DOWNINGTOWN, Pa., April 3, 2015 (GLOBE NEWSWIRE) -- DNB First, one of the first nationally chartered banks to serve the greater Philadelphia region, announced today the creation of the Business Banking Services (BBS) division. The move was part of the Bank's strategic initiative to increase its capabilities and geographic presence to serve the credit and banking needs of all-sized businesses in the five county region of Chester, Delaware, Philadelphia, Bucks, and Montgomery as well as Southern New Jersey, and Northern Delaware. This division will support businesses of all sizes, with an added focus on smaller clients.
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"DNB First understands how important small businesses are in boosting local economies. We are committed to providing the expertise and credit business owners need to grow and manage their businesses," said DNB First's Vince Liuzzi, Executive Vice President and Chief Banking Officer. As part of that commitment, the Bank recently created two borrowing solutions – the Small Business Line of Credit and Equipment Loan.
In addition, to enhance the services to commercial and industrial businesses, DNB First recently hired Nabila Sajid as Senior Vice President of Commercial Lending. Sajid, who joined DNB First from Wells Fargo, has more than two decades of experience in commercial credit, complementing an already deeply seasoned commercial banking group. "We are delighted to have Nabila heading up a team of commercial lenders. Her extensive experience in C&I lending will be pivotal in helping DNB First serve an increasing number of businesses, and will boost our market share," added Al Melfi, Executive Vice President and Chief Lending Officer at DNB First.
"Our solid financials and prudent financial management have put DNB First in a strong position to provide the credit businesses of all sizes need to grow and prosper. By building these businesses, we're delivering on a promise we made since we were founded more than 150 years ago – to make our communities stronger," said William S. Latoff, DNB First Chairman and CEO.
DNB Financial Corporation is a bank holding company whose bank subsidiary, DNB First, National Association, is a community bank headquartered in Downingtown, Pennsylvania with 13 locations. Founded in 1860, DNB First, in addition to providing a broad array of consumer and business banking products, offers brokerage and insurance services through DNB Investments & Insurance, and investment and trust services through DNB First Investment Management & Trust. DNB Financial Corporation's shares are traded on Nasdaq's Capital Market under the symbol: DNBF. We invite our customers and shareholders to visit our website at http://www.dnbfirst.com. DNB's Investor Relations site can be found at http://investors.dnbfirst.com/.
CONTACT: For further information, please contact: Catherine Hall, SVP, Director of Sales and Marketing 484-359-3221 CHall@dnbfirst.com
Source:DNB Financial Corp