July 2019 - Aug 2019
Our services include:

- Real estate site selection for financial institutions

- Disposition of vacant branches and underperforming assets

- Sale-leaseback of bank-owned real estate

- Purchase or sale of real estate for family trusts

- Sale of income-producing properties 

Compiled for your information by:
 
Edward Ginn, 484.417.2201,  eginn@equityretailbrokers.com 
David Goodman, 484.417.2219,  dgoodman@equityretailbrokers.com
David Laiter, 484.482.2550,  dlaiter@equityretailbrokers.com
Stock Summary (Alphabetical)
Company
Symbol
Close of Business 12/31/2018
Close of Business 08/30/2019
% Change From 12/31/2018 to 08/30/2019
52-Wk High -As of Close of Business 08/30/2019
52-Wk Low -As of Close of Business 08/30/2019
Price/Book As of Close of Business 08/30/2019
Dow Jones Industrial Average
^DJI
23,327.46
26,403.28
13.19%
     27,398.68
      21,712.53
-
NASDAQ Composite
^IXIC
6,635.28
7,962.88
20.01%
        8,339.64
        6,190.17
-
S&P 500
^GSPC
2,506.85
2,926.46
16.74%
       3,027.98
        2,346.58
-
Financial Select Sector SPDR ETF
XLF
23.82
26.9
12.93%
             29.07
             22.05
-
1st Colonial Bancorp Inc.
FCOB
$12.30
$10.18
-17.24%
$13.00
$10.18
1.04
Banco Santander, S.A.
SAN
$4.48
$3.75
-16.29%
$5.43
$3.73
0.55
Bank of America Corporation
BAC
$24.64
$27.51
11.65%
$31.37
$22.66
1.04
BB&T Corporation
BBT
$43.32
$47.65
10.00%
$52.58
$40.68
1.27
Bryn Mawr Bank Corp.
BMTC
$34.40
$34.10
-0.87%
$49.05
$32.84
1.16
Citigroup Inc.
C
$52.06
$64.35
23.61%
$75.24
$48.42
0.81
DNB Financial Corp.
DNBF
$27.00
$41.16
52.44%
$46.86
$25.84
1.51
First Bank
FRBA
$11.89
$10.56
-11.19%
$14.50
$10.29
0.98
Fulton Financial Corporation
FULT
$15.48
$15.95
3.04%
$18.35
$14.38
1.15
Harleysville Savings Financial Corporation
HARL
$23.30
$23.20
-0.43%
$27.00
$22.80
1.16
Investors Bancorp Inc.
ISBC
$10.40
$11.10
6.73%
$13.04
$9.94
1.01
JPMorgan Chase & Co.
JPM
$97.62
$109.86
12.54%
$119.24
$91.11
1.49
M&T Bank Corporation
MTB
$143.13
$146.21
2.15%
$180.77
$133.78
1.36
Malvern Bancorp, Inc.
MLVF
$19.73
$21.15
7.20%
$25.65
$18.03
1.16
OceanFirst Financial Corp.
OCFC
$22.51
$21.02
-6.62%
$29.53
$20.46
0.94
Parke Bancorp Inc.
PKBK
$18.72
$22.77
21.63%
$24.45
$16.71
1.49
Prudential Bancorp, Inc.
PBIP
$17.60
$16.18
-8.07%
$19.57
$13.92
1.07
QNB Corp.
QNBC
$38.50
$36.32
-5.66%
$46.80
$36.07
1.10
Quaint Oak Bancorp Inc
QNTO
$11.82
$12.78
8.12%
$14.00
$11.82
1.00
Republic First Bancorp Inc.
FRBK
$5.97
$4.05
-32.24%
$7.85
$3.86
0.95
The Bancorp Inc.
TBBK
$7.96
$9.13
14.70%
$10.87
$7.64
1.13
The PNC Financial Services Group, Inc.
PNC
$116.91
$128.93
10.28%
$145.30
$108.45
1.27
The Royal Bank of Scotland Group plc
RBS
$5.59
$4.53
-18.96%
$7.31
$4.33
0.43
The Toronto-Dominion Bank
TD
$49.72
$54.19
8.99%
$62.00
$47.73
1.78
Tompkins Financial Corporation
TMP
$75.01
$78.82
5.08%
$88.00
$69.02
1.81
Univest Corporation of Pennsylvania
UVSP
$21.57
$25.31
17.34%
$28.85
$20.18
1.14
Wells Fargo & Company
WFC
$46.08
$46.57
1.06%
$59.20
$43.02
1.16
WSFS Financial Corp.
WSFS
$37.91
$41.22
8.73%
$50.03
$33.75
1.19
Debt Credit Ratings
Long-term Debt Credit Ratings
Bank
S&P
Moody's
Bank of America
A+
A2
BB&T
A-
A2
BMO Harris Bank
A+
Baa1
CapitalOne Bank
BBB+
Baa1
Citi Bank
A+
Aa3
Citizens Bank
A-
Baa1
Chase Bank
A+
Aa2
Fulton Financial
-----
Baa1
Investors Bank
BBB-
-----
KeyBank
A-
A3
M&T Bank
A-
A3
PNC Bank
A
A2
Santander Bank
A-
A2
SunTrust
A-
Baa1
TD Bank
AA-
Aa1
Wells Fargo
A+
Aa2
Financial Articles (By Company)
Date Posted
Reference/Company
Article
Source
8/21/19
Bank of America
Pittsburgh Business Times
8/26/19
Beneficial Bank / WSFS Bank
Philadelphia Business Journal
8/7/19
Fulton Bank
Philadelphia Business Journal
8/5/19
Hyperion Bank
Philadelphia Business Journal
8/21/19
JPMorgan Chase & Co.
Yahoo Finance
8/22/19
M&T Bank
Philadelphia Business Journal
8/8/19
M&T Bank
Philadelphia Business Journal
8/8/19
Metro Bank
The Philadelphia Inquirer
8/13/19
OceanFirst Bank
Philadelphia Business Journal
8/9/19
OceanFirst Bank
Philadelphia Business Journal
8/15/19
PNC Financial Services Group
Pittsburgh Business Times
8/26/19
Quaint Oak Bank
Philadelphia Business Journal
8/20/19
Santander Bank
The Philadelphia Inquirer
8/16/19
Wells Fargo
Philadelphia Business Journal
8/30/19
Wilmington Trust
The Philadelphia Inquirer
8/26/19
WSFS Bank
The Philadelphia Inquirer
Financial Articles (General)
Date Posted
Reference/Company
Article
Source
8/21/19
General
Philadelphia Business Journal
8/20/19
General
The Philadelphia Inquirer
8/14/19
General
Philadelphia Business Journal
Interest Rate Summary
Equity Retail Brokers - Capital Markets Review - Leading Rates
 
