Bank is Back: PennCrest Set to Open Williamsburg Branch Oct. 17
October 6, 2022
PennCrest Bank's purchase of Mid Penn Bank's Williamsburg office has received regulatory approval and is scheduled to begin operations on Oct. 17.
Last December, Mid Penn, the borough's only bank, announced it was closing its Williamsburg location, forcing residents travel out of town to do their banking.
PennCrest, based in Altoona, stepped up last spring and entered into a purchase assumption agreement with Mid Penn, taking on certain deposit liabilities and loans. The agreement also called for residential and municipal accounts to be transferred to PennCrest after the sale was completed....