John Dean, Ambler Savings Bank Joins BCEDC
Local community banks constitute 96 percent of all banks and make more than half of the small business loans in the US. In Montgomery County, Ambler Savings Bank stands as one of the few, true community banks remaining. Founded in 1874 in downtown Ambler, the purpose of the then Building and Loan Association was simple: To provide affordable home financing.
More than 140 years later and Ambler Savings Bank is still striving for the same goal. Although the name has changed to better reflect the full service bank, the mission to provide affordable home loans, as well as affordable banking services, still remains.
(From left) Marr Barr, Commercial Lending Credit Analyst; John Dean, Vice President of Commercial Lending; Helen Henderson, Commercial Lending Credit Analyst; Patrick Rice, Vice President of Commercial Lending.
Businesses of all sizes appreciate Ambler Savings Bank’s convenience and ease. Whether the business is looking for cash management solutions, a flexible line of credit, a small business loan, or simply a better small business checking account, Ambler Savings Bank has the tools to help businesses be successful. The commercial lending department alone has over 100 years of experience in banking and lending. Underwriting, credit decisions, and servicing are all done locally and in house.
Amber Savings Bank does business entirely in Southeastern Pennsylvania. Small business lending is channeled right back into these neighborhoods, keeping the local communities vibrant and growing.
The bank re-invests directly back into the neighborhoods, with donations to chamber and main street organizations, local civic groups, and projects that benefit children and the area’s low-income families. Employees at Ambler Savings Bank also spend time volunteering with organizations such as Relay for Life, Rotary Club, Kiwanis, and Expressive Path.
Ambler Savings Bank currently has four branches in Montgomery County: Ambler, Fairview Village, Schwenksville and Limerick. The main office in Ambler was reopened in April 2016 after 18 months of extensive renovations. All four branches offer dedicated, professional bankers and loan officers to provide the highest level of service to customers.