| |
|
April 2018 - May 2018
|
|
RECENT NEWS - Financial Institutions
Philadelphia Metropolitan Area
|
|
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
|
Compiled for your information by:
|
|
|
|
|
Contact Us
|
|
Equity Retail Brokers
531 W. Germantown Pike, Suite 103
Plymouth Meeting,
PA 19462
main: 610.645.7700
|
|
| |
| Stock Summary (Alphabetical) |
|
Company
|
Symbol
|
Close of Business 12/29/2017
|
Close of Business 05/31/2018
|
% Change From 12/31/2017 to 05/31/2018
|
52-Wk High -As of Close of Business 05/31/2018
|
52-Wk Low -As of Close of Business 05/31/2018
|
Price/Book As of Close of Business 05/31/2018
|
|
Dow Jones Industrial Average
|
^DJI
|
24,719.22
|
24,415.84
|
-1.23%
|
26,616.71
|
20,994.22
|
-
|
|
NASDAQ Composite
|
^IXIC
|
6,903.39
|
7,442.12
|
7.80%
|
7,637.27
|
6,081.96
|
-
|
|
S&P 500
|
^GSPC
|
2,673.61
|
2,705.27
|
1.18%
|
2,872.87
|
2,405.70
|
-
|
|
Financial Select Sector SPDR ETF
|
XLF
|
27.91
|
27.18
|
-2.62%
|
30.33
|
23.22
|
-
|
|
1st Colonial Bancorp Inc.
|
FCOB
|
$11.50
|
$11.90
|
3.48%
|
$12.15
|
$10.38
|
1.23
|
|
Banco Santander, S.A.
|
SAN
|
$6.54
|
$5.46
|
-16.51%
|
$7.57
|
$5.25
|
0.76
|
|
Bank of America Corporation
|
BAC
|
$29.52
|
$29.04
|
-1.63%
|
$33.05
|
$22.07
|
1.22
|
|
BB&T Corporation
|
BBT
|
$49.72
|
$52.50
|
5.59%
|
$56.31
|
$41.46
|
1.54
|
|
Beneficial Bancorp, Inc.
|
BNCL
|
$16.45
|
$16.35
|
-0.61%
|
$17.50
|
$14.40
|
1.15
|
|
Bryn Mawr Bank Corp.
|
BMTC
|
$44.20
|
$46.95
|
6.22%
|
$47.65
|
$38.75
|
1.79
|
|
Citigroup Inc.
|
C
|
$74.41
|
$66.69
|
-10.37%
|
$80.70
|
$60.17
|
0.93
|
|
DNB Financial Corp.
|
DNBF
|
$33.70
|
$36.05
|
6.97%
|
$37.15
|
$30.00
|
1.52
|
|
Fulton Financial Corporation
|
FULT
|
$17.90
|
$17.45
|
-2.51%
|
$19.90
|
$16.45
|
1.37
|
|
Harleysville Savings Financial Corporation
|
HARL
|
$23.25
|
$23.60
|
1.51%
|
$25.49
|
$21.71
|
1.28
|
|
Investors Bancorp Inc.
|
ISBC
|
$13.88
|
$13.34
|
-3.89%
|
$14.69
|
$12.48
|
1.25
|
|
JPMorgan Chase & Co.
|
JPM
|
$106.94
|
$107.01
|
0.07%
|
$119.33
|
$81.65
|
1.60
|
|
M&T Bank Corporation
|
MTB
|
$170.99
|
$172.08
|
0.64%
|
$197.37
|
$141.12
|
1.72
|
|
Malvern Bancorp, Inc.
|
MLVF
|
$26.20
|
$26.40
|
0.76%
|
$28.20
|
$21.00
|
1.65
|
|
OceanFirst Financial Corp.
|
OCFC
|
$26.25
|
$29.32
|
11.70%
|
$29.67
|
$24.02
|
1.57
|
|
Parke Bancorp Inc.
|
PKBK
|
$20.55
|
$21.95
|
6.81%
|
$24.55
|
$17.88
|
1.48
|
|
Prudential Bancorp, Inc.
|
PBIP
|
$17.60
|
$17.39
|
-1.19%
|
$18.96
|
$15.81
|
1.17
|
|
QNB Corp.
|
QNBC
|
$44.40
|
$46.25
|
4.17%
|
$50.00
|
$40.23
|
1.62
|
|
Quaint Oak Bancorp Inc
|
QNTO
|
$13.00
|
$13.35
|
2.69%
|
$14.00
|
$0.00
|
1.12
|
|
Republic First Bancorp Inc.
|
FRBK
|
$8.45
|
$8.60
|
1.78%
|
$9.90
|
$8.00
|
2.16
|
|
The Bancorp Inc.
