Pennsylvania’s Community Banks are keeping the lights on in hometowns across the Commonwealth. In our ongoing documentary series, we share stories about how community banks serve their communities and help to ensure their hometowns not only survive, but thrive.
Part 1 of PACB’s “Bank on Community” series visits Coatesville Savings Bank in Coatesville, Pennsylvania. When the local steel mill closed their doors, most of the town’s banks also closed and left town. However, Coatesville Savings Bank stayed, and they are the only bank left in town. Their commitment to their hometown is the definition of community banking. “We are the only bank still in town. At one time there were 5, but they left when the times got tough. As a community bank we felt it’s our obligation to stay, stick through the thin times. And here we are.” – Frederick Henrich, President/CEO, Coatesville Savings Bank