PERKASIE, Pa (November 2022) โ Penn Community Bank, the largest mutual bank in eastern Pennsylvania, today announced additional executive promotions as part of its latest organizational realignment.
- Randy Stradling joins the executive team as Chief Credit Officer and will oversee the bankโs credit culture, as well as manage the quality of the lending portfolio.
- Stephanie Schwartzberg, an existing part of the executive staff, has been named Chief Legal & Risk Officer. She will continue to oversee legal, with expanded responsibility for Compliance, IT Compliance, and Trust.
โAs we emerge from the pandemic and adjust to the new realities of team member and customer expectations, a transitioning economy, and the continuation of our long-term planning, it was clear we must continue adapting at every level, including the Executive Leadership Team,โ said Jeane Vidoni, president and CEO of Penn Community Bank. โOur executive realignment โ including the promotion of Randy and Stephanie โ seeks to further break down silos to foster a collaborative and cross functional team that will help us achieve a level of synchronization that is essential now, and for years to come.โ
The roles officially begin January 1, 2023.
Previously announced moves include:
- Bernard Tynes has been named EVP/Chief Marketing & Impact Officer and oversees the organizationโs marketing and community relations strategy โ including its charitable giving of 5% of its net income to area nonprofits and community groups โ to ensure Penn Community Bankโs products, services, and resources are available throughout the region.
- Bob Coffin has been tapped to lead efforts to ensure upward mobility for everyone in the region โ not just those traditionally served by financial institutions as the bankโs EVP/Chief Quality Management Officer. In addition to supporting credit responsibilities, heโll oversee special initiatives centered on Fair Lending practices and build upon the bankโs foundational mutual structure to ensure it fulfills its values-driven brand promise.
About Penn Community Bank: Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking and lending services 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.
