Bank-Email-Page-Header-NEW-727px
August - September 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

Connect with us:
LinkedIn
TwitterInstagramYouTubeWebsite

 

Receive the latest updates from Equity Retail Brokers -
Join our mailing list

 

 

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 09/30/2021 % Change From 12/31/20 to 09/30/2021  52-Wk High -As of Close of Business 09/30/2021 52-Wk Low -As of Close of Business 09/30/2021 Price/Book As of Close of Business 09/30/2021
Dow Jones Industrial Average ^DJI 30,606.48 33,843.92 10.58% 35,631.19 26,143.77 -
NASDAQ Composite ^IXIC 12,888.28 14,448.58 12.11% 15,403.44 10,822.57 -
S&P 500 ^GSPC 3,756.07 4,307.54 14.68% 4,545.85 3,233.94 -
Financial Select Sector SPDR Fund XLF 29.48 37.53 27.31% 39.04 23.25 1.10
1st Colonial Bancorp, Inc. FCOB $7.76 $9.65 24.36% $10.01 $5.50 0.85
Banco Santander, S.A. SAN $3.05 $3.62 18.69% $4.38 $1.81 0.61
Bank of America Corporation BAC $30.31 $42.45 40.05% $44.04 $23.12 1.30
Bryn Mawr Bank Corporation BMTC $30.59 $45.95 50.21% $49.83 $24.54 1.20
Citigroup Inc. C $61.66 $70.18 13.82% $80.29 $40.49 0.74
Citizens Financial Group, Inc. CFG $35.76 $46.98 31.38% $51.14 $24.80 0.85
Citizens & Northern Corporation CZNC $19.84 $25.26 27.32% $25.97 $16.05 1.28
First Bank FRBA $9.38 $14.09 50.21% $14.41 $6.23 1.02
Fulton Financial Corporation FULT $12.72 $15.28 20.13% $18.41 $9.15 0.96
Harleysville Financial Corporation HARL $21.50 $25.70 19.53% $27.00 $20.50 1.17
Investors Bancorp, Inc. ISBC $10.56 $15.11 43.09% $15.71 $7.13 1.27
JPMorgan Chase & Co. JPM $127.07 $163.69 28.82% $169.30 $95.09 1.93
KeyCorp KEY $16.41 $21.62 31.75% $23.65 $11.60 1.29
Lakeland Bancorp, Inc. LBAI $12.70 $17.63 38.82% $19.35 $9.79 1.06
M&T Bank Corporation MTB $127.30 $149.34 17.31% $168.27 $90.45 1.11
Malvern Bancorp, Inc. MLVF $15.50 $16.99 9.61% $19.38 $11.80 0.86
Meridian Corporation MRBK $20.80 $28.73 38.12% $30.50 $16.21 1.14
OceanFirst Financial Corp. OCFC $18.63 $21.41 14.92% $25.76 $13.53 0.84
Parke Bancorp, Inc. PKBK $15.60 $21.90 40.38% $22.08 $11.69 1.17
Provident Financial Services, Inc. PFS $17.96 $23.47 30.68% $25.70 $11.97 1.07
Prudential Bancorp, Inc. PBIP $13.85 $15.26 10.18% $15.95 $10.33 0.87
QNB Corp. QNBC $32.05 $37.19 16.04% $40.00 $27.01 0.96
Quaint Oak Bancorp, Inc. QNTO $14.76 $18.30 24.03% $18.50 $10.81 1.16
Republic First Bancorp, Inc. FRBK $2.84 $3.08 8.45% $4.61 $1.96 0.57
S&T Bancorp, Inc. STBA $24.84 $29.47 18.64% $35.80 $17.32 0.98
The Bancorp, Inc. TBBK $13.65 $25.45 86.45% $26.70 $8.41 2.11
The Bank of Princeton BPRN $23.41 $29.87 27.60% $31.31 $18.18 0.94
The PNC Financial Services Group, Inc. PNC $149.00 $195.64 31.30% $203.88 $106.85 1.44
The Toronto-Dominion Bank TD $56.42 $66.15 17.25% $73.85 $42.90 1.29
Tompkins Financial Corporation TMP $70.60 $80.91 14.60% $92.80 $54.32 1.64
Truist Financial Corporation TFC $47.93 $58.65 22.37% $62.69 $37.86 1.27
Univest Financial Corporation UVSP $20.58 $27.39 33.09% $30.14 $14.10 1.09
Wells Fargo & Company WFC $30.18 $46.41 53.78% $51.41 $20.76 1.11
WSFS Financial Corporation WSFS 44.88 51.31 14.33% 55.18 26.48 1.09

 

