Dr. Teresa Gregory has taken the helm as president of Traditions Mortgage, a division of York Traditions Bank.
Gregory joined the York Township-based bank as the managing director of the executive leadership team in January 2010 and helped launch the mortgage services division. Since then, the residential mortgage team has grown from two to more than 20 associates. The division has financed nearly 5,500 homes.
Her contributions to the success of the entire organization are significant, said Eugene Draganosky, president and CEO of York Traditions Bank.
“She has an innate ability to recognize talented people and harness their potential for growth,” he said in a statement. “Dr. Gregory’s depth of knowledge makes her an undisputed expert in the field, both locally and nationally, and we are fortunate to have her as part of our leadership team.”
The mortgage division of the bank opened an office in Camp Hill earlier this year and began doing business as Traditions Mortgage. The establishment was the bank’s first office in Cumberland County and processes only residential mortgages.
“When I joined the bank in 2010, our goal was to make York Traditions Bank the very best mortgage provider in York County,” Gregory said. “Expanding the success of Traditions Mortgage beyond the York County borders allows us to help even more Central Pennsylvania residents realize their home ownership dreams.”
Gregory, an alumnus of William Penn High School in York, holds a bachelor’s degree in marketing and a master’s degree in finance and accounting, both from York College of Pennsylvania, where she is an adjunct professor of finance.
In 2016, Gregory earned a doctorate of business administration from Walden University in Minneapolis, Minnesota. She serves on the board of York Builders Association and York Area Housing Group and is a past board member of York Benevolent Association and Community Progress Council.
Prior to joining York Traditions, she held the role of senior vice president; and secondary market and operations manager of Fulton Mortgage Co., which is headquartered in Lancaster.
York Traditions Bank reported net income of $1.146 million in the second quarter of 2018, up from $754,000 from the second quarter of 2017, according to a news release.
The bank has $455 million in assets and currently operates five retail offices in York County. It expects to open its sixth branch office, its first in York City, in early September.