First Penn Bank-Conestoga integration is complete

Conestoga Bancorp Inc. said today it has completed the integration of First Penn Bank, of Philadelphia, into Conestoga Bank.

Conestoga Bank now operates 14 banking offices in the greater Philadelphia area.

"Conestoga Bank will continue to invest in the greater Philadelphia market with significant physical improvements planned for branches in south Philadelphia and Montgomery county, including a new banking office coming soon to Blue Bell," president and chief executive Richard A. Elko, said.

Conestoga, chartered in July 2006, is a private bank holding company that owns all the capital stock of Conestoga Bank. The bank has total assets of about $600 million.