Recent mergers and acquisitions in the Greater Lehigh Valley have created opportunities for community banks to enlarge their footprint in the region.
The latest example is Tompkins VIST Bank, based in Wyomissing, which is opening a branch in Boyertown on Dec. 5.
At 101 E. Philadelphia Ave., it will be the bank’s 20th branch.
“For us, this was a hole in our market,” said Paula Barron, senior vice president of retail banking for Tompkins VIST Bank. “We have an office in Birdsboro and we go down to Oaks, and then we opened a branch in Pottstown. What we are trying to do is fill in some blanks left by mergers.”
The bank has a significant presence in Berks and Montgomery counties as well as a location in Schuylkill County and another in Delaware County.
At this time, Tompkins VIST Bank does not have any plans to open locations in Lehigh or Northampton counties, Barron said.
The Boyertown branch was a Susquehanna Bank branch that closed after BB&T’s 2015 acquisition of Susquehanna.
At its new Boyertown branch, Tompkins VIST will include a drive-up window, night drop box and drive-up ATM, in addition to wealth management services, insurance and traditional banking services, Barron said.
“We are a community bank, we hire local people, we are going to have a community room for nonprofits,” Barron said.
The bank will have four employees in the office, all local to the Boyertown community, she said.
Tompkins VIST is looking to increase its consumer and commercial lending and mortgage services at this branch, she added.
As of Sept. 30, Tompkins VIST has $1.56 billion in assets, she said.