|
TBBK
|
$9.88
|
$11.32
|
14.57%
|
$12.00
|
$6.02
|
1.95
|
|
The PNC Financial Services Group, Inc.
|
PNC
|
$144.29
|
$143.41
|
-0.61%
|
$163.59
|
$117.06
|
1.44
|
|
The Royal Bank of Scotland Group plc
|
RBS
|
$7.64
|
$7.38
|
-3.40%
|
$8.74
|
$6.24
|
0.65
|
|
The Toronto-Dominion Bank
|
TD
|
$58.58
|
$58.39
|
-0.32%
|
$61.06
|
$47.45
|
2.07
|
|
Tompkins Financial Corporation
|
TMP
|
$81.35
|
$84.27
|
3.59%
|
$90.50
|
$71.27
|
2.23
|
|
Univest Corporation of Pennsylvania
|
UVSP
|
$28.05
|
$29.10
|
3.74%
|
$32.35
|
$26.61
|
1.41
|
|
Wells Fargo & Company
|
WFC
|
$60.67
|
$53.99
|
-11.01%
|
$66.31
|
$49.27
|
1.45
|
|
WSFS Financial Corp.
|
WSFS
|
$47.85
|
$52.35
|
9.40%
|
$53.60
|
$42.45
|
2.27
|
|
| Financial Articles (By Company) |
|
Date Posted
|
Reference/Company
|
Article
|
Source
|
|
5/21/18
|
Bank of America
|
|
Charlotte Business Journal
|
|
5/7/18
|
Bank of America
|
|
Philadelphia Business Journal
|
|
5/7/18
|
Bank of America
|
|
CNBC
|
|
5/17/18
|
Beneficial Bank
|
|
Philadelphia Business Journal
|
|
5/7/18
|
Beneficial Bank
|
|
Philadelphia Business Journal
|
|
5/2/18
|
Bryn Mawr Bank
|
|
Philadelphia Business Journal
|
|
5/29/18
|
Citigroup
|
|
Yahoo Finance
|
|
5/29/18
|
Citigroup
|
|
Yahoo Finance
|
|
5/18/18
|
Citigroup / Bank of America
|
|
Yahoo Finance
|
|
5/30/18
|
Citizens Bank
|
|
Pittsburgh Business Times
|
|
5/31/18
|
Citizens Bank
|
|
Philadelphia Business Journal
|
|
5/24/18
|
Citizens Bank / BB&T / Santander Bank / Key Bank / M&T Bank
|
|
Philadelphia Business Journal
|
|
5/3/18
|
Customers Bancorp
|
|
Philadelphia Business Journal
|
|
5/15/18
|
Customers Bank
|
|
Philadelphia Business Journal
|
|
5/7/18
|
Customers Bank
|
|
Yahoo Finance
|
|
5/9/18
|
ESSA Bank & Trust
|
|
The Morning Call
|
|
5/22/18
|
Fulton Bank
|
|
Yahoo Finance
|
|
5/30/18
|
PNC Bank
|
|
Pittsburgh Business Times
|
|
5/11/18
|
PNC Bank
|
|
Pittsburgh Business Times
|
|
5/22/18
|
S&T Bank
|
|
Yahoo Finance
|
|
5/29/18
|
Univest Corp.
|
|
Philadelphia Business Journal
|
|
5/30/18
|
Wells Fargo
|
|
Bloomberg
|
|
5/21/18
|
Wells Fargo
|
|
Yahoo Finance
|
|
5/17/18
|
Wells Fargo
|
|
Charlotte Business Journal
|
|
5/14/18
|
Wells Fargo
|
|
Philadelphia Business Journal
|
|
5/11/18
|
Wells Fargo
|
|
Yahoo Finance
|
|
5/8/18
|
Wells Fargo
|
|
Philadelphia Business Journal
|
|
5/7/18
|
Wells Fargo
|
|
Philadelphia Business Journal
|
|
5/3/18
|
Wilmington Trust
|
|
Philadelphia Business Journal
|
|
| Financial Articles (General) |
|
Date Posted
|
Reference/Company
|
Article
|
Source
|
|
5/22/18
|
General
|
|
Philadelphia Business Journal
|
|
5/18/18
|
General
|
|
Philadelphia Business Journal
|
|
5/15/18
|
General
|
|
Philly.com
|
|
5/8/18
|
General
|
|
MarketWatch
|
|
5/1/18
|
General
|
|
Market Realist
|
|
5/1/18
|
General
|
|
Philadelphia Business Journal
|
|
|
