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United Savings Bank
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location iconPhiladelphia, Pennsylvania
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United Savings Bank's first seeds were planted on May 29th, 1912 when the Southwestern Businessman's Building & Loan Association opened its doors in South Philadelphia. Eleven years later, on August 17th, 1923, it would become Albert Lawrence Building & Loan Association with its home office at 21st & Wharton. With over twenty years at the bank John Nigrelli, Jr continues the tradition of steady leadership at United Savings Bank, and with the opening of its Media branch in 2007, a commitment to expand its footprint and bring community banking to you and your neighbors.

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Commercial Banks
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United Savings Bank - Recent News & Articles

The Stablecoin Revolution in Remittances

Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—are rapidly reshaping the global remittance landscape. For South and Southeast Asia, where remittances are a major economic li...

Source: Finextra

Goldman Sachs tops estimates as traders generate $840 million more revenue than expected

Goldman Sachs on Wednesday posted results that topped expectations as its trading operations generated $840 million more revenue than analysts had expected. Here’s what the company reported: -Earning...

Source: CNBC

The End of Average: AI Is Rewriting the Rules of Digital Banking CX

In 2024, banking crossed a critical threshold. No longer satisfied with being simply digital and inspired by interactions with Chat GPT, customers began demanding something deeper—experiences that und...

Source: Finextra

Calpers deepens private equity exposure after strong $556.2bn performance year

Calpers is expanding its private equity portfolio following its strongest fiscal year since 2021, reporting an 11.6% return and reaching $556.2bn in total assets under management, according to a repor...

Source: Private Equity Insights

JPMorgan Chase tops estimates on stronger-than-expected trading, investment banking

JPMorgan Chase on Tuesday topped analysts’ estimates on better-than-expected revenue from fixed income trading and investment banking. Here’s what the company reported: - Earnings: $5.24 a share, may ...

Source: CNBC

Bank of England governor warns against private stablecoin issuance

Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins. Stablecoins introduce systemic risks to banking institutions that could destab...

Source: Cointelegraph

Bilt hits $10.75bn valuation

Neighbourhood loyalty platform Bilt has raised $250 million in primary funding, sending its valuation soaring to $10.75 billion. The round was led by General Catalyst and GID with further investment f...

Source: Finextra

Bank of Korea keeps rates steady as it assesses measures to cool Seoul’s housing market

The Bank of Korea noted a “significant acceleration in housing prices in Seoul.” The central bank is, however, expected to cut rates in its next policy meeting as measures to cool the housing market i...

Source: CNBC

Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle

Robinhood's tokens offering exposure to OpenAI are not actual equity but are backed by a special purpose vehicle. OpenAI has stated that any transfer of equity requires their approval, which has not b...

Source: Coindesk

China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens

China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline since July 2023. The consumer price index edged 0.1% higher in June from a year ago, beating the estimates...

Source: CNBC