Troy Adair Joins Farmers National Bank as EVP of Finance

Canfield, OH – June 21, 2021 – Farmers National Banc Corp (NASDAQ: FMNB) announced today the following changes in its Accounting and Finance Executive Group. The changes are prompted by Carl D. Culp’s decision to retire as Farmers National Bank Chief Financial Officer and Senior Executive Vice President, effective August 15, 2021. The decision ends Culp’s highly successful 36-year career in accounting and the financial services industry, with 32 years dedicated to Farmers National Bank, including the last 25 years as Farmers’ Chief Financial Officer and Senior Executive Vice President.

Farmers has named Troy Adair as Executive Vice President of Finance. Adair, most recently with Premier Bank as Senior Vice President, Treasurer and Assistant Secretary, has an MBA in Finance and Accounting and has 33 years of experience in banking. Upon Culp’s departure, Adair will assume the Chief Financial Officer role. A native to the Mahoning Valley, Adair resides in Cortland, Ohio with his family.

“First and foremost, the Board of Directors thank Carl for his years of loyal service. It is difficult for me to express the countless contributions Carl has made over the course of his career to both the stability and extraordinary growth trajectory of our financial institution,” states Kevin Helmick, President and CEO of Farmers. “Carl exemplifies Farmers’ culture and has consistently led by example with his stalwart integrity and character.”  Culp has agreed to provide advisory services for a period of time to ensure a seamless transition to his successor.

Additionally, Farmers has promoted Joseph Sabat, CPA, to Vice President, Chief Accounting Officer, effective immediately. Sabat, who has been with Farmers since 2006, currently holds the role of Vice President and Controller at Farmers and brings 25 years of experience in the accounting, finance and auditing fields.

In making these announcements, Kevin Helmick noted, “The appointments of Adair and Sabat to these key roles reflect Farmers’ pursuit of high performance and exceptional results for our stakeholders.”

About Farmers National Banc Corp.

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $3.3 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 41 locations in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets; and Farmers National Insurance, LLC. Total wealth management assets under care on March 31, 2021 were $2.9 billion.

C&N Names Alex Balagour as Chief Information Officer

WELLSBORO, PA – C&N (Citizens & Northern Corporation, NASDAQ: CZNC), the leading financial services company in the region, announced that Alexander Balagour has been named as C&N’s Executive Vice President & Chief Information Officer. 

As the Chief Information Officer, Alex will focus on identifying and executing technology initiatives that will accelerate the digital transformation of the organization, while retaining C&N’s strong commitment to relationship-focused business model. He joins C&N with over 20 years of experience as an accomplished leader in the business technology industry. Most recently, Alex was the Chief Information Officer at Customers Bank in Reading, PA, where he led the organization through the transformation of their sales and lending technology, data analytics and customer experience.

“I am really excited to join a high performing, growing organization, with an incredible history and culture,” Balagour said. “I look forward to working with the management team and the board of directors on growing the company through thoughtful technology investments focused on customer experience, new digital products and employee experience.”

Alex graduated Cum Laude with a Bachelor of Science Degree in Computer Science from Arcadia University, where he earned the Sigma Zeta Award, given to the top-graduating student for academic excellence. He went on to receive his Executive Masters in Technology Management from Wharton School and School of Engineering from the University of Pennsylvania. Alex later gave back to that same program as an Assistant Lecturer at the University of Pennsylvania from 2010 through 2013, where he taught IT strategy classes.

Alex resides in the Philadelphia metro area with his wife, two children and a 6-month-old puppy.

Jack Murphy Named CEO of BankNewport

NEWPORT, R.I., April 1, 2021 – OceanPoint Financial Partners, MHC and BankNewport announced today that John F. (Jack) Murphy will succeed Sandra J. Pattie as president and chief executive officer of both the Mutual Holding Company and the Bank, effective May 17, 2021.

“We are delighted to welcome Jack to BankNewport,” said Peter Capodilupo, Chairman of the Board at BankNewport.  “We are looking forward to Jack’s leadership, and are confident that his experience and perspective will further the success the Bank has enjoyed as the leading community bank in Rhode Island.”

Murphy will bring more than 30 years of financial services experience to BankNewport, most recently as President of Business Banking at Citizens Bank. During his career he has managed multiple lines of business including Small Business, Business Banking, Community Banking, Equipment Finance and Auto Finance.  Prior to his time at Citizens Bank, he held leadership positions at Santander Bank, TD Bank, JPMorgan Chase and American Express.  Murphy is a graduate of St. Michael’s College in Vermont.  He and his wife, Kelly, reside in Duxbury, MA, where they have raised five children.

