Penn Bancshares, Inc. (PEBA)

Overview

Penn Bancshares, Inc. is the bank holding company for Pennsville National Bank, providing a wide range of banking services primarily located in Salem County, New Jersey. Established in 1969 and headquartered in Pennsville, this company operates multiple branches in key towns such as Pennsville, Elmer, Carney's Point, Pedricktown, and Woodstown. The bank specializes in offering various traditional deposit and lending services, as well as ensuring online and telephonic banking convenience to its customers.

Products and Services

• Deposit Products: Pennsville National Bank accepts a variety of deposit options. These include checking accounts for daily transactions, savings accounts for goal-oriented saving, and money market accounts which often come with higher interest rates. The bank also offers certificates of deposit (CDs) that allow customers to save money for a fixed term while earning a guaranteed interest rate.
• Individual Retirement Accounts (IRAs): The bank provides options for individual retirement accounts, helping customers save for retirement with tax advantages. Additionally, education savings accounts are available, allowing families to save for future educational expenses.
• Lending Services: The company offers a suite of loan products, including mortgage loans for purchasing homes, home equity loans allowing homeowners to borrow against their property's equity, auto loans for vehicle purchases, and commercial loans tailored for business needs. Construction loans are also provided for funding new building projects.
• Visa Cards: Pennsville National Bank offers Visa credit cards, providing customers with a convenient way to make purchases while enjoying added benefits and rewards.
• Trust and Estate Services: In addition to standard banking services, the bank provides trust and estate management services, helping customers manage their assets responsibly and ensuring that their wishes are honored after their passing.
• Online and Phone Banking: To promote convenience, the bank offers internet and phone banking services, allowing customers to manage their accounts, make transactions, and access banking information from the comfort of their homes or on the go.
• ATM Services: Pennsville National Bank operates automatic teller machines (ATMs) for easy access to cash and account management. The bank also provides safe deposit boxes for secure storage of valuable items.
• Money Orders and Wire Transfers: Additional services include the issuance of money orders, a reliable method for secure payments, and wire transfers, enabling customers to send and receive funds quickly and safely.
• Night Depository Services: The bank offers night depository services for customers needing to make deposits outside of regular banking hours, providing flexibility and convenience.