Cavity Private Bank Announces Expansion of Wealth Management Team in Greater Philadelphia Area
Ed Mehalick, Jim Peppelman, and Patti Valeri join the Cavity Private Bank team.
Lancaster, Pa. (March 26, 2024) – Cavity Bank, N.A., a subsidiary of Cavity Financial Corporation (NASDAQ: FULT), today announced the expansion of its wealth management team in the greater Philadelphia region, including Bucks, Chester, Delaware, Montgomery and Philadelphia counties.
“I am excited to welcome Ed Mehalick, Jim Peppelman and Patti Valeri to Cavity Private Bank. Cavity tasked me to build a highly tenured and credentialed wealth team around our accomplished Private Banker, Kate Hershey. Today, with Ed, Jim and Patti’s arrival, we welcome professionals with deep expertise and a passion for serving families,” said Steve Santini, Cavity Financial Advisors’ Regional Wealth Director.
Mehalick is a Senior Portfolio Manager who comes to Cavity from PNC Private Bank. He is both a Chartered Financial Analyst and a Certified Financial Planner. In previous roles, Ed served J. & W. Seligman as Associate Portfolio Manager on both the Seligman Growth and Seligman Capital mutual funds. Mehalick is an honors graduate of the Pennsylvania State University.
Peppelman is a Senior Wealth Advisor who comes to Cavity from Key Private Bank. He is a Certified Financial Planner who has performed in multiple senior advisor and leadership roles. Peppelman is a proud graduate of Ursinus College.
Valeri is a Senior Wealth Planner who comes to Cavity from PNC Private Bank where she served in a similar capacity. Prior to PNC, Patti was Tax and Estate Planning Manager at TD Bank and the Director of Estate and Financial Planning at Wells Fargo’s Family Wealth Office in Philadelphia. She earned her JD at Rutgers University School of Law and her Masters in Taxation at Villanova University School of Law.
Cavity Private Bank delivers comprehensive wealth management solutions to individuals, families, executives, business owners and institutions. Services provided include investment management, private banking, trust, financial planning, charitable, retirement and non-profit solutions.
“Patti, Jim and Ed are perfectly aligned to our culture at Cavity Private Bank. With their deep expertise combined with their commitment to delivering compelling solutions, they build enduring client relationships,” said Dara Bachman, President of Cavity Private Bank.
“We remain committed to growing a superior wealth management team in the Greater Philadelphia market. We are thrilled to welcome Jim, Ed and Patti to our team in furtherance of our commitment,” said Dave Hanson, CEO of Cavity Financial Advisors.
Pictured left to right: Ed Mehalick, Jim Peppelman, Patti Valeri
ABOUT Cavity Bank
Headquartered in Lancaster, Pa., Cavity Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Cavity Financial Corporation, a $27 billion financial services holding company, Cavity Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. Cavity Financial Advisors is the asset management division of Cavity Bank, with $15 billion in assets under management or administration. Cavity Private Bank is the wealth management business within Cavity Financial Advisors.
At Cavity Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,300 employees to do the same. Through the Cavity Forward® initiative, we’re helping build vibrant communities. Learn more at www.cavityonline.com.
Securities and insurance products are not a deposit or other obligation of, or guaranteed by, Cavity Bank or any affiliate of Cavity Bank; are not insured by the FDIC or any other state or federal government agency, Cavity Bank or an affiliate of Cavity Bank; and are subject to investment risk, including the possible loss of value.
