{"id":47193,"date":"2020-11-18T08:34:05","date_gmt":"2020-11-18T13:34:05","guid":{"rendered":"https:\/\/www.unionvilletimes.com\/?p=47193"},"modified":"2020-11-18T08:34:16","modified_gmt":"2020-11-18T13:34:16","slug":"coatesville-savings-changes-name-to-prosper-to-better-reflect-wider-community-service","status":"publish","type":"post","link":"https:\/\/www.unionvilletimes.com\/?p=47193","title":{"rendered":"Coatesville Savings changes name to Prosper to better reflect wider community service"},"content":{"rendered":"
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Chester County community leaders joined Prosper Bank to celebrate the bank\u2019s name change from Coatesville Savings Bank to Prosper Bank. The transition reflects the bank\u2019s growth and expanded footprint to serve a wider community throughout Chester, Lancaster, Lebanon, Dauphin and Cumberland counties. Attending the official ribbon cutting ceremony Tuesday in Coatesville were:
Front row (l to r) Latifah Lamb, Prosper Bank Market Manager; Doug Byers, Prosper Bank Chief Banking Officer; Joseph Carroll, Prosper Bank Board Chair; Chester County Commissioner Josh Maxwell; Chester County Commissioner Marian Moskowitz
Second row (l to r) Bill Schoell, Chief of Staff for State Rep. Dan Williams; Sonia Huntzinger, Coatesville 2nd Century Alliance Economic Development Administrator; Ricky Campbell, Advisor to State Rep. Dan Williams; Gary Smith, Chester County Economic Development Council President & CEO; James Logan, City Manager, City of Coatesville<\/p><\/div>\n

COATESVILLE \u2014 Leadership of Coatesville Savings Bank has announced a name change to Prosper Bank to reflect the bank\u2019s growth and expanded footprint to serve a wider community throughout Chester, Lancaster, Lebanon, Dauphin and Cumberland counties. www.prosperbank.com<\/a><\/p>\n

\u201cAs we introduce Prosper Bank in both our existing and new markets with an unwavering focus to become the most-loved bank, we are pleased to confirm this change is in name and brand only,\u201d says Janak M. Amin, President and CEO of Prosper Bank. \u201cOur Prosper Bank headquarters remains anchored in Coatesville, where it has been for over 100 years, and our commitment to support all of the existing communities we serve remains intact. Our new name is not a result of merging or being acquired by another bank.\u201d<\/p>\n

The transition began 11 months ago with a rigorous comparison among eight competitors in the local marketplace, according to Amin. \u201cWe analyzed how we could do better. What emerged is a bank that provides high care, high performance and high accountability. We believe it\u2019s our job to create convenient and affordable banking for our individual and business customers, without caveats or complexity.\u201d<\/p>\n

In addition to new signage and investment in facilities for enhanced infrastructure, Prosper Bank is providing a wealth of new and updated conveniences including free checking options for individuals, businesses, non-profit organizations and municipalities. Customers will have free ID theft protection and access to ATMs worldwide fee-free with Prosper Rewards checking, online banking with bill pay, online account opening, notary services, coin counting for customers, instant-issue debit cards, e-statements and\/or paper statements, mobile banking with mobile deposits and more.<\/p>\n

In addition, Prosper Bank is announcing a Home Equity Line of Credit with a new low introductory rate. This allows homeowners to access money based on the equity they\u2019ve built in their homes to fund renovations, debt consolidation, college tuition, major purchases, emergency expenses and any other need.<\/p>\n

\u201cWe never forget our roots and are proud to have carried the Coatesville legacy name for so long,\u201d says Doug Byers, Chief Banking Officer at Prosper Bank. \u201cJust as the City of Coatesville is rising, so is Prosper Bank. The name \u2018Prosper\u2019 was used in the bank\u2019s prior proclamation documents and is clearly stated in our purpose: to strive to be the most-loved bank that allows our families, customers and communities to prosper.<\/em>\u201d<\/p>\n

The bank\u2019s first branch expansion took place 43 years ago when service was extended into New Holland, Lancaster County. Today Prosper Bank serves customers online, on mobile app and in five branches in Coatesville, Georgetown\/Christiana, New Holland, Oxford and Quarryville.<\/p>\n

Always locally managed, Coatesville Savings Bank was the only bank to remain in the City of Coatesville after the closing of Lukens Steel, and is one of the few banks in the region that remained open as an essential business provider throughout the COVID-19 pandemic. \u201cThis year, Prosper Bank proactively reached homebound customers, and invested over $35,000 in community donations to support local residents, first responders and local businesses in critical need,\u201d says Larry Witt, Chief Technology Officer, Prosper Bank.<\/p>\n

\u201cProsper Bank is building upon its strong roots and rich heritage,\u201d says Amin. \u201cAt a time when other companies are evaluating cost and personnel cuts, the Board of Prosper Bank is investing in technology and people to create an excellent customer experience. We have created eight (8) new positions in Coatesville, adding revenue to the local tax base. We have built a knowledgeable and diverse team where women comprise 60% of management positions. Together we are creating an inclusive and diverse culture that will provide the best possible experience for our customers and our communities. We are committed to staying and investing in the City of Coatesville and helping its residents prosper.\u201d<\/p>\n

Many of Prosper Bank\u2019s clients and staff members have been with the bank for generations. Lifetime Coatesville resident Doreen Broaddus became a teller at the bank in 1987, worked her way up to lead teller, and serves as Market Manager at the Oxford location. Through the bank\u2019s strategic planning and newly developed business products, her role is expanding again to lead the bank\u2019s Cash Management and Not-for-Profit division as a newly defined role for the bank. \u201cPride in excellent customer service is ingrained in our culture,\u201d she says. \u201cI\u2019ve built trusting relationships with customers over three decades, and I think our new name, new products and vision will help us serve customers even better. I\u2019m excited that our management team leads by example, and they challenge us to be innovative leaders with 100% focus on our customers.\u201d<\/p>\n

Chip Breuninger, principle and founder of Breuninger Insurance in Coatesville, first learned about interest on money as a child by opening his first savings account with Coatesville Savings Bank. \u201cOur family members have been personal and business customers of the bank for four generations,\u201d says Breuninger. \u201cThey treat every individual as a valued customer, they go above and beyond to meet your banking needs, and if you have a problem, it\u2019s never an inconvenience for them to help you. They are the only bank that has really stuck by the community, and that\u2019s what we need.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

COATESVILLE \u2014 Leadership of Coatesville Savings Bank has announced a name change to Prosper Bank to reflect the bank\u2019s growth and expanded footprint to serve a wider community throughout Chester, Lancaster, Lebanon, Dauphin and Cumberland counties. www.prosperbank.com \u201cAs we introduce Prosper Bank in both our existing and new markets with an unwavering focus to become […]<\/p>\n","protected":false},"author":1,"featured_media":47195,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183],"tags":[1259,4513,13459,13458],"class_list":["post-47193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-coatesville","tag-coatesville-savings-bank","tag-name-change","tag-prosper-bank"],"_links":{"self":[{"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/posts\/47193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47193"}],"version-history":[{"count":1,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/posts\/47193\/revisions"}],"predecessor-version":[{"id":47194,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/posts\/47193\/revisions\/47194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=\/wp\/v2\/media\/47195"}],"wp:attachment":[{"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unionvilletimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}