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July 2017 - Aug 2017
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RECENT NEWS - Financial Institutions
Philadelphia Metropolitan Area
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Our services include:
- Real estate site selection for financial institutions
- Disposition of vacant branches and underperforming assets
- Sale-leaseback of bank-owned real estate
- Purchase or sale of real estate for family trusts
- Sale of income-producing properties
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Compiled for your information by:
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Contact Us
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Equity Retail Brokers
531 W. Germantown Pike, Suite 103
Plymouth Meeting,
PA 19462
main: 610.645.7700
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| Stock Summary (Alphabetical) |
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Company
|
Symbol
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Close of Business 12/30/2016
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Close of Business 07/31/2017
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% Change From 12/31/2016 to 07/31/2017
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52-Wk High -As of Close of Business 07/31/2017
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52-Wk Low -As of Close of Business 07/31/2017
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Price/Book As of Close of Business 07/31/2017
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Dow Jones Industrial Average
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^DJI
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19,819.78
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21,830.31
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10.45%
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21,929.80
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17,883.56
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-
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NASDAQ Composite
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^IXIC
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5,432.09
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6,374.68
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16.86%
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6,460.84
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5,034.41
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-
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S&P 500
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^GSPC
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2,249.26
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2,472.10
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9.83%
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2,484.04
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2,083.79
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-
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Financial Select Sector SPDR ETF
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XLF
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23.20
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24.91
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8.15%
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25.32
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18.94
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-
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1st Colonial Bancorp Inc.
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FCOB
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$9.50
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$11.35
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19.47%
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$11.85
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$7.86
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1.36
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Banco Santander, S.A.
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SAN
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$5.18
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$6.84
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31.66%
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$6.99
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$3.89
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0.94
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Bank of America Corporation
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BAC
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$22.10
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$24.03
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9.14%
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$25.80
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$14.09
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0.99
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BB&T Corporation
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BBT
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$47.02
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$46.88
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0.64%
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$49.88
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$36.21
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1.43
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Beneficial Bancorp, Inc.
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BNCL
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$18.40
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$15.40
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-15.22%
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$19.00
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$13.55
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1.06
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Bryn Mawr Bank Corp.
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BMTC
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$42.00
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$41.98
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1.07%
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$44.40
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$28.85
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1.86
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Citigroup Inc.
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C
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$59.43
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$67.43
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15.18%
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$68.91
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$42.50
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0.90
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DNB Financial Corp.
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DNBF
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$28.40
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$34.85
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21.30%
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$35.85
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$25.01
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1.51
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Fulton Financial Corporation
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FULT
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$18.90
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$18.05
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-3.44%
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$19.90
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$13.39
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1.48
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Harleysville Savings Financial Corporation
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HARL
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$21.65
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$22.38
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4.39%
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$24.00
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$18.11
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1.26
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Investors Bancorp Inc.
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ISBC
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$13.95
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$13.10
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-4.80%
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$15.11
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$11.10
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1.25
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JPMorgan Chase & Co.
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JPM
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$86.29
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$91.28
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6.39%
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$94.51
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$63.38
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1.42
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M&T Bank Corporation
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MTB
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$156.43
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$160.59
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4.30%
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$173.72
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$111.82
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1.67
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Malvern Bancorp, Inc.
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MLVF
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$21.15
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$24.80
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17.26%
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$24.90
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$15.64
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1.64
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OceanFirst Financial Corp.
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OCFC
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$30.03
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$26.49
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-9.82%
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$30.70
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$18.46
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1.48
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Parke Bancorp Inc.
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PKBK
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$20.15
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$20.20
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0.25%
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$22.95
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$12.27
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1.39
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Prudential Bancorp, Inc.
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PBIP
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$17.12
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$17.10
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0.29%
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$18.74
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$14.17
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1.12
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QNB Corp.
