Joseph Cafarchio retired as chief credit officer of Meridian Bank, the parent company of Meridian Equipment Finance, effective today. Cafarchio has served in the position since Meridian Bank’s inception in 2004.

Prior to joining Meridian Bank, Cafarchio had a long career in the Philadelphia-area banking community, including positions with National Penn Bank, Stonebridge Bank and the Philadelphia Federal Reserve, where he started his career. Before entering the financial world, he pursued his other professional passion as a saxophonist in a nationally touring band.

“Joe has been here since the beginning, and his contribution to the dynamic growth and success of this institution is inestimable,” Chris Annas, founder and CEO of Meridian Bank, said. “Joe shaped our credit philosophy that complemented Meridian’s entrepreneurial instincts. While he will be sorely missed, both professionally and personally, his legacy will continue to inspire all of us. We all wish Joe and his wife, Margie, the very best.”

Cafarchio will be succeeded in his role as chief credit officer by Andy Fox.