To our Customers and Communities –
In these uncertain times, I take comfort in the things I am certain of: the cherished love of family and friends, the resiliency of our communities and country, and the common bonds which connect us all.
I also want you to be certain of our commitment to you, your families, your businesses, and your communities.
While we do not know the length of this situation or the extent of its disruption to families and the economy, I do want you to know, Penn Community Bank is well capitalized with strong liquidity, and is well prepared to navigate this unprecedented period.
Over the last 150 years, Penn Community Bank has seen it all. We’ve been there in the good times, and the not so good. Right alongside you. That’s what it means to be the largest, mutual bank in the region.
It’s in our DNA. Because we aren’t publicly traded and are not beholden to shareholders, we have the freedom to put the needs of our customers first in everything we do. That means we can make decisions locally and with long-term goals in mind, not short-term profits. As a community bank, we focus solely on the needs of the customers we serve. Our team members understand the needs of local families and business owners, and our local decision-making means faster, easier lending decisions – especially in times like these.
In consideration of health and safety guidelines from federal, state, and local governments, we’ve made decisions to temporarily restrict access to our branches and direct most banking services to our drive-thru windows with modified hours. However, you have plenty of options when it comes to your banking and lending needs. Penn Community Bank has long invested in robust online and mobile banking technology which provides you 24/7 access to most banking functions, like depositing checks, transferring funds, applying for a loan, and more. And for special circumstances, you can always schedule an appointment to meet with team members and do business – just contact our Customer Care Center at 215.788.1234.
It also is vitally important that the decision makers in our economy understand the rapidly changing economic trends that businesses and families are facing in this uncertain time. I will continue advocating for policies that help our communities in my role as representative for the Third Federal Reserve District on the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC), in my role as the Pennsylvania Member Director for Federal Home Loan Bank (FHLBank) of Pittsburgh’s Board of Directors and as an elected member of the Pennsylvania Bankers Association.
As president and CEO, one of the things that makes my job so special is experiencing our institution’s deep, personal connection to our neighbors and those we serve. Through all the social distancing that is the order of the day, we do not lose our closeness; on the contrary we cherish it more. It is because of this bond, I know we have the will to make it through these difficult times, together.
Sincerely,
Jeane M. Vidoni
President & CEO
Penn Community Bank
For the latest updates and information, visit Penncommunitybank.com/coronavirus-information
