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.

1st Colonial Bancorp Appoints Bob White as CEO

Collingswood, N.J. — January 29, 2020 — The Boards of Directors of 1st Colonial Bancorp, Inc. (OTC: FCOB) and its subsidiary, 1st Colonial Community Bank, today announced that they have appointed Robert B. White as the president and chief executive officer of both the holding company and the bank, effective February 3, 2020. He succeeds Gerard M. Banmiller, the current president and chief executive officer of both companies, who is retiring. Mr. White brings 30 years of experience in banking and financial services with him to 1st Colonial.

Most recently, White served as the Executive Vice President and Chief Risk Officer for Customers Bank, a commercial bank headquartered in Wyomissing, Pennsylvania with over $11 billion in assets. While at Customers Bank, he oversaw all risk management functions, including compliance, credit/loan review, and third-party risk management, for a rapidly growing and profitable community bank. He was also president of the Bank’s Special Assets Group, which managed and substantially reduced the Bank’s non-performing assets. For several years he also served as the Bank’s Director of Corporate Development in charge of the Bank’s acquisitions and strategic partnerships.

Chairman Linda Rohrer commented, “We are very pleased that Bob White has agreed to become our new CEO. We looked at many candidates, and believe that he is the one best suited to lead 1st Colonial into this new chapter for our bank. He is a results-driven banker with a strong credit background. Also, his extensive risk management experience will be invaluable to our Board. We thank Gerry Banmiller very much for all his leadership and guidance over these last 20 years, and we wish him all the best in his retirement.”

The Board of Directors of 1st Colonial Bancorp also announced that it has declared a five percent (5%) stock dividend to the company’s shareholders. The dividend will be distributed on all issued and outstanding shares held of record as of April 1, 2020 and will be payable on April 15, 2020. Accordingly, each shareholder as of the record date will receive one share of common stock for every 20 shares of common stock that they own on that date, plus an additional share in lieu of any fractional share payable to the shareholder.

1st Colonial Community Bank, the subsidiary of 1st Colonial Bancorp, 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 also has a branch in the New Jersey community of Westville and administrative offices in Cherry Hill, New Jersey. To learn more, call (856) 858-8402 or visit www.1stcolonial.com.

KAPLAN PARTNERS ANNOUNCES NICHOLAS DEMEDIO JOINS AS PRINCIPAL

 

Wynnewood, PA – January 22, 2020 – Kaplan Partners, a leading boutique executive search and talent advisory firm, today announced Nicholas DeMedio (“Nick”) joining the firm as a Principal. With more than 20 years of Executive Search, Talent Management and Human Resources experience, Nick comes from Mosteller & Associates where he oversaw the financial services executive search practice for the regional Human Resources consulting firm. In this role, Nick led a number of Chief Executive Officer and C-Level searches, working directly with Boards of Directors and Executive Management teams in all facets of senior level recruiting, executive compensation and talent consulting.

Nick previously served as a senior executive at Royal Bank America, a publicly traded community bank based in suburban Philadelphia. In this key leadership role, Nick managed both strategic and hands-on initiatives of the human resources department, including executive recruiting, the design and administration of both executive and staff compensation and benefits infrastructure, executive on-boarding, talent management and succession planning.

“We are thrilled to welcome Nick to the Kaplan Partners team,” said Alan J. Kaplan, founder and CEO of Kaplan Partners. “His experience lends itself well to the firm’s high standards for advising CEOs and boards on leadership succession, corporate governance, talent management, and enhancing diversity. Nick’s combination of experiences as both a trusted advisor and human resources leader will significantly benefit our clients.”

Nick holds a Bachelor of Business of Administration with a concentration in Human Resources Management from Temple University, as well as the Senior Professional of Human Resources (“SPHR”) certification from the Society of Human Resources Management.

ABOUT KAPLAN PARTNERS
For 25 years, Kaplan Partners has served as strategic human capital advisors specializing in Executive Search, Board Advisory Services, and Management Assessment and Succession Planning for the nation’s leading institutions, including: regional and community banks, asset management firms, private equity and venture capital firms, FinTech firms, mortgage and insurance companies, credit unions, technology companies and high growth organizations. Kaplan Partners employs a holistic approach and proven methodology to find the best solutions in support of evolving client leadership needs. The firm works directly with CEOs, boards, and investors to identify and evaluate leadership potential, leveraging best practices in corporate governance and succession management to ensure its clients’ continued success in today’s demanding markets. Visit here: www.kaplanpartners.com.

