Valley Green Bank to cut ribbon on new South Philly branch

Once a bank, again a bank: Community-minded Valley Green Bank has established a new home in South Philly.
Once a bank, again a bank: Community-minded Valley Green Bank has established a new home in South Philly.

This Friday, June 7, from 10:30 to 11 a.m., local community-based Valley Green Bank will hold a ribbon-cutting ceremony to celebrate the opening of its new branch at 1536 S. Broad Street in South Philly. The event will highlight the bank’s commitment to serving the local neighborhood while adding a bit of vibrancy to the corner of Broad and Tasker.

The unique building was actually originally a bank. But for a while now, the property has struggled to hold a tenant and numerous development ideas failed to pan out. The new branch is the third retail location for the bank, whose other branches are in Mt. Airy and Chestnut Hill. Valley Green also makes commercial loans from offices in Radnor and Center City.

For the ceremony, Mayor Michael Nutter will join Jay R. Goldsetin, president and CEO of Valley Green Bank, and others for the opening, marking the culmination of the bank investing over $1 million in the renovation of the existing structure, which was carried out by Metcalfe Architecture & Design. As a community-centric bank, VGB was adamant about keeping the character of the building intact, reverting it back to its original use as a bank and not tearing down the structure. More evidence of the bank’s commitment to the neighborhood: already, Valley Green Bank has lent over $20 million in the community before even opening.

Architect’s rendering from Metcalfe Architecture & Design