A new bank "created by and for Central Pennsylvanians" will open its first full-service branch in State College by early 2019.
Centre1st Bank, a division of Old Dominion National Bank, recently received regulatory approval to open at 1276 N. Atherton St.
“We are very proud to be opening State College and 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 news release. “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 by the first quarter of 2019 and also will 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, Retail Manager Cindy Conron; Vice President, Residential Lending Travis Corkery; Vice President, Commercial Lending Eric Kraytz; and Executive Assistant Jerilinn Stewart.