Raymond H. Melcher, Jr. Named Advisor to Public Savings Bank Board

HUNTINGDON VALLEY, Pa., Oct. 5 /PRNewswire/ -- Due to major expansion planned to accommodate the growing payment solutions and plastics products lines, Public Savings Bank has appointed Raymond H. Melcher, Jr., Managing Principal of Marathon Business Group, as a Special Advisor to the Board.  

"Public Savings has experienced unprecedented growth over the last several years, and we are planning to grow our capital base to continue our growth trajectory," said Jack Miller, CEO of Public Savings Bank.  

"Ray's experience, particularly his success growing and diversifying Leesport Financial Corp, is tremendous. His lifetime record of achievement and success in banking is what we need. He has successfully assisted other companies in developing and executing capital campaigns," Miller continued. "We look forward to working with Mr. Melcher as we launch our own capital campaign."

Mr. Melcher is the Managing Principal and co-founder of Marathon Business Group, LLC, as well as the Chairman, majority owner and co-founder of Family Mobility, LLC, trading as Mobility Express. He holds the 2004 Distinguished Alumni award of Alvernia College and received numerous other business and community awards.  

Mr. Melcher has an MBA from St. Joseph's University, a Bachelor of Arts in Banking and Finance from Alvernia College and a Bachelor of Arts in Economics from Kutztown University.  

About Public Savings Bank

Internet-based Public Savings Bank (PSB) was founded in 1928 and was purchased by the current management group in 2006. Our corporate office is located in Huntingdon Valley, Pennsylvania, just outside of Philadelphia.

We believe in giving businesses and consumers fast, easy, and convenient ways to manage their money and their credit. We operate depository services on a national basis through leading technology. Our job is to bring the bank to you, our customer. We also offer a Secured Credit Card product for customers focused on building their credit responsibly.

For more information about Public Savings Bank, please call 888-8PUBLIC (888-878-2542) or visit http://www.PublicSavings.com.

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SOURCE Public Savings Bank