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Tag: south central

F&M Trust to open first Maryland office 

Chambersburg-based independent community bank F&M Trust plans to open its first office in Maryland early next year. 

F&M Trust announced this week that it will be opening a new office at 83 W. Washington St., Hagerstown, Maryland in 2022. The location is the first F&M Trust community office located outside of South Central Pennsylvania. 

The company currently has 21 community offices in Franklin, Fulton, Cumberland and Huntingdon counties. The company has approximately $1.7 billion in assets. 

The Maryland office is not the only real estate project the bank plans to complete in 2022. 

Earlier this year, F&M Trust completed the purchase of its new 1500 Nitterhouse Drive, Chambersburg headquarters. It purchased the 67,000-square-foot building for $7 million and sold its 20 South Main Street headquarters for $3.3 million. 

F&M is currently operating at the 20 South Main Street headquarters under a lease agreement until its new facility finishes renovations in late 2022. 

Customers Bank launches South-Central PA commercial banking team 

West Reading-based Customers Bank launched a new commercial banking team that will work with privately owned businesses with revenue between $5 million and $100 million throughout the Midstate. 

Working primarily from home and through in-person visits, Customers Bank’s new team will cover Cumberland, Dauphin, Lancaster, Lebanon and York counties.  

The initiative is part of a greater expansion by the bank, which has seen it open new commercial banking offices in Orlando, Florida and Dallas, Texas and expanding its presence in the Midwest through its base in Chicago. 

The South-Central Pennsylvania commercial banking team offers expertise in the real estate, financial services and technology industries, according to a press release from Customers Bank. It will work with clients on capital financing, owner-occupied mortgage financing, treasury management solutions and cash management needs. 

“Our model serves businesses and their principals of all sizes and provides them with remarkable banking experiences,” said Robert Fischer, executive vice president and chief lending officer, PA/NJ market for Customers Bank. “We focus on the relationship between the banking team and the client to determine how we can provide them the best service, rather than letting the size and complexity of the business determine the level of support they receive.” 

Fischer will be responsible for directing the team. He is joined by Zachary Flynn, the bank’s new senior vice president, market executive and Stephen Goodrich, senior vice president, commercial lending. 

Goodrich joins the bank after 19 years of commercial banking experience in Lancaster, York and Harrisburg. 

The team plans to open an office in the region early next year. Customers Bank also owns a small space in downtown Lancaster, where some of the dealings through the team may occur, according to a Customers Bank spokesperson. 

WellSpan Health and Gateway health announce value-based partnership

WellSpan Health is partnering with Pittsburgh-based managed care organization Gateway Health Plan in a move the two organizations say will lower health care costs for Gateway’s 24,000 Medicaid members living in South Central Pennsylvania.

Gateway and York-based WellSpan announced this week that they entered a value-based partnership agreement that will allow the two entities to utilize data insights to improve the health outcomes for WellSpan patients with Medicaid through Gateway.

The agreement will also let WellSpan lower health care costs for Gateway’s Medicaid members through value-based programs where it will receive incentives for meeting health care quality and cost-reduction targets.

“Gateway Health is proud to partner with WellSpan to provide our Medicaid members with enhanced value-based care that they can really count on,” said Ellen Duffield, COO at Gateway Health. “We are committed to connecting our members to the type of care they need to live healthier lives and achieve not just physical health, but whole life health.”

The two organizations intend to proactively contact Gateway’s Medicaid members without a primary care provider and address their barriers to care to help avoid costly emergency department visits in the future, WellSpan wrote in a press release on Thursday.

“A key driver in growing our relationship with Gateway Health is learning more about the most effective ways to provide care to patients that promotes lifelong wellness,” said Dr. Geoff Nicholson, Jr., senior vice president of population health at WellSpan. “Together, we can keep patients healthier and strive for a shared vision of higher quality care at lower costs.”