Coatesville Savings Bank management has announced a name change to Prosperity bank to reflect the bank’s growth and its expanded footprint to serve a larger community in Chester, Lancaster, Lebanon, Dauphin and Cumberland counties, according to a press release.

“As we introduce Prosper Bank to our existing and new markets with an unwavering drive to become the Most Beloved Bank, we are pleased to confirm that this change is only for the name and brand,” Janak M. Amin, President and CEO of Prosper. Bank, said in the statement. “Our Bank Prosper headquarters remains anchored in Coatesville, where it has been for over 100 years, and our commitment to supporting all of the existing communities we serve remains intact. Our new name is not the result of a merger or acquisition by another bank.

The transition began 11 months ago with a rigorous comparison between eight competitors in the local market, the statement said.

In addition to new signage and an investment in facilities for improved infrastructure, Prosper Bank offers new and updated amenities including free verification options for individuals, businesses, nonprofits. and municipalities. Customers will enjoy free identity theft protection and free access to ATMs worldwide with Prosper Rewards verification, online banking with bill payment, online account opening , notary services, coin counting for customers, instant issue debit cards, electronic statements, paper statements, mobile banking with mobile deposits and more, according to the release.

In addition, Prosper Bank is announcing a home equity line of credit with a new low introductory rate, the statement said.

The bank’s first branch expansion took place 43 years ago when the service was extended to New Holland, Lancaster County, the statement said, adding that Prosper Bank now serves customers online, on a mobile app. and in five branches in Coatesville, Georgetown / Christiana, New Holland. , Oxford and Quarryville.