Citadel Credit Union in Exton, Pa., will launch a business banking division in August after hiring a team of bankers from Santander Bank.
The $5 billion-asset credit union said on its website that it will look to form strategic partnerships in an around Philadelphia.
“We are ready to hit the ground running and partner with businesses of any size in the region,” Jeff March, Citadel’s president and CEO, said in the release. “Our goal is to be the financial partner of choice for businesses looking to ensure prosperity and a stable future.”
“Our approach is to create a package that includes a full range of cash management and commercial lending that can be customized to fit each unique business need,” Sutliff said in the release.
Citadel will target companies with $1 million to $100 million in annual revenue.