Applied Bank opens full-service branch in Rehoboth Beach

Applied Bank recently announced regulatory approval to officially operate its Rehoboth Beach location as a full-service branch, offering a full menu of deposit products in addition to the loan products presently provided.

Senior Vice President and Chief Lending Officer Carl Kruelle said, “For the past two years, the Coastal Highway location in Rehoboth Beach has been operating as a loan production office, establishing a number of loan relationships with businesses and real estate investors in the area. We are excited to now offer our full menu of deposit products to these customers as well as to others throughout the community.”

Senior Vice President John Schroeder added, “We look forward to extending our exemplary service to consumer and business deposit customers in the region. We are currently accepting new checking and savings accounts and offer special rates for safe deposit boxes. We welcome individuals to stop in and enjoy a free cup of coffee at our state-of-the-art branch and internet café.”

Applied Bank is the top-rated bank for financial strength in the state of Delaware, according to Weiss Ratings. The bank has consistently been within the top 10 rated financial institutions in the United States by both Weiss Ratings and Bauer Financial for the past four years. It has full-service branch locations in Wilmington, Newark and Rehoboth Beach.  Applied Bank’s mission is to provide exemplary customer service while providing safe, sound and secure banking for its customers.

For more information about Applied Bank go to http://www.appliedbank.com.