Coatesville Savings Bank, a keystone in Chester County’s only city and a major player in its rebirth, is celebrating its centennial, according to a report in Western Chester County Life Magazine.
The bank’s roots date back to 1919, when 15 men pooled their resources of $200 under the Industrial Building and Loan Association. It then offered the chance of home ownership to families that could not otherwise afford it.
The products and services of the 100-year-old Coatesville Savings Bank include the best in modern technology. The bank began offering online banking in 2000 and makes significant investments in technology.
The bank has also grown from primarily providing residential mortgage loans to partnering with business borrowers of all sizes, helping them with acquisitions, expansions, and working capital. It also provides financial support and volunteer involvement to a number of community and charitable organizations and events.
The bank will mark its centennial throughout the year with celebrations at its offices. The ribbon-cutting for the Coatesville office will be on March 22, followed by a community day event on May 18.
Read more about Coatesville Savings Bank in Western Chester County Life Magazine here.