Business Notes

Michael Maiorino joins First Bank Bank Executive Set To Lead New Asset-Based Lending Group

First Bank announced today that it has hired bank executive Michael Maiorino to lead its new specialty financing group that will provide more options for business owners and entrepreneurs.

Maiorino joins First Bank as its new president of the asset-based lending unit, which will source new business throughout the Bank’s market. He has worked in specialty financing since the 1980s, building out similar businesses for several banks. He has held positions as Executive Vice President and President of People’s United Business Capital, Executive Vice President and Division President of Sovereign Business Capital, as well as Division President at Fleet Capital, which is now Bank of America Business Capital, responsible for the Business Finance Division.

Bucks Beautiful -Tree-mendous Pledge

Bucks Beautiful is a grass roots non-profit that coordinates events, community projects, educational programs and partners with local organizations to develop sustainable and attractive landscapes that foster a healthier environment. Since 1990 we have worked to enhance the environment for residents and visitors alike by beautifying towns, schools, parks, roadsides and pathways throughout Bucks County.

Replant Bucks

We’re leading the way in local reforestation. Damage from storms, disease and insects on the tree canopy has been devastating. With support from community partners we continue to plant native trees at parks, historical sites, schools and non-profit facilities. Donations are welcome to reach the goal of planting 10,000 trees for future generations.

Asset-based lending is a specialized area of banking that provides fully collateralized credit facilities to borrowers. Lines of credit and term loans provide a flexible source of working capital by monetizing assets on the borrower’s balance sheet. Strong controls and close monitoring are essential features of the service.

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Congratulations to our hometown team, the Philadelphia Eagles, for a phenomenal season! Thanks to the Bucks County Herald for hosting two pep rallies in the heart of Doylestown to show our Philly pride.

Celebree School Of Warrington

Congratulations to our Central Bucks Chamber of Commerce Member, Celebree School of Warrington, who officially opened to serve the community and bring exceptional childcare to the area. Although their groundbreaking event was in June of 2022, Celebree School’s ribbon cutting took place on December 15, 2022.

Nita Solanki, owner and operator, was joined by the Celebree corporate team, members of the CBCC, family, friends, and others involved in the project to mark this momentous occasion.

Best wishes for many years of success!