“I am thrilled to be joining BankNewport, whose reputation is among the best in the industry,” said Murphy.  “I was drawn to the Bank because of its unwavering commitment to the community, its customers and employees, and I intend to build upon the Bank’s foundation and long standing success.”

Pattie will retire from BankNewport after a 36-year career at the institution, beginning as a loan officer in 1984.  In 2012, she was named the first female President and CEO in the Bank’s history. 

About BankNewport:

Founded in 1819 and headquartered in Newport, BankNewport offers a full suite of loan and deposit products and services for families and businesses throughout Rhode Island.  With $2.0 billion in assets, BankNewport is one of the oldest community banks in the United States and, as a mutual organization, is committed to the financial success of its customers, employees and communities. BankNewport has 17 branch locations, with commercial lending offices in Cumberland and Providence.

BankNewport business lines include OceanPoint Marine Lending, specializing in consumer marine and recreational vehicle financing programs, and OceanPoint Insurance, a Trusted Choice independent insurance agency, providing a broad range of property casualty insurance products, including employee benefits and marine related insurance products.

Northwest Bank Names Chief Marketing Officer

Warren, PA —  March 22, 2021 — Devin Cygnar has joined Northwest Bank as Executive Vice President & Chief Marketing Officer.  Devin has nearly 25 years of progressive marketing experience across consumer, small business and mortgage banking within organizations of varying sizes, including PNC Bank and Fifth Third. 

Most recently, Devin served as senior vice president, head of marketing and corporate communications for ServiceLink, a division of Fidelity National Financial. There, he successfully launched a robust digital marketing strategy, including website, social media, data-driven targeting and virtual events. With the addition of Devin, Northwest Bank will align marketing under leadership who will blend knowledge and experience with Northwest’s culture and the bank’s vision for the future.  

Active in his community, Devin serves on the board of the Three Rivers Young Peoples Orchestra and is a graduate of Leadership Pittsburgh. He lives in Cranberry Township, Pennsylvania with his family, and will relocate to Columbus, Ohio over the summer.

Northwest Bank operates 162 full-service offices and 8 free-standing drive through locations. Founded in 1896, Northwest offers a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest Bancshares, Inc. is the holding company of Northwest and is listed on the NASDAQ Global Select Market as NWBI. More information about Northwest can be found online at www.northwest.com.

Penn Community Bank Welcomes New Directors

Perkasie, Pa., January 28, 2021Penn Community Bank, the largest mutual bank headquartered in eastern Pennsylvania, is proud to welcome Kelly Finch Mobley and Brian G. Peirce to its Board of Directors.

“We are pleased to welcome Kelly and Brian to Penn Community Bank’s board,” said Bill Larkin, Chair of the Penn Community Bank Board of Directors. “Both bring a wealth of business and community experience and will immediately make a positive impact as we work to ensure Penn Community Bank remains the leading independent, mutual bank in the region.”

“At Penn Community Bank, we’re committed to our long-term mission of serving as a catalyst for growth and functioning as an integral part of the local economy,” said Jeane M. Vidoni, Penn Community Bank president and CEO. “Kelly and Brian share our core values and their impressive backgrounds will provide important new strategic voices to the conversation of how we deliver Penn Community Bank’s mission to more individuals, families, businesses, and communities throughout our markets.”

Mobley joins Penn Community Bank with over 35 years of experience in financial services, most recently serving as Executive Vice President, Director of Retail Workforce Readiness with PNC Bank, N.A. She serves on the boards of Ursinus College, Fortress Arts Academy, and the Philadelphia Dance Company. Mobley holds a BS in Applied Mathematics and Economics from Ursinus College and an MBA from the Wharton School of the University of Pennsylvania.

Peirce is the president and CEO of Montgomery Co.-based Peirce-Phelps, LLC. one of the nation’s largest distributors of HVAC equipment, parts and supplies. He serves on the board of Airline Hydraulics and is the past chairman of Heating, Air Conditioning, and Refrigeration Distributors International (HARDI). Peirce holds a BA in economics from Franklin and Marshall College and an MBA from the University of Chicago.

About Penn Community Bank: Penn Community Bank holds more than $2.5 billion in assets, employs more than 300 people, and offers banking, lending and investments at 22 bank branches and three administrative centers throughout Bucks and Montgomery counties, Pennsylvania. As an independent, mutual financial institution, Penn Community Bank is not publicly traded and operates with its long-term mission in mind: to help businesses grow and prosper, to provide financial resources to individuals and families throughout their lifetimes, to strengthen the local economy, and to partner with local organizations to act as a catalyst for positive growth in every market it serves.

