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November - December 2021

Our services include:

• Real estate site selection for financial institutions
• Disposition of vacant branches and under-performing assets
• Sale-leaseback of bank-owned real estate
• Purchase or sale of real estate for family trusts

• Sale of income-producing properties

Compiled for your information by:
Edward Ginn, 484.417.2201, eginn@equityretailbrokers.com
David Goodman, 484.417.2219, dgoodman@equityretailbrokers.com
David Laiter, 484.482.2550, dlaiter@equityretailbrokers.com

Visit our website to see a complete list of our properties currently available:

 

FOR SALE  FOR LEASE

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Stock Summary (Alphabetical)

 

Stock Summary - Some Publicly Traded Banks Operating in Philadelphia Metro Market
Company Symbol Close of Business 12/31/2020 Close of Business 12/31/2021 % Change From 12/31/20 to 12/31/2021 52-Wk High -As of Close of Business 12/31/2021 52-Wk Low -As of Close of Business 12/31/2021 Price/Book As of Close of Business 12/31/2021
Dow Jones Industrial Average ^DJI 30,606.48 36,338.30 18.73% 36,679.44 29,856.30 -
NASDAQ Composite ^IXIC 12,888.28 15,644.97 21.39% 16,212.23 12,397.05 -
S&P 500 ^GSPC 3,756.07 4,766.18 26.89% 4,808.93 3,662.71 -
Financial Select Sector SPDR Fund XLF 29.48 39.05 32.46% 40.86 28.82  
1st Colonial Bancorp, Inc. FCOB $7.76 $9.54 22.94% $10.01 $7.76 0.80
Banco Santander, S.A. SAN $3.05 $3.29 7.87% $4.38 $2.92 0.53
Bank of America Corporation BAC $30.31 $44.49 46.78% $48.69 $29.57 1.46
Bryn Mawr Bank Corporation BMTC $30.59 $45.01 47.14% $50.29 $29.83 1.36
Citigroup Inc. C $61.66 $60.39 -2.06% $80.29 $57.40 0.66
Citizens Financial Group, Inc. CFG $35.76 $47.25 32.13% $51.54 $34.92 0.94
Citizens & Northern Corporation CZNC $19.84 $26.12 31.65% $27.99 $18.98 1.33
First Bank FRBA $9.38 $14.51 54.69% $15.90 $8.78 1.08
Fulton Financial Corporation FULT $12.72 $17.00 33.65% $18.41 $12.41 1.05
Harleysville Financial Corporation HARL $21.50 $24.96 16.09% $27.00 $21.34 1.16
Investors Bancorp, Inc. ISBC $10.56 $15.15 43.47% $16.35 $10.40 1.31
JPMorgan Chase & Co. JPM $127.07 $158.35 24.62% $172.96 $123.77 1.85
KeyCorp KEY $16.41 $23.13 40.95% $24.57 $16.03 1.37
Lakeland Bancorp, Inc. LBAI $12.70 $18.99 49.53% $19.43 $12.40 1.11
M&T Bank Corporation MTB $127.30 $153.58 20.64% $168.27 $125.45 1.24
Malvern Bancorp, Inc. MLVF $15.50 $15.67 1.10% $19.38 $15.12 0.82
Meridian Corporation MRBK $20.80 $36.77 76.78% $38.07 $18.50 1.41
OceanFirst Financial Corp. OCFC $18.63 $22.20 19.16% $25.76 $18.06 0.83
Parke Bancorp, Inc. PKBK $15.60 $21.28 36.41% $23.92 $15.21 1.14
Provident Financial Services, Inc. PFS $17.96 $24.22 34.86% $25.98 $17.50 1.09
Prudential Bancorp, Inc. PBIP $13.85 $13.58 -1.95% $15.95 $11.15 0.85
QNB Corp. QNBC $32.05 $36.00 12.32% $40.00 $31.02 0.94
Quaint Oak Bancorp, Inc. QNTO $14.76 $19.00 28.77% $19.95 $14.75 1.21
Republic First Bancorp, Inc. FRBK $2.84 $3.72 30.99% $4.61 $2.73 0.65
S&T Bancorp, Inc. STBA $24.84 $31.52 26.89% $35.80 $24.20 1.01
The Bancorp, Inc. TBBK $13.65 $25.31 85.42% $33.36 $13.26 2.32
The Bank of Princeton BPRN $23.41 $29.33 25.29% $31.31 $21.26 0.92
The PNC Financial Services Group, Inc. PNC $149.00 $200.52 34.58% $217.60 $141.60 1.51
The Toronto-Dominion Bank TD $56.42 $76.68 35.91% $77.20 $56.02 1.84
Tompkins Financial Corporation TMP $70.60 $83.58 18.39% $92.80 $66.83 1.62
Truist Financial Corporation TFC $47.93 $58.55 22.16% $65.42 $46.71 1.27
Univest Financial Corporation UVSP $20.58 $29.92 45.38% $30.95 $20.16 1.12
Wells Fargo & Company WFC $30.18 $47.98 58.98% $52.57 $29.40 1.19
WSFS Financial Corporation WSFS $44.88 $50.12 11.68% $56.08 $40.64 1.24

