MEMBERS’ CORNER

  • Sattler Named Executive Vice President & Chief Financial Officer of Covenant Bank
  • Berkshire Hills Bank to Acquire 44 Business Capital, LLC
  • St. Mary Earns ‘Top Performer on Key Quality Measures’ from Joint Commission
  • Do You Know About The Yellow Dot Program?

Sattler Named Executive Vice President & Chief Financial Officer of Covenant Bank

Aaron Sattler has been named Executive Vice President & Chief Financial Officer of Covenant Bank.

“Aaron is well respected for his expertise, especially in disciplines such as financial analysis, planning, and forecasting. He has been successful at previous employers such as NBC/Universal, Sears Holdings Company, and most recently as Senior Director of Finance and Operational Analysis at NBTY, Inc., headquartered in Long Island, New York. We are excited and energized by what he can bring to us a Chief Financial Officer for what promises to be a rapidly growing Covenant Bank,” stated John C. Spier, President and CEO.

Sattler added, “I am thrilled to join Covenant Bank, and I am excited about our potential to enhance and serve this outstanding community.”

Sattler earned his bachelor of arts degree in finance and management information systems from Cedarville University in Cedarville, Ohio.

Covenant Bank is a locally owned, commercial bank headquartered in Doylestown, Pennsylvania. For more information, call (267) 327.4910 or visit www.YourCovenantBank.com. Member FDIC.


Berkshire Hills Bank to Acquire 44 Business Capital, LLC

44 Business Capital LLC, the exclusive SBA Lender Service Provider for Parke Bank, announced today that it has signed an agreement to be acquired by Berkshire Hills Bank of Pittsfield, MA.

The transaction is anticipated to close during the first quarter of 2016. The acquisition will include the entire staff of 44 Business Capital as well as the SBA 7a loan portfolio 44 helped build at Parke Bank. 44 Business Capital has been instrumental in helping Parke Bank establish itself as the #1 volume SBA lender in the Philadelphia District Office of the SBA. Berkshire will look to 44 Business Capital to scale this performance to both a regional and national level in the future.

“Parke Bank has been a great partner over the past 6+ years. We’ve accomplished great things together.” stated Greg Poehlmann, 44 Business Capital President. “As 44 Business Capital becomes part of the Berkshire Hills Bank family, we will be able to leverage our staff’s national experience to build out an exceptional SBA lending platform that will serve the SBA’s mission on a larger scale.” continued Poehlmann. “On behalf of my partners and 44 Business Capital staff, we’d like to thank Parke Bank, its employees and its Board of Directors for our partnership over the past six years and allowing us to leverage our collective experience to deliver the mission of the US Small Business Administration. We are extremely excited to become part of Berkshire Hills Bank, “America’s Most Exciting Bank”, and look forward to establishing ourselves collectively as a major player in the SBA lending market, both regionally and nationally.”

Houlihan Lokey served as exclusive financial advisor to 44 Business Capital in connection with this transaction while Blank Rome and Cooper Levenson represented 44 Business Capital. Luse Gorman represented Berkshire Hills Bank

44 Business Capital provides SBA Loan Assistance to Small Businesses in Philadelphia, Pennsylvania, New Jersey, Delaware, Baltimore MD, Northern VA, and Washington DC. For further information, please contact 44 Business Capital at 215.985.4400 or online at 44businesscapital.com. The main office is located in Montgomery County at 1787 Sentry Parkway West, Suite 200 Building 16, Blue Bell, PA 19422. Greg Poehlmann, President, 44 Business Capital LLC, 215.985.4400 extension 229.


St. Mary Earns ‘Top Performer on Key Quality Measures’ from Joint Commission

Patients can benefit from evidence-based care focused on healthy outcomes.

St. Mary Medical Center in Langhorne, PA has been recognized as a Top Performer on Key Quality Measures® for 2015 (using 2014 data) by The Joint Commission, the leading accreditor of health care organizations in the United States.

The hospitals were recognized as part of The Joint Commission’s 2015 annual report “America’s Hospitals: Improving Quality and Safety,” for attaining and sustaining excellence in accountability measure performance.

St. Mary Medical Center is licensed for 373 beds by the Commonwealth of Pennsylvania and accredited by the Joint Commission.For more information about St Mary’s Medical Center, www.stmaryhealthcare.org.


Do You Know About The Yellow Dot Program?


This program assists citizens in the “golden hour” of emergency care following a traffic accident when they may not be able to communicate their needs themselves. Placing a Yellow Dot decal in your vehicle’s rear window alerts first responders to check your glove compartment for vital information to ensure you receive the medical attention you need.

The program is a cooperative effort between PennDOT, the Dept. of Health and Aging, the State Police, the Turnpike Commission, first responders and local law enforcement.

For more information and how to participate in the program visit www.penndot.gov/TravelInPA/Pages/Yellow-Dot.aspx#.VmtILRqDFBc