Equity Retail Brokers - Capital Markets Review - Leading Rates
|
|
|
|
|
|
|
|
|
US Treasuries
|
Current
|
1 Month Prior
|
3 Month Prior
|
6 Month Prior
|
1 Year Prior
|
|
3 Month Treasury
|
1.89
|
1.79
|
1.64
|
1.26
|
0.97
|
|
6 Month Treasury
|
2.08
|
2.00
|
1.84
|
1.43
|
1.07
|
|
1 Year Treasury
|
2.22
|
2.23
|
2.05
|
1.60
|
1.15
|
|
2-Year
|
2.43
|
2.49
|
2.26
|
1.78
|
1.28
|
|
5-Year
|
2.70
|
2.80
|
2.65
|
2.12
|
1.75
|
|
10-Year
|
2.86
|
2.95
|
2.87
|
2.39
|
2.20
|
|
30-Year
|
3.02
|
3.12
|
3.14
|
2.79
|
3.00
|
|
|
|
Key Rates
|
Current
|
1 Month Prior
|
3 Month Prior
|
6 Month Prior
|
1 Year Prior
|
|
Fed Funds Rate
|
1.69
|
1.68
|
1.41
|
1.16
|
0.91
|
|
Federal Reserve Target Rates
|
1.75
|
1.75
|
1.50
|
1.25
|
1.00
|
|
Prime Rate
|
4.75
|
4.75
|
4.50
|
4.25
|
4.00
|
|
|
|
Muni Bonds - Yields
|
Current
|
1 Month Prior
|
3 Month Prior
|
6 Month Prior
|
1 Year Prior
|
|
1-Year
|
1.66
|
1.76
|
1.38
|
1.32
|
0.76
|
|
2-Year
|
1.78
|
1.87
|
1.57
|
1.52
|
0.89
|
|
5-Year
|
2.02
|
2.20
|
1.99
|
1.78
|
1.24
|
|
10-Year
|
2.43
|
2.53
|
2.49
|
2.21
|
1.90
|
|
30-Year
|
2.94
|
3.15
|
3.10
|
2.86
|
2.76
|
|
|
|
Libor
|
Current
|
1 Month Prior
|
3 Month Prior
|
6 Month Prior
|
1 Year Prior
|
|
1-Month Libor
|
1.98
|
1.90
|
1.66
|
1.35
|
1.05
|
|
3-Month Libor
|
2.31
|
2.36
|
2.01
|
1.48
|
1.20
|
|
6-Month Libor
|
2.47
|
2.52
|
2.21
|
1.66
|
1.41
|
|
1-Year Libor
|
2.71
|
2.78
|
2.48
|
1.94
|
1.72
|
|
|
|
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.
|
Bank
|
City
|
State
|
Asking Price
|
Cap Rate
|
Lease (Years Left)
|
Lease Type
|
Lease Increases
|
2017 Deposits
|
|
Investors Bank
|
Avenel
|
NJ
|
$3,100,000
|
4.00%
|
10+
|
Ground
|
N/A
|
$70,791,000
|
|
Chase Bank
|
Clinton
|
NJ
|
$5,647,000
|
4.25%
|
19
|
NNN
|
10% every 5 years
|
New Branch
|
|
Chase Bank
|
Phillipsburg
|
NJ
|
$4,118,000
|
4.25%
|
Unknown
|
NNN
|
Unknown
|
New Branch
|
|
PNC Bank
|
Bowie
|
MD
|
$4,500,000
|
5.00%
|
9
|
Ground
|
N/A
|
$48,460,000
|
|
BB&T Bank
|
Mullica Hill
|
NJ
|
$4,571,000
|
5.00%
|
Unknown
|
Unknown
|
Unknown
|
$60,031,000
|
|
SunTrust
|
Purcellville
|
VA
|
$7,475,000
|
5.15%
|
14
|
Ground
|
10% every 5 years
|
New Branch
|
|
SunTrust
|
Richmond
|
VA
|
$3,820,000
|
5.17%
|
10
|
NNN
|
1.5% annually
|
$67,239,000
|
|
Union Bank & Trust
|
Midlothian
|
VA
|
$2,666,650
|
5.25%
|
6
|
NN
|
N/A
|
$70,530,000
|
|
TD Bank
|
Clinton
|
MD
|
$7,375,250
|
5.25%
|
9
|
Ground
|
10% every 5 years
|
$48,441,000
|
|
Community Bank
|
Washington
|
PA
|
$857,143
|
5.25%
|
16
|
Ground
|
N/A
|
$128,953,000
|
|
Community Bank of the Tri-County
|
Lusby
|
MD
|
$3,600,000
|
5.25%
|
17
|
NNN
|
15% in 2025
|
$34,470,000
|
|
Bank of America
|
Fredericksburg
|
VA
|
$5,877,000
|
5.25%
|
Unknown
|
Ground
|
Unknown
|
$20,923,000
|
|
Wells Fargo
|
Woodbridge
|
VA
|
$1,870,000
|
5.50%
|
8
|
Ground
|
