Progress Financial Corp., parent company of Progress Federal Savings Bank, Plymouth Meeting, Pa., has elected W. Kirk Wycoff as chairman of the board.

He is also president and chief executive officer of the thrift holding company and subsidiary.

Mr. Wycoff will also be president and a director of the newly formed Progress Realty Advisors Inc. subsidiary, a commercial mortgage banking and brokerage firm.

Gerald P. Plush and Wayne Griest will also be a members of the Progress Realty Advisors board. Mr. Plush is senior vice president and chief financial officer of the holding company and the bank. Mr. Griest is with Lee Financing Group Inc., Berwyn, Pa.

Robert A. Jacoby, formerly of Coopers & Lybrand, will be senior vice president of Progressive Realty Advisors. The unit will be active in originating, underwriting, structuring, and placing commercial mortgage loans on income-producing properties and owner-occupied real estate throughout the greater Delaware Valley, the holding company said.

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.