Penn Community Bank expands to Montgomery County in merger with Chelten Hills Savings Bank
June 5, 2017 / Doylestown, PA – Penn Community Bank is excited to announce that it is bringing its full suite of financial services and its community-minded banking philosophy to Montgomery County with a proposed merger with Abington-based Chelten Hills Savings Bank. Chelten Hills had been looking for a community bank with which it could partner in order to offer its longtime customers expanded financial services and convenience. “Our customers’ financial needs have evolved a great deal since our original founding in 1910,” said W. Russell Koerwer, President and CEO of Chelten Hills Savings Bank. “Our customers today want all the convenience of modern banking services, with the personal touch that only a community bank can provide. We found the best of both in Penn Community Bank.”
“We are excited to bring our full range of financial products and friendly service to the Abington area,” said Jeane M. Coyle, President and CEO of Penn Community Bank. “At Penn Community Bank, we focus on developing long-lasting relationships with our customers; we look forward to being a trusted partner and financial resource for our new neighbors in Montgomery County for many years to come.”
Chelten Hills Savings Bank operates from one location in Abington, Pennsylvania. Penn Community Bank, which has an established network of branches throughout Bucks County, is committed to remaining in Montgomery County and is actively negotiating to enter into a lease for a new branch location that will continue to serve the Chelten Hills customers.