Dear Valued Customers,

As Firstrust Bank marks the anniversary of our first 90 years in operation, we celebrate our history while looking forward with confidence to our future, rich with opportunity and promise. Founded in 1934 by my grandfather and nurtured by my father, myself, and now Tim Abell, our CEO and President, Firstrust has evolved from humble beginnings into the largest family-owned financial institution in the region. Today, with $5.2 Billion in assets and nearly $600 Million in capital, 18 banking offices and over 500 employees, we are a pillar of safety, security and stability in Philadelphia’s banking market, surviving, and thriving where many competitors have not. Serving as Philadelphia’s Hometown Bank^® and the Official Bank of the Philadelphia Eagles and expanding south as Maryland’s Family-Owned Commercial Bank, our commitment to your prosperity extends across all the communities we are honored to serve.

In 2023, in the face of challenges such as historically rapid and dramatic interest rate hikes by the Federal Reserve and disruptions in the banking sector due to regional bank insolvencies, Firstrust has not merely weathered the storm but has emerged stronger. This resilience is a testament to our enduring commitment to long-term investment, prudent credit management, technological advancement, and above all, our unwavering dedication to serving you, our valued customers.

Recently, Firstrust was acknowledged as a top workplace by the Philadelphia Inquirer and USA Today. While we are honored by this recognition, we are satisfied that our staff believes it to be true and is reflected in our service to our customers. Our success is rooted in a strong culture built on our key value of possessing a missionary fervor to serve our customers.

At Firstrust, the core principles that guide us have remained unchanged since our inception. We rely on these pillars of our culture and the underlying fundamentals of our business to navigate challenges and seize opportunities, always with your best interests at heart.

As we look to the future, I am confident that our continued investment in our people and capabilities will enable us to stay ahead in the highly competitive banking industry. We are committed to attracting and retaining talent who share our values and our long-term vision, ensuring that Firstrust remains a trusted partner for generations to come.

Thank you for your continued trust and support. We are honored to serve you and look forward to continuing our pursuit of prosperity, together.  

Sincerely,

Richard J. Green
Executive Chairman & Owner