1st Colonial Announces New Additions to Board of Directors

Cherry Hill, NJ  — July 28, 2021 — 1st Colonial Bancorp, Inc. (FCOB), the holding company of 1st Colonial Community Bank, announces the addition of Shelley Simms and Thomas Brugger to the Board of Directors.  

Shelley Simms

Shelley Simms is General Counsel and Chief Compliance Officer of Xponance, a registered investment advisor based in Philadelphia, Pennsylvania. Prior to joining Xponance, Simms was independent counsel to ARAMARK Corporation and also held legal positions at Comcast Corporation and the law firm of Ballard Spahr LLP. Additionally, she served as law clerk to the Honorable Theodore A. McKee, United States Court of Appeals for the Third Circuit. Simms is a graduate of Brown University, received her Juris Doctorate from Harvard Law School, where she was a Supervising Editor of the Harvard Law Review, and has bar admissions in Pennsylvania and New Jersey.

Thomas Brugger

Thomas Brugger brings over 30 years of experience in the banking industry and most recently served as the Chief Financial Officer of Orrstown Bank of Harrisburg, Pennsylvania, until his retirement in April 2021. Prior to this role, Brugger held the position of Chief Financial Officer for Sun National Bank of Mount Laurel, New Jersey, as well as Chief Financial Officer for Customers Bank of Wyomissing, Pennsylvania. He also served as Executive Vice President & Corporate Treasurer of Sovereign Bank of Wyomissing, Pennsylvania. Brugger is a graduate of the Pennsylvania State University with a B.S. in Accounting.

“We’re thrilled to welcome both Shelley and Tom to our Board of Directors. Their robust experience and industry knowledge will be a tremendous asset to the organization, as we execute upon our growth strategy” stated Robert White, President & CEO.

About 1st Colonial Community Bank

1st Colonial Community Bank, the subsidiary of 1st Colonial Bancorp, Inc. provides a range of business and consumer financial services, placing emphasis on customer service and access to decision makers. Headquartered in Collingswood, New Jersey, the Bank has branches in Westville, New Jersey and Limerick, Pennsylvania. The Bank also has a loan production office in Haddonfield, New Jersey and administrative offices in Cherry Hill, New Jersey. To learn more, call (877) 785-8550 or visit www.1stcolonial.com.

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NACD Philadelphia Chapter Names New Leader and Board Members

Philadelphia, PA – July 27, 2021  The NACD Philadelphia Chapter, the advocate for the profession of directorship, today announced the election of Melissa Ludwig as chair of the NACD Philadelphia Chapter and four new highly regarded leaders to the chapter’s board of directors: Beth Albright, Dave Burkavage, Romy Diaz, and Adrienne Kirby.

Nominating and Governance Committee Chair Alan J. Kaplan, of Kaplan Partners, stated, “Our Nominating and Governance Committee explored many options and worked hard to identify these talented leaders. They are tremendous additions to our board and bring diverse experience and skill sets, enabling NACD Philadelphia to continue to bring forward-looking guidance and resources to our members to elevate board performance.”

The leadership succession will take place in July 2021. Outgoing Chapter Chair Jim Dunigan will remain on the board and continue his role as Sponsorship Committee chair.  “Our chapter has accomplished a great deal over the past two years, and I have been fortunate to serve as chair during that period of growth and transition,” Dunigan said. “On behalf of the entire board, I am delighted to welcome Melissa to chair. Her engaged and strategic leadership style and board experience will be invaluable to our members.”

New Chapter Chair

Melissa Ludwig most recently served as the NACD Philadelphia Chapter member engagement chair. A former Macy’s executive, Ludwig has more than 30 years of retail and consumer products industry experience, heading businesses ranging from $300 million to $600 million in value. She has been actively engaged in multiple for-profit and nonprofit organizations as a board member, strategic advisor, investor, and consultant. She served as a board member for CSS Industries Inc. (NYSE: CSS), a consumer products company, and was integral to the successful selling of the company.

Ludwig also serves as a board member for the Forum of Executive Women, Women in Leadership Committee (chair), Philadelphia Convention & Visitors Bureau, and Philadelphia Chapter ALS Association. She is also an advisor for early-stage ventures and an executive committee member, advisor, and investor for Angel Investor Group (Broad Street Angels).

Newly Elected Board Members

Beth Albright is an experienced chief human resources executive and is currently on the Board of Directors for Darling Ingredients (NYSE: DAR), Penn State’s School of Labor and Employment Relations advisory board, and The Power of Professional Women—a nonprofit organization. She was formerly on the Board of Directors for Crozer Keystone Health System and the International Employers Forum and was management lead for the Chemours (NYSE: CC) Compensation Committee. Albright is an NACD Board Leadership Fellow.

Dave Burkavage is an assurance partner as well as the managing partner for EY’s Philadelphia office where he provides direction and guidance to more than 1,500 cross-functional team members who serve some of the area’s largest public companies as well as a diverse base of innovative and entrepreneurial organizations. An active member of the Philadelphia business community, Burkavage is a member of the CEO Council for Growth, the boards of directors of the Pennsylvania Alliance for Capital and Technologies and the Philadelphia Youth Network. He also actively participates in Life Sciences PA and the Association for Bioscience Financial Officers.

