PhillyInc

Fox Chase Bancorp Inc. (Nasdaq: FXCB), a small Hatboro-based chain that emerged last June from regulatory supervision for unsound banking practices, reports its quarterly results in almost chastened tones today. Says president Tom Petro: “We have created a corporate culture where ethical behavior is expected and where men and women are expected to conduct themselves with integrity. We think that such a culture fosters candor and trust, and establishes a climate of doing the right things.” He says the chain has opened three branches and reduced problem loans. And its 2007 goal: “Shift from the much needed clean-up mandated by the Cease and Desist Order to growth and profitability." Amen. -- Thomas Ginsberg