For decades, Firstrust Bank has been a steadfast supporter of the Police Athletic League of Philadelphia’s mission of “Cops Helping Kids.”
The bank’s mission to cultivate prosperity for its customers, employees, and the communities it serves dovetails seamlessly with PAL’s work, as both organizations are helping to build a Philadelphia where everyone — especially the youth — can succeed and reach their fullest potential.
“The work of lifting up our children is a collective effort,” said Firstrust President and CEO Tim Abell. “It takes all of us — business leaders, police officers, educators, and neighbors — working together to ensure that every child in our city has the chance to dream, to grow, and to lead.”
In recognition of Firstrust being an ally in PAL’s mission to provide educational, athletic, and recreational programs to Philadelphia’s youth, PAL recently honored Abell at its Annual Awards Gala at The Switch House by Cescaphe.
Richard Green, Executive Chairman and Owner of Firstrust Bank, and Andrew Tauber, Executive Vice President at Firstrust and President of bank subsidiary Apex Commercial Capital, were co-chairs of the gala.
Since its inception in 1968, the annual event has celebrated individuals who go above and beyond in supporting PAL’s efforts to build positive relationships between police officers and young people through education, athletics, and mentorship. In addition to Abell, both Ryan Boyer Sr., Business Manager of the Philadelphia Building & Construction Trades Council and Laborers’ District Council, and former city representative Sheila Hess were honored at this year’s event.
Abell, who has spent his entire career in banking in the Philadelphia region, was recognized for his commitment to the youth of Philadelphia and his dedication to building stronger communities. The award shines a spotlight not just on his role at the bank but on the values that have guided his career.
“For me, PAL’s mission strikes a deeply personal chord,” he said. “As someone who has had the privilege of working with entrepreneurs, businesses, and various organization in our community throughout Philadelphia for over 40 years, I’ve seen how opportunities — and the people who create them — can change lives. What PAL does to create safe spaces, nurturing trust, and equipping young people with the tools they need to succeed — it’s a mission that’s vital to the future of our city. It is about investing in the next generation, ensuring they feel seen, supported, and empowered to lead fulfilling lives.”
Abell’s contributions to youth empowerment have also earned him numerous accolades, including the Variety — The Children’s Charity Golden Heart Award, the American Diabetes Association Father of the Year Award, and the Habitat for Humanity Carter Builder Achievement Award. His work, according to colleagues, is defined by humility, consistency, and a genuine desire to see others succeed.
“Tim’s love for Philadelphia runs deep,” said Green. “He’s not just a leader in the city; he’s a lifelong fan of everything Philly. He doesn’t seek recognition, but his actions speak volumes, and PAL honoring him is a testament to the incredible impact he has made.”
Green hired Abell at Firstrust in 2004 as Chief Lending Officer. He was named President three years later, and in 2016, he was appointed to the bank’s Board of Directors. In 2023, he succeeded Green as CEO.
“Over the years, I’ve come to realize that, while Tim is a great banker, he’s an even better man,” said Green.
For more than 75 years, PAL has enriched the lives of Philadelphia’s underserved youth, offering athletic, learning, and cultural programs that promote positive character development and improve educational outcomes. PAL’s 18 centers throughout the city help youth build positive and enduring relationships with Philadelphia Police Officers, while keeping them safe and offering enriching experiences. PAL’s programs are free to children ages 6-18.
Learn more about how Firstrust Bank actively supports the community through education, scholarships, partnerships, and volunteerism.