 

Debt Credit Ratings

 

Long-term Debt Credit Ratings

Bank

S&P

Moody's

Bank of America

A-

A2

BB&T

A-

A2

BMO Harris Bank

A+

Baa1

CapitalOne Bank

BBB+

Baa1

Citi Bank

A+

Aa3

Citizens

A-

Baa1

Chase Bank

A+

Aa2

Fulton Financial

-----

Baa1

Investors Bank

BBB

-----

KeyBank

A-

A3

M&T Bank

A-

A3

PNC Bank

A

A2

Santander Bank

BBB

Baa1

SunTrust

A-

A3

TD Bank

AA-

Aa1

Wells Fargo

A+

Aa2

 

Financial Articles (By Company)

 

Date Posted  Reference/Company Article Source
12/9/21 Bank of America Bank of America targets new banking customers among its wealth clients Yahoo Finance
12/8/21 Bank of America Bank of America to close 2 South Jersey branches  Philadelphia Business Journal
12/23/21 Bank of America / Wells Fargo Bank of America, Wells Fargo temporarily close hundreds of branches, including some in Philadelphia Philadelphia Business Journal
12/9/21 Citadel Phil Sutliff Joins Citadel as Head of Business Banking Philadelphia Business Journal
12/15/21 Citizens Bank Citizens continues M&A spree with NYC investment bank Philadelphia Business Journal
12/16/21 Customers Bank After almost doubling in size, Customers Bank rebrands Philadelphia Business Journal
12/3/21 Customers Bank Claudy Geraldino Joins Customers Bank as VP, Small Business Relationship Manager Philadelphia Business Journal
12/14/21 Investor Cash Management Why a fast-growing Chicago fintech firm chose Wilmington for HQ, hundreds of new jobs Philadelphia Business Journal
12/17/21 JPMorgan Chase & Co. J.P.Morgan Securities to pay $200 mln to settle U.S. regulatory charges on record-keeping lapses Yahoo Finance
12/9/21 JPMorgan Chase & Co. Chase ups overdraft protection as trend of banks adding new features continues  Philadelphia Business Journal
12/9/21 KeyBank KeyCorp aims to hire more bankers, offers new perks to help recruit and retain  Philadelphia Business Journal
12/6/21 Meridian Bank Meridian Bank buys building in Exton after outgrowing Malvern headquarters Philadelphia Business Journal
12/16/21 PNC Bank PNC shuttering 18 branches, including one in the Philadelphia region Philadelphia Business Journal
12/10/21 Republic Bank Republic First says it wants to interview board candidates of activist investor  Philadelphia Business Journal
12/10/21 Tompkins VIST Bank Ginger Kunkel Joins Tompkins VIST Bank as EVP, Chief Operating Officer Philadelphia Business Journal
12/2/21 Univest  Univest continues march into Central Pa. with insurance brokerage acquisition Philadelphia Business Journal
12/21/21 Wells Fargo Wells Fargo postpones its return-to-office indefinitely Philadelphia Business Journal
12/14/21 WSFS Bank WSFS launches $2.3M ad campaign for Bryn Mawr deal, despite it not yet closing Philadelphia Business Journal
12/29/21 WSFS Bank / Bryn Mawr Trust 2021 in Review: What the $976M WSFS-Bryn Mawr deal means for the local banking industry Philadelphia Business Journal
12/20/21 WSFS Bank / Bryn Mawr Trust WSFS-Bryn Mawr merger set to close Jan. 1 after earning final regulatory approval Philadelphia Business Journal
 
Financial Articles (General)

 

