Perkasie, PA, September 24, 2016 --(PR.com
)-- Penn Community Bank is pleased to announce that longtime insurance industry executive Michael A. Meeneghan has joined the organization to lead its licensed subsidiary, Penn Community Insurance.
“Growing Penn Community Insurance is an important goal of ours, and we are excited to have Michael leading our insurance team,” said Penn Community Bank President and CEO Jeane M. Coyle. “Helping our customers meet all of their financial needs, from banking to insurance and investments, is at the heart of our mission, and Michael’s insurance industry experience will help us fulfill that mission.”
With more than 30 years of experience in insurance, Meeneghan brings with him a deeply rooted knowledge of a complex industry. Meeneghan has built a proven record of success in setting strategic direction, initiating growth strategies, and building and fine-tuning operations. He began his insurance career in sales, and most recently served as Executive Vice President and Profit Center Manager at one of the largest retail insurance brokers in the United States.
In his role at Penn Community Insurance, Meeneghan will oversee the operations of the entire insurance division, which offers business, personal, life and health insurance. About his new role, Meenaghan said, “As a bank-owned insurance agency, we work with clients to provide insurance and risk management services that protect them from the unexpected while helping to reduce their total cost of risk.”
Meenaghan earned a bachelor’s degree from Springfield College, in Springfield, Massachusetts. He lives in Coopersburg, Pennsylvania.
About Penn Community Bank: Penn Community Bank holds more than $1.8 billion in assets and employs more than 300 people at 22 bank branches and two administrative centers throughout Bucks County, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to support individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.