Centric Financial Corporation, the parent company of Centric Bank, has appointed William T. McGrath as executive vice president, chief credit officer at Centric Bank, announced Patricia A. Husic, president and CEO. McGrath is responsible for supervising all credit-related areas of the company, including the policies and procedures related to underwriting and credit administration, as well as measuring and managing aggregate risk in the bank’s loan portfolio.
A change manager, McGrath boasts a 35-year career in banking, most recently serving as senior vice president, chief credit & risk officer for DNB First, N.A., a $1.2 billion community bank. His accomplishments include creating underwriting processes for commercial loans, restructuring and hiring risk teams, overhauling credit policy, creating efficient credit processes, portfolio reporting, and establishing audit and regulatory procedures.
McGrath holds a graduate degree in banking from Stonier Graduate School of Banking, University of Delaware, Newark, DE, and a B.S. from Villanova University, Villanova, PA. Passionate about youth athletics and caring for our communities’ elderly, he has served as a board member and treasurer for West Chester Area Senior Center for the past eight years, was chairman of the Magellan Leadership Group of Radnor, and served as regional commissioner for CYO Girls Basketball in Chester County.
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