 

 

Community Bank System, Inc. Appoints Kerrie D. MacPherson as New Independent Director

November 20, 2019    Syracuse, NY  —  Community Bank System, Inc. (NYSE: CBU) today announced that its Board of Directors has appointed Kerrie D. MacPherson, FCPA, FCA, as a new independent director. Ms. MacPherson previously served as a senior partner of Ernst & Young, LLP (“EY”) where she started as an auditor and served in leadership roles in transaction advisory services in EY’s New York office, working with clients across a broad array of industries over 32 years and developing extensive experience in the financial services sector.

Ms. MacPherson’s appointment expands the Company’s Board to 12 Directors, 11 of whom are independent. Ms. MacPherson was also appointed to the Board of Directors of Community Bank, N.A., the Company’s wholly-owned banking subsidiary. The Board has determined that Ms. MacPherson is a qualified financial expert and will serve on the Board’s Audit and Compliance Committee and the Risk Committee.

“We are pleased to welcome Kerrie MacPherson as a new independent director to the Board of Directors of Community Bank System, Inc. and Community Bank, N.A.,” said Sally A. Steele, Chair of the Board of Directors. “Kerrie’s expertise in audit, banking, financial advisory services, sales, marketing, and mergers and acquisitions will be an asset to the Board and we are confident that she will provide a valuable perspective to our discussions. Her appointment reflects a thoughtful and deliberate process to refresh our Board as we seek to ensure that we have an appropriate level of expertise, background, and perspective to provide effective governance oversight of the Company and its subsidiaries.”

Mark Tryniski, President and Chief Executive Officer, stated “We’re thrilled to be adding Kerrie to our Board of Directors. She brings tremendous financial industry experience to our boardroom and, together with her transaction expertise, will be of great value to our efforts to continue delivering exceptional returns to our shareholders.”

Ms. MacPherson joined EY in 1986 as an auditor in their Toronto office and first moved to their New York office in 1992 where she worked on a national financial services team focused on regulatory developments. Over her career, she served in various leadership roles in mergers and acquisitions, advisory services, and marketing where she developed extensive experience with banking and financial advisory services. In 2002, she joined the Americas Financial Services Office of EY where she focused on due diligence and post-merger integration services in the financial services sector. Her advisory role continued with evolving leadership and oversight roles, and she served as Global Client Service Partner to several of the firm’s largest global accounts including clients in the financial services sector, until her retirement from EY in 2018. In 2017, Ms. MacPherson was selected as a Fellow of the Chartered Professional Accountants of Ontario, the highest distinction conferred by the organization. She also received Consulting Magazine’s Women in Leaders in Consulting, 2015 Excellence in Leadership Award, and the National Association for Female Executives’ 2014 Corporate Women’s Champion Award.

Ms. MacPherson serves on the Board of Directors of New York City Harvest, a non-profit focused on feeding the hungry in New York City. She also serves as Co-Chair of City Harvest’s Governance Committee and as a member of its Executive Committee and formerly chaired the Audit Committee. She is a graduate of the University of Toronto with a Bachelors of Commerce (Honours) and Master of Business Administration (Rotman School), and currently serves on the Dean’s Advisory Board and Global Advancement Board for the Rotman School.

About Community Bank System, Inc.

Community Bank System, Inc. operates over 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of approximately $11.5 billion, the DeWitt, N.Y. headquartered company is among the country’s 150 largest financial institutions. In addition to a full range of retail, business, and municipal banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its Community Bank Wealth Management Group and OneGroup NY, Inc. operating subsidiaries. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, collective investment fund administration and actuarial consulting services to customers on a national scale. Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

 

United Bankers Names New CEO

August 14, 2019 Bloomington, MN Dwight R. Larsen, with more than 30-plus years of experience in bank management, regulatory affairs and education, will become the new CEO and President of United Bankers’ Bank (UBB) and its holding company, United Bankers’ Bancorporation, Inc. (UBBI), according to an announcement by the bank’s Board of Directors.