Romy Diaz serves as an independent director of the Federal Home Loan Bank of Pittsburgh and an advisor to PBJ Marketing LLC. Prior to retiring from the Exelon Corp. in 2020, Diaz was general counsel of PECO Energy Co., City Solicitor of Philadelphia, and a presidential appointee at the U.S. Environmental Protection Agency and the U.S. Department of Energy. He serves on numerous nonprofit and governmental boards, including the Philadelphia Museum of Art, Pan American Association of Philadelphia, Pennsylvania Energy Development Authority, and Center City District.

Adrienne Kirby is the former executive chairman and CEO of Cooper University Health Care. She is currently an independent board director for Trellis Rx; MedVet, where she serves on the Compensation Committee; Greenway Health, where she serves as chair of the Compliance Committee; and SILA REIT, where she serves on the Audit and Nominating and Corporate Governance Committees. Kirby also chairs the Advisory Board of healthPrecision—a healthcare decision support company. She has received numerous professional and community service awards and has been named by the Philadelphia Business Journal several times as a Most Admired CEO, Power 100, and a Woman of Distinction.

In addition, five NACD Philadelphia Chapter Board members were re-elected to a second term: Glenn Booraem, Jim Dunigan Alex Lord, Arlene Yocum, and Trish Wellenbach. The chapter also thanks outgoing board members Howard Brownstein, Tom Pappas, Tim Reese, and Bob Bauer for their service.

Full biographies can be found on the NACD Philadelphia Chapter Leadership Page.

About NACD Philadelphia Chapter

NACD Philadelphia Chapter provides a forum for NACD members to exchange knowledge and discuss leading boardroom practices in the Philadelphia area, including the greater Delaware Valley. NACD’s 20+ chapters enhance the value of NACD membership by providing directors with a local forum to address governance challenges in order to elevate their board’s performance. Members enjoy peer-to-peer dialogue about critical boardroom issues such as cyber risk, CEO succession planning, activism, and leadership. To learn more about NACD Philadelphia Chapter, please visit https://philadelphia.nacdonline.org/.

About NACD

The National Association of Corporate Directors (NACD) empowers more than 21,000 directors to lead with confidence in the boardroom. As the recognized authority on leading boardroom practices, NACD helps boards strengthen investor trust and public confidence by ensuring that today’s directors are well prepared for tomorrow’s challenges. World-class boards join NACD to elevate performance, gain foresight, and instill confidence. Fostering collaboration among directors, investors, and corporate governance stakeholders, NACD has been setting the standard for board leadership for more than 40 years. 

For More Information

Shannon Bernauer, Executive Director, NACD Philadelphia Chapter
610-812-9122    shannon@philadelphia.NACDonline.org

The Board of Pensions Announces Promotion and New Hire

Philadelphia, PA – July 26, 2021 – The Board of Pensions of the Presbyterian Church (U.S.A.) has further refined its organization to better serve the Church. As Benefits Plan membership continues to grow, it has moved management of relationships with all employers into one division.

The reorganization encompasses the Church Relations team, as well as the supporting functions of meeting planning, marketing, and communications. Also included in this new externally facing division are the Board of Pension’s longstanding education and assistance programs.

“Since the start of 2017, the number of active employees in the Benefits Plan has grown 31.7 percent,” said the Reverend Frank Clark Spencer, agency President. “Affiliated employers are driving the growth. And our membership is becoming more diverse as organizations such as colleges and retirement communities bring employees into the plan.”

Linda Jacobsen, Executive Vice President

Executive Vice President Linda Jacobsen is leading the new division. Ms. Jacobsen joined the Board of Pensions five years ago as Vice President, Growth Strategies and Solutions. The agency was poised to introduce a redesigned Benefits Plan, on January 1, 2017. Her charge was to oversee marketing of the plan’s expanded options and new flexibility among affiliated employers.

“Bringing more employers into the Benefits Plan means providing access to Board of Pensions offerings to a growing number of ministers and employees,” Ms. Jacobsen said. “We want to have the biggest impact possible within the scope of our mission.”

The agency’s assistance and education programs, which are responding to a more diverse membership, are now under Ms. Jacobsen’s direction. Although financial support for members provided through assistance grants has doubled over the past few years, work is underway to further expand eligibility. Access to education programs is widening as well, with the expansion of online opportunities and offerings in Korean and Spanish.

The consolidation of communications and marketing functions under the new division is designed to ensure consistent messaging. The goal is to be sure that all members know about and can access the agency benefits and programs, which promote wholeness in four key areas: spiritual, health, financial, and vocational.

“Alignment of messaging is critical as we represent the Board and its work to all constituencies — externally and internally, to our own employees,” Ms. Jacobsen said. The agency has hired a Vice President, Tracy Pou, to oversee this alignment. She will report to Ms. Jacobsen.

Tracy Pou, Vice President, Marketing and Communications

“Tracy has extensive strategic communications and marketing experience, specifically in healthcare, and she has worked in mission-based organizations,” Ms. Jacobsen said. “She has a deep understanding of how to motivate plan members to action and develop health-equity programs for diverse cultural and linguistic needs.”