Northwest Bank Names EVP & Chief Human Resources Officer

Warren, PA —  January 21, 2021 — Kyle Kane has been named Executive Vice President and Chief Human Resources Officer for Northwest Bank, according to Ronald J. Seiffert, Northwest President and CEO.  In his role, Mr. Kane will be responsible for the development and execution of the bank’s strategy for talent acquisition, development and retention and will manage all key functions of its Human Resources Department, including employee inclusion and engagement, compensation and benefits, succession planning, compliance and operations.

Northwest Bank conducted a nationwide search to identify the bank’s next human resources leader with the assistance of Kaplan Partners, a nationally known boutique retained executive search and board advisory firm specializing in the financial services sector.

Throughout his 25-year career, Mr. Kane has gained extensive knowledge and experience in designing the human resources agenda for complex businesses within multifaceted global organizations. Most recently, he served as Vice President of Global Human Resources for Diebold Nixdorf, headquartered in North Canton, OH, an American multinational financial & retail technology company specializing in the sale, manufacture, installation and service of self-service transaction systems such as ATMs. During his tenure with Diebold Nixdorf, he led several strategic HR initiatives including organizational transformation, cultural change management and mergers and acquisitions.

Previously, Mr. Kane served as Senior Vice President and the Head of Human Resources for Global Business Services at Fidelity Investments. In this role, he led an HR organization supporting over 6,000 employees across India, Ireland and China.

In making the announcement, Mr. Seiffert said, “At Northwest, our people are our greatest resource and the key to our success. Kyle’s proven leadership in managing HR strategy to align with business objectives will be indispensable as we evolve our company culture and customer experience.”

“Building a high-performance culture where employees can contribute and grow – and feel valued — is critical to becoming a company that sets itself apart,” Mr. Kane said. “I’m thrilled to join the impressive team at Northwest to help lead its transformation.”

Mr. Kane earned a Marketing degree from Stonehill College and has completed executive development programs in organizational effectiveness, leadership and change management. He resides in Hudson, OH, with his wife and their two children.

Northwest Bank operates 162 full-service offices and 8 free-standing drive through locations. Founded in 1896, Northwest offers a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest Bancshares, Inc. is the holding company of Northwest and is listed on the NASDAQ Global Select Market as NWBI. More information about Northwest can be found online at www.northwest.com.

Essex Savings Bank Announces Successor to President & CEO

Essex, CT — January 14, 2021  — The Board of Directors of Essex Savings Bank is pleased to announce that Diane Arnold, Senior Vice President and Chief Lending Officer of Essex Savings Bank, will be assuming the role of President and CEO in July 2021, upon the retirement of current President and CEO Gregory Shook.

Mr. Shook has served in his role for 21 years overseeing steady growth in deposits and loans, geographic expansion, the development of the Trust Department with over $600 million in assets, and integration with Essex Financial Services, its wholly-owned wealth management subsidiary with over $2.8 billion of managed assets. In addition to inheriting Mr. Shook’s role, Ms. Arnold will also serve on the Board of Essex Savings Bank, and on the Board of Essex Financial Services, Inc. 

Douglas Paul, Chairman of the Essex Savings Bank Board of Directors, stated, “Greg Shook has been an exemplary leader, and our Board engaged in a very extensive and comprehensive process to select his successor. Ms. Arnold is an outstanding choice with the attributes and qualities necessary to propel Essex Savings Bank into the next era of banking as a leading community bank.”

Ms. Arnold began her banking career in 1983 and she worked in a variety of departments at two different banks before joining Essex Savings Bank in 2002, where she ultimately rose to her current position. During her 19 years at the bank, she has been particularly influential in developing the commercial loan portfolio and in mentoring many individuals. She has been involved in a number of community organizations for many years, and in 2017 she received a Women of Fire Award, recognizing key female leaders in the Finance, Insurance and Real Estate sectors.

Ms. Arnold earned a B.S. degree in Economics from Quinnipiac College and is also a graduate of the Connecticut School of Finance and Management. “I am honored to have been selected by the Board to assume the role of President and CEO upon Greg Shook’s retirement,” said Ms. Arnold. “I look forward to building upon our solid foundation of serving the local community and continuing to flourish in an ever-changing banking environment.” Mr. Shook stated: “I am so pleased the Board has selected Diane Arnold as the next President and CEO and the first woman to serve in this role at our institution. I have known Diane for many years and look forward to working with her to insure a smooth and successful transition.”  

Essex Savings Bank is a FDIC insured, state chartered, mutual savings bank established in 1851. The Bank serves the Connecticut River Valley and shoreline with six offices in Essex (2), Chester, Madison, Old Lyme and Old Saybrook providing a full complement of personal and business banking. Financial, estate, insurance and retirement planning are offered throughout the state by the Bank’s Trust Division, Essex Trust and wholly-owned subsidiary, Essex Financial Services, Inc.

