Downingtown’s DNB Financial Corporation, the parent company of DNB First has completed its purchase of East River Bank of Philadelphia.
The merger between DNB First and East River banks creates a financial institution with assets of around $1.1 billion, $764 million in loans and $841 million in deposits.
All of the East River offices will be converted to the DNB First brand next month.
“We are pleased to complete this merger of two institutions with a shared legacy of strong financial performance and community engagement,” said William J. Hieb, DNB’s president and CEO.
