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Centric Bank Appoints Timothy J. Merrell as Director of Cash Management and Treasury Services

Timothy J. Merrel Centric Bank New Hire

HARRISBURG, PA (October 1, 2018) – Centric Bank has appointed Timothy J. Merrell as Senior Vice President, Director of Cash Management and Treasury Services. “Leading this effort in both our Philadelphia and Harrisburg service areas, Tim Merrell’s 20 years of experience and success in commercial banking, retail banking, and cash management make him the perfect partner for our growing commercial customers,” says Patricia (Patti) A. Husic, President & CEO of Centric Bank and Centric Financial Corporation (OTC Pink: CFCX).

“As we continue to build out our team in new Philadelphia regions and with deeper services to enhance cash management for businesses, we searched for a strong, experienced leader. Tim was not only the most qualified candidate, he was a true cultural fit for our organization,” says Husic. “Our services far exceed financial transactions, and we employ individuals who want to be part of an institution with purpose, who want to work with colleagues who feel like family. With trends toward touchscreen cash counters and visibility of cash-related data, Tim’s sales and support team will not only educate customers on critical cash management opportunities, but serve as a banking resource for our communities.”

“Centric Bank’s growth trajectory over the past ten years, their leadership in community banking, their service to small business customers and strong community relationships, and their track record of responsible, pro-business growth is energizing. They give Main Street the resources they need to compete nationally and beyond,” says Merrell. “I’m privileged to join the Centric team and look forward to adding value to grow, support, and sustain our business clients and lead Centric into new Philadelphia market areas.”

Merrell earned his BS in Business Administration from Peirce College, Philadelphia, PA, and holds a Certified Treasury Professional designation from the Association for Financial Professionals and a Certified Payments Professional designation from the Electronic Transactions Association.

“Our commercial services sector is foundational to our growth, and Tim has the experience, ambition, and collaborative spirit to lead our team in suburban Philadelphia and central Pennsylvania,” says Husic.

About Centric Financial Corporation and Centric Bank

An American Banker 2018 Best Bank to Work For, three-time Best Places to Work, and Top 50 Fastest-Growing Companies for six years, Centric Bank is headquartered in south central Pennsylvania with assets of $720 million and remains the leader in organic loan growth in central Pennsylvania. A locally owned, locally loaned community bank, Centric Bank provides highly competitive and pro-growth financial services to businesses, professionals, individuals, families, and the health care industry. Centric Bank ranks #8 in approved SBA 7(a) loans in the Commonwealth of Pennsylvania as of June 30, 2018, and ranked #110 in SBA 7(a) loan volume in the United States at the end of 2017. 

Founded in 2007, Pennsylvania-based Centric Bank has financial centers located in Harrisburg, Hershey, Mechanicsburg, and Camp Hill, loan production offices in Lancaster and suburban Philadelphia, and an Operations and Executive Office campus in Hampden Township, Cumberland County. To learn more about Centric Bank, call 717.657.7727 or visit Connect with them on Twitter, Facebook, LinkedIn, and Instagram.

Centric Financial Corporation is traded over the counter (OTC-Pink) with the ticker symbol CFCX.

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