Flagstar Bank Hires Karen Buck as EVP & Head of Operations

TROY, Mich., Jan. 6, 2021 —  Karen Buck has joined Flagstar Bank (NYSE: FBC) as executive vice president and Head of Operations. In this role, she is responsible for the Customer Engagement Center, retail and commercial operations, banking operations, and business risk and internal controls.

Buck has over 30 years of experience in the financial services industry, most recently as executive vice president of commercial, retail, and payment operations at TD Bank in New Jersey, where she led a team of more than 2,200 employees across the bank’s commercial and retail segments.

“With Karen on board, we look forward to driving operational excellence at Flagstar to a new level and giving our customers another reason to bank with us,” said Alessandro DiNello, president and CEO of Flagstar. “She is a true professional and a standout in her field. We’re fortunate to have her in this important position to support the future growth of our retail and commercial businesses.”   

Buck was recognized by The American Banker as a member of The Most Powerful Teams in Banking, by South Jersey Biz magazine as one of 25 Women to Watch, and by NJBIZ Journal as one of the Best 50 Women in Business.

Flagstar Bancorp, Inc. (NYSE: FBC) is a $29.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 29 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $227.4 billion of loans representing slightly over 1.1 million borrowers. For more information, please visit flagstar.com.

Maryland Bankers Association Names New President & CEO

December 4, 2020    Annapolis, MD  –  The Maryland Bankers Association (MBA) announced today that Ramon O. Looby of Fulton, Maryland, will become the new President & CEO of the Association. Mr. Looby will replace long-time President & CEO, Kathleen Murphy, who left the Association in August. For the last four years, Mr. Looby served as the Senior Vice President and Public Policy Lead at Bank of America, working with legislators and associations in a number of states including Maryland.  Prior to that, he was a Senior Director with the Consumer Data Industry Association based in Washington D.C.  Throughout his career, Mr. Looby has held numerous leadership positions with various government and trade industry associations. He is a graduate of the University of Florida where he earned his Bachelor of Arts in Sociology and his Master of Arts in Political Communication.  Mr. Looby’s expected start date with the MBA is January 11, 2021.

Mr. Looby was selected from an extensive list of candidates from around the country. The search was conducted by a committee comprised of MBA board members, headed by Committee Chairman William Pasenelli, CEO, Community Bank of the Chesapeake and MBA Chairman Robert “BJ” Goetz, President & CEO, Middletown Valley Bank.  The MBA also engaged Kaplan Partners, a nationally known retained executive search and board advisory firm specializing in the banking industry, to assist with the search process.

“Following an extensive nationwide search, the Maryland Bankers Association is pleased to welcome Ramon Looby as its new President & CEO,” said B.J. Goetz. “His combination of experience in banking and with national trade associations will serve our members and the community well.”  “I am honored and excited to join the MBA in early 2021 and look forward to leading this historic Association into the future,” said Looby.

For additional information please contact B.J. Goetz, MBA Chairman and President & CEO of Middletown Valley Bank at (301) 371-3055.  For information on the MBA, please visit www.mdbankers.com.

Founded in 1896, MBA represents community, regional and large nationwide banks and thrifts of all sizes and charter types which hold $140 billion in deposits in more than 1,400 branches across the State.  Maryland banks employ more than 26,000 professionals who dedicate on average 100 hours of community service annually.  MBA serves member banks as a legislative and regulatory advocate at all levels of government, as the public relations voice for the industry, as a provider of professional education to members and a promoter of financial education to the community.  The MBA will celebrate its 125th Anniversary in 2021.

ConnectOne Names Bank President, Hires Chief Risk Officer

December 2, 2020    Englewood Cliffs, N.J   —   ConnectOne Bancorp Inc. named Elizabeth Magennis president of its unit ConnectOne Bank. Magennis, who previously served as the executive vice president and chief lending officer of the bank, assumes her new role immediately.

The company also disclosed that Michael O’Malley has been hired as executive vice president and chief risk officer of ConnectOne Bank. His career includes serving most recently as director of enterprise risk and strategic initiatives and head of operational risk at On Deck Capital Inc.  He has extensive risk management experience across a wide array of financial institutions, including Fintech lending, global banks, commercial banks, investment banks, broker-dealers and wealth managers.

Prior to joining On Deck Capital, O’Malley worked with MUFG Securities Americas, Ernst & Young, Bank Leumi, and Trillium Trading.  At ConnectOne, he will be responsible for providing effective and proactive risk leadership, and ensuring that the organization is fully prepared to comply with the regulatory standards applicable to larger banking organizations.  In this new role, O’Malley will report directly to Chairman & CEO Frank Sorrentino, III.

In addition, Siya Vansia has been named senior vice president and chief brand and innovation officer of the bank. Vansia has been with ConnectOne for more than a decade.

For additional information, visit www.ConnectOneBank.com.