Chester County community leaders joined Prosper Bank to rejoice the financial institution’s name change from Coatesville Savings Bank to Prosper Bank. The transition displays the financial institution’s development and expanded footprint to serve a wider community all through Chester, Lancaster, Lebanon, Dauphin and Cumberland counties. Attending the official ribbon reducing ceremony Tuesday in Coatesville have been:
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

COATESVILLE — Leadership of Coatesville Savings Bank has introduced a name change to Prosper Bank to reflect the financial institution’s development and expanded footprint to serve a wider community all through Chester, Lancaster, Lebanon, Dauphin and Cumberland counties.

“As 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,” says Janak M. Amin, President and CEO of Prosper Bank. “Our 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.”

The transition started 11 months in the past with a rigorous comparability amongst eight opponents within the native market, in accordance to Amin. “We analyzed how we could do better. What emerged is a bank that provides high care, high performance and high accountability. We believe it’s our job to create convenient and affordable banking for our individual and business customers, without caveats or complexity.”

In addition to new signage and funding in amenities for enhanced infrastructure, Prosper Bank is offering a wealth of latest and up to date conveniences together with free checking choices for people, companies, non-profit organizations and municipalities. Customers can have free ID theft safety and entry to ATMs worldwide fee-free with Prosper Rewards checking, on-line banking with invoice pay, on-line account opening, notary providers, coin counting for patrons, instant-issue debit playing cards, e-statements and/or paper statements, cell banking with cell deposits and extra.

In addition, Prosper Bank is saying a Home Equity Line of Credit with a brand new low introductory fee. This permits owners to entry cash based mostly on the fairness they’ve constructed of their properties to fund renovations, debt consolidation, school tuition, main purchases, emergency bills and every other want.

“We never forget our roots and are proud to have carried the Coatesville legacy name for so long,” says Doug Byers, Chief Banking Officer at Prosper Bank. “Just as the City of Coatesville is rising, so is Prosper Bank. The name ‘Prosper’ was used in the bank’s 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."

The financial institution’s first department enlargement occurred 43 years in the past when service was prolonged into New Holland, Lancaster County. Today Prosper Bank serves prospects on-line, on cell app and in 5 branches in Coatesville, Georgetown/Christiana, New Holland, Oxford and Quarryville.

Always regionally managed, Coatesville Savings Bank was the one financial institution to stay within the City of Coatesville after the closing of Lukens Steel, and is among the few banks within the area that remained open as a vital enterprise supplier all through the COVID-19 pandemic. “This 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,” says Larry Witt, Chief Technology Officer, Prosper Bank.

“Prosper Bank is building upon its strong roots and rich heritage,” says Amin. “At 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.”

Many of Prosper Bank’s shoppers and employees members have been with the financial institution for generations. Lifetime Coatesville resident Doreen Broaddus grew to become a teller on the financial institution in 1987, labored her manner up to lead teller, and serves as Market Manager on the Oxford location. Through the financial institution’s strategic planning and newly developed enterprise merchandise, her function is increasing once more to lead the financial institution’s Cash Management and Not-for-Profit division as a newly outlined function for the financial institution. “Pride in excellent customer service is ingrained in our culture,” she says. “I’ve 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’m excited that our management team leads by example, and they challenge us to be innovative leaders with 100% focus on our customers.”

Chip Breuninger, precept and founding father of Breuninger Insurance in Coatesville, first realized about curiosity on cash as a baby by opening his first financial savings account with Coatesville Savings Bank. “Our family members have been personal and business customers of the bank for four generations,” says Breuninger. “They treat every individual as a valued customer, they go above and beyond to meet your banking needs, and if you have a problem, it’s never an inconvenience for them to help you. They are the only bank that has really stuck by the community, and that’s what we need.”