2023

Bucks Built Fund provides grants to four Bucks Co. businesses; $40,000 in grants still available

PERKASIE, Pa. (May 2023) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is continuing its commitment to grow the local economy and support area businesses by providing grants to four innovative startups. The $5,000 grants are the latest in the continued a partnership between Penn Community Bank and Doylestown-based nonprofit Startup Bucks. Recipients of Bucks Built Fund support include:

• ByeByeCry – Developed a unique sound machine designed to soothe babies with colic.
• Liquid Limbs – Designed a waterproof prosthetic shower device for individuals with lower limb loss.
• MentoMind – Created an AI chatbot to help students overcome procrastination and meet deadlines.
• So Fresh So Green Juice Co – Founded to make drinking healthy juice fun, tasty, and relatable.

In addition to this cohort, Penn Community Bank and Startup Bucks are pleased to announce their continued partnership in 2023, with an additional $40,000 in grants – up to $10,000 per business – to be awarded this fall. Bucks Built Fund grant recipients will be announced at an expo-style event designed to bring the local startup community together.

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CIO joins executive leadership team of region’s largest mutual bank

 PERKASIE, Pa. (May 2023) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has named Randy McGarry Executive Vice President, Chief Information Officer (CIO).

McGarry joins the institution with 30 years of financial services and leadership experience, most recently serving as Chief Information Officer at Malvern-based Meridian Bank. As CIO, he will oversee Penn Community Bank’s information technology, payment functions, deposit and loan operations, and project management efforts.

“With the increasing pace of technological innovation in the financial services industry, we’re excited to welcome Randy McGarry to our executive team as Chief Information Officer,” said Jeane M. Vidoni, president and CEO of Penn Community Bank. “In his role, Randy will ensure we are always focused on providing customers with an outstanding experience and fostering Penn Community Bank’s service culture.”

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Penn Community Bank teams up with Pennridge School District for student financial literacy program

Recent studies show that, three out of four of teens don’t feel confident in their financial knowledge, preventing them from building a base for future financial decision-making – from building a budget to saving from summer job.

In an effort to help build a firm foundation for local kids, Penn Community Bank has teamed up with Pennridge School District to offer a new Financial Literacy Lessons program for middle school students. With a parent’s permission, students in 6^th, 7^th, and 8^th grade at Pennridge South, North, and Central middle schools signed up to attend the voluntary financial education session during their study hall or elective period.

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Penn Community Bank honored for consecutive third year by Philadelphia Business Journal for philanthropy partnership

PHILADELPHIA, Pa. (April 2023) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce that it has once again been honored as a Faces of Philanthropy award winner by the Philadelphia Business Journal. The award – the bank’s third in three years – recognizes Penn Community Bank’s partnerships with Philadelphia-based nonprofit Clarifi to increase homeownership in the city through financial literacy grants.

“Penn Community Bank knows the impact that homeownership has on families and communities for generations. We also know that for many Philadelphians, the dream of homeownership – and the financial stability it brings – is too often out of reach. Teaming up with Clarifi in this award-winning partnership to increase homeownership in Philadelphia – and specifically communities of color – is a natural fit with our mission and commitment to developing thriving communities,” said Jeane M. Vidoni, president and CEO of Penn Community Bank. “We’re pleased to once again be recognized by the community as a champion for philanthropic efforts across the region, and proud to be honored alongside Clarifi for this partnership.”

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Leading mutual bank named in Philadelphia Inquirer’s 2023 Top Workplaces list

 PERKASIE, Pa. (April 2023) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has once again been named a Top Workplace by the Philadelphia Inquirer. The annual list of Delaware Valley employers recognizes businesses of all sizes and industries based on a variety of factors, including organizational alignment, strategic execution, and employer-employee connection.

“Our team members drive the important work our institution does each day in communities throughout the region. We take pride in our corporate culture and are committed to living out our mission-based brand in everything we do. This recognition highlights the continued impact of that effort,” said Jeane M. Vidoni, president and CEO of Penn Community Bank. “

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Home Opportunity Mortgage supports modest-income homebuyers across the region

 PERKASIE, Pa. (April 2023) – Building upon its 150-year history of helping individuals and families achieve the dream of homeownership, Penn Community Bank today announced its Home Opportunity Mortgage program.

The new Special Purpose Credit Product ensures fair, affordable access to housing from the Lehigh Valley to Philadelphia and everywhere in between, by providing modest-income borrowers – or those purchasing in low- and moderate-income areas – a unique lending option which includes:

• $0 down payment,
• No minimum FICO credit score,
• No Private Mortgage Insurance (PMI),
• Competitive rates
• Reduced closing costs, and
• Access to homebuyer education and grant programs.

“As the largest mutual bank in eastern Pennsylvania, we know what it takes to build strong communities,” said Jeane M. Vidoni, Penn Community Bank President and CEO. “Our new Home Opportunity Mortgage continues our commitment to empowering individuals and families on their homebuying journey and seeks to remove barriers that too often keep homeownership out of reach.”

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