Question 1

What is Firstrust Savings Bank?

Accepted Answer

Firstrust Savings Bank is a family-owned savings bank headquartered in the Philadelphia metropolitan area, managing over $5.8 billion in assets. As the Philadelphia region's largest family-owned financial institution, Firstrust specializes in commercial lending, commercial real estate financing, and equipment leasing while also serving retail banking customers.

The bank operates 18 branch locations across Pennsylvania, New Jersey, and Maryland. Firstrust has earned recognition as one of the nation's top-performing banks, combining personalized service with sophisticated financial solutions for individuals, families, and businesses.

Question 2

When was Firstrust Savings Bank founded?

Accepted Answer

Firstrust Savings Bank was founded in 1934 during the height of the Great Depression by Samuel A. Green. The institution began as First Federal Savings and Loan Association of Philadelphia, established around Green's mother's kitchen table in the Point Breeze neighborhood of South Philadelphia.

At a time when banks focused primarily on businesses rather than families, Samuel Green recognized the need to support everyday community members seeking to save money and build better lives. His cornerstone was a commitment to community, with a foundation built on family values.

The institution converted to Firstrust Savings Bank on February 28, 1987, when depositors overwhelmingly approved the conversion from First Federal Savings and Loan Association to a private, FDIC-insured mutual savings bank. This transformation marked a new era while maintaining the founding principles of community service and family-oriented banking.

Question 3

Where is Firstrust Savings Bank headquartered?

Accepted Answer

Firstrust Savings Bank is headquartered in Conshohocken, Pennsylvania, at 15 East Ridge Pike. The bank relocated its headquarters to the current Whitemarsh office location in 1999, positioning itself strategically in Montgomery County within the Philadelphia-Camden-Wilmington metropolitan area.

This location provides convenient access to Philadelphia's business community while serving the growing suburban markets throughout the region.

Question 4

Where does Firstrust Savings Bank operate?

Accepted Answer

Firstrust Savings Bank operates 18 branch locations across three states: Pennsylvania, New Jersey, and Maryland. The bank maintains its strongest presence in Pennsylvania with 16 branches, primarily in the Philadelphia metropolitan area and surrounding counties.

Firstrust expanded beyond Pennsylvania with a commercial real estate lending office in Annapolis, Maryland, and a retail and commercial branch in Towson, Maryland. The bank also maintains one branch in New Jersey, extending its Mid-Atlantic regional footprint.

Additionally, the bank operates Hatch Bank in California, formerly known as Rancho Santa Fe Thrift & Loan, which was acquired and later renamed to reflect Firstrust's growth strategy.

Question 5

What services does Firstrust Savings Bank offer?

Accepted Answer

Firstrust Savings Bank provides comprehensive banking services with a commercial lending specialization. The bank offers personal banking products including checking and savings accounts, residential mortgages, and consumer loans.

For business clients, Firstrust delivers sophisticated commercial solutions including commercial real estate lending, cash management services, treasury management, and commercial lines of credit. Through its subsidiary Apex Commercial Capital Corp., created by merging Apex Mortgage Corp. and Firstlease, Inc., the bank provides commercial mortgage lending and nationwide equipment financing.

Firstrust Financial Resources offers wealth management, financial planning, employee benefits, and advanced life insurance planning services. The bank combines traditional branch banking with modern digital capabilities, including online and mobile banking platforms.

As a testament to its community commitment, The Green Family Foundation, established by the founding family, provides philanthropic support through grants to nonprofit organizations across the Philadelphia region, supporting education, health, welfare, arts, and community development.

Question 6

What makes Firstrust Savings Bank unique?

Accepted Answer

Firstrust Savings Bank stands apart as a three-generation family-owned institution, proudly managed by the Green family for 90 years. Samuel A. Green founded the bank, Daniel B. Green served as President and CEO beginning in 1970, and Richard J. Green became President and CEO in 1995, currently serving as Executive Chairman of the Board and Owner.

This multi-generational family stewardship creates continuity of values and long-term thinking uncommon in modern banking. The bank's commitment to family values, honesty, integrity, and accountability permeates its culture and customer relationships.

Firstrust has formed high-profile partnerships, including becoming the Official Bank of the Philadelphia Eagles, demonstrating its strong regional presence and community connections. The bank has earned recognition as one of America's top-performing banks while maintaining its character as a relationship-focused, community-committed institution.

The bank's Operations Center in Horsham, Pennsylvania, brought over 140 jobs to the area, reflecting Firstrust's commitment to employment and economic development in the communities it serves.

Question 7

What type of financial institution is Firstrust Savings Bank?

Accepted Answer

Firstrust Savings Bank is a state-chartered stock savings bank operating under Pennsylvania law. The institution is regulated by the Federal Deposit Insurance Corporation (FDIC) and maintains FDIC insurance under certificate number 26647.

As a savings bank with commercial lending specialization, Firstrust focuses heavily on commercial real estate lending and equipment financing while maintaining retail banking services. The bank's organizational structure allows it to remain privately held and family-controlled while operating with the sophistication and scale of a major regional institution.

Firstrust holds limited trust powers, allowing it to provide certain fiduciary services to customers as part of its comprehensive wealth management and financial planning offerings.

Firstrust Savings Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Firstrust Savings Bank in the United States