Presence Bank
Presence Bank is a Pennsylvania community bank (heritage since 1871) offering personal, business, treasury, and wealth management services across Chester and Lancaster Counties, acquired by Norwood Financial Corp in January 2026 and merged into Wayne Bank.
- Company typePrivate
- Founded1919
- HeadquartersCoatesville, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Presence Bank does
Presence Bank was a community bank headquartered in Coatesville, Pennsylvania, serving Chester and Lancaster Counties with personal and business banking services. Its product portfolio spanned Personal Banking (checking, savings, CDs, mortgages, home equity, auto, student, and personal loans), Business Banking (business checking, money market, small business loans, SBA 7(a) and 504 lending, and agricultural loans), Treasury Management (Positive Pay, ACH Origination, Remote Deposit Capture, Clover Merchant Solutions, ICS/CDARS), and Wealth Management (trust, investment, and estate services). Distribution combined a regional branch network with an online and mobile banking platform integrated with Zelle for peer-to-peer payments, Bill Pay, and mobile deposit capture.
The bank's revenue model was traditional community banking, primarily generating net interest income from the spread between interest earned on loans and interest paid on deposits. On January 5, 2026, Norwood Financial Corp (NASDAQ: NWFL) completed its acquisition of PB Bankshares, Inc. (Presence Bank's parent) for approximately $500 million, funded 87% in Norwood common stock and 13% in cash. Presence Bank was subsequently merged into Wayne Bank, Norwood's banking subsidiary. The combined entity operates approximately $2.9 billion in assets across 33 office locations and reported record Q1 2026 net interest income of $24.6 million, up 38% year-over-year, with net interest margin expanding 38 basis points to 3.68%. Integration of core systems is ahead of schedule, tangible book value dilution came in at 2.24% versus the 4.2% originally projected, and a Commercial Credit AI Automation capability is planned for July 2026 to streamline commercial loan decisioning.
Presence Bank firmographics
Firmographics- Name
- Presence Bank
- Legal name
- Presence Bank
- Website
- https://presencebank.com
- Company type
- Private
- Founded year
- 1919
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Presence Bank is a Pennsylvania community bank (heritage since 1871) offering personal, business, treasury, and wealth management services across Chester and Lancaster Counties, acquired by Norwood Financial Corp in January 2026 and merged into Wayne Bank.
- Ownership category
- akta.pro rank
Presence Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
Keywords
Where Presence Bank is headquartered
LocationHeadquarters
- HQ city
- Coatesville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Presence Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Net Interest Income: Traditional banking revenue generated from the spread between interest earned on loans and interest paid on deposits. Q1 2026 reported record net interest income of $24.6 million, representing 38% year-over-year increase driven by the Presence Bank acquisition.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
Presence Bank product offering
Product offeringCore offering
Presence Bank was a Pennsylvania community bank providing Personal Banking (checking, savings, CDs, mortgages, auto, student, home equity loans), Business Banking (checking, money market, small business and agriculture loans, SBA lending), Treasury Management (Positive Pay, ACH, Remote Deposit Capture, Merchant Solutions), and Wealth Management (Trust, Investment, and Estate Services). Following the January 2026 acquisition by Norwood Financial Corp, the bank merged into Wayne Bank, extending the combined entity to roughly $2.9 billion in assets across 33 Pennsylvania offices.
Product overview
Wayne Bank operates as a full-service community bank providing personal, business, and wealth management services through a unified platform. Following the January 2026 acquisition of Presence Bank (formerly PB Bankshares, Inc.), the two banks merged operations, creating a combined entity with approximately $2.9 billion in assets and 33 branch locations extending into Chester and Lancaster Counties, Pennsylvania. The product portfolio centers on core banking services—checking, savings, and loan products—organized into Personal Banking, Business Banking, Treasury Management, and Wealth Management divisions. Digital banking capabilities including online and mobile platforms with Zelle payments and mobile deposit are integrated into the core service offering. Treasury Management services (Positive Pay, ACH, Remote Deposit Capture, Merchant Solutions via Clover) serve commercial clients. The integration roadmap includes planned commercial credit AI automation for July 2026 to automate loan decisioning.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Banking Personal banking services for individual consumers and families, including Rewards Checking, Simply Free Checking, Statement Savings, CDs, Money Market, auto, student and cash reserve loans, mortgages, home equity loans, and debit/credit cards.
