TREVOSE, Pa., and WEXFORD, Pa. (1/12/16)--Member Business Financial Services (MBFS) and Keystone Business Lending Solutions (KBLS) have combined their operations into a single member-business loan credit union service organization.
The new entity will take the MBFS name and maintain the operations of both MBFS’ Trevose, Pa., and KBLS’ Wexford, Pa., locations.
Mark Ritter, MBFS CEO, will serve as CEO of the continuing organization. Wayne Grinnik, CEO of KBLS, will become president and assist in the transition until his retirement in March. MBFS has committed to retaining the KBLS offices and staff members.
As part of the consolidation, Erie (Pa.) FCU has joined MBFS as a Class A owner. Additional KBLS credit unions may join the MBFS ownership structure in the near future.