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Pennsylvania Business Bank ("PBB")
In 1999, Pennsylvania Business Bank saw a void in the Delaware Valley banking market. What members of the business community really needed was a bank that focused on their needs. So that's what PBB founders created. PBB has a unique infrastructure designed to address the requirements of small and medium sized businesses. Our customers found in PBB a bank that finally understood them. Plus, as a locally owned bank, we're close enough to take an active interest in the long-term health of our clients and the community we serve.
On April 18, 2008, NOVA Financial Holdings, Inc.("NOVA") and Pennsylvania Business Bank announced the signing of a definitive agreement, in which NOVA will acquire PBB. The combined company will better serve its clients through additional business center locations in a larger geographic area, a bigger and more focused sales force, improved electronic and web-based delivery channels, as well as expanded financial product and service offerings.
PBB is a $110 million Pennsylvania State Chartered bank headquartered in Philadelphia, PA, operating four branches; two in the Philadelphia County and two in Gloucester County, New Jersey. PBB became a wholly owned banking subsidiary of NOVA Financial Holdings, Inc. with their recent merger on November 10, 2008. NOVA Bank is also a wholly owned banking subsidiary of NOVA Financial Holdings, Inc. The merger of the two companies resulted in the 18th largest bank in Philadelphia County, serving the Philadelphia and South New Jersey markets through its 13 business center locations in Pennsylvania and New Jersey. NOVA Bank also has a Loan Production Center in Lehigh County.
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