New Business Banking Unit, product suite highlights mutual bank’s commitment to ‘boosting’ local businesses
PERKASIE, Pa. (May 6, 2019): As communities across the region prepare for National Small Business Week (May 5-11), Penn Community Bank is highlighting its commitment to the local businesses who drive our economy.
A program of the U.S. Small Business Administration, Small Business Week recognizes businesses with fewer than 500 employees. Small businesses create two out of every three new jobs in the United States each year, according to the SBA. In Bucks and Montgomery counties, more than 99% of all employers are small businesses, according to Small Business Development Centers Pennsylvania.
“During National Small Business Week, Penn Community Bank is proud to honor the critical contributions of the entrepreneurs and small business owners who drive the economy at a local, state and national level,” said Jeane Vidoni, President and Chief Executive Officer of Penn Community Bank. “When local businesses succeed, we all prosper – that is why we have created a new Business Banking Unit to support their growth and developed enhanced business banking products to give them the edge they need.”
Earlier this year, Penn Community Bank established its Business Banking Unit – a dedicated team of business lenders and bankers to support local businesses in Bucks and Montgomery counties. Led by Director of Business Banking, Karen Lasorda, the team includes:
- Nicole Boytin – Business Banking Relationship Manager II
- Jules DeLuzio – Business Banking Relationship Manager II
- James Westgate – Business Banking Relationship Manager I
- Rick Battaglia – Business Development Officer
- Tracey Carroll – Director of Cash Management
Additionally, Penn Community Bank recently launched account options and value-added services that help business owners make the most of their day-to-day banking. Designed to support businesses of any structure or in any industry, new checking account options include Basic Business Checking, Professional Business Checking, Community Business Checking, and Enterprise Business Checking. New savings account solutions include Business Savings, Professional Business Savings, and Business Money Market.
Along with the new account options, Penn Community Bank also developed Business Boost, a free add-on benefit package that greatly enhances the power of Professional, Community, and Enterprise Business checking accounts. Benefits include:
- A dedicated relationship manager, local business call line and agent
- Preferred interest rates on a Professional Business Savings Account
- Discounted Cash Management services
- Discounted origination fee for a PennEdge Business loan*
- A complimentary business valuation powered by BizEquity
- The opportunity to participate in our Workplace Connections and Business Spotlight programs
To learn more about Penn Community Bank’s line of business products, visit PennCommunityBank.com or call 215-788-1234.
About Penn Community: Penn Community Bank, Member FDIC, holds more than $2 billion in assets, employs more than 325 people, and offers banking, lending, insurance and investments at 25 bank branches and two 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.
*Account must be funded and meet balance requirements at time of PennEdge Loan approval.