years of success," said Ken Heydt, P.E.,President of CEC.

"Each decade, and each step of the way in our history we’ve grown as a company," said Heydt. "That’s something that I and other members of the firm’s leadership are most pleased about."

The company provides highly regarded professional services to a wide range of clients in the region. All CEC’s departments serve as valuable resources to each other, with services available seamlessly to clients in the public and private sector.  CEC protects the interests of its clients and believes prevention is still the best problem solver in engineering.

"Our number one resource that we pride ourselves on is our employees," said Heydt. "Day-in and day-out our employees go above and beyond to meet our clients evolving needs."

CEC will be hosting a 40th anniversary celebration later in the year for its clients, employees, consultants and community partners.  CEC will also be launching a new website later this month in conjunction with the anniversary.

Carroll delivers highly-regarded professional services to a wide range of public, private, authority and municipal clients in the region. All of our departments serve as valuable resources to each other, with our services available to clients in both the public and private sector. We also protect the interest of our clients and believe prevention is the best way to solve problems. We’re focused on identifying and eliminating potential problems and always take an innovative design approach.  For more www.carrollengineering.com


First Federal of Bucks County President and CEO Bruce Iacobucci Retires and Jeane Coyle Takes the Helm

Bruce IacobucciBruce IacobucciFirst Federal of Bucks County, a federally chartered mutual savings bank serving businesses and individuals in Bucks, Philadelphia and Montgomery counties since 1885, announced that Bruce Iacobucci, President and CEO will retire at the end of June 2013. Jeane M. Coyle (nee Vidoni), the bank’s Executive Vice President and Chief Administrative Officer, and a 30-year financial industry veteran, will become the next President and CEO and the bank’s first female leader.

Iacobucci started working in banking in 1970 with Provident National Bank after graduating from Haverford College. Before joining First Federal of Bucks County in October 2006, he spent many years at various banks — several of which merged — as a commercial lender and retail banker. 

Bruce has led us to a platform of stability and performance that the bank has not seen before, said Coyle. We have grown significantly under Bruce’s leadership. In each of the past three years, we achieved record net profits while growing the bank.”

Jeane M. CoyleJeane M. CoyleBecause First Federal of Bucks County is a community bank, it “can provide the fast, responsive, personal service that our customers expect and deserve, Iacobucci said. At the same time, we are able to match the larger commercial bank products and services, including Internet banking and remote deposit services, often at a lower cost.” 

The bank’s consistent approach to lending has resulted in a strong loan portfolio and a significant capital base that provides the safety and soundness customers expect from a bank.

First Federal of Bucks County enters 2013 with a strong equity to asset ratio, a quality loan portfolio and an improving mix of deposits. The bank is committed to providing exemplary commercial lending and small business services with professional bankers who practice serving customers as opposed to selling them, Coyle said.

I am thankful to work with an amazing team of bankers, professionals and customers at First Federal of Bucks County and don’t plan on going far,”said Iacobucci. I look forward to serving an important role for the bank’s commercial customers as a member of the Board Loan Committee.”

Coyle will take over as President and CEO on July 1, 2013. Her vision for the bank is to continue to serve as an important part of the Bucks County community, to continue to provide convenience and value for the bank’s business and individual customers, to maintain profitability for long-term growth and sustainability as a local bank and employer, and to continue to give back to the community.

Jeane was unanimously chosen as the next President and CEO, said Iacobucci. We are all confident that Jeane, the supporting management team and board of directors will continue to guide First Federal of Bucks County into another era of success.”

As a community bank, First Federal of Bucks County also donates up to 5 percent of its net income to charitable organizations in Bucks County. In fact, Iacobucci serves on the board of the United Way Bucks County and is its campaign co-chair and Coyle serves as the co-chair of the self-sufficiency panel.

About First Federal of Bucks County 

Founded in 1885, First Federal of Bucks County, with $658 million in assets, operates 11 offices throughout Bucks County. Because it is a Federally Chartered Mutual Savings Association, the bank is not publicly traded and is owned by the Association’s customers. The mission of First Federal is to serve businesses and individuals in Bucks County and the surrounding counties – and to be an integral part of the community. For additional information, visit us at www.firstfedbucks.com.


44 Business Capital Announces New Senior Vice President for the Maryland, DC and Northern Virginia Region’s SBA Loan Program

The partners of 44 Business Capital LLC, Philadelphia’s #1 SBA lender, announce that Jeff Peisach, CPA of Owings Mills, Maryland has recently been hired as Senior Vice President and SBA Loan Officer for the Maryland, Washington, DC, Northern Virginia market of 44 Business Capital. Peisach most recently served as Vice President and Business Development Officer for SunTrust Bank’s SBA division. A graduate of the University of Maryland, Jeff has held a variety of financial positions at GE Capital, Spectrum Finance and Butler Capital Corporation. Previous to his work in small business finance, Peisach was co-founder of Ms. Desserts, INC, manufacturer, distributor and retailer of gourmet dessert products. Jeff will be responsible for developing the newly-expanded territory for 44 Business Capital. 

