PHILADELPHIA Sb1 FCU, the former SmithKline employees’ credit union, announced this afternoon it hired Robert Werner, chief operating officer of Two River Community Bank in nearby Middletown, N.J., as president and CEO of the $600 million credit union.
Werner is succeeding Tom Swierzy, who is retiring in July after serving 31 years as CEO of Sb1, now a community charter serving part of Philadelphia.
Werner has over 25 years managerial experience in financial services and previously served as chair of the Community Lenders CDC and chair of the Pennsylvania Bankers Association Service Corporation. Two River Community Bank has $700 million in assets.
Swierzy, 62, took over the credit union when it had just $2.5 million in assets.
The one-time pharmaceutical workers credit union recently converted to a community charter serving about 640,000 residents of Philadelphia.
