Bristol, PA, June 13, 2013 --(PR.com
)-- First Federal of Bucks County (www.firstfedbucks.com), a federally chartered mutual savings bank serving businesses and individuals in Bucks, Philadelphia and Montgomery counties since 1885, announced that Gary Fox has been named Vice President – Commercial Lending. He will lead the bank’s Real Estate Lending business.
Jeane M. Coyle, the bank’s new President and CEO and the bank’s first female leader as of July 1, 2013, announced the new position as part of her restructuring plan.
The position reflects the growth of First Federal of Bucks County’s real estate lending business, which includes commercial mortgages, construction loans and residential development loans.
“First Federal is positioning itself as the economy recovers,” said Coyle. “As a seasoned real estate lender who has managed business through economic cycles, Gary brings extensive experience that will benefit the local real estate market, as well as First Federal. Gary shares our bank’s commitment to a high level of responsiveness and service. It is going to be a great partnership.”
A local real estate finance professional with more than 35 years of experience in all facets of commercial real estate lending, Fox has handled construction and permanent financing for office, retail and industrial/flex properties. His residential tract development experience includes financing for more than 5,000 single-family, townhome and condominium units.
Before joining First Federal of Bucks County, Fox held senior positions in commercial real estate lending at First Savings Bank of Perkasie, Harleysville National Bank, Sovereign Bank and Bucks County Bank. He is a Penn State graduate.
Fox is a member of the Home Builders Association of Bucks/Montgomery Counties and the Urban Land Institute.
Coyle is positioning the bank to continue to provide convenience and value for the bank’s business and individual customers, to maintain profitability for long-term growth and sustainability as a local bank and employer, and to give back to the community.
About First Federal of Bucks County
Founded in 1885, First Federal of Bucks County, with $678 million in assets, operates 11 offices throughout Bucks County. Because it is a Federally Chartered Mutual Savings Association, the bank is not publicly traded and is “owned” by the Association’s customers. The mission of First Federal is to serve businesses and individuals in Bucks County and the surrounding counties – and to be an integral part of the community. For additional information, visit us at www.firstfedbucks.com.