Penn Community Bank in Doylestown, Pa., has hired Stephanie Austin as chief financial officer.
Austin started in the newly created job in February, the $1.8 billion-asset company said in a news release Wednesday.
Previously Austin served as the CFO and treasurer for the $700 million-asset Continental Bank Holdings in Plymouth Meeting, Pa., where over nine years she established and developed the finance department.
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First Savings Bank of Perkasie in Perkasie, Pa., has agreed to merge with First Federal of Bucks County in Bristol, Pa.
November 19 -
The Pennsylvania company chose to sell to a much larger bank rather than buy smaller rivals or manage assets to delay added regulatory burden. More banks could follow that example. The only thing missing is interest from regional suitors.
August 18
Penn Community also announced that Todd Hurley, the bank’s chief retail officer, was appointed the chief relationship officer and executive director of the newly created Penn Community Foundation, a division focused on partnering with community organizations.
Penn Community was created from
