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Home > Company Index > Banking > Banking - Northeast > Progress Financial Corporation

Progress Financial Corporation
Nasdaq: PFNC
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 NEWS FROM THE WIRES
Eurostocks gain as techs bank on swift recovery
Jul 12 2001 08:35 AM PDT

Progress sees loss, exits tech lending business
Jul 12 2001 08:34 AM PDT

More WIRE STORIES about this company

 PROFILE
Progress Financial is the holding company for Progress Bank, which operates nearly 20 branches in the greater Philadelphia area. Targeting individuals and local businesses, the bank offers standard retail products like checking and savings accounts, money market accounts, and CDs. Commercial real estate and business loans each comprise about a third of Progress's portfolio; single-family mortgages and construction and consumer loans are also available. Progress Financial's other subsidiaries include Progress Realty Advisors, which offers commercial mortgage banking and brokerage, and Progress Leasing, which provides equipment finance to small and midsized businesses in the mid-Atlantic region.

 COMPETITION
Harleysville National Corporation (HNBC)
Patriot Bank Corp. (PBIX)
Republic First Bancorp, Inc. (FRBK)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 86.60
1-Yr. Sales Growth: 18.3%
Employees: 298
Revenue per employee: $290,604.03

 KEY PEOPLE
• W. Kirk Wycoff
    CEO
• Michael B. High
    CFO

 CONTACT INFO
4 Sentry Pkwy., Ste. 200
Blue Bell, PA 19422
US
Phone: 610-825-8800
Fax: 610-834-8744
Online: Web Site

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