Burlington County's Shinn Assumes New Role at First Federal
First Federal of Bucks County, a federally chartered mutual savings bank serving businesses and individuals in Bucks County, as well as Philadelphia, Montgomery, Chester, and Delaware counties, announced today that Karen D. Shinn, senior vice president – deposit operations and information technology, will now report directly to the new president and CEO Jeane Coyle and will assume new responsibilities.
Coyle, the bank’s first female leader, announced the promotion as part of her restructuring plan.
Shinn, of Burlington County, NJ, joined First Federal of Bucks County in January 2007 as vice president of deposit operations. After graduating from the Harris School of Business in Cherry Hill, N.J., Shinn started her banking career at Farmers and Mechanics Bank and held a variety of positions during her 30-year tenure there. With 36 years of banking experience, Shinn specializes in developing internal back-office operational processes, information technology advancements, vendor management and system conversions.
“Electronic banking and information technology are of growing importance to First Federal, both from an opportunity and a risk perspective,” said Coyle. “It is critical that Karen be part of the direct CEO team as our bank moves into the future.”
Coyle is positioning the bank to continue to provide convenience and value for the bank’s business and individual customers, to maintain profitability for long-term growth and sustainability as a local bank and employer, and to give back to the community.
About First Federal of Bucks County
Founded in 1885, First Federal of Bucks County, with $679 million in assets, operates 11 offices throughout Bucks County. Because it is a Federally Chartered Mutual Savings Association, the bank is not publicly traded and is “owned” by the Association’s customers. The mission of First Federal is to serve businesses and individuals in Bucks County and the surrounding counties – and to be an integral part of the community.
