Mid Penn Bank will launch a sports and entertainment division to offer financial products specifically designed for these business areas.
Mid Penn Bank, a wholly owned subsidiary of Mid Penn Bancorp Inc., said its private banking division will be led by industry experts with knowledge of sports and entertainment finance.
“We have the power of a $5 billion company with the feel of a boutique firm that caters to every client's situation,” said Jordan Space, president and chief operating officer of the private bank. Ta. “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.”
The Sports and Entertainment division will be led by Anthony Falco and John Carpenter, who will take a proactive approach to relationship management and stay on top of industry trends and changes that may impact the financial health of their clients. Mid Penn Bank said in a statement that it will be proactive.
The bank said the team will provide a wide range of services ranging from wealth management, investment strategies, tax planning, and loan and credit solutions.
The bank said its industry network allows the team to connect clients with the right partners and opportunities, such as endorsement deals, sponsorship deals and strategic partnerships.