Banking Exchange Magazine Logo

CNB to Launch Women-Centric Banking Unit

Impressia Bank will launch in the new year offering financial services and business resources for women business owners and leaders

  • |
  • Written by  Banking Exchange staff
CNB to Launch Women-Centric Banking Unit

Pennsylvania-based CNB Bank plans to open a new unit next year focused on providing financial services to women business owners and leaders.

The new unit, Impressia Bank, will provide traditional business banking services but also offer advice and resources to support female entrepreneurs to grow and develop their businesses, CNB said in a statement.

Angela Wilcoxson, chief commercial banking officer at CNB Bank, said: “This is a perfect opportunity to deepen relationships and support the already high, yet growing, number of women-owned businesses.

“A prioritization of women-owned businesses would complement other divisional growth activities and allow the Bank to provide even better banking options for more businesses in our communities.”

The bank has already begun searching for a division president to lead the initial development of Impressia Bank.

CNB Bank’s president and CEO Michael Peduzzi emphasized his company was “looking to move beyond the scope of offering traditional banking services” to create a financial and business support network.

“We recognize that access to capital remains the largest barrier to market entry and success for female founders and women-owned businesses,” he added. “Impressia Bank will strive to propose solutions pertaining to credit access, financial literacy, and business development to promote and encourage the small business spirit and career development of women.”

The plan follows the launch earlier this year of Agility Bank, based in Texas, which became the first new minority depository institution in 15 years when it received regulatory approval in May.

Research from Morningstar published in October found US banks were, overall, falling short on diversity metrics and supporting women in senior roles.

Just one of the 28 banks Morningstar surveyed had a female CEO: Citigroup’s Jane Fraser, who was appointed in March last year. In addition, only four banks — American Express, Bank of Hawaii, Comerica, and Fulton Financial Group — had women in 40% or more of executive roles.

back to top


About Us

Connect With Us



Navigating Fraud in the World of Instant Payments:
Strategies for Success

Time/Date: February 28, 2:00-3:00 ET

As payment technology advances, so does the need for effective fraud prevention strategies.

Join experts Mike Cook, VP of Commercialization, Fraud Solutions at Socure, and Mark Majeske, SVP of Faster Payments at Alacriti, in this Banking Exchange hosted webinar on February 28, 2:00-3:00 ET, as they discuss the current and future state of fraud in the instant payments landscape, and share strategies for protecting your business in the face of evolving fraud trends.

Key topics to be covered include:


This webinar is brought to you by:
Alacriti logo