: Meridian bank
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Name: Meridian Bank
Assets: $1.6 billion
Location: Malvern, Pa.
Rosen Nenchev is a perfect example of a Meridian Bank employee who has been able to move up the ranks due in part to a supportive talent development culture.
Back in 2010, the $1.6 billion-asset community bank in Malvern, Pa., hired Nenchev as a customer service representative and teller. He held that role for a few years before applying for a commercial real estate credit analyst position that was open to current employees.
“Meridian Bank likes to fill positions internally first before going outside meridian bank candidates, which is a huge sign about the company’s culture,” Nenchev says.
He was offered that position and then steadily worked his way up the community bank, holding positions like CRE loan officer, senior loan officer and assistant vice president. Now, Nenchev serves as the bank’s vice president of commercial real estate.
“I give credit to the bank for recognizing my work ethic and the abilities I have shown,” he says. “It’s been all upward since the day I started 10 years ago. I’m very appreciative and grateful for the opportunities that Meridian Bank has given me, and for giving me the chance to be as successful as I am.”
“We look to a certain type of individual who has an entrepreneurial spirit, not someone who just wants to do their day-to-day job, but someone who has vision.”
—Tracy Panati, Meridian Bank
Promoting talent from within
In addition to offering a competitive compensation and benefits regions bank 24 hour customer service number that includes an employee stock ownership plan (ESOP), one of the “biggest benefits” that Meridian Bank offers to employees is the ability to move within the bank, says Tracy Panati, senior vice president of human resources.
“We look to a certain type of individual who has an entrepreneurial spirit, not someone who just wants to do their day-to-day job, but someone who has vision,” she says. “We give them opportunities to be successful, because if they’re meridian bank to be successful, then that’s going to make Meridian Bank successful.”
The community bank’s penchant for promoting from within started when it opened in 2004. It’s been a philosophy that proved especially beneficial as the bank grew, says chairman and CEO Chris Annas. Employees also have the opportunity to move laterally to different departments, which was important as the bank launched additional business units, such as mortgage banking and wealth management.
“We do continue to hire people, but there’s also a tremendous amount of talent brought up from within,” Annas says. “It shows everybody that they’ve got a career here—not just a job.”
When attracting new talent, Meridian Bank often offers permanent positions to alumni of its intern program, he says. This year, the community bank conducted its program remotely when other banks suspended their intern programs altogether
“Even when we don’t hire every intern,” Annas says, “each year we send a whole bunch of young people out into the business world who now have a great idea about the banking business and can be ambassadors for the industry.”
Top Tip: Meridian Bank
To help employees enhance their careers at Meridian Bank in Malvern, Pa., management provides both formal training and informal support, says Chris Annas, the community bank’s chairman and CEO.
For example, loan officers participate in formal credit training programs offered by a number of associations, including the Risk Management Association and ICBA. Informally, employees who demonstrate potential within certain functions can be placed under the tutelage of a manager. “One graduate of the credit training program who had been in business for a year showed a great aptitude for the bank’s own investment areas,” Annas says. “He then trained under meridian bank executive vice president on how to handle our bond meridian bank for liquidity, and now he’s doing really well there.”
Another employee who started in the branches showed skill in helping coworkers with technology and now runs Meridian Bank’s IT help desk.
“We want to give people the idea that they don’t need to look to other places if they want to make a change in their career,” Annas says. “If they are willing, and with the help foreclosed homes for sale tulsa senior leadership, they can be here for a long while.”
Katie Kuehner-Hebert is a writer in California.
Meridian Fred Meyer
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BALTIMORE, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Meridian Bank has been named the “Top Winner” in The Maryland Daily Record’s 2021 Reader Rankings Awards in the Best Mortgage Lender category. With more than 3,600 company nominations and 20,000 votes, the Reader Ranking Awards annually recognize and celebrate the best businesses in Maryland.
“We are grateful to be recognized as the Best Mortgage Lender in Maryland, particularly by our neighbors and friends in the community,” said Dave Fitzell, SVP and Director of Residential Lending. “Our experienced team works tirelessly to make the mortgage process meridian bank and smooth for borrowers, and we look forward to helping more people become homeowners in 2022.”
