First Savings recently announced the acquisition of the Papalia Financial Services Group, an asset management company specializing in financial planning for small to medium size businesses.
“We’re extremely excited about this association with the Papalia Group,” noted Fred Schea, President and CEO of First Savings. “The expansion of financial services for small and medium businesses throughout the markets we serve is consistent with our long term strategy for First Savings.”
Founded in 1994 by Mark Papalia, the newly acquired company serves commercial, business and individual accounts throughout Pennsylvania and the Mid-Atlantic region. Papalia will continue to lead his team of professionals in their present offices located in Danville and Valley Forge. In addition to investment planning and management, the company also has expertise in retirement plan administration, business succession and estate planning. The new division will be known as First Savings Financial Services and will join First Savings Insurance, First Savings Investment Group and First Savings Bank as part of the First Savings family of financial service providers.
“The commitment to customer service and customer trust exhibited by the Papalia Group make them an excellent complement to the First Savings Family,” added Schea. “The addition of First Savings Financial Services establishes First Savings as a top-choice financial services company for small and medium sized businesses providing a full range of commercial services.”