First Financial Bank Expands into Philadelphia with New Trust Office

Strategic Insights -

First Financial Bank, a leading community bank, is taking a significant step forward in its growth strategy by opening a Trust Office in Philadelphia. This new office will operate within the Philadelphia Corporation for Investment Services (PCIS) office at One Liberty Place, marking the bank's first foray into the Philadelphia market. The Trust Office will offer a range of Personal and Corporate Trust products, as well as Investment Management and Custodial Services.

Key Takeaways:

  • First Financial Bank will open a Trust Office in Philadelphia, marking its first foray into the market.
  • The new office will operate within the PCIS office at One Liberty Place, providing a new market area for the Bank's Investment Services and Trust Division.
  • The Trust Office will offer a variety of Personal and Corporate Trust products, as well as Investment Management and Custodial Services.
  • This expansion is a significant step forward in First Financial Bank's growth strategy.
  • The new office will enable the Bank to work closer with the PCIS group, a subsidiary of Chester Valley Bancorp Inc.
  • PCIS is a securities broker/dealer and investment advisor with offices in Wayne and Philadelphia, Pennsylvania.

Statistics:

  • The new Trust Office is expected to open in January 2000.
  • First Financial Bank has received approval from the Pennsylvania State Department of Banking to open the new office.
  • The Bank's executive offices are located in Downingtown, Pennsylvania, with branches in various locations throughout the region.
  • The Company's stock is traded on the Nasdaq market under the symbol "CVAL".

Sources:

  • PRNewswire, "First Financial Bank Plans to Open Trust Office in Philadelphia" (Dec. 29)
  • First Financial Bank press release (no date provided)