During the corresponding time, Meridian Corp recorded a revenue increase by 3.71 % year on year, sequentially revenue grew by 30.6 %. While revenue at the Meridian Corp's corporate clients
Meridian's Comment on Sales, Marketing and Customers
The company serves commercial and consumer customers within its market area through three main business lines: Commercial Banking, Wealth Management and Advisory Services, and other operations conducted via subsidiaries. The Commercial Banking segment provides services to commercial businesses including wholesalers, manufacturers, distributors, service providers, importers, and exporters. Its offerings include deposit and treasury management, commercial and industrial lending and leasing, commercial real estate lending, small business lending, consumer and home equity lending, private banking, merchant services, and title and land settlement services. The company supports local businesses by providing SBA 504 and 7(a) financing options through partnerships with local economic development councils. The commercial real estate division finances owner-occupied commercial real estate loans as well as land development and construction loans for residential and commercial projects. The company utilizes a consultative, technology-driven approach with alternative delivery channels such as mobile banking and remote deposit capture. Subsidiaries include Apex Realty, LLC; Meridian Equipment Finance, LLC; Meridian Land Settlement Services, LLC; and Meridian Wealth Partners, LLC.
Meridian’s Comment on Sales, Marketing and Customers
The company serves commercial and consumer customers within its market area through three main business lines: Commercial Banking, Wealth Management and Advisory Services, and other operations conducted via subsidiaries. The Commercial Banking segment provides services to commercial businesses including wholesalers, manufacturers, distributors, service providers, importers, and exporters. Its offerings include deposit and treasury management, commercial and industrial lending and leasing, commercial real estate lending, small business lending, consumer and home equity lending, private banking, merchant services, and title and land settlement services. The company supports local businesses by providing SBA 504 and 7(a) financing options through partnerships with local economic development councils. The commercial real estate division finances owner-occupied commercial real estate loans as well as land development and construction loans for residential and commercial projects. The company utilizes a consultative, technology-driven approach with alternative delivery channels such as mobile banking and remote deposit capture. Subsidiaries include Apex Realty, LLC; Meridian Equipment Finance, LLC; Meridian Land Settlement Services, LLC; and Meridian Wealth Partners, LLC.
Sources:
Meridian Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Meridian Corp’s corporate clients.
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