Kevin J. Gallagher Joins Allegiance Bank as Senior Vice President and Chief Lending Officer.BALA CYNWYD, Pa. -- Allegiance Bank of North America The Bank of North America was chartered on December 31, 1781 [1] by the Congress of the Confederation and opened on January 7, 1782, at the prodding of Finance Minister Robert Morris, and was rechartered in 1784. This was thus the first modern United States bank. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABPA ABPA Allergic bronchopulmonary aspergillosis ) has hired Kevin J. Gallagher as Senior Vice President and Chief Lending Officer. He brings with him over 25 years of Delaware Valley banking experience. Most recently, Gallagher was Executive Vice President and Chief Lending Officer for Continental Bank, where he was a key member of senior management from start-up in 2005 and responsible for origination and administration of 70 million in outstanding loans over the bank's first 10 months of operation. Over his extensive career, Gallagher has also served as Senior Vice President and Chief Lending Officer of First Penn Bank, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sun National Bank, and Executive Vice President and Chief Lending Officer of Republic Bank. He has also held lending positions with Fidelity Bank and Industrial Valley Bank. Gallagher earned a B.A. degree from Temple University and has taken many banking education courses within the industry and post-graduate business courses from Temple University, Holy Family University, and Arcadia University. He is a board member of the IHM Literacy Group. He is a member of the Philadelphia Chamber of Commerce, the Eastern Montgomery County Chamber of Commerce, as well as Robert Morris Associates. He enjoys music theatre and is a member of Jenkintown Music Theatre. Gallagher and his family reside in North Wales, PA. Allegiance Bank of North America is a Pennsylvania state-chartered full-service commercial bank formed in 1999, headquartered in Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. . The Bank offers a sophisticated package of services beyond traditional bank services, such as escrow account management, specialty real estate lending programs, internet banking and non-bank services including title insurance, real estate settlement services, financial planning, life and health insurance and retirement programs through its three subsidiaries, Allegiance Financial Services, Inc., AllSearch Abstract, LLC, and Paramount Mortgage and Capital, LLC. The common stock of the Company is traded on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol ABPA. The bank has branches in Bala Cynwyd, Old City Philadelphia, and new offices in King of Prussia King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical and Worcester. It will open in Berwyn in the fall of 2006. For more information, contact: Allegiance Bank, One Belmont Avenue, Suite 105, Bala Cynwyd, PA 19004, (610) 949-9500, www.allegbank.com Photo Available |
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