Meet Our Team

Valley Green Bank Board of Directors

Algot F. Thorell, Jr., Chairman

Mr. Thorell is a founder of the Bank and serves as its Chairman of the Board of Directors. Mr. Thorell recently retired as a principal of Lincoln Benefits Group, an advisory and benefits consulting company. Mr. Thorell has over 25 years of banking experience. From 2000 to 2003 he served as Chief Executive Officer and Director of Panasia Bank, N.A. He retired from Panasia when it was sold to Woori Bank in 2003. At the time of the sale, Panasia had $220 million in assets and 7 branches in three states. For the ten years prior to his position with Panasia, he held various positions with National Penn Bancshares, Inc. (“National Penn”), including Director of National Penn Bank, a subsidiary of National Penn (“NPB”), President of the Chestnut Hill National Bank, a division of National Penn, and Executive Vice President of National Penn. As part of senior management of National Penn, he participated in committees related to strategic planning, lending, asset liability management and expansion. At the time of his retirement, National Penn was a leading community bank in the Delaware Valley with $3 billion in assets and over 60 branches in Pennsylvania. In 1985, he was an organizer, Director and founding Chairman of Chestnut Hill National Bank (“CHNB”), a community bank operating in northwest Philadelphia. He became the Chief Executive Officer of CHNB and negotiated the sale of that bank to National Penn in 1993. Mr. Thorell has been an officer, director or trustee of many non-profit corporate boards providing community development or social services to individual neighborhoods in northwest Philadelphia. He served as the Executive Director of the Chestnut Hill Business Association. In addition, he is the past President and serves on the board of the Philadelphia Cricket Club.

Jay R. Goldstein, Chief Executive Officer, President and Director

Mr. Goldstein is a founder of the Bank, serves as its President and Chief Executive Officer and is a member of the Board of Directors. Mr. Goldstein was formerly a partner in the law firm of Kleinbard, Bell & Brecker LLP, concentrating in mergers and acquisitions, public and private finance, and real estate with particular expertise in emerging businesses and economic development. Mr. Goldstein was appointed by Philadelphia’s Mayor Michael Nutter as Vice Chairman of the Delaware River Waterfront Corporation. Mayor Nutter also appointed Mr. Goldstein to co-chair the personnel committee of his transition team where he was responsible for hiring the Mayor’s cabinet and senior personnel. Mr. Goldstein also served as the treasurer of then Councilman Nutter’s campaign committee from 1993-2006. In addition, Mr. Goldstein has been active in the local community. He has served as President of the Board of Directors of Mt. Airy USA, a community development corporation, a board member of the Mt. Airy Business Improvement District and the Treasurer of Mastery Charter Foundation, a non-profit corporation focused on funding for Philadelphia’s Mastery Charter Schools. Mr. Goldstein is a 1987 graduate of the American University, Washington College of Law, where he received the school’s Outstanding Graduate Award and was editor-in-chief of the American University Journal of International Law. Mr. Goldstein received his undergraduate degree with honors in 1984 from the State University of New York at Binghamton, where he was chosen commencement speaker.

Robert J. Marino, President, Delaware Valley Region and Director

Mr. Marino serves as President of the Delaware Valley Region of the Bank and is a member of the Board of Directors. Mr. Marino was formerly the President of National Penn Bank’s Southern Region, which operates in Philadelphia, Montgomery, Delaware and Chester Counties. Mr. Marino started his banking career at Meridian Bank in 1983. He then joined National Penn Bank in 1995 where he was the Director of Cash Management and Government Banking Groups, and Director of Corporate Market Management. In addition to his professional activities Mr. Marino has been active in the local community. He served on the Board of Directors of Adoptions from the Heart and Need In Deed. Mr. Marino graduated from Central High in Philadelphia and received his undergraduate degree from Temple University, Philadelphia. He received his MBA from St. Joseph’s University, Philadelphia in 1999.

Robert Elfant

Mr. Elfant is a founder of the Bank and currently serves on its Board of Directors. Mr. Elfant is President of Elfant Wissahickon Realtors, a real estate brokerage firm with sales offices in Chestnut Hill and Center City Philadelphia. Elfant Wissahickon Realtors has a staff of seventy-five sales agents and employees and had sales volume of $240 million in 2013. Elfant Wissahickon has recently added their own title services to their operation. Mr. Elfant is also the President and majority shareholder of Martin Elfant Inc., a property management company located in Mt. Airy. Martin Elfant Inc. leases rental properties in northwest Philadelphia and manages approximately 500 apartment units. Martin Elfant Inc. is the principal shareholder of Direct Mortgage Loan Company, which originates and services loans to business operators in the Philadelphia area. Mr. Elfant is also the general partner and principal equity holder of Philcard Properties, L.P., which owns 200 residential and commercial units in northwest Philadelphia. Mr. Elfant is actively involved in the community, previously serving on the Boards of East Mt. Airy Neighbors Association, Mt. Airy USA, a community development corporation, and the Mt. Airy Business Improvement District. He currently serves on the Board of the Arden Theatre. Mr. Elfant graduated from the University of Pennsylvania’s Wharton School with a Bachelor of Science in Economics in 1973.

