Clarion County Community Bank in Clarion, Pa., is planning a new division to focus on expansion in Erie, Pa.
The $211 million-asset bank is planning Flagship Community Bank to coincide with opening its first branch in the market, according to GoErie.com.
The bank, formed in 2004, has been making commercial loans in the area for the last seven years.
Flagship should have about seven employees, Jim Kifer, Clarion’s CEO, told the publication. Another branch could open in the next year if the first location performs well.
Clarion has already hired John Buchna, former CEO of the Erie Downtown Partnership, as a business development officer.