2 smaller banks pull ahead

Article Abstract:

Commerce Bank and Citizens Bank, two banks that aggressively pursued consumers and small-business customers, have gained market share from larger banking companies in the Philadelphia area. Citizens Bank has credited expanded weekend hours, incentive pay for employees signing new customers, government-subsidized Small Business Administration loan programs, and name recognition from its $90 million investment in the Phillies' ballpark for its growth.

Commercial Banks, Market share, Services information, Personnel administration, Banking industry, Services, Compensation and benefits, Employee incentives, Company market share, Citizens Bank of Americus, Commerce Bank

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Sunoco hopes marketing will fuel resurgence

Article Abstract:

Sunoco recently announced at a Philadelphia Securities Association luncheon that the company will not meet its earning projections for the year. The company has had setbacks that the company assured the investment brokers would not severely impact the company. The company has also change its logo, as part of an effort to concentrate on marketing. Sunoco's A-Plus convenience stores will also be redesigned.

Sales, profits & dividends, Petroleum, Petroleum and Coal Products Manufacturing, Organizational nomenclature, Sunoco Inc.

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Reliance bailout costs are targeted

Article Abstract:

A proposed bill in the Pennsylvania Senate would shift some of the growing costs for the Reliance Insurance company's costly bailout to its former corporate and nonprofit customers. It is reported that the bill concerns the fate of $400 million in commercial insurance deductibles.

Financial management, Management dynamics, INSURANCE CARRIERS, Management, Finance, Insurance industry, Company business management, Company financing, Reliance Insurance Co.

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