Penn Security Bank …Serving Customers in Northeastern Pennsylvania for over 100 years.
Founded in 1902, Penn Security Bank and Trust Company is a wholly owned subsidiary of Penseco Financial Services Corporation with headquarters located at 150 North Washington Avenue in Scranton, Pennsylvania. We maintain 13 full-service banking locations as well as a Loan Center in Kingston, PA and a network of ATMs throughout Lackawanna, Luzerne, Monroe and Wayne Counties.
Although the bank was originally founded as the South Side Bank & Trust Company, the bank changed its name after acquiring the First National Bank of Moscow in 1966 and East Scranton State Bank in 1971. The addition of the Green Ridge Bank, as well as new offices in Central City, Clarks Summit, Gouldsboro, Mount Pocono and East Stroudsburg were added as the bank continued to grow. This growth continued as the bank acquired the Old Forge Bank in April of 2009. In October 2012, our newest location was opened for business in the Minooka section of Scranton on the corner of Birney Avenue and Davis Street, bringing the total number of branches to 13. Penn Security Bank also recently opened a Loan Production Office in the New Bridge Center in Kingston, PA, and there are plans to open a full-service branch in Luzerne County in late 2013.
The bank offers a wide range of personal and business accounts and services including Trust & Investments and Brokerage services. In addition, we maintain an in-house full-service merchant services department providing credit and debit card processing for our customers. We also offer both MasterCard® and Visa® Credit Cards. Unlike many of our competitors, we issue and process your cards locally with no third party involvement. And, we personally answer questions regarding your account and help settle a dispute if the need arises.
We remain committed to the communities we serve as evidenced by the financial support we provide to local organizations through the bank’s Charitable Giving Program and the Penn Security Charitable Foundation.
In late 2008, the bank introduced a new brand to customers, employees and the residents of our local communities that symbolizes the strength of the bank. At the same time the bank formalized its core values. Penn Security Bank remains one of the strongest banks in the country with a capital to asset ratio that is more than double the “Well Capitalized” ratio set by the Federal Regulators.
Looking to the future, we look forward to helping our customers achieve their financial goals, create a work environment where our employees can develop professionally and help make our local communities better places to work and live. We will do this by focusing on our core values and company vision to become the premier financial services company in Northeastern Pennsylvania as measured by quality, earnings and growth.