The mortgage division of York Traditions Bank this week opened an office in Camp Hill and has started doing business as Traditions Mortgage.
The office – the first to open under the Traditions Mortgage brand and the bank’s first outside York County – will make only residential mortgages.
“It’s a statement to the realty community that York Traditions Bank supports their industry, and we are a full-service mortgage company,” said Teresa Gregory, the bank’s managing director of mortgage services.
Two mortgage staff members, Zachary Kuntz and Jessie Haller, joined the York Township-based bank last year. They are now working out of the Camp Hill office, at 3421 Market St.
The surrounding Cumberland County has been the fastest growing in the commonwealth this decade, according to the U.S. Census.
Established in 2002, York Traditions Bank launched a mortgage division with two people in January 2010. The residential mortgage team now counts 23 employees and has financed nearly 5,500 homes.
“Changing the mortgage division name to Traditions Mortgage emphasizes York Traditions Bank’s ongoing promise to serve the needs of Central Pennsylvania with a full suite of residential mortgage products and a reputation for on-time closings,” president and CEO of York Bank, Eugene Draganosky said in a statement.
Other changes also are underway for York Traditions.
Last December, the bank received regulatory approval to open its sixth retail location, its first in York city. Renovations on the building, which sits on a busy corner of Philadelphia and North George streets, will begin soon.
The bank plans to name a contractor in the coming weeks, according to Becker. The downtown office is slated to open later this year.
York Traditions Bank had net income of $970,000 in the last quarter of 2017 and $3.4 million over the whole year according to data from the Federal Deposit Insurance Corp. That is up from $518,000 in the last quarter of 2016 and $2.9 million over all of 2016.
The bank has $441.3 million in assets and currently operates five retail offices in York County.