A Philadelphia-area thrift is becoming one of the first companies to take advantage of a new enterprise zone, moving its headquarters closer to the commercial customers it's pursuing.

The move to downtown Norristown, a small city in fast-growing Montgomery County, is Commonwealth Bancorp's attempt to save money and at the same time reach what an executive called "the heart of its franchise."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.