The Bank of Princeton Adds Experienced Lending Professional to Sr. Staff; Carol Coles, Former Wells Fargo Executive, Is New Chief Credit Officer

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Dec 27, 2011, 03:12 ET

PRINCETON, N.J., Dec. 27, 2011 /PRNewswire/ -- Carol R. Coles, a veteran banking and lending professional with more than 30 years of industry experience, has joined The Bank of Princeton as Chief Credit Officer, according to Steven C. Ackmann, the Bank's President.

(Photo: http://photos.prnewswire.com/prnh/20111227/NY27713)

Coles most recently held the position of Senior Vice President/Senior Private Banker for Wells Fargo Bank and Wells Fargo Advisors in suburban Philadelphia. Before that she was Executive Vice President and Managing Director of Commercial Lending and Private Banking for Harleysville National Bank (now known as First Niagara), also in suburban Philadelphia.

She has held a number of other senior positions in the lending and credit area since 1979, including Senior Vice President and Business Banking Director of the former Summit Bank in Princeton.

Coles holds a BBA in management and an MBA in finance, both from Temple University, and also studied at the Stonier School of Banking at the University of Delaware. She currently resides in Lansdale, PA.

"Carol Coles' skills are a perfect fit for The Bank of Princeton at this time, and for where we want to take this bank in the future," said Ackmann.

"We are particularly proud of our ability to provide loans in the community, and we look forward to continuing to expand our loan portfolio. Carol Coles not only has the credit experience and acumen we need, but she also has the type of personalized service philosophy gained in the private banking arena that our customers have come to expect from The Bank of Princeton," he said.

The Bank of Princeton is a community bank founded in 2007, with assets of approximately $600 million. It was recently named one of New Jersey's 50 Fastest Growing Companies by NJBIZ. It is a New Jersey state-chartered commercial bank with seven branches in New Jersey, including two in Princeton and others in Hamilton, Pennington, Montgomery, Monroe Township and Lambertville, and three branches operating under the MoreBank name in the Philadelphia, PA area. The Bank of Princeton is a member of the FDIC.