- Business Banking Deposit, lending, and payment products for small and medium-sized businesses, farms, and agricultural operations, including business checking accounts, money market, debit cards, small business loans, agriculture loans, and SBA 7(a)/504 lending.
- Treasury Management Treasury and cash management services for commercial clients, including Positive Pay, Corporate Wires, ACH Origination, Remote Deposit Capture, Merchant Solutions via Clover, Card Services, and ICS/CDARS deposit placement.
- Wealth Management Trust, investment, and estate services delivered through a team-based advisory approach with online account access for personal and business wealth clients.
- Commercial Credit AI Automation Planned AI-driven automation of commercial credit decisions that evaluates loan applications, assesses creditworthiness, and streamlines approval workflows for commercial lending.
Quantifiable outcome
- Record net interest income of $24.6 million in Q1 2026, up 38% year-over-year
- +2 more outcomes
Companies that use Presence Bank
Customer profileSegments2 records
Ideal customer profiles2 records
Presence Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability2 records
Feature1 record
Presence Bank partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Presence Bank competitors and assessment
Company assessmentDirect peers
- First Keystone Corporation:
- Tompkins Financial Corporation: Tompkins Financial operates community banks across the Northeast U.S. (including New York and Pennsylvania), offering personal, business, and wealth management services. Comparable in scale, community banking focus, and regional deposit-gathering model to Wayne Bank/Presence Bank.
- S&T Bancorp: S&T Bancorp is a Pennsylvania-based community bank holding company offering commercial, consumer, and wealth management services. Directly comparable as a Pennsylvania-focused regional bank of similar scale and product mix.
- Univest Financial Corporation: Univest Financial is a Pennsylvania-based bank holding company serving southeastern and central Pennsylvania with personal, business, and wealth banking. Overlaps Presence Bank's Chester County footprint and shares a community/commercial banking model.
- ACNB Corporation: ACNB Corporation operates a Pennsylvania community bank with personal, business, and trust services, with particular strength in agricultural lending. Comparable to Presence Bank's agricultural loan portfolio and small-business focus in south-central Pennsylvania.
Broad incumbents
- Customers Bancorp: Customers Bancorp is a Pennsylvania-headquartered bank holding company with commercial and consumer banking operations. It is comparable as a Mid-Atlantic community/commercial bank peer overlapping Presence Bank's Pennsylvania footprint.
- Fulton Financial Corporation: Fulton Financial is a Mid-Atlantic regional bank holding company operating across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. Comparable as a larger Pennsylvania-anchored community/commercial bank competitor in the same geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key highlights6 records
Customer concentration
Presence Bank compliance and trust
Trust signalCompliance1 record
Presence Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Presence Bank leadership team
Management profileNumber of profiles
Presence Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Presence Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Presence Bank
What does Presence Bank do?
Presence Bank was a Pennsylvania community bank providing Personal Banking (checking, savings, CDs, mortgages, auto, student, home equity loans), Business Banking (checking, money market, small business and agriculture loans, SBA lending), Treasury Management (Positive Pay, ACH, Remote Deposit Capture, Merchant Solutions), and Wealth Management (Trust, Investment, and Estate Services). Following the January 2026 acquisition by Norwood Financial Corp, the bank merged into Wayne Bank, extending the combined entity to roughly $2.9 billion in assets across 33 Pennsylvania offices.
Is Presence Bank a public or private company?
Presence Bank is a private company. It is classified as corporate owned and is currently acquired.
When was Presence Bank founded?
Presence Bank was founded in 1919. It employs 11 to 50 people.
Where is Presence Bank based?
Presence Bank is headquartered in Coatesville, United States, in the North America region.
How does Presence Bank make money?
One revenue line is on record: net Interest Income.
Who are Presence Bank's main competitors?
Direct peers on record are First Keystone Corporation, Tompkins Financial Corporation, S&T Bancorp, Univest Financial Corporation and ACNB Corporation. Broad incumbents are Customers Bancorp and Fulton Financial Corporation.
Does Presence Bank have an API?
No public API is recorded for Presence Bank.
What industry is Presence Bank in?
Presence Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks). Its NAICS code is 52211 and its SIC code is 6022.