Ms. Pou brings more than two decades of combined journalism and senior-level marketing, communications, brand management, and stakeholder engagement experience to the Board of Pensions. An accredited business communicator, she has spent much of her career in the health insurance sector, recently working as a corporate communications leader for AmeriHealth Caritas, a Philadelphia-based national payer that coordinates healthcare services for underrepresented groups across the country. There she was responsible for strategic account management and supporting brand awareness and enrollment growth in 13 states and the District of Columbia.

“Tracy’s experience will prove valuable in ensuring that our benefits and programs are accessible to all our members,” Ms. Jacobsen said. “And her marketing leadership will help us see continued growth in employer plan participation, both Church and affiliated.”

“I’m excited to be joining the Board during this significant transition,” Ms. Pou said. “I look forward to leading and shaping a communications and marketing team that will be a valuable partner in ensuring equity of service and in supporting continued plan growth.”

“Consistency is key to making sure all plan members are aware of and have access to what we offer,” President Spencer said. “Our benefits and programs foster wholeness. God wishes that for every one of us.”

As one of six national PC(USA) agencies, the Board of Pensions administers the denomination’s Benefits Plan and provides financial assistance and educational opportunities to plan members. It serves PC(USA) congregations, agencies, and mid councils. And it serves employers with PC(USA) affiliations — including educational institutions, camps and conference centers, retirement and senior housing communities, and human services organizations.  For more information visit pensions.org.

Ledyard National Bank Names Wealth Head

Hanover, NH  –  Jul 22, 2021  –  Ledyard National Bank is pleased to announce that Michael Hakoun has joined the bank as the new Executive Vice President and Managing Director of Ledyard Financial Advisors.  He follows Dennis Mitchell, who will be retiring in September after leading Ledyard’s Wealth Management division for the last thirteen years.  Michael brings with him nearly two decades of experience in the wealth management and retail banking industry, having worked in the US and Canada.

Prior to joining Ledyard, Michael led a five-state team located in New Hampshire, Vermont, Maine, Massachusetts and Rhode Island supporting 230 retail branches for TD Bank. The comprehensive team included Wealth Strategists, Investment Advisors, Trust Advisors, Wealth Lending Specialists, Private Client Relationship Managers, and Client Services. 

Kathy Underwood, President and CEO of Ledyard National Bank, said, “We are thrilled to have Mike joining Ledyard. He is a proven team leader who brings significant depth of experience and an enormous amount of energy.”  Michael’s comprehensive wealth management and retail banking experience perfectly complements Ledyard’s strategic goals and passion for developing long-term client relationships. His demonstrated leadership has produced results ranging from transformational client service delivery, meaningful employee engagement strategies.

Michael graduated from McMaster University’s DeGroote School of Business in Ontario, Canada with a Master of Business Administration. Michael has a Bachelor of Science degree in Business Economics from the State University of New York at Oneonta and also holds FINRA Series 7, 63, 65, 24 licenses.  He serves on the board of Mt. Zion Christian Schools, coaches recreational softball teams for his daughters, and teaches students at his local church. He lives in New Hampshire with his wife and three daughters.

Ledyard Financial Advisors is the wealth management division of Ledyard National Bank, managing over $1.8 billion of client assets.  For additional information visit LedyardBank.com.

Level One Bancorp, Inc. Announces Promotion of Timothy R. Mackay to President

Farmington Hills, MI, July 20, 2021 — Level One Bancorp, Inc. (the “Company”) (Nasdaq: LEVL), parent company of Level One Bank (the “Bank”), today announced that Timothy R. Mackay, who currently serves as Executive Vice President of the Bank, has been elevated to the positions of President of both the Company and the Bank, effective as of July 16, 2021. Patrick J. Fehring will continue in his roles as Chairman of the Board and Chief Executive Officer of both the Company and the Bank.

Mr. Mackay has served as the Bank’s Executive Vice President, Consumer Banking Officer since 2013, where he has been responsible for the strategic leadership of the Bank’s Consumer Banking Division, including branch banking, small business banking, residential mortgage and marketing. Prior to joining the Bank, he served for over 20 years in various leadership positions with Fifth Third Bank. Mr. Mackay received his B.A. in business administration from Hope College.

“We are pleased to have someone with the experience and leadership qualities that Tim has shown throughout his tenure,” noted Mr. Fehring. “I have worked closely with Tim for many years and he has achieved great success in managing growth within his various lines of business.”

Mr. Fehring said, “Tim’s promotion to President will enhance our commitment to our customers as we move forward in executing our business plans. Tim has been working closely with the executive team since his arrival and I expect his transition into this role to be smooth. He is a strongly qualified leader who knows our Company and the Bank well. I am confident that he will serve the Company and the Bank effectively in his new position.”

About Level One Bancorp, Inc.

Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $2.5 billion. It operates sixteen banking centers throughout Metro Detroit, Ann Arbor, Grand Rapids, and Jackson and provides a variety of commercial, small business, and consumer banking services. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, visit www.levelonebank.com.

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.

Alex Balagour

“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.