Phoebe A. Haddon

Ms. Haddon is a founder of the Bank and currently serves on its Board of Directors. She is a respected scholar and professor of law. In July 2014, Ms Haddon became chancellor of the Camden Campus of Rutgers University. Prior to her current position, she was the Dean of the University of Maryland School of Law. Before assuming that position, Ms. Haddon was a professor at Temple University James E. Beasley School of Law. In 2012 and 2013 she was voted one of the 25 most influential people in legal education in a poll conducted by The National Jurist. She has also served in local and state government relating to housing and community and economic development, including her roles as Deputy Executive Director of the Redevelopment Authority of the City of Philadelphia and President of the Philadelphia Development Mortgage Assistance Corporation. From 2007 to 2009, Ms. Haddon served on the Ethics Commission for the City of Philadelphia. Ms. Haddon has also served on the board of the William Penn Foundation and currently is a trustee of the Samuel S. Fels Fund. From 1991 to 1999, Ms. Haddon was Chair of the Philadelphia Reinvestment Fund, a collaborative venture that provides loans, equity investments and grants for affordable housing, small business, commercial real estate and other related products. Since 2000 she has been on the Board of Directors of Philadelphia Contributionship, the oldest insurance company in the United States. Ms. Haddon received her law degree cum laude from Duquesne University School of Law in 1977, where she was editor-in-chief of the Law Review and received her L.L.M. degree from Yale University in 1985. Ms. Haddon graduated from Smith College with honors in 1972.

Richard Hayden

Mr. Hayden serves on the Board of Directors of the Bank. He is a partner in the law firm of Saul Ewing LLP and a principal of State Street Advisors, a consulting firm that provides non-legal counseling relating to government relations, lobbying services and business solutions. Mr. Hayden served as a Senior Advisor to Michael Nutter’s campaign for Mayor of Philadelphia and was Counsel to Mayor Nutter’s Transition Committee. From 1986 to 1992, he was a member of the Pennsylvania House of Representatives distinguishing himself as a leader in conservation and environmental matters. Mr. Hayden was Governor Ed Rendell’s appointee to the Delaware Valley Regional Planning Commission and is on the board of the Pennsylvania Environmental Council. Mr. Hayden is a graduate of Villanova University Law School and received his undergraduate degree from Boston College.

Philip D.W. Krey

Dr. Krey is a founder of the Bank and serves on its Board of Directors. Dr. Krey is the President of the Lutheran Theological Seminary of Philadelphia. The 15 acre Seminary campus offers advanced degree programs in theological studies and its 19 full-time faculty serves over 350 students. Dr. Krey joined the Seminary faculty in 1990. In 1997 he was appointed the school’s Dean and assumed the Presidency in 1999. Both during and prior to his term at the Seminary, Dr. Krey served as pastor of several Lutheran churches in the Philadelphia and Baltimore area. Dr. Krey was a Fulbright Fellow at the University of Munich. He received his Ph.D. from the University of Chicago in 1990, his M.A. from Catholic University in 1985, his Masters of Divinity from the Lutheran Theological Seminary at Gettysburg in 1976 and his Bachelor of Arts from the University of Massachusetts in 1972.

Karen Kulp

Ms. Kulp is a founder of the Bank and currently serves on its Board of Directors. Ms. Kulp has served as President/CEO of Homecare Associates, a worker-owned home healthcare company based in Philadelphia since 2002. Before joining HCA, Kulp served in a variety of leadership roles in the non-profit and government sectors. Ms. Kulp serves as treasurer of the Board of the Delaware Valley Association for the Education of Young Children and on the Board of PHI, a national organization dedicated to improving the jobs of paraprofessional healthcare workers. She also serves on the Board of the Pennsylvania Home Care and Human Services Workers' Compensation Trust. In 2006 Ms. Kulp received an award as one of Pennsylvania’s Fifty Best Women in Business. Ms. Kulp received her Bachelor of Arts degree from New York University in 1974.

John W. McCoubrey

Mr. McCoubrey is a founder of the Bank and serves on its Board of Directors. Mr. McCoubrey is President of McCoubrey/Overholser, Inc. Building Construction, a high-end building and construction contractor with offices located in Mt. Airy. McCoubrey Overholser, Inc. provides commercial and residential construction services in the Greater Philadelphia region. McCoubrey Overholser, Inc. has worked on such prominent projects as the Top of the Hill Fountain Plaza in Chestnut Hill, the Trolley Car Diner in Mt. Airy, and the new visitor’s facilities at the Wyck Historic House and Gardens in Germantown. McCoubrey Overholser, Inc. employs 25 people. Mr. McCoubrey received his Bachelor of Arts degree from the University of Pennsylvania in 1974.

