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Philadelphia Area

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Banking in the Philadelphia Area

Philadelphia is Pennsylvania’s largest city and has a vibrant banking industry and a large economy; it is also home to seven Fortune 1000 companies. The historical city was founded in 1682 by William Penn and is now home to over 1.5 million people. It boasts many museums and cultural institutions, as well as 67 national landmarks, including Independence Hall.

Nestled within Philadelphia are the headquarters of more than 125 banks and 190 credit unions. The city's oldest remaining bank is PNC Bank, which was originally established in 1804. Some of the other notable banking institutions headquartered in the Philadelphia metropolitan area include Citizens Bank Of Pennsylvania, TD Bank, Chase Bank USA, National Association, and Sovereign Bank. The area boasts an enormous number of bank branches, around 3,850. These branches hail from more than 225 credit unions and 195 banks. The city is also home to The Federal Reserve Bank of Philadelphia, which helps to design and implement monetary policy and supervises both banks and bank holding companies.

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Local Deals & News

Santander Bank Offers $400 Checking Account Bonus
Deal Summary: $400 checking bonus, available through September 30, 2021. Availability: Residents of CT, DE, MA, NH, NJ, NY, PA, RI, and portions of FL. Now through September 30, 2021,
TD Bank $200 Savings and $300 Checking Bonuses Available Again
Deal Summary: $200 bonus, TD Beyond Savings or TD Simple Savings; $300 bonus, TD Beyond Checking. Availability: Available in CT, DC, DE, FL, ME, MD, MA, NH, NJ, NY, NC,
Genisys Credit Union Offers High Yield But Low Cap Reward Checking
Deal Summary: Genius Checking, 4.07% APY on qualifying balances up to $7.5k Availability: Easy membership requirement Genisys Credit Union (Genisys) is now an easy membership requirement credit union, making its
Customers Ascent MMkt Dropping to .5%
Two days' notice, via email: After that long guaranteed run of 2.25% through June 2019, the air continues to be let out of the tires . . .
PenFed Credit Union Ups All CD Rates
Deal Summary : 15-month Money Market Certificate, 0.75% APY, $1k minimum deposit Availability: Easy membership requirement It’s been a long 2½ years since I last wrote about Certificate rate increases
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