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
9/10/21 Bank of America Bank of America names insider as CFO Market Watch
9/8/21 Bank of America BofA Debuts Program to Move Further Away from Overdraft Fees Yahoo Finance
9/29/21 Citigroup Citi Asks Appeals Court to Fix Its $500 Million Revlon Error Yahoo Finance
9/27/21 Citizens  Citizens Bank is shortening its name. What does that mean for the Phillies' ballpark? Philadelphia
Business Journal
9/8/21 Citizens Citizens Bank to buy San Francisco-based investment bank involved in IPOs for Robinhood, Uber Philadelphia
Business Journal
9/30/21 JPMorgan Chase & Co. Chase sees opportunity in Philadelphia market, will exceed its 50-branch target Philadelphia
Business Journal
9/12/21 OceanFirst Bank OceanFirst Bank details plans to close 20 branches, including 10 in South Jersey Philadelphia
Business Journal
9/30/21 PNC Bank PNC Bank taps Akoya to bridge customer choice and data protection Philadelphia
Business Journal
9/14/21 PNC Bank PNC Bank launches new initiative to accelerate financial equality for women Philadelphia
Business Journal
9/24/21 Santander Bank Santander's revamped commercial lending team discusses business climate, competition, consolidation and more Philadelphia
Business Journal
9/28/21 Wells Fargo Wells Fargo delays return-to-office to January  Yahoo Finance
9/19/21 Wells Fargo We’re in uncharted waters': Wells Fargo exec discusses employee cuts, branch closures, rumors of HQ relocation Philadelphia
Business Journal
9/14/21 Wells Fargo Wells Fargo highlights progress in responding to Sen. Warren’s call to break up bank Philadelphia
Business Journal
9/9/21 Wells Fargo  Wells Fargo slapped with $250M fine tied to home lending practices Philadelphia
Business Journal
9/30/21 William Penn Bank Bucks County bank moving into new markets after competitors close branches Philadelphia
Business Journal

 

Interest Rate Summary

 

Date Posted  Reference/Company Article Source
9/20/21 General Which banks have cut the largest percentage of Philadelphia-area branches? Philadelphia
Business Journal
9/17/21 General Fast-growing Philadelphia fintech takes on Boston private equity firm as its first outside investor Philadelphia
Business Journal
9/9/21 General Philadelphia-area bank deposits swell by 12% while Wells Fargo loses market share Philadelphia
Business Journal
9/9/21 General Which Large U.S. Bank Has Grown Deposits the Fastest Over the Last Year? The Motley Fool

 

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 0.04 0.04 0.01 0.09
6 Month Treasury 0.04 0.05 0.05 0.03 0.10
1 Year Treasury 0.07 0.06 0.07 0.06 0.11
2-Year 0.28 0.21 0.25 0.16 0.13
5-Year  0.98 0.78 0.89 0.94 0.28
10-Year  1.50 1.31 1.47 1.72 0.70
30-Year 2.06 1.92 2.09 2.38 1.47
 
Key Rates Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
Fed Funds Rate  0.08 0.08 0.05 0.07 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 0.18 0.09 0.14 0.10 0.13
2-Year  0.18 0.09 0.16 0.14 0.15
5-Year  0.55 0.42 0.51 0.50 0.29
10-Year 1.13 0.94 1.00 1.08 0.84
30-Year 1.73 1.57 1.57 1.81 1.67
 
Libor Current 1 Month Prior 3 Month Prior 6 Month Prior 1 Year Prior
1-Month Libor 0.08 1.38 0.10 0.12 0.15
3-Month Libor 0.13 1.31 0.14 0.20 0.23
6-Month Libor 0.16 1.25 0.16 0.21 0.27
1-Year Libor 0.24 1.25 0.25 0.29 0.36
 

