Centric Financial (OTCMKTS:CFCX): Todd Ferrara was Appointed as Senior Vice President, Director of Cash Management

Shares of Centric Financial (OTCMKTS:CFCX) have been moving within a narrow range over the past weeks. Here are key takeaways.

Market Stats

On Tuesday, CFCX stock ended flat at $9.51 with more than 20K shares, compared to its average volume of 7K shares. The stock moved within a range of $9.51 – 9.51 after opening trading at $9.51.

About The Company

Centric Financial (OTCMKTS:CFCX) is one of the key players when it comes to organic loan growth. Headquartered in south-central Pennsylvania, the bank offers competitive and pro-growth financial services to businesses, professionals, individuals, and families. It’s Doctor Centric Bank Division caters to the health care and dental industries. Centric Financial Corporation is traded over the counter (OTC-Pink) with the ticker symbol CFCX.

Centric Bank Appoints Todd Ferrara to Senior Vice President, Director of Cash Management

Centric Bank has announced on June 14, 2022, about appointing Todd Ferrara to Senior Vice President, Director of Cash Management. His primary role will be to lead the Cash Management department, as stated by Patricia (Patti) A. Husic, President & CEO of Centric Bank and Centric Financial Corporation. His ability to bring cash management opportunities to fruition for customers is crucial for boosting growth and allowing customers to devote more of their valuable time to their business, instead of having to focus on banking.

Under the able leadership of Ferrara, the Cash Management team supports the seven financial centers and three loan production offices across Centric Bank’s market areas in central Pennsylvania and suburban Philadelphia. Prior to joining Centric Bank, he worked at Bryn Mawr Trust in the role of SVP Small Business and Cash Management Manager. He has a Bachelor of Science degree in marketing from Juniata College, Huntingdon, PA, and presently resides in Royersford, PA.

His duties include sales leadership, business development, product management, and ensuring a responsive customer experience for Centric’s cash management product suite. He reports to Christopher Bickel, Market Leader Main Line, and Commercial Revenue Officer. Other responsibilities of Ferrara include developing the growing cash management team and collaborating with commercial lenders and financial center teams to meet the banking requirements of customers and prospects. Lastly, he has to focus on building relationships with Centric customers by providing suitable solutions to their cash management needs.

Patricia Husic is delighted about Todd joining the Philadelphia team, and she is certain that his more than 25 years of banking experience will be invaluable to Centric Bank in the future. Ferrara is equally thrilled to lead the Cash Management team and become a part of the refreshing culture at Centric Bank.

Key Quote

“We are thrilled to have Todd join our growing Philadelphia team. He brings over 25 years of banking experience to Centric Bank and has a proven record of success,” says Husic.

Traders Corner

CFCX stock is trading below the 20-Day and 50-Day Moving averages of $9.44 and $9.63 respectively. Moreover, the stock is trading below the 200-Day moving average of $9.56.