“Dwight is an outstanding fit for UBB’s culture of product excellence and customer service – not only for the UBB we see today but also for where we believe the bank must go to meet the challenges of tomorrow,” said Bryan Grove, Chairman of the UBB Board and President of American State Bank in Grygla, Minn. “He has built his career on the highest levels of integrity, an openness to new ideas and opportunity for others, and outstanding communication skills.”

Larsen, 56, will be the third president to take the helm at UBB since it was founded in 1975 as the nation’s first bankers’ bank providing correspondent services exclusively to independent community banks. The appointment culminates an extensive national search to replace William Rosacker, who retired in April after leading UBB for 34 years.

“This is an incredible honor and exciting opportunity for me to lead the finest correspondent banking team in the nation,” Larsen said. “Right from its inception as America’s first bankers’ bank, UBB has led the way with so many product, service and technology innovations. Not only do I intend to continue that tradition,” Larsen said, “my goal is to take UBB even further and become the nation’s premier bankers’ bank.”

Larsen is already a familiar name and face to many in the banking community.
He held several positions at UBB from 2000 to 2016, including roles overseeing compliance services, trust services, HR consulting services and the stock valuation services of BankValue Advisory Services. Under Larsen’s direction, BankValue expanded its bank stock valuations, market analysis, and merger and acquisition consulting service to customers throughout UBB’s 15-state market area. Dwight was also the chair of UBB’s Asset Liability Management and Enterprise Risk Management committees.

From 1986 to 2000, and again for the past two years, Larsen has served as a national bank examiner with the Office of the Comptroller of the Currency (OCC). There he built extensive knowledge in risk management and effective corporate governance, working with banks of every size and with every level of management and operations.

Students and faculty of the Graduate School of Banking at the University of Wisconsin – Madison also know Larsen as a faculty member since 1998. In addition to teaching, Larsen is a member of the Curriculum Advisory Committee and a former faculty representative to the Board of Trustees.

Larsen will dedicate his first 30 days on the job, which officially starts on Monday, Aug. 26, to “listening, listening and listening again,” he said, “including a series of meetings with staff and executive leadership at UBB, our Board of Directors, our customers and community bank leadership.

“I’m following a tremendous legacy in Bill Rosacker,” Larsen added. “He and an exceptional group of talented and dedicated people have made UBB what it is today. The bank is in excellent financial condition, offers a wide range of products and services, and serves customers across a broad swath of the U.S., stretching from the West Coast to the Great Lakes. I look forward to being part of the next great chapter in the success story of UBB and the community banks we serve,” he concluded.

Northwest Bank Names Head of Commercial Banking

August 7, 2019 Warren, PA — Mark T. Reitzes has been named Executive Vice President and Head of Commercial Banking for Northwest Bank, according to Ronald J. Seiffert, Northwest Chairman, President and CEO. In his new role, Mr. Reitzes will develop and execute Northwest’s commercial banking strategy, including a comprehensive and consistent sales delivery model across the bank’s footprint, as well as new commercial products and services.

During his 36-year career, Mr. Reitzes has gained extensive knowledge and experience serving in various roles in commercial and retail banking, including Commercial Banking Division Head and, subsequently, Regional President, for Huntington National Bank’s Southern Ohio/Kentucky Region. Mr. Reitzes also served as President and CEO of Cheviot Savings Bank, a $575 million community bank in Cincinnati. His background also includes supervisory regulatory experience with The Office of Thrift Supervision (OTS) and with the Cincinnati office of KPMG as a CPA in the Financial Institutions practice.

Mr. Reitzes has also provided expert testimony before the United States Congressional House Banking Committee and was recognized as an EY Leading Financial Executive, Cincinnati Magazine’s Power 100 and Cincinnati Magazine’s Leading Influencer of Greater Cincinnati.

In making the announcement, Mr. Seiffert said, “Mr. Reitzes is an experienced banker with an extensive commercial background. He will add a tremendous amount of value to our organization and is uniquely qualified to lead our Commercial Banking efforts as we continue to profitably grow and expand.”

Mr. Reitzes is a graduate of the University of Cincinnati and The Ohio State University Fisher College of Business Executive Leadership program. He is a member of the American Institute of CPAs and the Ohio Society of CPAs.

Northwest Bank operates 172 full-service offices and ten 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.