Retail Loan Processor
Retail Loan Processor
The Bank of Landisburg is seeking a Retail Loan Processor for our Newport location.
This position will process all real estate/collateral secured loan documentation.
Applicants should have three (3) years’ related experience.
Submit resumes to:
The Bank of Landisburg
Attn: Human Resource Officer
P.O. Box 179
Landisburg, PA 17040
Or apply at www.bankoflandisburg.com
EOE
The Bank of Landisburg is somewhat unique, in that in addition to being an independent bank, until April 17, 1992, it had been a private bank. Private banks were unincorporated and in almost all cases, family owned or owned by two or more partners. Landisburg again was different. Since it was founded, it has been owned by a group of stockholders. The bank had been described at times as a large partnership and at other times as an unincorporated stock company.
In the late 1970's, there were less than fifteen private banks in the United States. Five of those banks were in Pennsylvania. In 1990, three private banks remained in Pennsylvania. It is unknown if any still existed outside of this state. Because the private bank's depositors were not covered by federal insurance (FDIC), the Pennsylvania Department of Banking pressured these remaining banks to relinquish their private charters and take steps to qualify for FDIC insurance.
On April 17, 1992, for a few hours, The Bank of Landisburg was the last operating private bank in Pennsylvania (and possibly in the United States). The other two Pennsylvania private banks were closed by the Department of Banking because of their financial health.
On April 20, 1992, The Bank of Landisburg opened for business as an incorporated, federally insured, state chartered, Federal Reserve Member bank.