Corporate Profile for JeffBanks, dated Dec. 18, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 18, 1998
Company Name: JeffBanks Inc.
Address: 1845 Walnut Street
10th Floor
Philadelphia, Pa. 19103
Main Telephone
Number: 215/861-7000 or 800/TRY-JEFF
Internet Home
Page Address
(URL): www.jeffbanks.com
Chief Executive
Officer: Betsy Z. Cohen
Chief Financial
Officer: Paul Frenkiel
Investor Relations
Contact: Michele Rudoi
Business number: 215/861-7011
Public Relations
Contact: Ellen Warren
Business number: 215/886-1666
Trading Symbol: JEFF
Industry: BANKING
Company description: JeffBanks, Inc. (the "Company") is a Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York chartered, registered bank holding company headquartered in Philadelphia Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. with two wholly-owned subsidiaries, Jefferson Jefferson, uninc. city (1990 pop. 25,782), Fairfax co., N Va. It is a residential suburb of Washington, D.C. Bank ("Jefferson PA") and Jefferson Bank of New Jersey ("Jefferson NJ"). The Company operates principally through its subsidiary banks, which are engaged in the commercial banking business in Philadelphia and its immediately adjacent Pennsylvania and New Jersey suburbs. The Company currently operates an executive office, thirty retail branch offices and a mortgage loan production office. The Company's primary strategy for further growth is to continue expansion of its market presence as the "small and middle-market The term middle-market may refer to either a type of newspaper or a type of company. A middle-market newspaper is one that attempts to cater to readers who want some entertainment value from their newspaper as well as adequate serious coverage of significant news business bank." The Company has sought to implement its strategy by targeting the banking needs of high net worth or high income individuals within its market area and the businesses which they own or control. To attract this market, the Company provides specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. commercial lending, cash management, lease financing and personal credit services. In its commercial lending, the Company seeks to respond to its targeted market by customizing the terms of its loans to the specific or special needs of individual customers or their businesses. Such services are also intended to aid in generating loans and deposits from the Company's targeted market. |
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