First Priority Financial Corp. has appointed Mark W. Biedermann as Vice Chairman, Chief Banking Officer and Director of First Priority Bank, and Chief Banking Officer of First Priority Financial Corp.
In this role, Biedermann is responsible for the bank’s revenue-producing teams, including lending and cash management, retail banking, and business development. He will also oversee the bank’s credit department.
“In today’s highly competitive environment, it is essential to have the capability to utilize and leverage our resources effectively and profitably,” said David E. Sparks, First Priority Bank’s CEO. “Mark is a valued addition to our team because his background includes both the experience of a seasoned, large bank lending executive along with the community-bank, client-centric approach, which coincides well with our model, culture, and plans.”
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Biedermann, a Malvern resident, most recently served as Executive Vice President, Chief Lending Officer for Royal Bank America. In this executive management position, he was a key contributor to the bank’s turnaround, expanding the commercial lending function and delivering significant loan growth.
Prior to his tenure at Royal Bank, he served as Executive Vice President, Chief Lending Officer at Valley Green Bank, where he oversaw both commercial and consumer lending and credit functions. Biedermann’s career also includes senior level management and production responsibilities with National Penn Bank, PNC, and Bank of America, among others.
First Priority is also embarking on its next phase of growth, as it is expanding its presence in Chester County with a new West Chester office scheduled to open in early March.
Also, First Priority’s previously announced merger with Mid Penn Bancorp is expected to close during the third quarter of this year, pending regulatory and shareholder approvals.
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