Independent Banker - May 2017 - 38

Less than $300 million
The Philadelphia Trust
Company: Main Street
in the big city
The Philadelphia Trust Company isn't
like most community banks. As an
independent private bank catering to
high-net-worth investors and institutions,
it deals more in stock and bond
portfolios than mortgages or smallbusiness
loans. Its president and CEO,
Michael Crofton, is a papal knight, and
its chairman, George Marlin, is a former
CEO of the Port Authority of New York
and New Jersey.
But that's not to say there aren't parallels
to be drawn. Just as an agricultural
lender in the rural Midwest wrestles with
the weight of compliance, so does this
FDIC-regulated depository and trust
company-but it has found success
despite this burden.
According to Crofton, " Attention to
detail and disciplined operations have
contributed to our recent success in an
increased regulatory banking environment
over the past few years. "
And like other banks of its size, the Philadelphia
Trust Company
contrasts itself with
the megabanks.
" We off er a personalized
service
to clients who
may not receive
the same treatment
at other,
larger banks, "
Michael Crofton
says Crofton.
Clients go straight
to their portfolio managers,
rather than through an intermediary
such as a salesperson. This hotline
between advisor and investor minimizes
unnecessary admin time and allows
each client's risk tolerance to be evaluated
precisely.
And for Crofton, effi ciency is
everything. " Running a lean operation
utilizing an experienced and focused
staff has led to our favorable return
metrics, " he says.
And what community bank doesn't
aspire to that?
38 ICBA IndependentBanker May 2017
-
The Philadelphia Trust
Company
Philadelphia, Pa.
Assets: $20 million
3yr average ROA: 7.52%
philadelphiatrust.com
Less than $300 million in assets
Rank Bank name
City
1 The Philadelphia Trust Company
2 CBW Bank
3 The Federal Savings Bank
4 The Haverford Trust Company
5 Peoples Bank & Trust Company
6 Continental Bank
7 Bank of Montana
8 PrinsBank
9 Mid America Bank & Trust Company
10 Nebraska State Bank
11 First Bank of Chandler
12 Spring Valley Bank
13 NOA Bank
14 First Resource Bank
15 Brazos National Bank
16 Charter Bank
17 Corydon State Bank
18 FirsTier Bank
19 Pacific West Bank
20 First Federal Savings & Loan Bank
23 Peoples State Bank
24 Citizens State Bank
25 Independence Bank
Philadelphia
Weir
Chicago
Radnor
Ryan
Salt Lake City
Missoula
Prinsburg
Dixon
Oshkosh
Chandler
Wyoming
Duluth
Lino Lakes
Richwood
Corpus Christi
Corydon
Kimball
West Linn
Olathe
21 Farmers & Merchants Bank of Kendall Kendall
22 State Bank of Wheaton
Wheaton
Cherryvale
Miles
East Greenwich
3-year
State
PA
KS
IL
PA
OK
UT
MT
MN
MO
NE
OK
OH
GA
MN
TX
TX
IA
NE
OR
KS
WI
MN
KS
TX
RI
average ROA
7.52
6.23
5.70
5.40
5.08
4.70
4.16
3.79
3.57
3.50
3.31
3.26
3.25
3.20
3.10
3.06
3.03
3.01
2.91
2.90
2.89
2.88
2.85
2.85
2.84
http://www.qmags.com/clickthrough.asp?url=www.philadelphiatrust.com&id=20242&adid=P38E1
Independent Banker - May 2017

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