Traditions Bank plans to open new Lancaster bank

Lancaster County plans to open a second Traditions Bank. Subject to customary regulatory approvals, the location for the new 2,625-square-foot office will be 2160 State Road in East Hempfield Township. 

The anticipated opening for the full-service branch is 2023. It will mark the second Traditions Bank opening in Lancaster since April 2021. 

Traditions Bank is a subsidiary of Traditions Bancorp. It has seven full-service branch offices in the Lancaster, York, and Hanover areas, and a loan production office in Lemoyne. Its administrative headquarters are in York. 

“Twenty months after opening our first location, we are delighted that our customized financial solutions and culture of service have been welcomed and embraced,” shared CEO Eugene Draganosky said in a statement. “We look forward to further expanding our presence in this compelling market.” 

The State Road property sits approximately five miles from the Traditions Bank branch at 1687 Oregon Pike. The new building will be located next to Sheetz and across from the Penn State Health Lancaster Medical Center, situated between Harrisburg Pike and Route 283. Construction of the new building is expected to take six months, and a build-out of the branch is anticipated to require an additional six months. 

To lead expansion efforts into Lancaster, banking veteran Thomas J. Sposito II joined the Traditions Bank team in June 2020. He was named President of Traditions Bank in September 2022. 

“To be able to bring the values of a true community bank to the place I call home is a career dream,” said Sposito. “We are incredibly excited to grow our presence in the vibrant Lancaster community.” 

Tradition Bank’s Oregon Pike branch was opened by Lancaster banker Michael Frey. He was appointed president of the Lancaster Region and leader of its retail division across all markets in November 2022. 

“I’ve long admired Traditions Bank for its ability to stay true to its mission of helping friends and neighbors make their mark,” Frey said. “To watch that mission come to life in Lancaster over the past year-and-a-half has really been fulfilling. This new branch will only enhance our ability to deliver on our brand promise.” 

The State Road branch will employ universal retail bankers, commercial bankers, and residential mortgage lenders.