| October - November 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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| 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 11/30/2021 | % Change From 12/31/20 to 11/30/2021 | 52-Wk High -As of Close of Business 11/30/2021 | 52-Wk Low -As of Close of Business 11/30/2021 | Price/Book As of Close of Business 11/30/2021 |
| Dow Jones Industrial Average | ^DJI | 30,606.48 | 34,483.72 | 12.67% | 36,565.73 | 29,599.29 | - |
| NASDAQ Composite | ^IXIC | 12,888.28 | 15,537.69 | 20.56% | 16,212.23 | 12,214.74 | - |
| S&P 500 | ^GSPC | 3,756.07 | 4,567.00 | 21.59% | 4,743.83 | 3,633.40 | - |
| Financial Select Sector SPDR Fund | XLF | 29.48 | 37.96 | 28.77% | 40.86 | 28.11 | |
| 1st Colonial Bancorp, Inc. | FCOB | $7.76 | $9.60 | 23.71% | $10.01 | $7.25 | 0.81 |
| Banco Santander, S.A. | SAN | $3.05 | $3.11 | 1.97% | $4.38 | $2.90 | 0.56 |
| Bank of America Corporation | BAC | $30.31 | $44.47 | 46.72% | $48.69 | $28.14 | 1.50 |
| Bryn Mawr Bank Corporation | BMTC | $30.59 | $44.60 | 45.80% | $50.29 | $29.15 | 1.46 |
| Citigroup Inc. | C | $61.66 | $63.70 | 3.31% | $80.29 | $55.25 | 0.71 |
| Citizens Financial Group, Inc. | CFG | $35.76 | $47.27 | 32.19% | $51.54 | $33.33 | 0.97 |
| Citizens & Northern Corporation | CZNC | $19.84 | $24.74 | 24.70% | $27.99 | $18.28 | 1.36 |
| First Bank | FRBA | $9.38 | $14.47 | 54.26% | $15.90 | $8.78 | 1.10 |
| Fulton Financial Corporation | FULT | $12.72 | $15.79 | 24.14% | $18.41 | $12.38 | 1.04 |
| Harleysville Financial Corporation | HARL | $21.50 | $25.18 | 17.12% | $27.00 | $21.14 | 1.16 |
| Investors Bancorp, Inc. | ISBC | $10.56 | $14.89 | 41.00% | $16.35 | $9.84 | 1.34 |
| JPMorgan Chase & Co. | JPM | $127.07 | $158.83 | 24.99% | $172.96 | $118.11 | 1.87 |
| KeyCorp | KEY | $16.41 | $22.44 | 36.75% | $24.57 | $15.25 | 1.36 |
| Lakeland Bancorp, Inc. | LBAI | $12.70 | $17.89 | 40.87% | $19.43 | $12.08 | 1.12 |
| M&T Bank Corporation | MTB | $127.30 | $146.61 | 15.17% | $168.27 | $118.54 | 1.24 |
| Malvern Bancorp, Inc. | MLVF | $15.50 | $16.46 | 6.19% | $19.38 | $15.15 | 0.84 |
| Meridian Corporation | MRBK | $20.80 | $33.75 | 62.26% | $38.07 | $18.20 | 1.32 |
| OceanFirst Financial Corp. | OCFC | $18.63 | $20.61 | 10.63% | $25.76 | $15.77 | 0.82 |
| Parke Bancorp, Inc. | PKBK | $15.60 | $20.50 | 31.41% | $23.92 | $14.53 | 1.13 |
| Provident Financial Services, Inc. | PFS | $17.96 | $23.54 | 31.07% | $25.98 | $15.98 | 1.11 |
| Prudential Bancorp, Inc. | PBIP | $13.85 | $14.26 | 2.96% | $15.95 | $11.15 | 0.85 |
| QNB Corp. | QNBC | $32.05 | $36.35 | 13.42% | $40.00 | $30.25 | 0.95 |
| Quaint Oak Bancorp, Inc. | QNTO | $14.76 | $19.55 | 32.50% | $19.69 | $12.50 | 1.19 |
| Republic First Bancorp, Inc. | FRBK | $2.84 | $3.38 | 19.01% | $4.61 | $2.73 | 0.63 |
| S&T Bancorp, Inc. | STBA | $24.84 | $29.91 | 20.41% | $35.80 | $22.36 | 1.00 |
| The Bancorp, Inc. | TBBK | $13.65 | $28.27 | 107.11% | $33.36 | $11.96 | 2.77 |
