Penn Community Bank Realigns to Maximize Effectiveness in a Post-Pandemic, Transitioning Economy

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two Penn Communty Bank employees promoted in organizational realignment
Images via Penn Community Bank.
Randy Stradling and Stephanie Schwartzberg.

A Penn Community Bank organizational realignment — comprising several recent promotions — will help the institution operate cross-functionally and synchronously. Its leaders see these two characteristics as vital to serving the needs of a post-pandemic, transitioning economy.

The internal shifts, taking effect Jan. 1, 2023, are:

  • The promotion of Randy Stradling from Senior Credit Officer to Chief Credit Officer, a move that will enable him to oversee the bank’s credit culture, as well as manage the quality of the lending portfolio
  • The expansion of the role of Stephanie Schwartzberg, who now adds Chief Legal and Risk Officer responsibilities to her title EVP, General Counsel and Corporate Secretary. Her redefined position brings her oversight responsibilities for Compliance, IT compliance, and Trust

Penn Community Bank President & CEO Jeane Vidoni commented on the changes, saying, “As we emerge from the pandemic and adjust to the new realities of team member and customer expectations, a transitioning economy, and the continuation of our long-term planning, it was clear we must continue adapting at every level, including the Executive Leadership Team.”

She continued, “Our executive realignment — including the promotion of Randy and Stephanie — seeks to further break down silos to foster a collaborative and cross-functional team that will help us achieve a level of synchronization that is essential now, and for years to come.”

This organizational realignment at Penn Community Bank follows other recent promotions, namely:

  • Bernard Tynes, now EVP/Chief Marketing & Impact Officer. He oversees the organization’s marketing and community relations strategy — including its charitable giving of five percent of its net income to area nonprofits and community groups — to ensure Penn Community Bank’s products, services, and resources are available throughout the region.
  • Bob Coffin, the bank’s new EVP/Chief Quality Management Officer. He will lead efforts to ensure upward mobility for everyone in the region — not just those traditionally served by financial institutions. In addition to supporting credit responsibilities, Coffin will oversee special initiatives centered on Fair Lending practices and build upon the bank’s foundational mutual structure to ensure it fulfills its values-driven brand promise.

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About Penn Community Bank

Penn Community Bank holds more than $2.6 billion in assets, employs more than 300 people, and offers banking and lending services at 20+ bank branches and three administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.  

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