First Pennsylvania Bank, N.A.

05/06/2023

Those were the days!

01/30/2022

In late May of 1980, Philadelphia Eagles owner Leonard Tose sued First Pennsylvania (and others) in matters relating to various loans and loan practices. The bank had loaned Tose the money to purchase the NFL team back in 1969 and various recurring issues over the next decade led to this lawsuit.

Tose v. First Pennsylvania Bank, 492 F. Supp. 246 (E.D. Pa. 1980) case opinion from the U.S. District Court for the Eastern District of Pennsylvania

07/20/2021

"Since the FDIC’s annual deposit data was recorded last June 30, Wells Fargo has reduced its branch count in the immediate Philadelphia region from 172 to 160."

The latest branch closures bring the number of applications Wells Fargo has filed with the OCC to 205 so far this year, including more than 40 in June alone.

07/20/2021

"Jeff Deuel is the president and chief executive officer at Heritage Bank. Deuel joined Heritage in 2010 and has more than 28 years of banking experience with companies like JPMorgan Chase, Bank United, First Union Bank, CoreStates Bank, and First Pennsylvania Bank."

As Heritage Bank continues to grow through acquisitions and organic growth, so will its charitable giving in the region.

07/20/2021

"As recently as the 1990s, Philadelphia-based regional banks were some of the region’s largest employers. The last and largest, CoreStates, including the former Philadelphia National, First Pennsylvania, Meridian, and Germantown Savings, employed 17,000, centered in Philadelphia, when it was sold to a predecessor of today’s Wells Fargo in 1997. Wells Fargo now employs around 5,000 in the region, including 2,000 in Philadelphia."

WSFS Bank plans to add its glowing green logo to the Philadelphia skyline at 8:30 p.m. Monday, atop 1818 Market St., replacing Beneficial Bank as the building’s lead tenant.

07/20/2021

HISTORY:

AdvertisementContinue reading the main storySupported byContinue reading the main storyCorestates and First Pennsylvania to Merge APSept. 19, 1989Credit...The New York Times ArchivesSee the article in its original context from September 19, 1989, Section D, Page 19Buy ReprintsView on timesmachineTim...

12/08/2020

"It's 29 years since First Pennsylvania Bank — the oldest bank in America, founded 1781 — was acquired by its crosstown rival, PNB, to become part of something called CoreStates, then First Union, then Wachovia, and now Wells Fargo..."

'Everyone was friendly. You looked forward to going to work. You were polite. You didn't need a lot of rules about what you can't say. We just had relationships with people'

12/30/2019

Greater Philadelphia’s banking roots go deeper than those of any region in the county. Philadelphia was the home of the first commercial bank (1782), the first national bank (1791), the first savings bank (1816), and the first savings and loan association (1831).

12/30/2019

4.29.80

Federal financial regulators yesterday announced a $500 million rescue of First Pennsylvania Bank of Philadelphia, the third largest bailout in U.S. banking history. In addition, other banks have agreed to furnish First Pennsylvania with a $1 billion line of credit to help keep the bank afloat. Firs...

12/30/2019

If anyone has questions regarding possible funds in old First Pennsylvania Bank accounts, bonds, pensions, employee records, etc please contact Wells Fargo, they are the modern holders of what was once First Pennsylvania Bank, NA as of 2020.

12/16/2016

History...

LEAD: The Corestates Financial Corporation and the First Pennsylvania Corporation agreed today to merge in a $730 million deal.

01/22/2013