Commercial Bank opens new Ligonier trust department
The Ligonier branch of Commercial Bank and Trust of Pa., located at 201 W. Main St., recently opened its new asset management and trust division.
Last week, the bank held its official ribbon-cutting ceremony, enacted by Miss Ligonier, Rachel Allison, and was attended by bank employees and members of the Ligonier Chamber of Commerce board of trustees.
The new division will offer investment management, trust services, estate services, guardian services and any other services involving money management.
Division manager Chris Emert said the branch has been planning to offer these services for a number of years and seized opportunity when Ligonier's BNY Mellon branch closed and after determining 75-80 percent of new customers are from Ligonier.
“Customers will have a local presence because the bigger banks are taking off,” Emert said. “But we are going to be right here so people don't have to go into Greensburg, they don't have to go into Pittsburgh; we are going to be right here in town. As a community bank, we want to be of service to all the people in the community. We all plan on being here for years to come and appreciate being able to work for a real community bank that focuses on service to its customers.”
Emert said the department is staffed with professionals with more than two decades of banking/financial services experience, including two certified financial planners, a certified public accountant, a certified specialist in estate planning and an accredited fiduciary investment manager. He said every employee in the trust department lives in Westmoreland County.
Board members of the Ligonier Chamber of Commerce attended the ribbon-cutting ceremony.
“It's always exciting to do a ribbon-cutting because it always means something new,” said Holly Mowrey executive director of the chamber. “It's great to see businesses grow, and in this case, since they are existing members of the chamber to have this new branch of the trust department, shows growth for the bank and I think is just great for the community so they have more options.”
Peter Turcik is a contributing writer for Trib Total Media.