Firstrust Bank announced today that President Timothy J. Abell has joined its board of directors. As a member of the board, Abell will continue to provide invaluable insights to help shape the strategic direction of Firstrust for many years to come.

"In his 12 years with Firstrust, Tim’s leadership has been stellar. His background, experience and customer focus have supplemented and strengthened Firstrust’s values and vision, and we welcome him as our newest board member," said Richard J. Green, Board Chairman and Chief Executive Officer. "From the beginning, Tim has always felt like a member of the Firstrust family. Naming him as a director recognizes his contributions and the value he brings to our organization, and allows Firstrust – and its customers – to continue to benefit from his wisdom in the future." 

Abell joined the bank in 2004 and brought his 30 years of experience as a commercial lending and banking executive to the Firstrust team. Tim helped businesses and entrepreneurs in the Philadelphia region secure business financing for growth or acquisitions throughout his entire career to that point – a perfect match for the commercially-focused and growing Firstrust.  

In 2007, Abell was the first non-family member named President of Firstrust Bank – a role in which he is responsible for overseeing all operational aspects of Firstrust, including all lending teams and subsidiaries. Over the years, he has played a pivotal role in Firstrust’s continued growth as a full service bank focused on cultivating prosperity for its customers, employees and communities. 

“I am honored to be appointed to the board of directors and to join a talented group of individuals, all of whom I deeply admire on a professional and personal level,” said Abell. “Throughout my time at Firstrust, I have always felt grateful to work for – and contribute to the success of – an organization that lives its mission every day and that operates with integrity in all matters and with a focus on the customer. I look forward to continuing my contributions to our future success as member of the board in addition to my operating role.”

Abell is a graduate of the Indiana University of Pennsylvania and holds an M.B.A. from Drexel University. He is currently a Board Member of the Greater Philadelphia Chamber of Commerce, Holy Redeemer Hospital, and LaSalle Academy. Abell previously served as Chairperson of the 2011 American Heart Association Heart Walk Philadelphia and as President of the Philadelphia Chapter of the Risk Management Association and the United Cerebral Palsy Association of Philadelphia.