DNB First completes East River conversion
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.
DNB First branch on North Church Street in West Chester.