State College, PA - Centre County - Central Pennsylvania - Home of Penn State University

Vacant North Atherton spots to see store, bank

by on January 10, 2019 10:29 AM

STATE COLLEGE — Two storefronts sitting empty along North Atherton Street will soon see new life.

Longtime Centre County convenience store chain Uni-Mart will be taking up shop at what used to be home to Snappy’s until it closed in October. Further up the street, Centre1st Bank, a division of Old Dominion National Bank, plans to open its first full-service branch in State College at 1276 N. Atherton St. early this year.

Uni-Mart owner Medhat Aviv said he will know about an opening date for the convenience store after some initial inspections and reviews in the upcoming weeks. He said he thinks the location is good for a gas station and plans to offer a typical Uni-Mart convenience store to start with.

Old Dominion National Bank announced on its website in November that it plans to enter the Centre County market. Old Dominion is based out of Northern Virginia and is branching out to central Pennsylvania with the Centre1st Bank.

“We are very proud to be opening in State College and be Centre County’s hometown bank, with a team of veteran local professionals who are excited to be serving their neighbors with the full-service experience of a community bank owned by members of this community,” Pennsylvania Divisional President Jack Infield said in a statement on the website. “We’re gratified by the tremendous support our local team is seeing from businesses and individuals in Central Pennsylvania, where our bank has already originated about $60 million in loans and $15 million in deposits to date.”

Centre1st is expected to open in the first quarter of 2019 and will also offer a suite of online and mobile services for customers.
Infield is a State College resident who previously has held leadership positions with PNC, Waypoint Bank, Graystone Bank and Ameriserv Bank.

More than 150 shareholders from the State College area have invested about $25 million in Centre1st’s parent company, Old Dominion National Bank, where Infield also serves as senior executive vice president, according to the news release. He joined the Virginia-based company in 2016 to help develop a regional community bank with branches in central Pennsylvania, Virginia and the Washington, D.C. metro area.

The bank has raised a total of nearly $69 million in new capital, with more than a third invested by shareholders from the State College area.

"We are very pleased to be entering the State College market so strategically and with such momentum, thanks to the efforts of Jack and the entire Centre1st team,” Old Dominion National President and CEO Mark Merrill said. “We are also assembling a Central Pennsylvania advisory board of local business and civic leaders, to help promote and grow Centre1st’s business and brand in the region, while advising us to ensure that we’re meeting the needs of the communities we serve in the Keystone State.”

Centre1st's leadership team in State College also will include Assistant Vice President and Retail Manager Cindy Conron; Vice President of Residential Lending Travis Corkery; Vice President of Commercial Lending Eric Kraytz; and Executive Assistant Jerilinn Stewart.





Disclaimer: Copyright © 2019 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.