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QNBC
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$35.80
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$40.55
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13.41%
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$42.10
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$32.80
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1.45
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Quaint Oak Bancorp Inc
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QNTO
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$12.00
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$13.25
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7.92%
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$14.00
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$11.51
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1.12
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Republic First Bancorp Inc.
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FRBK
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$8.35
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$8.75
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6.59%
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$9.90
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$3.70
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2.32
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Royal Bancshares of Pennsylvania Inc.
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RBPAA
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$4.15
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$4.27
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3.37%
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$4.66
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$2.25
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2.38
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Sun Bancorp Inc.
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SNBC
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$26.00
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$24.30
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-6.35%
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$26.80
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$21.05
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1.44
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The Bancorp Inc.
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TBBK
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$7.86
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$7.70
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-1.40%
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$8.20
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$4.41
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1.39
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The PNC Financial Services Group, Inc.
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PNC
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$116.96
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$127.65
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10.12%
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$131.83
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$81.35
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1.50
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The Royal Bank of Scotland Group plc
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RBS
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$5.53
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$6.59
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20.07%
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$7.06
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$4.18
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0.62
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The Toronto-Dominion Bank
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TD
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$49.34
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$51.52
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4.46%
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$54.44
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$42.75
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1.76
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Tompkins Financial Corporation
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TMP
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$94.54
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$78.58
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-16.74%
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$96.70
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$69.46
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2.11
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Univest Corporation of Pennsylvania
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UVSP
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$30.90
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$30.35
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-1.29%
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$31.50
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$21.15
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1.59
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Wells Fargo & Company
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WFC
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$55.11
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$53.30
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-2.12%
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$59.99
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$43.55
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1.51
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WSFS Financial Corp.
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WSFS
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$46.35
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$45.60
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-2.59%
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$50.55
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$31.90
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2.02
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| Financial Articles (By Company) |
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Date Posted
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Reference/Company
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Article
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Source
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7/28/17
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Bank of America
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Charlotte Business Journal
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7/19/17
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Bank of America
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Yahoo Finance
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7/18/17
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Bank of America
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Yahoo Finance
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7/4/17
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Bank of America
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Market Realist
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7/25/17
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Bank of America / Wells Fargo
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The Motley Fool
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7/26/17
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Customers Bank
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Yahoo Finance
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6/30/17
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OceanFirst Financial Corp. / Sun Bancorp, Inc.
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Yahoo Finance
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7/12/17
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Royal Bank of Scotland
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Yahoo Finance
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7/5/17
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TD Bank
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Philadelphia Business Journal
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7/24/17
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The Bank of Princeton
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Philadelphia Business Journal
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7/11/17
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TruMark Financial Credit Union / Philadelphia Mint Federal Credit Union
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Philadelphia Business Journal
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7/31/17
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Wells Fargo
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Philadelphia Business Journal
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7/28/17
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Wells Fargo
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Philadelphia Business Journal
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7/27/17
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Wells Fargo
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Philadelphia Business Journal
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7/18/17
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Wells Fargo
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The Motley Fool
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7/16/17
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Wells Fargo
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Yahoo Finance
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7/14/17
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Wells Fargo
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Philadelphia Business Journal
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7/13/17
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Wells Fargo
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CNBC
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7/12/17
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Wells Fargo
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The Morning Call
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7/10/17
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Wells Fargo
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Philadelphia Business Journal
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| Financial Articles (General) |
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Date Posted
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Reference/Company
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Article
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Source
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7/30/17
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General
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Philadelphia Business Journal
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7/27/17
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General
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Yahoo Finance
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7/26/17
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General
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Philly.com
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7/24/17
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General
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Philly.com
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7/20/17
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General
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Philadelphia Business Journal
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7/19/17
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General
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The Motley Fool
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7/19/17
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General
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CoStar
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7/18/17
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General
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Yahoo Finance
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7/14/17
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General
