About Us

Message from the President

June 1, 2010

Physicians National Bank maintains near $20 million in funded loan commitments with a pipeline suggesting an additional 20% growth through the end of 2010. Compensating core deposit balances report approximately 25% of total assets, an important metric relating to underlying interest margins and profitability.

Management expects the combined Bank to report a small loss for the first six months of 2010 considering heavy restructuring charges taken in the first quarter. However, underlying profit and margin trends are positive and Management anticipates monthly recurring profits in the second half of the year.

We continue to believe that the healthcare banking market, in terms of credit quality and earnings stability, is a valuable niche opportunity with significant growth potential.  In a continued unstable banking environment, we believe we will demonstrate ongoing growth in local credit worthy assets and customer relationships in this banking division.

I welcome any customers, prospects, shareholders or other stakeholders to contact me directly with any questions or feedback at 484.455.2810 (direct dial) or 610.209.1890 (mobile).

Grant M. Conway
President & COO