Organizers of the Philly Cycling Classic on Monday announced New Penn Financial as their first major sponsor commitment.
Organizers say New Penn Financial committed to become a six-figure sponsor of the new professional cycling race to be held this year in Philadelphia.
"As we work diligently to make the Philly Cycling Classic a reality this year, their commitment will go a long way in supporting the event as well as our efforts to attract other sponsors to host this world-class event in our hometown," Richard Adler, a founding board member of the group organizing the race said in a statement.
New Penn Financial, which is headquartered in Plymouth Meeting, was founded in 2008 and operates more than 30 branch offices nationwide.
"We did not want to see Philly without its signature bike race," New Penn Financial president and CEO Jerry Schiano said. "So, when Congressman Brady took action, we reached out to him and became a sponsor."
A non-profit organization, unveiled last week, is operating the Philly Cycling Classic.
The rest of the holiday weekend continues to look warmer and unsettled. Shower and thunderstorm chances increase late Sunday and Labor Day.
The heat and humidity will continue to expand Sunday into Labor Day. There is a risk of scattered showers and thunderstorms both day. Best chance will be in the afternoon and evening.
Sunday (88/69): Clouds/Storm
Monday (90/71): Clouds/Storm
Tuesday (92/72): Clouds/Storm
Police release surveillance video of a man being shot and robbed of $70,000 in the parking lot of a supermarket in Northeast Philadelphia.
Authorities say a teenager drowned while reportedly trying to retrieve a soccer ball from a recreational reservoir in southeastern Pennsylvania.
A woman has died after being hit by three cars in Philadelphia's Logan section. Police say two of the vehicles drove off, and they're still searching for one of them.