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Philly.com
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7/12/17
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General
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The Motley Fool
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7/12/17
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General
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Yahoo Finance
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7/11/17
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General
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Philly.com
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7/10/17
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General
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Yahoo Finance
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7/4/17
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General
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The Morning Call
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Equity Retail Brokers - Capital Markets Review - Leading Rates
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US Treasuries
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Current
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1 Month Prior
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3 Month Prior
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6 Month Prior
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1 Year Prior
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3 Month Treasury
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1.07
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1.01
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0.80
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0.51
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0.25
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6 Month Treasury
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1.13
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1.14
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0.97
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0.63
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0.37
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1 Year Treasury
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1.21
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1.23
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1.07
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0.76
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0.49
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2-Year
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1.35
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1.38
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1.27
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1.20
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0.66
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5-Year
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1.84
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1.89
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1.82
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1.91
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1.02
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10-Year
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2.29
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2.30
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2.29
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2.45
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1.45
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30-Year
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2.90
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2.83
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2.95
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3.06
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2.18
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Key Rates
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Current
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1 Month Prior
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3 Month Prior
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6 Month Prior
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1 Year Prior
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Fed Funds Rate
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1.16
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1.05
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0.82
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0.67
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0.30
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Federal Reserve Target Rates
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1.25
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1.25
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1.00
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0.75
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0.50
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Prime Rate
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4.25
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4.25
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4.00
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3.75
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3.50
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Muni Bonds - Yields
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Current
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1 Month Prior
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3 Month Prior
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6 Month Prior
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1 Year Prior
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1-Year
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0.85
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0.84
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0.84
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0.91
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0.47
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2-Year
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0.98
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0.99
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1.01
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1.12
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0.54
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5-Year
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1.26
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1.35
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1.45
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1.67
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0.88
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10-Year
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1.90
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1.96
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2.16
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2.31
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1.45
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30-Year
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2.76
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2.81
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3.02
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3.11
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2.18
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Libor
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Current
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1 Month Prior
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3 Month Prior
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6 Month Prior
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1 Year Prior
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1-Month Libor
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1.23
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1.22
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0.99
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0.77
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0.49
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3-Month Libor
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1.32
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1.30
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1.17
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1.03
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0.74
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6-Month Libor
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1.45
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1.45
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1.42
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1.35
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1.07
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1-Year Libor
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1.74
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1.73
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1.77
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1.72
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1.37
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| Business People in the News |
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Institution
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Person
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Source
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Date
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Description
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Wells Fargo
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Greg Redden / Anthony Rosado
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Philadelphia Business Journal
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7/31/2017
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Greg Redden
is no longer the Philadelphia-area Regional President at Wells Fargo, the largest bank in the region by deposits, as part of a company-wide management shakeup. Redden will be with the San Francisco-based bank through a 60-day notice period, according to a spokesman. The same goes for Anthony Rosado, who just became area president in charge of all of the bank's Philadelphia locations earlier this year.
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Wells Fargo
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Joe Kirk
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Philadelphia Business Journal
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7/31/2017
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Joe Kirk
, who has been regional president in New York City, will become region bank president for Wells Fargo for Greater Philadelphia, which includes the city, eastern Montgomery County, the eastern Main Line and parts of Bucks County. He will be responsible for 87 branches.
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Wells Fargo
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Brian Formisano
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Philadelphia Business Journal
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7/31/2017
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Brian Formisano
, who had been an area president for Wells Fargo in Bucks and Montgomery counties, will be leading the bank's South Jersey network of 64 branches.
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Wells Fargo
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Ivon Creagh / Laura Haffner
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Philadelphia Business Journal
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7/31/2017
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In addition, Ivon Creagh will be relocated from North Jersey to the Lehigh Valley and Northeast Pa. to oversee the 67 Wells Fargo branches there and Laura Haffner will be relocated from Allentown to Reading and spearhead efforts in Central Pennsylvania, where the bank has 62 locations.
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TriState Capital Bank
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Brian S. Fetterolf
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Philadelphia Business Journal
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7/20/2017
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TriState Capital Bank
has promoted Brian S. Fetterolf to CEO.
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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.
