Beneficial Bank promoted Joseph Canosa to executive vice president, chief credit officer and appointed him to the executive management team.
Canosa will lead the bank’s credit risk management for commercial lending, consumer lending and residential mortgages.
“Joe has been a huge asset to our credit team since he joined us in 2014 as a senior credit officer. He’s contributed significantly to growing and managing our lending activities while insuring a risk profile for Beneficial that makes both business and common sense,” said Gerry Cuddy, president and CEO of Beneficial. “Our success is premised on teamwork and communication, and these are the hallmarks of Joe’s management style.”
Canosa has more than 30 years of banking experience. Prior to his time at Beneficial, he worked as a senior credit officer at Sun National Bank.
Founded in 1853, Beneficial Bank is the oldest and largest bank headquartered in Philadelphia, with more than 60 offices in the greater Philadelphia and South Jersey regions and approximately $5.9 billion in assets.