 
 
 
 
 
US Treasuries
Current
1 Month Prior
3 Month Prior
6 Month Prior
1 Year Prior
3 Month Treasury
1.98
2.06
2.34
2.43
2.09
6 Month Treasury
1.87
2.07
2.34
2.50
2.26
1 Year Treasury
1.76
1.99
2.20
2.54
2.45
2-Year
1.50
1.86
1.92
2.53
2.63
5-Year
1.39
1.82
1.91
2.54
2.74
10-Year
1.50
2.01
2.38
2.74
2.86
30-Year
1.96
2.52
2.57
3.10
3.02
 
Key Rates
Current
1 Month Prior
3 Month Prior
6 Month Prior
1 Year Prior
Fed Funds Rate
2.12
2.40
2.39
2.40
1.92
Federal Reserve Target
2.25
2.25
2.50
2.50
2.00
Prime Rate
5.25
5.50
5.50
5.50
5.00
 
Muni Bonds - Yields
Current
1 Month Prior
3 Month Prior
6 Month Prior
1 Year Prior
1-Year
1.00
1.09
1.40
1.59
1.60
2-Year
1.01
1.11
1.41
1.61
1.71
5-Year
1.01
1.17
1.44
1.71
2.03
10-Year
1.27
1.54
1.66
2.14
2.47
30-Year
1.97
2.35
2.40
3.06
3.08
 
Libor
Current
1 Month Prior
3 Month Prior
6 Month Prior
1 Year Prior
1-Month Libor
2.12
2.23
2.43
2.49
2.07
3-Month Libor
2.12
2.25
2.52
2.63
2.31
6-Month Libor
2.04
2.19
2.54
2.69
2.53
1-Year Libor
1.95
2.19
2.60
2.88
2.83
Banks for Sale
Below is a list of some single tenant net lease bank investment properties that are currently for sale in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, West Virginia, and Washington D.C. This list of available Investment Properties is intended for the use and benefit of Equity Retail Brokers current and prospective commercial real estate investment clients. The list is compiled for our clients to give them an understanding of current pricing of Net Lease bank properties in the region. The information has been gathered from a variety of sources. Some of these properties are listed by Equity Retail Brokers, while others are listed by other brokers or are being directly marketed by the owner.  However they are listed, we at Equity Retail Brokers, either as a dual or a buyer's agent, can represent our client's interest in obtaining information and negotiating the purchase of any of the properties.

