DNB First com­pletes East River con­ver­sion

Daily Local News (West Chester, PA) - - BUSINESS -

DNB First of Down­ing­town Mon­day an­nounced the suc­cess­ful con­ver­sion of East River Bank, in­clud­ing sys­tems in­te­gra­tion and the re-brand­ing of three lo­ca­tions in Philadel­phia.

East River Bank was ac­quired by DNB Fi­nan­cial Corp., the par­ent of DNB First, and sub­se­quently merged with and into DNB First, in a trans­ac­tion that closed on Oct. 1, 2016.

With the com­bi­na­tion of the two or­ga­ni­za­tions, DNB First now has ap­prox­i­mately $1.1 bil­lion in as­sets, $764 mil­lion in loans, and $841 mil­lion in de­posits, mak­ing it the sixth largest fi­nan­cial in­sti­tu­tion head­quar­tered in South­east­ern Penn­syl­va­nia. DNB First now has 15 branch of­fices in Ch­ester, Delaware and Philadel­phia coun­ties, in­clud­ing the three for­mer East River Bank lo­ca­tions in East Falls, Roxbor­ough and Old City.

“What orig­i­nally drew us to East River Bank was their strong fi­nan­cial per­for­mance and deep com­mu­nity en­gage­ment. They shared many of the val­ues that we at DNB First hold in high re­gard. Com­bined, we are a stronger bank that prides it­self on com­mit­ment, com­mu­nity and con­ve­nience. We look for­ward to ex­pand­ing our pres­ence in the Philadel­phia re­gion, where we feel we can con­tinue to grow with the dy­namic com­mu­nity,” said Wil­liam J. Hieb, pres­i­dent and chief ex­ec­u­tive of­fi­cer of DNB First.

Ac­cess Group names gen­eral coun­sel

Ac­cess Group of West Ch­ester an­nounced Shahrzad Ko­jouri has joined the or­ga­ni­za­tion as as­sis­tant gen­eral coun­sel. Ko­jouri will pro­vide le­gal coun­sel re­lated to Ac­cess Group op­er­a­tions and le­gal af­fairs, re­view and ne­go­ti­ate con­tracts, and pro­vide le­gal ad­vice on lit­i­ga­tion, reg­u­la­tory, com­pli­ance and pol­icy is­sues.

Ko­jouri earned her Bach­e­lor of Sci­ence de­gree in in­ter­na­tional busi­ness from Rose­mont Col­lege and her Juris Doc­tor de­gree from Case Western Re­serve Uni­ver­sity School of Law. She is a res­i­dent of Ard­more.

Founded in 1983, Ac­cess Group is a non­profit mem­ber­ship or­ga­ni­za­tion com­prised of nearly 200 non­profit and stateaf­fil­i­ated ABA-ap­proved law schools. From pro­vid­ing fi­nan­cial ed­u­ca­tion re­sources and ser­vices for stu­dents and schools, to sup­port­ing re­search and grant pro­grams, data col­lec­tion and anal­y­sis, to driv­ing pol­icy ad­vo­cacy, Ac­cess Group works to promote broad ac­cess, in­creased af­ford­abil­ity and the value of le­gal ed­u­ca­tion.

Ac­cess Group is head­quar­tered in West Ch­ester, its Cen­ter for Re­search & Pol­icy Anal­y­sis is lo­cated in Wash­ing­ton, DlC. Visit Ac­cessGroup.org for more in­for­ma­tion.

Shahrzad Ko­jouri

PETE BANNAN-DIG­I­TAL FIRST MEDIA FILE PHOTO

DNB First branch on North Church Street in West Ch­ester.

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