DNB Financial reports Q2 results
- BySeeking Alpha
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As of November 30, 2019, DNB Financial Corporation was acquired by S&T Bancorp, Inc. DNB Financial Corporation operates as the bank holding company for DNB First, National Association that provides a range of commercial banking products and services to individuals and small to medium sized businesses. The company offers deposit products, including money market, savings, demand, and NOW accounts; and time products. It also provides loan products comprising funds for the purchase of business property or ventures, working capital lines, small business administration loans, and lease financing for equipment and for various other purposes; and home equity and home mortgages, as well as term loans for the purchase of consumer goods. In addition, the company offers cash management, remote capture, Internet banking, letters of credit, and other lending services, as well as commercial sweep accounts; and various investment and insurance products, such as fixed and variable annuities, 401(k) plans and rollovers, stocks, self-directed and managed IRAs, bonds, mutual funds, brokerage, long term care insurance, 529 college savings plans, life insurance, separately managed investment accounts, disability insurance, and self-employed pension plans. It operates through 14 full service branches and a full-service wealth management group in the southeastern Pennsylvania market area. The company was founded in 1860 and is headquartered in Downingtown, Pennsylvania.