DNB Financial in Downington, Pa., has formed a business banking services division.
The $723 million-asset company said in a press release Friday that the unit will lend to Philadelphia-area businesses, including those in southern New Jersey and northern Delaware. The unit "will support businesses of all sizes, with an added focus on smaller clients," the release said.
DNB "understands how important small businesses are in boosting local economies," Vince Liuzzi, the company's chief banking officer, said in the release. "We are committed to providing the expertise and credit business owners need to grow and manage their businesses."
DNB also said that it had hired Nabila Sajid, formerly of Wells Fargo, as senior vice president of commercial lending.
"We are delighted to have Nabila heading up a team of commercial lenders," Al Melfi, DNB's chief lending officer, said in the release. "Her extensive experience in C&I lending will be pivotal in helping DNB serve an increasing number of businesses, and will boost our market share."