2022

Penn Community Bank, Startup Bucks honored by Philadelphia Business Journal for Economic Development Partnership

PERKASIE, Pa. (April 2022) – Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, is pleased to announce that it has been honored as a 2022 Faces of Philanthropy award winner by the Philadelphia Business Journal. The award recognizes the bank’s work with Startup Bucks on developing and supporting local business as a “difference-making partnership” between a local business and a nonprofit organization. This is the second straight year the bank has been recognized for its community efforts.

“At Penn Community Bank, we believe in the power of Greater Good Banking. That means more than just being a financial services provider – it means finding new and innovative ways to help businesses grow and thrive,” said Jeane M. Vidoni, president and CEO of Penn Community Bank. “We’re proud to once again be recognized for our community partnerships. Working with Startup Bucks is a natural fit with our mission and expertise, and will truly empower the region’s next generation of businesses.”

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PERKASIE, Pa. (February 2022) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce the hiring of Sam Weller as Assistant Treasurer and Investment Officer.

“Penn Community Bank is committed to attracting and retaining top talent in every facet of the financial services industry. Sam brings a wealth of experience to our team and will continue to ensure the bank and its customers are best positioned to thrive in the years to come,” said Dorothy Jaworski, Penn Community Bank Director of Treasury and Risk Management.

In his new role, Weller will manage Penn Community Bank’s $750 million investment portfolio, as well as help oversee interest rate risk and work with pricing and funding.

Weller has 15 years of industry experience, most recently serving as Director of Capital Markets. He is a United States Army veteran and a graduate of the United States Military Academy (B.S.) and the University of Texas McCombs School of Business (M.B.A). Weller lives in Phoenixville, PA with his wife and three children.

About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking, lending and investments at 20+ bank financial centers and three administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.

PERKASIE, Pa. (January 2022) – Jeane M. Vidoni, president and CEO of Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has been appointed by the Federal Reserve Board of Governors to serve as vice chair of the Community Depository Institutions Advisory Council (CDIAC).

CDIAC advises the board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift institutions, and credit unions serving on local advisory councils at the 12 Federal Reserve Banks. CDIAC meets twice a year with the Federal Reserve Board in Washington, D.C.

“Community bankers have their fingers on the pulse of our local economy and understand the impact of national policy on the businesses and customers we serve. As chair of the Federal Reserve Bank of Philadelphia’s CDIAC – and now with an expanded role as the vice chair of the national council – it’s my duty to ensure that decision makers understand the economic and business trends facing community depository institutions here, and around the country,” said Vidoni. “I am honored to have the opportunity to advocate for community banks, local businesses, and our customers by lending my voice to the Fed’s policymaking process.”

Vidoni has been a member of the Federal Reserve Bank of Philadelphia’s CDIAC (Third Federal Reserve District) since 2016, serving as chair since 2020.

In addition to CDIAC, she is an active leader in the Pennsylvania business and financial community, donating her time and leadership talents to several industry groups, including as Pennsylvania Member Director on the board of directors of the Federal Home Loan Bank (FHLB) of Pittsburgh, which supports homeownership programs throughout Delaware, West Virginia, and Pennsylvania. Locally, Vidoni is a member of the Bucks County Workforce and Economic Development Board, past president of the board of directors of the Central Bucks Chamber of Commerce, member of the advisory council of Habitat for Humanity of Bucks County, and on the board of directors of the United Way of Bucks County. A graduate of Muhlenberg College, she holds an MBA from Saint Joseph’s University.

About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking, lending and investments at financial centers and administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.

PERKASIE, Pa. (January 2022) – Penn Community Bank, the largest mutual bank in eastern Pennsylvania, has raised its base pay rate to $17 per hour for all positions effective immediately. The compensation adjustment impacts all new hires and 10% of existing team members. In addition, another nearly 80 team members will receive base pay increases due to pay compression that occurs because the minimum wage has been increased.

“As a values-driven community bank, and as one of the largest employers in Bucks County, we know the important role our team members play in growing the local economy. Increasing our compensation reflects this work and helps us attract and retain top talent,” said Georgann Berger McKenna, Chief Human Resources Officer.

With over 300 team members throughout Bucks and Montgomery counties, Penn Community Bank was recognized as a top place to work by the Philadelphia Inquirer in 2021. In addition to competitive salary and extensive benefits, the organization prides itself on a corporate culture based on real relationships that help every team member recognize and reach their growth potential.

To learn more about Penn Community Bank and employment opportunities, visit PennCommunityBank.com/Careers.

About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking, lending and investments at financial centers and administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.