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Summit Hill to soon lose its only bank

Published September 26. 2011 05:03PM

Summit Hill's only bank, First Niagara, will be closing its doors in early 2012.

First Niagara Eastern Pennsylvania Regional Sales Manager Joseph Tedesco said, "We anticipate that the Summit Hill branch will close in early 2012. The Summit Hill branch (2 E. Ludlow St.,) will be received by the Lansford Branch (13 West Ridge St, Lansford)."

He added, "We have prepared since the spring to make this a smooth and seamless transition for customers. Customers can continue banking at any remaining First Niagara location and will have complete access to their accounts. All customers will receive written notification at least 90 days prior to closing.

"In terms of our employees, many of the branch personnel will be relocating. This will ensure that our customers will continue to benefit from excellence in customer service," commented the sales manager.

The Summit Hill branch of First Niagara, located at the corner of Chestnut and Ludlow streets, was the former Summit Hill Trust Company.

As Summit Hill Trust Company, it existed in the community from December 1919 until June 1, 1992, when it was acquired by the Harleysville National Bank.

In July 2009, First Niagara Financial Group, based in Lockport, N.Y., a suburb of Buffalo, announced it was acquiring Harleysville National Corporation for $237 million in stock.

The acquisition included the branches of Harleysville in Lansford, Mahoning Township, Palmerton, Slatington, and Walnutport.

Tedesco commented, "We're investing in growth in Pennsylvania, strengthening branches in locations our customers frequent, opening new commercial banking offices, and opening new state-of-the art back office and support facilities in the state.

"Since First Niagara started doing business in Pennsylvania in 2009, we have dramatically increased lending here, invested heavily in community organizations and philanthropy, and continue to execute our plans to thrive and grow here. To support that growth, we're expanding and hiring in many areas of our company across Pennsylvania. First Niagara continues to be very excited about the Eastern Pennsylvania marketplace, where we expect to continue growing.

"We appreciate our customer's loyalty and commitment to First Niagara as we continue to improve our operations in order to provide better banking services and products across our operations," added Tedesco."

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