Last year we expanded direct SBA lending to Northern Virginia, Washington DC, Baltimore, Maryland and the state of Delaware, said Greg Poehlmann, President of 44 Business Capital. And now we are excited to introduce our new loan officer for this territory, Jeff Peisach. Similar to the principals of 44 Business Capital, Jeff has experience as a small business owner and understands the issues facing small businesses today. His background is ideal to fit the culture of 44 Business Capital where we kick the tires, listen to the story,
understand the business and make a quick decision.” 

Additionally, Jeff has extensive experience with the SBA loan programs, and is tuned into the small business community in Maryland, Washington DC and Northern Virginia. 

44 Business Capital LLC, headquartered in Blue Bell, Pennsylvania is a direct lender leveraging the U.S. Small Business Administration’s 7a loan program giving small businesses greater access to capital. Recent loans range from $500,000 to $5,000,000 providing financing for debt refinancing/restructuring, real estate and business acquisitions.  

44 Business Capital is a preferred SBA direct lender serving Philadelphia, Pennsylvania, New Jersey, Delaware, Baltimore MD, Northern VA, Washington DC, and Florida. For further information, please contact 44 Business Capital at 215.985.4400 or online at www.44businesscapital.com. The main office is located in Montgomery County at 1787 Sentry Parkway West, Suite 210 Building 16, Blue Bell, PA 19422. 


PECO Invests $4.8 Million in Preventative Tree Pruning in Bucks County

PECO is investing about $4.8 million in preventative tree pruning along 764 miles of aerial electric lines in Bucks County to improve electric service reliability for more than 59,000 customers. Work began in mid-March and will continue through September. Preventative pruning around aerial power lines is vital to providing reliable electric service since vegetation causes about one-third of all electric outages. 

Pruning will be performed in the Townships of Bedminster, Buckingham, Doylestown, New Britain, Newtown, Northampton, Plumstead, Solebury, Warminster, Warwick, and Wrightstown, and the Boroughs of Doylestown, Dublin, Ivyland, and New Hope.

Our goal is to reduce the frequency of tree-related outages and keep the lights on for our customers, said Alex Brown, manager of Vegetation Management. Preventative maintenance programs like tree pruning and other vegetation management play key roles in providing the safe and reliable electric service our customers expect.”

In 2013, PECO will invest approximately $33 million in its vegetation management program, which includes tree pruning and other vegetation removal around approximately 2,700 miles of aerial power lines on the electric distribution and transmission system across the service territory. The program also involves annual patrols of the system and pruning or clearing on a cyclical basis.   

PECO’s vegetation management crews are trained in proper arboricultural pruning techniques, which are defined in the American National Standards Institute (ANSI) A300 Standard. This standard takes into account the type and location of the tree in relation to the overhead wires and the health of the tree. PECO notifies property owners prior to work beginning in each community. Areas where line clearance work is completed experience fewer outages and a significant improvement in electric reliability.  

Customers with questions should call 1-800-311-6345, ext. 915 for more information, or visit www.peco.com and click on the Trees and Powerlines link under the Customer Service/Service Request tab on the homepage. 


NAI Summit Continues to Support in 2013

Each month NAI Summit holds a Jeans Day for a Cause. This is a fundraiser in which NAI Summit donates money or items to worthy causes recommended by individual employees. 

In February, NAI Summit held a jeans day for the Girl Scouts. The project was called Operation Cookies from Home, which is a Council-wide project where Girl Scouts can sell cookies that will be sent to military personnel around the world. For more information, please visit www.gsep.org/cookies/operation-cookies-from-home.php.

In March, NAI Summit employees donated money to Big Brothers Big Sisters as well as put together a team to play at the Bowl for Sakes event on March 3rd at AMF Parkway Lanes in Allentown, PA. Big Brothers Big Sisters is one of the oldest and largest youth mentoring organizations in the United States. It is a non-profit association whose mission is to help children reach their potential through professionally supported, one-to-one relationships with mentors. For more information, please visit www.bbbs.org.

NAI Summit is the Greater Lehigh Valley’s only full-service commercial/industrial real estate firm servicing Eastern Pennsylvania. Founded in 1982, NAI Summit has consistently maintained the highest volume of commercial transactions by utilizing an extensive network of professional affiliations. NAI Summit provides comprehensive services in acquisitions and disposition, leasing, representation of owners and tenants, investment sales, development, asset management, property management, facilities management, residential management, corporate services, build-to-suit leaseback management, consultation, advisory services and research. To learn more, visit www.naisummit.com.


Philadelphia’s New Real Estate Powerhouse

Newmark Grubb Knight Frank and Newmark Knght Frank Smith Mack have united to create Philadelphia’s dominant commercial real estate operation. Supported by their robust national platform and global reach, the firm’s deep roots in the Philadelphia region ensure the most informed service delivery to clients locally, and beyond.

Bringing together a seasoned team of over 100 local professionals, a comprehensive roster of services, and the strength of their proprietary research, Newmark Grubb Kinght Frank is positioned to cover every base for their clients.

James F. Thackray, Director, Newmark Grubb Knight Frank
1000 Continental Drive, Suite 150, 
King Of Prussia, PA 19406-3114