MRBK Meridian

Patrick Hart Joins Meridian Bank as SVP, Commercial Lending

Patrick Hart Joins Meridian Bank as SVP, Commercial Lending

MALVERN, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- Meridian Bank announced the appointment of Patrick Hart to the position of Senior Vice President, Commercial Lending. As part of the bank’s Chester County team, he’ll partner with commercial and industrial organizations throughout that community.

Hart received his undergraduate degree in accounting from Drexel University, followed by an MBA in finance from Drexel. He has spent his entire 25-year banking career in the Greater Philadelphia region, serving with community banks and larger regional institutions. He brings expertise in both the credit and lending areas to his position at Meridian.

Marc Pelletier, Meridian SVP and Regional Team Leader, has worked with Hart in the past and known him professionally for more than a decade. “Patrick is a great fit at Meridian because of his experience working with entrepreneurs and innovative businesses in the region. I have great respect for both his banking skills and the incredible enthusiasm he brings to helping his customers.”

Hart resides in Southern Chester County with his wife Claudine and two daughters, Juliana and Grace.

About Meridian Corporation

Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware, Maryland and Florida. Through more than 20 offices, including bank branches and mortgage locations, Meridian offers a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, electronic payments and wealth management solutions through Meridian Wealth Partners. Meridian also offers a broad menu of high-yield depository products supported by robust online and mobile access. For additional information, visit our website at Member FDIC. Equal Housing Lender.

Contact:

Christopher J. Annas

484.568.5001

 



EN
15/04/2024

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Meridian Corporation Reports Second Quarter 2024 Results and Announces...

Meridian Corporation Reports Second Quarter 2024 Results and Announces a Quarterly Dividend of $0.125 per Common Share MALVERN, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- Meridian Corporation (Nasdaq: MRBK) today reported:  Three Months Ended(Dollars in thousands, except per share data)((Unaudited)June 30,2024 March 31,2024 June 30,2023Income:      Net income$3,326 $2,676 $4,645Diluted earnings per common share$0.30 $0.24 $0.41Pre-tax, pre-provision income (1)$7,072 $6,419 $6,607(1) See Non-GAAP reconciliation in the Appendix      Commercial loans, excluding leases, increased $40.7 million, o...

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