10% every 5 years
|
$44,096,000
|
|
Wells Fargo
|
Reading
|
PA
|
$1,070,000
|
5.61%
|
Unknown
|
NNN
|
Unknown
|
$42,978,000
|
|
BB&T Bank
|
Selinsgrove
|
PA
|
$2,366,743
|
5.65%
|
11
|
NNN
|
Every 5 years
|
$29,740,000
|
|
Union Bank & Trust
|
Fredericksburg
|
VA
|
$3,261,739
|
5.75%
|
11
|
Ground
|
10% every 5 years
|
$21,514,000
|
|
PNC Bank
|
Easton
|
PA
|
$1,333,000
|
6.00%
|
5
|
NN
|
6.68% in 2018
|
$40,936,000
|
|
PNC Bank
|
York
|
PA
|
$1,166,667
|
6.00%
|
6
|
Ground
|
21.4% in year 17
|
$25,026,000
|
|
KeyBank
|
Conshohocken
|
PA
|
$4,618,167
|
6.00%
|
9
|
Ground
|
10% every 5 years
|
$55,026,000
|
|
BB&T Bank
|
Nottingham
|
MD
|
$3,447,950
|
6.00%
|
9
|
NNN
|
10% every 5 years
|
$61,706,000
|
|
BB&T
|
Fredericksburg
|
VA
|
$5,510,417
|
6.00%
|
10
|
Ground
|
15% every 5 years
|
$29,883,000
|
|
S&T Bank
|
Harrisburg
|
PA
|
$2,341,000
|
6.00%
|
10
|
NNN
|
12.5% every 5 years
|
$51,616,000
|
|
SunTrust
|
South Boston
|
VA
|
$1,985,200
|
6.00%
|
11
|
NNN
|
1.5% annually
|
$60,028,000
|
|
SunTrust
|
Bladensburg
|
MD
|
$2,901,350
|
6.00%
|
Unknown
|
NNN
|
Unknown
|
$22,665,000
|
|
SunTrust
|
Roanoke
|
VA
|
$413,530
|
6.00%
|
Unknown
|
NNN
|
Unknown
|
$16,196,000
|
|
KeyBank
|
Greensburg
|
PA
|
$1,400,000
|
6.00%
|
4
|
NNN
|
N/A
|
$52,894,000
|
|
SunTrust
|
Madison Heights
|
VA
|
$859,110
|
6.00%
|
10
|
NNN
|
1.5% annually
|
$48,175,000
|
|
PNC Bank
|
Pittsburgh
|
PA
|
$2,126,000
|
6.00%
|
8
|
Ground
|
11% in April, 2021
|
$103,302,000
|
|
Shore United Bank
|
Felton
|
DE
|
$1,565,572
|
6.25%
|
7
|
NNN
|
5% every 5 years
|
$44,710,000
|
|
Citizens Bank
|
Marlton
|
NJ
|
$1,722,882
|
6.25%
|
15
|
NNN
|
1% annually
|
$65,558,000
|
|
BB&T Bank
|
Quakertown
|
PA
|
$2,904,000
|
6.25%
|
Unknown
|
Ground
|
N/A
|
$37,891,000
|
|
Wells Fargo
|
Reisterstown
|
MD
|
$6,297,619
|
6.30%
|
Unknown
|
Ground
|
Unknown
|
$126,075,000
|
|
Citizens Bank
|
Philadelphia
|
PA
|
$1,250,000
|
7.10%
|
5
|
NN
|
N/A
|
$46,054,000
|
|
Citizens Bank
|
Grove City
|
PA
|
$922,254
|
7.75%
|
4
|
NNN
|
1% annually
|
$44,563,000
|
|
Citizens Bank
|
Philadelphia
|
PA
|
$1,400,000
|
7.88%
|
Unknown
|
NNN
|
Unknown
|
$43,555,000
|
|
Citizens Bank
|
Shippensburg
|
PA
|
$609,434
|
8.00%
|
4
|
NNN
|
1% annually
|
$40,417,000
|
|
Citizens Bank
|
West Grove
|
PA
|
$962,265
|
8.00%
|
4
|
NNN
|
1% annually
|
$57,552,000
|
|
Citizens Bank
|
New Stanton
|
PA
|
$995,000
|
8.08%
|
4
|
NNN
|
1% annually
|
$44,125,000
|
|
Citizens Bank
|
Kutztown
|
PA
|
$705,861
|
9.75%
|
4
|
NNN
|
1% annually
|
$43,857,000
|
|
Wells Fargo
|
Branchburg
|
NJ
|
$4,500,000
|
Unknown
|
Unknown
|
NNN
|
Unknown
|
$54,651,000
|
|
M&T Bank
|
Woodbridge
|
VA
|
Unpriced
|
Unpriced
|
4
|
NNN
|
N/A
|
$13,739,000
|
|
| 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:
n
|
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.
|
|
|
|
| |
|
