Meridian Bank Company Report

Company Overview

• Name: Meridian Bank

• Mission: Empowering entrepreneurs by providing innovative financial solutions with a focus on high-touch service and resourcefulness.

• Founded: 2004

• Founder(s): No information is available

• Key People:

• Chris Annas, Chairman & CEO

• Other notable appointments include:

• Patrick Hart, Senior Vice President, Commercial Lending

• Chris McDermott, Senior Vice President, Commercial Lending

• Jim Malloy, Senior Vice President, Commercial Lending

• Christine M. Helmig, CPA, Board of Directors

• Headquarters: Malvern, PA, USA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Meridian Bank is known for its high-touch approach to commercial lending, business and industrial lending, retail and commercial real estate lending, and a broad menu of high-yielding depository products. It is distinct for investing in technology and people rather than branches, allowing for operational efficiencies and strong digital security measures.

Products

• Business Banking

• Products Offered: Business loans, SBA loans, commercial real estate lending, cash management, and Meridian equipment finance.

• Key Features:

• Specialization in business and industrial lending.

• Access to SBA loans, providing capital without sacrificing equity.

• Personal Banking

• Products Offered: Checking and savings accounts, certificates of deposit, home mortgages, private banking, and wealth management.

• Key Features:

• Digital banking with an emphasis on security and fraud prevention.

• Credit Cards

• High-Level Description: Credit cards designed to fit various business needs.

• Key Features:

• Mastercard® benefits

• Customizable spending limits

• ERP integration for purchasing cards

• Certificates of Deposit

• Rates Provided:

• 4.45% APY for a 6-month CD

• 4.00% APY for a 13-month CD

• 3.85% APY for an 18-month Rate Boost CD

Recent Developments

• New Partnerships:

• Collaborated with Corserv to launch a business credit card program catering to business and commercial customers.

• Recent Appointments:

• Christopher E. McDermott and Patrick Hart were appointed as Senior Vice Presidents, Commercial Lending.

• Jim Malloy appointed to lead commercial lending in Sarasota.

• Christine M. Helmig, CPA, appointed to the Board of Directors.

• Office Expansion:

• Opened a new business office in Bonita Springs, Florida, in August 2022.

• Recognition and Awards:

• Named the top SBA lender in Eastern Pennsylvania in 2023.

• Recognized as a top-performing community bank by the Independent Community Bankers of America in 2022.

• Received accolades for being a top-performing publicly traded community bank by American Banker.

• Community Involvement:

• Supported the opening of Chester, PA's first all-ages community center in October 2022.

_Note: Some requested fields of information were not available in the provided data._