Beneficial Bank announced the promotion of Joseph Canosa to Executive Vice President, Chief Credit Officer, and his appointment to the Executive Management Team.

Canosa will lead the bank’s Credit Risk Management for commercial lending, consumer lending, and residential mortgages.

“Joe has been a huge asset to our credit team since he joined us in 2014 as a Senior Credit Officer.  He’s contributed significantly to growing and managing our lending activities while insuring a risk profile for Beneficial that makes both business and common sense,” said Gerry Cuddy, President and CEO of Beneficial.  “Our success is premised on teamwork and communication, and these are the hallmarks of Joe’s management style.”

Canosa has over thirty years of banking experience, previously holding the position of Senior Credit Officer at Sun National Bank.