Chester Springs, PA (PRWEB) February 14, 2012
Conestoga Bank, a full-service community bank with branches throughout southeastern Pennsylvania, has expanded to the Lehigh Valley. Conestoga Bank recently opened a loan office at 1605 N. Cedar Crest Boulevard, Allentown.
According to James Malloy, president of commercial banking at Conestoga Bank, recent changes in the banking environment drew Conestoga to the Lehigh Valley. “Now is an ideal time to expand into the Lehigh Valley, since banks that had been serving the market have either been acquired or no longer are lending because of the difficult economy,” said Malloy. “We continue to lend to businesses and the Lehigh Valley is a strong market where we can put our resources to work to grow businesses and jobs.”
Larry Ziegenfuss, senior vice president of commercial banking will lead the team of experienced Lehigh Valley lenders. He is joined by Nicole Leuthe, vice president of commercial lending, and Susan Wenner, vice president of commercial lending.
“Having an experienced team like Larry, Nicole, and Susan is a real benefit to our customers and Conestoga Bank, noted Malloy. “Larry, Nicole and Susan know the area and the challenges that business owners face in today’s economy. “Lehigh Valley business owners are looking for well-capitalized banks that are ready, willing and able to lend money to businesses. As a preferred SBA lender, we can help businesses expand, acquire and grow, which is vital to the economic recovery of the Lehigh Valley. Our team has over 80 years of banking experience in the Lehigh Valley, so they know the area and know the people they’re lending to,” Malloy added.
Conestoga Bank is a wholly-owned subsidiary of Conestoga Bancorp headquartered in Chester Springs, Pa. Conestoga Bank is a full-service financial institution, with 16 locations in Center City and South Philadelphia, Bucks, Chester, Delaware, Montgomery and Lehigh counties, specializing in commercial loans, Small Business Administration, and leasing, along with convenient personal checking and savings products.