Kenneth L. Shropshire

Mr. Shropshire is a founder of the Bank and serves on its Board of Directors. Mr. Shropshire is a leading expert in the business of sports. Mr. Shropshire is the David W. Hauck professor at the Wharton School of the University of Pennsylvania. He served as Chairman of the school’s Legal Department from 2000-2005. Mr. Shropshire joined the Wharton faculty in 1986 and specializes in sports business, negotiations, diversity, and general business law. He is also special counsel to Duane Morris, LLP, practicing in the area of corporate law with a concentration in sports and business law. Mr. Shropshire has written extensively about the sports industry, authoring several books, including: The Business of Sports; The Business of Sports Agents; In Black and White, Sports and the Law; and the Sports Franchise Game. Mr. Shropshire has also provided consulting services to the NCAA, the National Football League, the United States Olympic Committee, Major League Baseball, IBM, Clorox, and Fannie-Mae. Mr. Shropshire received his law degree from Columbia University Law School in 1980 and Bachelor of Arts degree in Economics from Stanford University in 1977.

Michael L. Turner

Mr. Turner is a founder of the Bank and serves on its Board of Directors. He is a partner in the 500 person defense litigation firm, Marshall, Dennehey, Warner, Coleman & Goggin. Previously, he was a founder and managing partner of the Philadelphia law firm Kelly Jasons McGuire & Spinelli. Mr. Turner specializes in the preparation and trial of complex personal injury, products liability and criminal cases. Before entering into private practice, Mr. Turner was an Assistant District Attorney for the City of Philadelphia from 1981-1986. Mr. Turner is a member of the Pennsylvania Bar and serves on the Hearing Committee of the Disciplinary Board of the Supreme Court of Pennsylvania. He is also a member of the Board of the Center City Crime Victim Services Association, and on the Board of the Central High School of Philadelphia Alumni Association. Mr. Turner received his Law Degree from the University of Virginia in 1981 and graduated magna cum laude from Virginia State University in 1978.

Ken Weinstein

Mr. Weinstein is a founder of the Bank and serves on its Board of Directors. Mr. Weinstein is a restaurateur and real estate developer, based in northwest Philadelphia. He is president of Weinstein Properties, LLC, which, along with its related entities, has purchased and renovated more than 250 residential and commercial units in the Philadelphia region during the past two decades. Mr. Weinstein currently owns and manages more than 600,000 square feet of commercial space. Previously, Mr. Weinstein served as Chief of Staff for Philadelphia City Councilwoman Happy Fernandez and ran her campaigns for City Council in 1987 and 1991. Mr. Weinstein is co-founder and current Chair of the Mt. Airy Business Improvement District and the Mt. Airy/Chestnut Hill Teacher's Fund. He currently serves as a 9th Ward Democratic Committee Person, the Board Chair of the Philadelphia Housing Development Corporation and a member of the City of Philadelphia Mural Arts Program Advisory Board. Mr. Weinstein previously served as the President of the Mt. Airy Business Association and served on the Boards of the Philadelphia AIDS Fund, the Wissahickon Charter School, Octavia Hill Association, the Business Center at New Covenant and the Ludlow Youth Community Center. Mr. Weinstein received his Masters degree in Government Administration from the University of Pennsylvania’s Fels Center of Government in 1991 and his undergraduate degree in Economics from the University of Delaware in 1985.

Valley Green Bank Senior Management

Cheryl Hinkle Richards

Ms. Richards is the Chief Financial Officer, Chief Operating Officer, Treasurer and Secretary of Valley Green Bank. Prior to joining the Bank, she was a Senior Vice President, Chief Financial Officer, Treasurer and Secretary of Madison Bank in Blue Bell, PA. Prior to joining Madison Bank, Ms. Richards opened six start-up banks in the Midwest.

Mark W. Biedermann

Mr. Biedermann is an Executive Vice President and Chief Lending Officer of Valley Green Bank. He has more than 20 years experience in commercial banking and credit risk management. Prior to joining the Bank, Mr. Biedermann was the Regional Director of Commercial Banking for National Penn Bank's Southern Region and before that Vice President of asset-based finance for PNC Bank.

Mt. Airy

7226 Germantown Ave
Philadelphia, PA 19119
(215) 242-3550
Monday - Friday
8 a.m. - 6 p.m.
9 a.m. - 1 p.m.

Chestnut Hill

23 W Highland Ave
Philadelphia, PA 19118
(215) 242-1550
Monday - Friday
8 a.m. - 6 p.m.
9 a.m. - 1 p.m.

South Philadelphia

1536 S. Broad Street
Philadelphia, PA 19146
(215) 462-2265
Monday - Friday
8:30 a.m. - 5 p.m.
9 a.m. - noon


(Commercial Loan Office only)
100 Matsonford Rd #312
3 Radnor Corporate Center
Radnor, PA 19087
(610) 995-2265
Monday - Friday
8:30 a.m. - 5 p.m.

Center City

(Commercial Loan Office only)
2000 Market St Suite 700
Philadelphia, PA 19103
(215) 569-2265
By Appointment

FDIC Notice: Transaction Account Guarantee Program For complete information about FDIC Deposit Insurance Limits click here

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