PERKASIE, Pa. (January 2022) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has raised its base pay rate to $17 per hour for all positions effective immediately. The compensation adjustment impacts all new hires and 10% of existing team members. In addition, another nearly 80 team members will receive base pay increases due to pay compression that occurs because the minimum wage has been increased.
“As a values-driven community bank, and as one of the largest employers in Bucks County, we know the important role our team members play in growing the local economy. Increasing our compensation reflects this work and helps us attract and retain top talent,” said Georgann Berger McKenna, Chief Human Resources Officer.
With over 300 team members throughout Bucks and Montgomery counties, Penn Community Bank was recognized as a top place to work by the Philadelphia Inquirer in 2021. In addition to competitive salary and extensive benefits, the organization prides itself on a corporate culture based on real relationships that help every team member recognize and reach their growth potential.
To learn more about Penn Community Bank and employment opportunities, visit PennCommunityBank.com/Careers.
About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking, lending and investments at branches and administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.