Somerset Trust is pleased to announce the completion of their merger with the First Bank of Lilly.
Published on October 01, 2019
Somerset Trust Company, headquartered in Somerset, PA, and the sole subsidiary of Somerset Trust Holding Company, is pleased to announce the completion of their merger with the First Bank of Lilly, located in Lilly Pennsylvania.
Somerset Trust Company CEO and Chairman G. Henry Cook stated, "We are excited to be expanding our footprint in Cambria County. We are impressed with the long-standing history and spirit of community commitment that First Bank of Lilly has established over its 113 years of business. We look forward to upholding this commitment to the community and preserving the tradition of local banking. We will be welcoming all the staff at First Bank of Lilly to our team and we know they will be an excellent addition to the Somerset Trust Company family."
Somerset Trust Company is an independent community bank headquartered in Somerset, Pennsylvania. G. Henry Cook is the bank’s CEO and Chairman of the Board. Thomas J. Cook, Esq. is the bank’s President. They are the fifth generation of their family to lead the bank, founded in 1889.
Over the last decade, Somerset Trust Company has broadened and strengthened its community bank franchise. While engaged in expansion activity within its geographic footprint, the bank has a firm commitment to the communities it serves and has effectively utilized technology to better serve customers.
James P. Leahey, President and CEO of First Bank of Lilly, and the fourth generation of his family to lead the Bank, said: "We’re pleased to be joining Somerset Trust Company, a bank we know and admire. We believe all of our constituencies – our community, our customers, our employees, and our stockholders - will benefit from this transaction." First Bank of Lilly, formerly The First National Bank of Lilly, operated at its original, current location since 1906.
Somerset Trust Company is a full service community bank with assets over $1.2 billion. Somerset Trust Company has been an independent, locally owned and managed institution since its establishment in 1889. It operates 38 offices, an extensive ATM network spanning six counties in Pennsylvania and Garrett County, Maryland and boasts an award-winning internet and mobile banking platform. With a team of over 400 employees, Somerset Trust Company is committed to understanding their customers, communities and one another in order to not only meet their customers’ banking needs, but to exceed their expectations every day.
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