| The Bank of Princeton | BPRN | $23.41 | $29.81 | 27.34% | $31.31 | $21.26 | 0.92 |
| The PNC Financial Services Group, Inc. | PNC | $149.00 | $197.00 | 32.21% | $217.60 | $139.30 | 1.51 |
| The Toronto-Dominion Bank | TD | $56.42 | $72.06 | 27.72% | $75.73 | $54.39 | 1.83 |
| Tompkins Financial Corporation | TMP | $70.60 | $78.16 | 10.71% | $92.80 | $64.74 | 1.60 |
| Truist Financial Corporation | TFC | $47.93 | $59.31 | 23.74% | $65.42 | $45.44 | 1.31 |
| Univest Financial Corporation | UVSP | $20.58 | $27.57 | 33.97% | $30.95 | $18.63 | 1.09 |
| Wells Fargo & Company | WFC | $30.18 | $47.78 | 58.32% | $52.57 | $27.85 | 1.16 |
| WSFS Financial Corporation | WSFS | $44.88 | $49.72 | 10.78% | $56.08 | $38.59 | 1.26 |
| 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 |
| 11/29/21 | General | Wall Street banks stick with return-to-work plans while monitoring Omicron situation | Yahoo Finance |
| 11/18/21 | General | Toomey joins GOP in painting Biden’s choice for bank regulator as radical | The Philadelphia Inquirer |
| 11/11/21 | General | How PPP loans affected bank relationships with small businesses | Philadelphia Business Journal |
| 11/8/21 | General | These lenders completed the most SBA loans in eastern Pennsylvania in FY2021 | Philadelphia Business Journal |
| 11/5/21 | General | Big banks ‘getting in the game’ of hiring crypto talent | Yahoo Finance |
| 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 | 0.05 | 0.04 | 0.04 | 0.01 | 0.06 |
| 6 Month Treasury | 0.11 | 0.05 | 0.05 | 0.03 | 0.09 |
| 1 Year Treasury | 0.20 | 0.11 | 0.06 | 0.04 | 0.10 |
| 2-Year | 0.58 | 0.52 | 0.21 | 0.15 | 0.15 |
| 5-Year | 1.19 | 1.21 | 0.78 | 0.81 | 0.36 |
| 10-Year | 1.47 | 1.57 | 1.31 | 1.62 | 0.85 |
| 30-Year | 1.81 | 1.94 | 1.92 | 2.30 | 1.58 |
| Key Rates | Current | 1 Month Prior | 3 Month Prior | 6 Month Prior | 1 Year Prior |
| Fed Funds Rate | 0.08 | 0.08 | 0.08 | 0.06 | 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 | 0.09 | 0.09 | 0.14 |
| 2-Year | 0.24 | 0.23 | 0.09 | 0.11 | 0.15 |
| 5-Year | 0.61 | 0.64 | 0.42 | 0.45 | 0.23 |
| 10-Year | 1.07 | 1.22 | 0.94 | 0.97 | 0.71 |
| 30-Year | 1.55 | 1.77 | 1.57 | 1.59 | 1.49 |
| Libor | Current | 1 Month Prior | 3 Month Prior | 6 Month Prior | 1 Year Prior |
| 1-Month Libor | 0.09 | 1.38 | 0.09 | 0.09 | 0.15 |
| 3-Month Libor | 0.17 | 1.31 | 0.12 | 0.14 | 0.21 |
| 6-Month Libor | 0.24 | 1.25 | 0.16 | 0.18 | 0.25 |
| 1-Year Libor | 0.43 | 1.25 | 0.24 | 0.26 | 0.33 |
| 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 | Moorestown | NJ | $6,250,000 | 4.00% | 20 | Ground | 10% every 5 years | New Branch |
| Citizens Bank | Pittsburgh | PA | $5,000,000 | 4.00% | 10 | NNN | 10% every 5 years | New Branch |
| PNC Bank | Orange | NJ | $5,250,000 | 4.00% | 20 | Ground | 12% 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 |
| Capital One Bank | Rockville | MD | $14,000,000 | 4.45% | 9.1 | Ground | 3% annually | $137,920,000 |
| 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 |