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
Bank of America Parsippany-Troy Hills NJ $9,100,000 4.00% 9.6 NNN 12% every 5 years $117,292,000
Chase Bank Moorestown NJ $6,250,000 4.00% 20 Ground 10% every 5 years New Branch
Citizens 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
Chase Bank Fairfield NJ $5,500,000 4.18% 17 NNN Unknown $147,285,000
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
Chase Bank Stanhope NJ $2,180,000 4.36% 12 NNN 10% every 5 years $20,316,000
Capital One Bank Rockville MD $14,000,000 4.45% 9.1 Ground 3% annually $137,920,000
Chase Bank Pittsburgh PA $1,915,933 4.50% 15 Ground 10% every 5 years New Branch
TD Bank Forked River NJ $6,111,111 4.50% 13 Ground 12% every 5 years $300,995,000
Investors Bank Avenel NJ $2,894,737 4.75% 14.5 Ground 10% every 5 years $33,503,000
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
Citizens  Lancaster PA $1,514,019 5.35% 7.9 NNN 2% annually $88,930,000
Chase Bank Long Branch NJ $3,696,000 5.50% 3.9 Ground 10% in options $138,815,000
Citizens  Harrisburg PA $1,363,636 5.50% 5.9 NNN 2% annually $291,811,000
Wells Fargo Fairfax VA $7,700,000 5.50% 6.8 NNN 10% every 5 years $253,659,000
Citizens  Wilmington DE $1,113,043 5.75% 5.9 NNN 2% annually $70,421,000
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
Truist Bank Quakertown PA $2,608,695 5.75% 12 Ground 10% every 5 years $74,095,000
TruMark Financial Jenkintown PA $1,280,000 5.75% 10 NNN 10% every 5 years Unknown
Wells Fargo Culpepper VA $3,428,333 5.81% 6.5 NNN 10% every 5 years $135,404,000
Univest Hampden Twp PA $1,500,000 5.84% 6.3 Net Unknown $14,000
PNC Bank Fredericksburg VA $7,840,000 6.00% 8 Ground 11% every 5 years $91,967,000
Truist Bank Ashburn VA $9,579,167 6.00% 11.2 Ground 10% every 5 years $9,736,000
Wells Fargo Woodbridge VA $2,883,833 6.00% 3 Ground 10% in options $119,482,000
Bank of America Clifton NJ $3,920,000 6.25% 5 NN Unknown $242,339,000
Citizens  Shippensburg PA $640,000 6.25% 4 NNN Unknown $39,978,000
PNC Bank Bowie MD $4,000,000 6.46% 9 Ground 15% every 5 years $91,298,000
Fulton Bank Cherry Hill NJ $2,309,000 6.50% Unknown NNN 2% annually $114,005,000
Bank of America Fair Lawn NJ $6,368,421 6.65% 3.2 NNN 10% every 5 years $105,687,000
Truist Bank Manakin-Sabot VA $2,895,000 6.65% 5.2 NNN 3% annually $55,575,000
Citizens  Upper Darby PA $1,703,703 6.75% 5 NNN Unknown $96,019,000
Citizens  Dallas PA $1,368,613 6.85% 5 NNN CPI (between 1-2.5% annually $76,978,000
Citizens  Milford PA $1,532,847 6.85% 5 NNN CPI (between 1-2.5% annually $99,518,000
Citizens  West Hazleton PA $1,605,839 6.85% Unknown NNN CPI (between 1-2.5% annually $51,858,000
Citizens  Bellevue PA $2,910,000 7.00% 4.7 NNN 2.5% annually $60,562,000
Citizens  Dillsburg PA $1,012,685 7.00% 5 NNN CPI (between 1-2.5% annually $56,461,000
Citizens  Turtle Creek PA $1,768,000 7.00% 4.1 NNN 2.5% annually $80,388,000
Truist Bank Lumberton NJ $1,800,000 7.00% 8.8 Ground 10% in May 2025 Closed
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 $50,672,000
Santander Bank Shillington PA $995,000 7.68% 4.3 NNN N/A $126,911,000
Huntington Bank Monaca PA Auction (starting @ $400,000) N/A 5.6 Ground 10% every 5 years $85,373,000
Citizens  Philadelphia PA $650,000 Unknown 4.5 NNN N/A $85,729,000

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 PA $80,000 1,963 0.49
109 N. Oak St Mount Carmel PA $175,000 10,068 0.53
347 Main St Simpson PA $175,000 2,350 0.87
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
200 E. Main St West Newton PA $250,000 2,129 0.10
201 Philadelphia Ave Egg Harbor City NJ $280,000 5,100 0.60
1226 State Route 94 Blairstown NJ $299,900 2,551 1.40
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
1 N. Main St Masontown PA $385,000 3,430 0.50
240 Main Ave Hawley PA $399,000 5,635 0.39
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
951 Trenton Rd Fairless Hills PA $595,000 3,413 1.58
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
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
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
1 Fitzwatertown Rd Willow Grove PA $850,000 1,860 0.38
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
824 Lansdowne Ave Drexel Hill PA $950,000 2,931 0.32
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
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
130 Wyoming Ave Scranton PA $1,750,000 30,000 0.43
2817 Street Rd Bensalem PA Modified Bidding 2,894 0.45
3805 Neshaminy Blvd Bensalem PA Unpriced 4,099 1.38
1506 Haddonfield-Berlin Rd Cherry Hill NJ Unpriced 4,000 0.96
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
146 South St Freehold NJ Unpriced 5,000 0.74
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 0.7
129 S. Black Horse Pike Runnemede NJ Unpriced 3,600 1.26
4651 Route 42 Turnersville NJ Unpriced 11,300 2.10
301 N. Park Rd Wyomissing PA Unpriced 4,031 1.11

Repositioning Vacant Banks

 

EquityRetail-VacantBanks-Before-After-Emmaus,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

 

 

Not rendering correctly? View this email as a web page here.