Beneficial Bancorp in Philadelphia has hired a former Susquehanna Bank executive as a consultant.
The $4.8 billion-asset holding company for Beneficial Bank said it hired Robert Whalen as a business development consultant. Whalen will work with senior leadership to continue Beneficial's growth and manage the bank's increase in business, especially in commercial lending, the company said in a news release.
Whalen was the founder, chairman and chief executive of Founders' Bank, which was sold to Susquehanna Bank in 1997. After the acquisition, Whalen worked as a senior executive vice president at Susquehanna.
Beneficial in December completed its conversion to a wholly stock-owned company from a thrift that was majority-owned by a mutual holding company.