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QNB Corp
QNB Corp

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
QNB Corp is a bank holding company headquartered in Quakertown, Pennsylvania. It was founded in 1877 as Quakertown National Bank, and has since expanded to include several subsidiaries and affiliate companies. QNB Corp primarily operates through its subsidiary, QNB Bank, which provides financial services such as personal and commercial banking, investment and trust services, and mortgage and insurance products.
QNB Corp is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol QNBC. As of December 2021, QNB Corp had total assets of $2.4 billion and employed over 300 people. The company has a network of 12 full-service branches and three loan production offices located in the Pennsylvania counties of Bucks, Montgomery, and Lehigh.
Among its subsidiaries and affiliates, QNB Corp also operates insurance agencies, investment management firms, and a retirement services company. QNB Corp has received numerous awards and recognitions for its financial performance and customer service, including being named one of the Best Community Banks in America by Forbes in 2021.
QNB Corp is committed to supporting the communities it serves through various charitable initiatives and sponsorships. In 2020, QNB Corp was designated as a Hometown Hero by Lehigh Valley Business Magazine for its philanthropic efforts and community involvement.
What is special about the company?
QNB Corp is a diversified financial services company that offers a comprehensive range of products and services to individuals and businesses. Some of the key features that make QNB Corp special include:
1. Largest independent bank in Pennsylvania: QNB Corp is the largest independent bank in Pennsylvania, with a strong presence in the Mid-Atlantic region. This has allowed the company to develop a deep understanding of the local market and cater to the needs of its customers effectively.
2. Strong financial stability: QNB Corp has a long history of financial stability and a strong balance sheet. The company has consistently performed well, even during challenging economic conditions, which has earned it a reputation for reliability and trustworthiness.
3. Diversified business model: QNB Corp has a diversified business model, with a range of financial products and services, including banking, wealth management, and insurance. This allows the company to serve a wide range of customers and generate multiple streams of revenue.
4. Customer-centric approach: QNB Corp is known for its customer-centric approach, with a strong focus on building long-term relationships with its clients. The company provides personalized solutions and exceptional customer service, which has helped it build a loyal customer base.
5. Commitment to community: QNB Corp is deeply committed to giving back to the community and supports various charitable causes and organizations. The company has a dedicated community service team that volunteers and organizes various community events to make a positive impact on the local community.
6. Advancements in technology: QNB Corp has embraced technology to enhance its products and services, making it easier for customers to manage their finances. The company offers online and mobile banking, as well as digital tools for budgeting and financial planning.
Overall, QNB Corp stands out for its strong financial performance, diverse offerings, customer-centric approach, commitment to community, and technological advancements. These factors make it a unique and reputable financial services company.
What the company's business model?
The QNB Corp company’s business model is primarily focused on providing a wide range of financial services to individuals, businesses, and organizations. This includes services such as personal and business banking, wealth management, lending, and insurance. The company generates revenue through interest and fees on its banking products, as well as through investment and insurance income. QNB Corp also operates through various subsidiaries and affiliates, including a trust company and a mortgage services division, allowing it to diversify its revenue streams and cater to different customer needs. The company’s overall goal is to be a reliable and profitable financial services provider for its customers, while also maintaining a strong commitment to community involvement and social responsibility.
Interesting facts about the company
1. QNB Corp is a financial institution located in Quakertown, Pennsylvania. It was founded in 1877 as Quakertown National Bank.
2. QNB Corp is a publicly traded company, listed on the NASDAQ exchange under the ticker symbol QNBC.
3. As of 2021, QNB Corp has over $1 billion in assets and operates 11 full-service banking offices in Bucks, Montgomery, and Lehigh counties.
4. QNB Corp offers a wide range of banking and financial services, including personal and business banking, lending, wealth management, and insurance.
5. QNB Corp has a strong commitment to its community and is involved in various philanthropic efforts, including supporting local charities and sponsoring community events.
6. In 2021, QNB Corp was recognized by Forbes as one of America’s Best Banks, ranking in the top 5% of banks in the nation.
7. QNB Corp is also dedicated to sustainability and has implemented various environmentally-friendly practices, such as using energy-efficient technology and reducing paper usage.
8. The company has received numerous awards and accolades, including being named the Best Bank in the Lehigh Valley by readers of Lehigh Valley Magazine for six consecutive years.
9. QNB Corp has a long history of growth and success, with its assets growing from $28 million in 1972 to over $1 billion in 2021.
10. QNB Corp is a member of the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender.
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