Date Posted  Reference/Company Article Source
12/28/21 General 2021 in Review: Here's how many local branches big banks closed as consolidation ramped up Philadelphia Business Journal
12/13/21 General Are overdraft fees becoming a thing of the past? Yahoo Finance
12/6/21 General What's fueling the surge in profits at Pennsylvania banks Philadelphia Business Journal
12/1/21 General Banks reap big profits as economy rebounds from Covid-19 Philadelphia Business Journal
12/1/21 General Pennsylvania banks see surge in 3Q profit Philadelphia Business Journal

 

Interest Rate Summary

 

Equity Retail Brokers - Capital Markets Review - Leading Rates
 
US Treasuries Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
3 Month Treasury 0.03 0.05 0.03 0.04 0.06
6 Month Treasury 0.18 0.11 0.04 0.05 0.08
1 Year Treasury 0.38 0.20 0.07 0.07 0.10
2-Year 0.73 0.58 0.28 0.25 0.12
5-Year  1.26 1.19 0.98 0.89 0.36
10-Year  1.51 1.47 1.50 1.47 0.91
30-Year 1.90 1.81 2.06 2.09 1.64
 
Key Rates Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
Fed Funds Rate  0.07 0.08 0.08 0.05 0.08
Federal Reserve Target  0.25 0.25 0.25 0.25 0.25
Prime Rate 3.25 3.25 3.25 3.25 3.25
 
Muni Bonds - Yields Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
1-Year 0.19 0.19 0.18 0.14 0.13
2-Year  0.25 0.24 0.18 0.16 0.14
5-Year  0.60 0.61 0.55 0.51 0.22
10-Year 1.05 1.07 1.13 1.00 0.69
30-Year 1.54 1.55 1.73 1.57 1.47
 
Libor Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
1-Month Libor 0.10 1.38 0.08 0.10 0.15
3-Month Libor 0.22 1.31 0.13 0.14 0.25
6-Month Libor 0.33 1.25 0.16 0.16 0.26
1-Year Libor 0.54 1.25 0.24 0.25 0.34
 

Banks for Sale

 

Below is a list of some single tenant net lease bank investment properties that are currently for sale in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, West Virginia, and Washington D.C. This list of available Investment Properties is intended for the use and benefit of Equity Retail Brokers current and prospective commercial real estate investment clients. The list is compiled for our clients to give them an understanding of current pricing of Net Lease bank properties in the region.  The information has been gathered from a variety of sources. Some of these properties are listed by Equity Retail Brokers, while others are listed by other brokers or are being directly marketed by the owner.  However they are listed, we at Equity Retail Brokers, either as a dual or a buyer's agent, can represent our client's interest in obtaining information and negotiating the purchase of any of the properties.

 

