Mid Penn Bank has launched a sports and entertainment division of its private bank. According to a press release, the new division will offer a wide range of financial products and services designed for people in the sports and entertainment business sector.
Services that the sports and entertainment sector can provide include wealth management, investment strategies, tax planning, and loan and credit solutions.
“From endorsement deals and sponsorship deals to strategic partnerships, our sports and entertainment professionals leverage our clients' brands to expand their impact in the world of sports and entertainment,” the press release said. is stated.
The sports and entertainment division will be led by Anthony Falco, a private banker in metro Philadelphia and eastern Pennsylvania. John Carpenter is a private banker in central and eastern Pennsylvania. The bank said it would provide customers with “personalized support” and stay ahead of industry trends and changes.
“We have the power of a $5 billion company with the feel of a boutique firm that caters to every client's situation,” Jordan Space, president and chief operating officer of Mid Penn Private Bank, said in a statement. said. “We feel that we have established a position in the market where we can offer remarkable value in this area. Trust and discretion are extremely important to our athletes and celebrities, as they are to all of our clients. We apply the highest standards of both to every relationship.”
Mid Penn's private bank is designed for high-net-worth and ultra-high-net-worth individuals, according to information on the bank's website. Customers receive advanced services such as banking products, asset management, trust and real estate services, insurance and risk management from their designated private banker.
Headquartered in Millersburg, Dauphin County, Mid Penn Bank (a subsidiary of Mid Penn Bancorp, Inc.) operates 49 branches throughout Pennsylvania and central New Jersey. The bank serves 17 counties in Pennsylvania, including Berks, Bucks, Chester, Lancaster, Montgomery, and Schuylkill.