Bank
City
State
Asking Price
Cap Rate
Lease (Years Left)
Lease Type
Lease Increases
2018 Deposits
Investors Bank
Avenel
NJ
$3,100,000
4.00%
10
Ground
N/A
$70,791,000
Bank of America
Parsippany
NJ
$8,125,000
4.00%
12
NNN
12% every
5 years
$76,595,000
Citizens Bank
Pittsburgh
PA
$5,000,000
4.00%
10
NNN
10% every
5 years
New Branch
TD Bank
Great Falls
VA
$9,059,000
4.25%
17.3
Ground
10% every
5 years
$25,629,000
Chase Bank
Kensington
MD
$6,470,000
4.25%
15
NNN
10% every
5 years
New Branch
Bank of America
Alexandria
VA
$4,740,000
4.75%
15
NNN
12% every
5 years
New Branch
Wells Fargo
Blackwood
NJ
$7,600,520
5.00%
9
Ground
13.5% every 5 years
$78,107,000
TD Bank
Chatham
NJ
$4,390,000
5.00%
5
NNN
10% annually
$267,659,000
Old Line Bank
Greenbelt
MD
$2,777,260
5.00%
Unknown
NNN
Unknown
$51,562,000
Wells Fargo
Bayville
NJ
$4,848,000
5.10%
10
Ground
10% every
5 years
$120,319,000
PNC Bank
Bowie
MD
$4,100,000
5.48%
9
Ground
N/A
$52,998,000
Embassy Bank
Bethlehem
PA
$3,485,382
5.50%
5.5
NNN
1.5% annually
$96,853,000
Bank of America
Cranford
NJ
$5,280,000
5.50%
10
Ground
10% every
5 years
$38,826,000
Santander Bank
Shillington
PA
$1,390,909
5.50%
5.75
NNN
N/A
$79,509,000
BB&T Bank
Vineland
NJ
$1,020,000
5.50%
9
NNN
2% annually
$69,000,000
SunTrust
Virginia Beach
VA
$2,828,829
5.55%
9.3
NNN
10% in year 6
$72,336,000
PNC Bank
Baltimore
MD
$2,315,700
5.70%
Unknown
NNN
Unknown
$25,082,000
SunTrust
Stafford
VA
$4,083,556
5.70%
8.5
NNN
1.5% annually
$60,192,000
BB&T Bank
Atco
NJ
$1,661,000
5.75%
9
NNN
2% annually
$84,067,000
SunTrust
Fredericksburg
VA
$2,765,619
5.75%
9
Ground
10% in March, 2023
$88,915,000
SunTrust
Manakin-Sabot
VA
$3,065,000
5.75%
Unknown
NNN
3% annually
$49,709,000
BB&T Bank
Richwood
NJ
$1,867,000
5.75%
9
NNN
2% annually
$37,316,000
PNC Bank
Pittsburgh
PA
$2,575,000
5.87%
9
Ground
10% every
5 years
$136,419,000
Bank of America
Fair Lawn
NJ
$7,058,333
6.00%
5.2
Ground
10% every
5 years
$79,374,000
TD Bank
Forked River
NJ
$6,439,200
6.00%
4.9
Ground
12% every
5 years
$187,000,000
KeyBank
Frazer
PA
$1,612,957
6.00%
6.7
NNN
Unknown
$38,895,000
BB&T Bank
Lawnside
NJ
$1,566,000
6.00%
9
NNN
2% annually
$21,866,000
Bank of America
Pennsauken
NJ
$2,508,330
6.00%
5
NNN
Unknown
$89,000,000
M&T Bank
Sinking Spring
PA
$1,750,000
6.00%
5
NNN
N/A
$170,646,000
Fulton Bank
Virginia Beach
VA
$2,371,600
6.25%
8.5
Ground
10% every
5 years
$21,130,000
TD Bank
Clinton
MD
$5,956,923
6.50%
8
Ground
10% every
5 years
$48,441,000
SunTrust
Manassas
VA
$7,446,154
6.50%
9
Ground
10% every
5 years
$35,921,000
BB&T Bank
Nottingham
MD
$3,183,000
6.50%
9
NNN
10% every
5 years
$69,407,000
SunTrust
South Boston
VA
$1,832,492
6.50%
10
NNN
1.5% annually
$60,028,000
BB&T Bank
Quakertown
PA
$2,685,000
6.76%
4
Ground
N/A
$36,770,000
PNC Bank
Woodbridge
VA
$7,666,667
6.90%
10
Ground
15% every
5 years
$29,739,000
Citizens Bank
Munhall
PA
$447,628
7.25%
3.2
NNN
1% annually
$0
First National Bank of PA
Erie
PA
$650,000
7.36%
4.8
NNN
N/A
$36,703,000
Citizens Bank
Grove City
PA
$922,254
7.75%
3.3
NNN
1% annually
$44,563,000
BB&T Bank
Lancaster
PA
$1,475,000
7.91%
3
NNN
1.5% annually
$40,857,000
Citizens Bank
West Grove
PA
$971,888
8.00%
4
NNN
1% annually
$57,552,000
Citizens Bank
Grove City
PA
$420,753
10.75%
3.2
NNN
1% annually
$0
Repositioning Vacant Banks  


Address:  224 W. Broad St, Quakertown, PA 18951
Estimated Building Size: +/- 2,480
Previous Tenant: First Niagara Bank
Branch Closed: 1/16/2015
New Tenant: Dunkin'
Open Date: 10/1/2016
For more information about this transaction, contact:
David Laiter
610.645.7700 x150
dlaiter@equityretailbrokers.com

Equity Retail Brokers Property Listings
Visit our website to see a complete list of our properties currently available.  


For a sample list of NNN bank properties for sale across the U.S., please call or email:
 
Edward Ginn 
610.645.7700 x101 
If you would like to learn more about the real estate services we provide, please contact:
 
Edward Ginn | President
Direct: 484.417.2201
Main:  610.645.7700

David Goodman | Principal 
Direct: 484.417.2219 
Main:  610.645.7700 
   
Member:



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