Banking / Financial

Pennsylvania Bank Opens Its First NJ Business Center

Scranton-based Peoples Security Bank & Trust Company (“PSBT”) has opened its first business center in New Jersey, located at 444 Hoes Lane, Ste. 301, Piscataway, making a large-scale commitment in servicing the state’s small business owners, according the financial institution.

PSBT will offer an array of commercial and retail loan options for new and existing customers. The bank’s services will not be limited to customers in the immediate area, but rather extend throughout the entire state. Its establishment also represents a pivotal move for PSBT regarding its strategic organic growth plans to network outside of its Pennsylvania and New York-based geographic roots.

“Peoples Security Bank & Trust is excited to expand our full-service operations to New Jersey. Customers deserve to have a reputable and reliable financial institution like Peoples Security Bank & Trust that harmoniously unifies banking and business, and experienced banking professionals who are capable of enhancing our evolving services,” said Neal Koplin, senior executive vice president – chief banking officer. “From complex commercial loans to home mortgages, the bank is equipped to manage the unique needs of our expanding customer base.”

Established in 1905 and headquartered in Scranton, Peoples Security Bank & Trust, a 5-Star Superior Ranking recipient from BauerFinancial, Inc. since 2014, is one of the largest independent community banks in eastern Pennsylvania. With a footprint stretching from suburban Philadelphia to Binghamton, New York, the bank and its 28 full-service branches serve Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Susquehanna and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey, and Broome County in New York.

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