| Citizens Bank | Exton | PA | $1,318,644 | 4.50% | 18.5 | NNN | 10.3% in 2025 | $121,533,000 |
| TD Bank | Forked River | NJ | $6,111,111 | 4.50% | 13 | Ground | 12% every 5 years | $300,995,000 |
| 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 |
| Firstrust Bank | Doylestown | PA | $3,765,530 | 5.75% | 11 | NNN | 1.5% annually | $121,529,000 |
| PNC Bank | La Plata | MD | $2,750,000 | 5.75% | 6 | NNN | Unknown | $201,813,000 |
| Univest | Hampden Twp | PA | $1,500,000 | 5.84% | 6.3 | Net | Unknown | $14,000 |
| 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 | Wayne | PA | $6,723,568 | 6.25% | 5.9 | NNN | 10% or CPI every 5 years |
$58,377,000 |
| Bank of America | Clifton | NJ | $3,920,000 | 6.25% | 5 | NN | Unknown | $242,339,000 |
| 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 |
| 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 |
| Bank of America | Fair Lawn | NJ | $6,050,000 | 7.00% | 3.2 | NNN | 10% every 5 years | $105,687,000 |
| 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 |
| 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 | N/A | $126,911,000 |
| Chase Bank | Fairfield | NJ | Auction - Starting bid of $1,500,000 |
TBD | 17 | NNN | Unknown | $147,285,000 |
| 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 |
| 2102 Rice Ave | Lake City | PA | $195,000 | 3,096 | 0.58 |
| 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 |
| 206 E. Cumberland St | Lebanon | PA | $325,000 | 2,088 | 0.24 |
| 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 |
| 1 N. Main St | Masontown | PA | $385,000 | 3,430 | 0.50 |
| 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 |
| 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 |
| 40 Scotch Rd | Trenton | NJ | $500,000 | 2,853 | 0.82 |
| 25 Carlisle St | Hanover | PA | $525,000 | 7,382 | 0.30 |
| 2196 Baltimore Pike | Oxford | PA | $540,000 | 2,622 | 2.06 |
| 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 |
| 742 Allegheny River Blvd | Verona | PA | $600,000 | 11,500 | 0.30 |
| 6010 Main St | Mays Landing | NJ | $650,000 | 5,956 | 5.92 |
| 342 S. Burnt Mill Rd | Voorhees Twp | NJ | $650,000 | 1,850 | 0.88 |
| 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 |
| 105 Capitol Park Drive | Sarver | PA | $895,000 | 3,136 | 1.12 |
| 403 Route 206 | Hillsborough | NJ | $899,000 | 2,788 | 1.76 |
| 1 Spring Valley Ave | Hackensack | NJ | $949,000 | 1,539 | 0.19 |
| 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 |
| 130 Wyoming Ave | Scranton | PA | $1,750,000 | 30,000 | 0.43 |
| 347 Main St | Simpson | PA | Auction - starting bid: $25,000 | 2,350 | 0.87 |
| 2817 Street Rd | Bensalem | PA | Modified Bidding | 2,894 | 0.45 |
| 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 |
| 4651 Route 42 | Turnersville | NJ | Unpriced | 11,300 | 2.10 |
| 2100 New Jersey Ave | Wildwood | NJ | Unpriced | 2,350 | 0.34 |
| 301 N. Park Rd | Wyomissing | PA | Unpriced | 4,031 | 1.11 |
| 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: |