Bank City State Asking Price Cap Rate Lease (Years Left) Lease Type Lease Increases 2021 Deposits
Chase Bank Ambler PA $4,428,571 3.50% 14.9 Ground 10% every
5 years
New Branch
Chase Bank Moorestown NJ $6,250,000 4.00% 20 Ground 10% every
5 years
New Branch
Truist Bank New Freedom PA $3,394,000 4.00% 18 NNN 2.5% annually $98,990,000
PNC Bank Orange NJ $5,250,000 4.00% 20 Ground 12% every
5 years
New Branch
Citizens Bank Pittsburgh PA $5,000,000 4.00% 10 NNN 10% every
5 years
New Branch
Santander Bank Woodbridge Twp NJ $3,450,000 4.00% 8 NNN In Options $114,107,000
PNC Bank Belle Vernon PA $2,329,412 4.25% 20 Ground 10% every
5 years
New Branch
Truist Bank Hyattsville MD $9,615,000 4.35% 14.9 NNN 15% every
5 years
$72,191,000
Citizens Bank Exton PA $1,318,644 4.50% 18.5 NNN 10.3% in 2025 $121,533,000
Bank of America Parsippany-Troy Hills NJ $8,089,000 4.50% 9.6 NNN 12% every
5 years
$117,292,000
Chase Bank Pittsburgh PA $1,915,933 4.50% 15 Ground 10% every
5 years
New Branch
Haven Savings Bank Madison NJ $2,973,310 5.00% 5.1 NNN 15% every
5 years
$55,849,000
Investors Bank Flemington NJ $3,816,000 5.25% 7 NNN 7% every
5 years
$106,019,000
Wells Fargo Fairfax VA $7,700,000 5.50% 6.8 NNN 10% every
5 years
$253,659,000
PNC Bank Macungie PA $2,626,966 5.50% 2.8 Ground 13% every
5 years
$82,725,000
Huntington Bank Clarksburg WV $4,560,000 5.75% 10 NNN Unknown $158,860,000
PNC Bank La Plata MD $2,750,000 5.75% 6 NNN Unknown $201,813,000
Citizens Bank Wilmington DE $1,067,000 6.00% 5.9 NNN 2% annually $70,421,000
Wells Fargo Woodbridge VA $2,883,833 6.00% 3 Ground 10% in options $119,482,000
Investors Bank Hamilton Twp NJ $3,200,000 6.05% 8 Ground Unknown $94,632,000
Bank of America Broomall PA $5,324,000 6.25% 8 NNN 10% every
5 years
$37,285,000
Bank of America Clifton NJ $3,920,000 6.25% 5 NN Unknown $242,339,000
Truist Bank Fairmont WV $1,440,000 6.25% 5 Ground 10% in options $36,536,000
Bank of America Wayne PA $6,723,568 6.25% 5.9 NNN 10% or CPI every 5 years $58,377,000
Citizens Bank Shippensburg PA $615,390 6.50% 4 NNN Unknown $39,978,000
Truist Bank Manakin-Sabot VA $2,895,000 6.65% 5.2 NNN 3% annually $55,575,000
PNC Bank Fredericksburg VA $6,990,000 6.73% 8 Ground 11% every
5 years
$91,967,000
1st Constitution Bank Hamilton Twp NJ $1,872,000 6.75% 2 NNN 2% annually $38,054,000
Citizens Bank Upper Darby PA $1,703,703 6.75% 5 NNN Unknown $96,019,000
Citizens Bank Dallas PA $1,368,613 6.85% 5 NNN CPI (between 1-2.5% annually $76,978,000
Citizens Bank Milford PA $1,532,847 6.85% 5 NNN CPI (between 1-2.5% annually $99,518,000
Citizens Bank West Hazleton PA $1,605,839 6.85% Unknown NNN CPI (between 1-2.5% annually $51,858,000
Citizens Bank Bellevue PA $2,910,000 7.00% 4.7 NNN 2.5% annually $60,562,000
Citizens Bank Dillsburg PA $1,012,685 7.00% 5 NNN CPI (between 1-2.5% annually $56,461,000
Bank of America Fair Lawn NJ $6,050,000 7.00% 3.2 NNN 10% every
5 years
$105,687,000
Citizens Bank Turtle Creek PA $1,768,000 7.00% 4.1 NNN 2.5% annually $80,388,000
Bank of America Woodbridge VA $4,707,450 7.12% 3.2 Gross CPI annually $164,026,000
Wells Fargo Pittston PA $800,000 7.20% 8 NNN Unknown $155,126,000
Wells Fargo Pottstown PA $800,000 7.20% 8 NNN Unknown Closed
Santander Bank Shillington PA $995,000 7.68% 4.3 NNN In options $126,911,000

 

Vacant Banks for Sale

 

Below is a list of some vacated bank properties that are currently for sale in Pennsylvania, New Jersey, and Delaware. This list of available Properties is intended for the use and benefit of Equity Retail Brokers current and prospective commercial real estate investment clients. The list is compiled for our clients to give them an understanding of current pricing of vacant bank properties in the region. The information has been gathered from a variety of sources. Some of these properties are listed by Equity Retail Brokers, while others are listed by other brokers or are being directly marketed by the owner. However they are listed, we at Equity Retail Brokers, either as a dual or a buyer's agent, can represent our client's interest in obtaining information and negotiating the purchase of any of the properties.

 

