Citadel Credit Union is prepared to officially launch its new Business Banking division this August. Earlier this year, the company onboarded a team of business banking experts to build the new division and establish partnerships with clients around the region. Over the past three months, Citadel piloted its business banking offering with multiple organizations ranging from $1 million to $100 million in annual revenue.

(PRNewsfoto/Citadel Credit Union)

"Citadel is proud to introduce our new business banking division to the market. We are ready to hit the ground running and partner with businesses of any size in the region," said Jeff March, President and CEO, Citadel Credit Union. "Our goal is to be the financial partner of choice for businesses looking to ensure prosperity and a stable future."

What Citadel Will Offer?

Citadel Business Banking will offer a full suite of dynamic products and services for businesses of all sizes in the Philadelphia area. With the assistance of a trusted advisor, each business client can customize a premium product mix tailored to their current needs in addition to being scalable for future growth.

Comprehensive options include a variety of flexible checking and savings accounts, certificates, business loans, commercial mortgages, online banking tools, and cash management solutions such as merchant services, remote deposit, HR, and payroll services. The team will also offer banking specialization for private medical, veterinary, and dental practices.

The Need for Business Banking

Currently, Citadel offers a variety of business loans and credit cards, in addition to commercial lending products, supporting businesses across the area with financial guidance. The success of its business lending arm and financial partnership to businesses has paved the way for the organization to fully expand its offering for business clients.

"The pandemic shed light on a need for businesses in this region to have a banking partner that supports their stability – and strength – no matter what," said Phil Sutliff, Head of Citadel's Business Banking. "Citadel is ready to be a trusted partner and advisor for businesses in this new economy as they face inflation, supply chain disruption, and labor market challenges. Our approach is to create a package that includes a full range of cash management and commercial lending that can be customized to fit each unique business need."