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|
Bank
|
City
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State
|
Asking Price
|
Cap Rate
|
Lease
(Years Left)
|
Lease Type
|
Lease Increases
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Chase Bank
|
Mendham
|
NJ
|
$3,066,667
|
3.75%
|
20
|
NNN
|
10% every 5 years
|
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Investors Bank
|
Avenel
|
NJ
|
$3,100,000
|
4.00%
|
10+
|
Ground
|
N/A
|
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First National Bank
|
Severna Park
|
MD
|
$6,722,222
|
4.50%
|
16
|
Ground
|
10% every 5 years
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SunTrust
|
Martinsville
|
VA
|
$2,700,000
|
4.50%
|
10
|
Ground
|
10% every 5 years
|
|
SunTrust
|
Pikesville
|
MD
|
$4,585,551
|
5.00%
|
10
|
NNN
|
3% annually
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|
Bank of America ATM
|
Seaside Heights
|
NJ
|
$571,429
|
5.25%
|
10
|
Corporately Guaranteed
|
15% every 5 years
|
|
PNC Bank
|
Flanders
|
NJ
|
$2,738,095
|
5.25%
|
11
|
Ground
|
15% every 5 years
|
|
Firstrust Bank
|
Doylestown
|
PA
|
$3,885,000
|
5.25%
|
15
|
NNN
|
1.5% annually
|
|
PNC Bank
|
New Castle
|
PA
|
$1,545,000
|
5.50%
|
8
|
NNN
|
17.65% in 2022
|
|
BB&T Bank
|
Nottingham
|
MD
|
3597860
|
5.75%
|
9
|
NNN
|
10% every 5 years
|
|
Santander Bank
|
Whitehall
|
PA
|
$1,539,130
|
5.75%
|
5.75
|
NNN
|
FMV in Options
|
|
Union First Bank
|
Fredericksburg
|
VA
|
$3,261,739
|
5.75%
|
11
|
Ground
|
10% every 5 years
|
|
Bank of America
|
Manassas
|
VA
|
$3,625,000
|
6.20%
|
5
|
NN
|
3% annually
|
|
SunTrust
|
Reisterstown
|
MD
|
$2,650,000
|
6.34%
|
5
|
NNN
|
3% annually
|
|
Sun National Bank
|
Pennington
|
NJ
|
$2,337,000
|
6.50%
|
11
|
NNN
|
17% increase in year 7
|
|
M&T Bank
|
Lake Ridge
|
VA
|
$2,923,077
|
6.50%
|
5
|
NNN
|
10% each option
|
|
Citizens Bank
|
Philadelphia
|
PA
|
$1,314,845
|
6.75%
|
5
|
NN
|
N/A
|
|
HSBC Bank
|
Edison
|
NJ
|
$3,991,000
|
5.5
|
6
|
NNN
|
N/A
|
|
| Equity Retail Brokers Property Listings |
|
Visit our website to see a complete list of our properties currently available.
|
|
For a sample list of NNN bank properties for sale across the U.S., please call or email:
Edward Ginn
610.645.7700 x101
|
If you would like to learn more about the real estate services we provide, please contact:
Edward Ginn | President
Direct: 484.417.2201
Main: 610.645.7700
David Goodman | Principal
Direct: 484.417.2219
Main: 610.645.7700
|
|
| |
Member:
|
This email message and any attachments to it contain information from Equity Retail Brokers, Inc. which is confidential and privileged. Some information may have been obtained from sources considered to be reliable, but Equity Retail Brokers, Inc. makes no representations and warranties, expressed or implied, as to the accuracy of the information. Subject to errors, omissions, or withdrawal without notice. The information is intended for the use of the addressee(s). If you are not the intended recipient, be aware that any disclosure, copying, distribution, or use of the contents of this information is prohibited. If you have received this email message in error, please notify us by return email or telephone immediately and destroy all copies of this message and any attachments. Equity Retail Brokers is licensed in PA, NJ, & DE.
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