Meridian Bank’s award-winning Maryland meridian bank team is headquartered at 110 West Road Suite 500 in Towson, and can be reached at [email protected], or at 833.920.0019.
About Meridian Bank
Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland. Through more than 20 offices, including banking 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. Meridian is listed on NASDAQ under symbol MRBK. Learn more at www.meridianbanker.com. Equal Housing Lender. Member FDIC.
Contact: David Fitzell
Meridian bank -
Meridian Bank switches ownership to UMB after purchase
Russ Wiles The Republic Canadian High Interest Savings Bank Accounts". Canadian High Interest Savings Accounts. Retrieved 8 October 2019.
Prime Meridian Bank Review
SmartAsset's Overall Rating4.3/5
- Low Fees
- Mobile App
- Multiple Banking Products
Prime Meridian Bank first started operating in 2008 and has its headquarters in Tallahassee, Florida. It has $347 million in assets and $314 million in deposits, ranking it as a small bank. Prime Meridian Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Coming in at a commendable 4.3 stars out of 5, Prime Meridian Bank is a solid contender in your bank search. Prime Meridian Bank has a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs and mortgage products. Prime Meridian Bank has a fair savings rate; you can find higher rates with other banks. If you're interested in stress-free personal checking, Prime Meridian Bank offers an option without a maintenance or monthly fee. Banks that offer free checking and a high savings APY are your best bet for gaining the most income on your deposits while having easy access to your funds.
How We Rated It
SmartAsset's Overall Rating
The is a weighted average of rates, fees, service quality and financial health.Read more
When a component rating is unavailable, the overall rating is calculated as an average of the remaining available ratings.
Prime Meridian Bank features a savings rate of 0.05%, which is fair in comparison to the average U.S. bank. Prime Meridian Bank's one-year CD has a rate of 1.01%, while its highest-yielding money market account has a rate of 0.40%. Given Prime Meridian Bank's poor savings rate, you should consider choosing another bank to earn more on your deposits.
How Prime Meridian Bank's Savings Rates CompareBack to Overview
Prime Meridian Bank typically has extremely low fees compared to other U.S. banks. Its checking account has no monthly fee, making it excellent for anyone looking for a hassle-free account. Prime Meridian Bank unfortunately doesn't refund out-of-network ATM fees, meaning you will need to search for a Prime Meridian Bank ATM or eat the fee.
Monthly Fee$0National Average: $3.21
Non-network ATM FeeN/ANational Average: $1.20
Overdraft FeeN/ANational Average: $35.00
Prime Meridian Bank is a brick-and-mortar bank, with three total branches in Florida. With mobile and web apps, Prime Meridian Bank makes mobile banking easy, even on the go. Prime Meridian Bank gets relatively satisfactory reviews from customers for its mobile app. The Prime Meridian Bank mobile app is rated at 4.0 out of 5 (out of 3 customer reviews on iOS and Android) compared to the national average of 3.8. You can access Prime Meridian Bank's app to control your finances by looking at account balances, transferring money and reaching customer service. Prime Meridian Bank receives a superb consumer satisfaction score due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Overall Mobile Rating4.0/5
Consumer Satisfaction Rating5.0/5
Online Banking PortalNo
Prime Meridian Bank is currently a small bank and handles assets totaling $347 million and deposits totaling $314 million. Prime Meridian Bank has an excellent Texas Ratio of 0.37%, denoting a minute chance of failure. Additionally, Prime Meridian Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
High Risk75%50%20%10%Low Risk
The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.Back to Overview
Compare Prime Meridian Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.05% APY||$100|
|Checking Account||0.05% APY||$2500|
|Certificates of Deposit||$500 for all terms|
|Money Market Accounts||0.35% APY 0.4% APY||$10000 $15000|
Prime Meridian Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Prime Meridian Bank does not have the best savings rate, which means you should think about looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Prime Meridian Bank's CD rates are fair in comparison to other U.S. banks.Back to Overview
Find a Prime Meridian Bank Near Me
Prime Meridian Bank has three locations across the U.S.Back to Overview
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