Address City State Asking Price Building Size (SF) Acreage
132 Main St Mocanaqua (Shickshinny) PA $80,000 1,963 0.49
166 Ligonier St New Florence PA $169,000 2,200 0.4
4327 Quaker Valley Rd Alum Bank PA $180,000 2,149 0.05
50 Main St East Conemaugh PA $199,000 2,200 Unknown
201 Philadelphia Ave Egg Harbor City NJ $280,000 5,100 0.60
901 Wood St Pittsburgh PA $300,000 10,160 0.28
1 Main St East Prospect PA $310,000 3,493 0.60
498 Merchant St Ambridge PA $350,000 3,157 0.20
501 Wyoming Ave West Pittston PA $359,000 5,156 0.31
255 S. Lehigh Ave Frackville PA $375,000 3,579 0.34
4943 Landis Ave Vineland NJ $375,000 2,858 3.74
320 N. Center Ave New Stanton PA $379,000 1,980 0.57
26 E. Main St North East PA $399,000 6,326 0.38
1 S. Center St Corry PA $415,000 9,748 0.41
40 Scotch Rd Trenton NJ $425,000 2,853 0.82
2501 Merchantville Ave Pennsauken NJ $430,000 1,385 0.48
46 W. Main St Fleetwood PA $440,000 4,672 0.12
1196 Walnut Bottom Rd Carlisle PA $499,000 2,320 1.00
25 Carlisle St Hanover PA $525,000 7,382 0.30
2196 Baltimore Pike Oxford PA $540,000 2,622 2.06
342 S. Burnt Mill Rd Voorhees Twp NJ $550,000 1,850 0.88
30 Elm Ave Woodbury Heights NJ $589,000 3,934 0.51
1 W. Main St Mount Joy PA $590,000 3,000 0.53
235 N. Enola Rd Enola PA $599,000 3,000 0.77
300 S. Chester Pike Glenolden PA $600,000 2,755 0.33
6010 Main St Mays Landing NJ $650,000 5,956 5.92
809 Sunset Rd Burlington NJ $675,000 3,813 2.12
335 Main St Emmaus PA $699,000 4,905 0.56
50 W. Main St Bloomsburg PA $700,000 9,098 0.26
526 Inman Ave Colonia NJ $725,000 3,040 1.29
2251 Ocean Heights Ave Egg Harbor Twp NJ $725,000 3,200 1.48
308 Hurffville Cross Keys Rd Sewell NJ $729,000 3,343 0.93
5 State Hwy 31 N Pennington NJ $750,000 3,700 1.03
55 Main St South River NJ $850,000 10,823 0.64
403 Route 206 Hillsborough NJ $899,000 2,788 1.76
100 S. Laws St Bridgeville DE $995,000 6,670 0.45
1420 Irving St Rahway NJ $1,125,000 9,440 0.20
351 Midland Ave Garfield NJ $1,150,000 3,935 0.48
62 & 74 Leonardville Rd Belford NJ $1,200,000 2,760 1.83
105 Roosevelt Blvd Marmora NJ $1,200,000 11,400 0.87
528-536 N. Lewis Rd Royersford PA $1,200,000 3,186 3.04
6302 Ventnor Ave Ventnor City NJ $1,200,000 2,514 1.07
205 N. Washington Ave Dunellen NJ $1,250,000 4,000 Unknown
505 Berlin Cross Keys Rd Sicklerville NJ $1,250,000 4,560 1.26
105 Main St Hightstown NJ $1,500,000 12,030 1.33
705 Milford Rd East Stroudsburg PA $1,600,000 5,434 1.81
2798 Egypt Rd Audubon PA $1,650,000 4,099 2.03
347 Main St Simpson PA Auction - starting bid: $25,000 2,350 0.87
3805 Neshaminy Blvd Bensalem PA Unpriced 4,099 1.38
340 S. White Horse Pike Berlin NJ Unpriced 1,717 0.69
627 Haddon Ave Collingswood NJ Unpriced 6,711 1.05
345 Locust St Columbia PA Unpriced 3,172 0.48
1713 W. Main St Ephrata PA Unpriced 2,952 0.64
619 PA Route 739 Hawley (Lords Valley) PA Unpriced 1,267 1.57
345 E. 8th Ave Homestead PA Unpriced 4,361 0.30
101 W. James St Lancaster PA Unpriced 6,237 0.74
571-577 New York Ave Lyndhurst NJ Unpriced 4,326 0.70
23 W. Maple Ave Merchantville NJ Unpriced 2,066 0.29
300 E. Independence St Shamokin PA Unpriced 6,000 0.30
2401 Route 71 Spring Lake NJ Unpriced 2,200 0.80

 

Repositioning Vacant Banks

 

Vacant-banks-Easton-PA

For more information about this transaction, contact:

 

David Laiter

610.645.7700 x150

dlaiter@equityretailbrokers.com

Equity Retail Brokers Property Listings

Visit our website to see a complete list of our properties currently available:

 

FOR LEASE     FOR SALE

 

For a sample list of NNN bank properties for sale across the U.S., please call or email:

 

Edward Ginn

610.645.7700 x101

eginn@equityretailbrokers.com

 

 

If you would like to learn more about the real estate services we provide, please contact: 

 

Edward Ginn | President

610.645.7700 x101

eginn@equityretailbrokers.com

 

David Goodman | Principal

610.645.7700 x119

dgoodman@equityretailbrokers.com

 

 

Member:


RBN-CMRE-ICSC-gray-more space

 

 

 

 

 

 

Equity Retail Brokers

531 W. Germantown Pike

Suite 103

Plymouth Meeting PA 19462

 

 

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