Longtime banker Bob Marino has resigned as a Citizens Financial Services board member and chief revenue officer to focus on his role as chairman of Fort Washington-based title insurance company Trusted Land Transfer, writes Jeff Blumenthal for the Philadelphia Business Journal.
Marino joined Citizens Financial just over two months ago as part of its $67 million acquisition of Doylestown-based HV Bancorp.
He will depart on September 5 and continue to serve as an advisor to the company. He is also still a major shareholder.
After leaving, Marino will take on the role of executive chairman of Trusted Land Transfer, where he sees a huge opportunity to grow into an East Coast and Mid-Atlantic powerhouse.
The local title insurance company doubled in size in June to roughly $2 million in annual revenue following the acquisition of Quakertown-based Plymouth Group. It expects to grow its annual revenue to $10 million within the next three years.
“Things are taking off like a rocket ship right now and I felt like there’s no way I can give 100 percent to both the bank and the title business,” Marino said.
Read more about Bob Marino in the Philadelphia Business Journal.
