Pennsylvania State Bank Announces Plan to Open New Branch in Downtown Harrisburg
January 22 2007 - 12:29PM
PR Newswire (US)
CAMP HILL, Pa., Jan. 22 /PRNewswire-FirstCall/ -- Pennsylvania
State Bank announced today that they plan to open a branch office
in downtown Harrisburg. The branch, slated to open in the spring,
will be located at 114 North Second Street (Second and Locust
Streets), pending final approvals. "Our Board saw it as a strategic
decision to complement our suburban offices and get us closer to
the small business niche which, as a community bank, we serve
incredibly well," said Craig L. Kauffman, president and chief
executive officer of Pennsylvania State Bank. "This new office in
the hub of the greater Harrisburg market will provide greater
convenience for our existing customers and introduce Pennsylvania
State Bank to hundreds of businesses and individuals who do not
bank with us today." "We are delighted to welcome Pennsylvania
State Bank to downtown Harrisburg," said Mayor Stephen R. Reed. "In
just a few short years of operation, the PA State Bank has already
distinguished itself as one of the foremost business and consumer
financial institutions in the Commonwealth. Their innovative
customer service and lending practices are changing the way
traditional banking is done in the Capital Region. We are very
pleased they will be offering these opportunities at a convenient
and strategic downtown location and look forward to their grand
opening." Pennsylvania State Bank currently has locations in West
Hanover, Camp Hill, Mechanicsburg, Colonial Park, Hershey and
Carlisle. For more information about Pennsylvania State Bank, go to
http://www.pastatebank.com/. With assets of $3.1 billion and
investment assets under administration of $2.8 billion, Sterling
Financial Corporation (NASDAQ:SLFI) is a diversified financial
services company based in Lancaster, Pa. Sterling Banking Services
Group affiliates offer a full range of banking services in
south-central Pennsylvania, northern Maryland and northern
Delaware; the group also offers correspondent banking services in
the mid-Atlantic region to other companies within the financial
services industry. Sterling Financial Services Group affiliates
provide specialty commercial financing; fleet and equipment
leasing; investment, trust and brokerage services; and insurance
services. Visit http://www.sterlingfi.com/ for more information.
Banking Services Group -- Banks: Pennsylvania: Bank of Lancaster
County, N.A.; Bank of Lebanon County; PennSterling Bank; and
Pennsylvania State Bank. Pennsylvania and Maryland: Bank of Hanover
and Trust Company. Maryland: Bay First Bank. Delaware: Delaware
Sterling Bank & Trust Company. Correspondent banking services:
Correspondent Services Group (provider of Sterling services to
other financial institutions). Financial Services Group --
Specialty commercial financing: Equipment Finance LLC (commercial
financing company for the forestry, land clearing and construction
industries). Fleet and equipment leasing: Town & Country
Leasing, LLC (nationwide fleet and equipment leasing company).
Trust, investment and brokerage services: Sterling Financial Trust
Company (trust and investment services), Church Capital Management,
LLC (registered investment advisor) and Bainbridge Securities Inc.
(securities broker/dealer). Insurance services: Lancaster Insurance
Group, LLC (independent insurance agency); and Sterling Financial
Settlement Services, LLC (title insurance agency). This news
release may contain forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Actual results
and trends could differ materially from those set forth in such
statements due to various factors. Such factors include costs and
efforts required to integrate aspects of the operations of the
companies being more difficult than expected, anticipated
merger-related synergies not being achieved timely or not being
achieved at all, the possibility that increased demand or prices
for Sterling's financial services and products may not occur,
changing economic and competitive conditions, volatility in
interest rates, technological developments, costs associated with
complying with laws, rules and regulations, and other risks and
uncertainties, including those detailed in Sterling's filings with
the Securities and Exchange Commission. DATASOURCE: Pennsylvania
State Bank CONTACT: Kathleen Aster Bowers, Sr. Vice President,
Director of Marketing Services, +1-717-735-4597 (office),
+1-717-475-6512 (mobile), Web site: http://www.pastatebank.com/
http://www.sterlingfi.com/
Copyright
Sterling Financial (MM) (NASDAQ:SLFI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sterling Financial (MM) (NASDAQ:SLFI)
Historical Stock Chart
From Jul 2023 to Jul 2024