| November - December 2021 |
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Our services include: • Real estate site selection for financial institutions |
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 |
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Visit our website to see a complete list of our properties currently available:
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Connect with us:
Receive the latest updates from Equity Retail Brokers - |
| 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 |
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Long-term Debt Credit Ratings |
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Bank |
S&P |
Moody's |
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Bank of America |
A- |
A2 |
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BB&T |
A- |
A2 |
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BMO Harris Bank |
A+ |
Baa1 |
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CapitalOne Bank |
BBB+ |
Baa1 |
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Citi Bank |
A+ |
Aa3 |
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Citizens |
A- |
Baa1 |
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Chase Bank |
A+ |
Aa2 |
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Fulton Financial |
----- |
Baa1 |
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Investors Bank |
BBB |
----- |
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KeyBank |
A- |
A3 |
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M&T Bank |
A- |
A3 |
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PNC Bank |
A |
A2 |
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Santander Bank |
BBB |
Baa1 |
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SunTrust |
A- |
A3 |
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TD Bank |
AA- |
Aa1 |
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Wells Fargo |
A+ |
Aa2 |
| Financial Articles (By Company) |
| 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 |
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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 |
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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 |
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For more information about this transaction, contact:
David Laiter 610.645.7700 x150 |
| Equity Retail Brokers Property Listings |
|
Visit our website to see a complete list of our properties currently available:
For a sample list of NNN bank properties for sale across the U.S., please call or email:
Edward Ginn 610.645.7700 x101
If you would like to learn more about the real estate services we provide, please contact:
Edward Ginn | President 610.645.7700 x101
David Goodman | Principal 610.645.7700 x119 dgoodman@equityretailbrokers.com
Member: |
