Provident Bank Names General Counsel

Iselin, New Jersey — August 23, 2021 Provident Bank, a leading New Jersey-based financial institution has announced that Bennett MacDougall has joined the Bank as Senior Vice President, General Counsel of Provident Bank and Beacon Trust Company and Deputy General Counsel of Provident Financial Services, Inc. Mr. MacDougall is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for overseeing all legal affairs of the Bank and its subsidiaries, in addition to providing advice to the Executive Leadership Team on all matters of law and policy.

Mr. MacDougall joins the Bank after serving for six years as chief legal officer of BNY Mellon Investment Adviser, Inc. and the BNY Mellon family of funds, where he oversaw all legal and regulatory matters involving BNY Mellon’s U.S. retail investment management business. Previously, he was a director at Deutsche Bank, where he served as chief legal officer of DWS Investment Management Americas, Inc. and provided legal support to the bank’s global investment management business. Before that, he was vice president at Morgan Stanley and an associate with Dechert LLP, an international law firm. Mr. MacDougall began his legal career at the U.S. Securities and Exchange Commission.

“I am pleased to welcome Ben to our leadership team. He possesses exceptional knowledge of law as it pertains to financial institutions and is uniquely qualified to advise our board of directors, leadership team and organization on legal matters,” said John Kuntz, Senior Executive Vice President, Chief Operating Officer. He brings a wealth of knowledge and expertise to this role which will serve the Bank well as we continue our ongoing commitment to build for the future,” added Mr. Kuntz.

Mr. MacDougall earned his Master of Laws degree from New York University School of Law, his Juris Doctor degree from Drake University Law School, and a Bachelor of Arts degree from The Evergreen State College. He is a member of the Board of Directors and Secretary of Trinity Human Services Corporation.

Provident Bank, a community-oriented financial institution offering “Commitment you can count on” since 1839, is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS), which reported assets of $13.22 billion as of June 30, 2021. With $10.59 billion in deposits, Provident Bank provides a comprehensive suite of financial products and services through its network of branches throughout northern and central New Jersey, as well as Bucks, Lehigh and Northampton counties in Pennsylvania and Queens County in New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company and insurance services through its wholly owned subsidiary, SB One Insurance Agency, Inc. For more information about Provident Bank, visit

AchieveNEXT and Kaplan Partners Announce Wealth & Asset Management Industry Diversity, Equity and Inclusion Outlook Briefing

Philadelphia, PA — August 12, 2021 — AchieveNEXT, the leading provider of Peer Advisory Networks and Talent Performance Solutions for mid-market leaders, has released its Wealth & Asset Management Industry DEI Outlook Briefing. The Report reveals a large gap between leaders’ perception of their own progress on issues of diversity, equity, and inclusion and actual level of performance in the industry.

The report was produced using data captured from sixty top Wealth and Asset Management firm executives. The report features contributions from industry leaders, including: Alan J. Kaplan, Founder & CEO of Kaplan Partners; Craig Pfeiffer, the President & CEO of Money Management Institute (MMI); Cheryl Nash, CEO, Financial Supermarkets Division of InvestCloud; and Lori Hardwick, Strategic Advisory Board Member, Genstar Capital.

The report highlights industry sentiment and the steps that industry leaders are taking in their enterprises to create a more supportive, inclusive, and engaged workplace for their diverse employees. Key findings of the report:

* A large majority say their firms ensure that all employees feel included and supported.

* However, industry data show that female and minority employees are significantly under-represented in the top ranks.

* Executives view DE&I almost entirely as a human resources issue and do not yet see a connection with client service or business performance.

DE&I is an important element of broad efforts to improve the wealth management industry’s performance on overall issues of environmental, social, and governance issues. “The tide is rapidly shifting in asset management. The focus on ESG and specifically DE&I has pushed the industry to address the expectations of investors and clients. Progress is being made, but as noted in the report, much more work lies ahead,” offers Alan J. Kaplan of Kaplan Partners.

“MMI is proud to support AchieveNEXT’s efforts to raise awareness with facts and identify the real gaps that exist beyond perceptions. Many genuine efforts have been launched across the industry, and it is, as always, important for leaders to know where their followers are and to continue to evolve approaches,” says Craig Pfeiffer.

The report also outlines a three-step process for advancing DE&I initiatives throughout the employee lifecycle, beginning with an assessment of the current state, followed by analysis and creation of a strategic roadmap applied to talent acquisition, talent development, leadership development, and succession planning.

“By understanding their current baseline, enterprise leaders can set more defined and financially focused strategies that will link investments in DE&I to their business strategy,” says co-author Robyn Pollack. Download the Briefing HERE.

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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

For a press release featuring a full multimedia view, visit:

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

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

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

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

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