Executives at Centric Financial Corporation named William T. McGrath as executive vice president and chief credit officer of the Harrisburg-headquartered Centric Bank, as the financial institution seeks to grow its share of the Philadelphia and central Pennsylvania financial markets.
Hot off opening two new branch locations in 2019, Centric Bank will be looking to McGrath to assess aggregate risk in the bank’s loan portfolio in addition to supervising all other credit-related areas such as company policy and procedures relating to underwriting and credit administration. Centric has locations in Dauphin, Cumberland, Lancaster, Bucks and Chester counties.
“As Centric Bank continues its legacy of diversified, quality loan growth with turnaround times and results that exceed customer expectations, Bill’s expertise, proven judgment and credit discipline are integral to maintaining a strong credit culture as we strategically position the bank for continued growth,” President and CEO Patricia A. Husic said in a written statement.
McGrath comes from DNB First, a $1.2 billion community bank in the greater Philadelphia region where he served as senior vice president and chief credit and risk officer. Over the course of a three-and-a-half-decade career in banking, McGrath has earned respect of industry peers by establishing auditing and regulatory practices for financial institutions, creating underwriting procedures for commercial loans and developing efficient credit processes.
Centric Financial executives appointed Jacqueline M. Fahey as senior vice president and Bucks County market leader last week. Citing her “proven track record of success in commercial lending, specifically commercial and industrial, commercial real estate and small business lending,” company officials said they hope to leverage her 15 years of commercial banking experience to lead growth in Bucks County and expand the bank’s presence in the Philadelphia metro area.
“I am incredibly honored to join Patti Husic and Centric Bank as they expand in my hometown region,” Fahey said, adding that she was drawn to Centric Bank because of the “personal connection” staff members establish with clients. “They provide the personal connection of a community bank but are powered by products, services and technologies typical of much larger institutions. I am inspired by the impact Centric Bank is having on our clients, our partners and our community, and I am thrilled to introduce new customers to the Centric Way of Banking.”