Yesterday, VISTA Today highlighted Citadel’s annual report. Today the focus shifts to DNB Financial Corporation, the 155 year-old Downingtown-based institution asserting its claim to be Chester County’s oldest, largest and longest serving community bank.

DNB Financial, the parent company of DNB First, was founded in 1860 and has 10 retail branches in Chester County and three in Delaware County. With roughly 4.7 percent total market share and $605 million in deposits, DNB Financial is Chester County’s largest county-based bank.

From its cover through its twelve pages of business description, insights, testimonials and results, DNB Financial Corporation’s 2014 Annual Report speaks to DNB’s mission of prioritizing and serving its “customers and communities.”

Highlights of DNB’s stellar year as detailed by the bank’s annual report released last week include:

• Net income available to common shareholders was $4.67 million, up 24 percent from 2013’s results.

• DNB Financial’s total deposits increased to $605 million at the end of 2014, up 8.29 percent over 2013’s year-end figure.

• Total loans and leases issued by the Downingtown-based bank increased 9.69 percent to $455.6 million at year-end.

• Attractive interest rates, coupled with increased sales and marketing initiatives contributed, to a 20% annual increase in the number of consumer loans issued by the bank.

  

• In 2014, DNB partnered with Devon-based JetPay Payroll Services to offer payroll processing, tax filing and 401(k) services to the bank’s business customers.

• DNB gave more that $600,000 to a variety of local causes, community programs and non-profit organizations across Chester and Delaware Counties in 2014.

• The bank’s promotion of the benefits of electronic banking to its customers resulted in a 27% increase in e-Statement enrollment and a corresponding savings in statement processing costs.

You can read the annual report below or download a copy here.

DNB Financial 2014 Annual Report