First Resource Bank Reaches Milestone with More Than $1 Billion in Loans Made to the Community

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First Resource Bank
Image via First Resource Bank.

Through the support and patronage of its loyal customers, First Resource Bank has financed more than $1 billion in commercial and residential loans to businesses and families in the Delaware Valley.

Founded in 2005 by CEO Glenn Marshall and President and CFO Lauren Ranalli, the bank – a small business itself – caters to the needs of local small businesses with an unwavering commitment to customer satisfaction. This milestone comes on the heels of achieving record earnings for the 10th year in a row.

Through their relationship-based lending model, First Resource Bank – which has branches in Exton, West Chester, and Wayne – has played a vital role in helping local small businesses finance their dreams and has been instrumental in aiding the growth of the community.

The substantial number of loans provided by the bank represents a boost to the local economy in the form of additional resources for consumers and the creation of employment opportunities. The bank’s dedication to the communities it serves is reflected not only in its willingness to help local businesses thrive, but also in its charitable contributions and participation in business and civic organizations.

“The significance of having lent over $1 billion is evidenced by the number of successful businesses in our community who continue to thrive despite the adverse impacts of the pandemic,” said Marshall. “Over the past 16 years, we have leveraged our competitive deposit and lending capabilities in an effort to make our community stronger. I’m proud to say those efforts have paid off. Businesses were established, jobs were created, and more importantly, relationships were built. ”

First Resource Bank has been named Best Bank in Chester County for four consecutive years by the Daily Local News and remains focused on providing its customers with the financial solutions they need to succeed.

Learn more about First Resource Bank.

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