On March 2, 2017, Meridian Bank announced it had agreed to acquire HJ Wealth Management.
Following the acquisition, HJ Wealth Management LLC (“HJ Wealth Management”) will join Meridian Bank’s existing wealth advisory group to form Meridian Wealth Partners, LLC. Meridian Wealth Partners, LLC will be a wholly-owned subsidiary of Meridian Bank. Following the acquisition, the new subsidiary will have approximately $700 million in assets under management. The acquisition is expected to close on April 1, 2017.
HJ Wealth Management was founded in 2000 and provides financial planning and investment advice. Meridian Bank is headquartered in Malvern, PA. Meridian Bank offers commercial and consumer banking services in the Pennsylvania, New Jersey and Delaware areas.
To read the press release: please click here.