Renaissance Capital logo

Meridian Bank Priced, Nasdaq: MRBK

Commercial bank with 22 locations in the Philadelphia MSA.

Industry: Financials

First Day Return: +7.4%

Industry: Financials

Meridian Bank is a full-service, state-chartered commercial bank with offices in the greater Philadelphia metropolitan market. Our teams of experienced lenders service small and middle market businesses throughout our market area. We promote electronic banking, minimizing branch visits and reduce people and paper costs. We have a modern, progressive consultative approach to creating innovative solutions. We provide a high degree of service, convenience and products our customers need to achieve their financial objectives, through commercial and commercial real estate, cash management and merchant solutions, homeowner mortgages and trusted advice regarding financial planning and management of wealth. Led by our Chairman and CEO Christopher Annas, the bank was formed in 2004. As of June 30, 2017, we had total assets of $781 million, total loans, net of fees and costs, of $648 million, total deposits of $560 million and total stockholders' equity of $71 million.
more less

Meridian Bank (MRBK) Performance