ACNB Corporation Announces CFO Succession Plan

Gettysburg, PA September 23, 2021 — ACNB Corporation (NASDAQ: ACNB), the financial holding company for ACNB Bank and Russell Insurance Group, Inc., announces that David W. Cathell, Executive Vice President/Treasurer & Chief Financial Officer of ACNB Corporation and ACNB Bank, intends to retire from all of his positions with the Corporation and its subsidiaries effective the close of business on May 31, 2022. In addition to Mr. Cathell’s positions with ACNB Corporation and ACNB Bank, he serves as Vice President & Treasurer of Russell Insurance Group, Inc.

Mr. Cathell, age 67, joined the organization in 2005 and was named Chief Financial Officer in 2007. “Mr. Cathell has been with ACNB Corporation for 16 years. During this time, he has committed his professional life to the Corporation as both the Bank and the insurance agency have grown and evolved,” stated James P. Helt, ACNB Corporation and ACNB Bank President & Chief Executive Officer. “His financial institution experience and knowledge have contributed to our successes, including the community bank acquisitions in Maryland in 2017 and 2020. We are sincerely thankful for his dedication and service over these years, and wish him the best as he looks forward to retirement.”

In alignment with the long-term executive management succession plans for ACNB Corporation and ACNB Bank, Kaplan Partners, an executive search and board advisory firm headquartered in suburban Philadelphia, has been retained to initiate a formal comprehensive search to identify a successor for Mr. Cathell’s position as Chief Financial Officer. Mr. Cathell will continue to serve in his positions with ACNB Corporation and its subsidiaries through the search process, as well as will assist during the subsequent transition.

ACNB Corporation, headquartered in Gettysburg, PA, is the $2.7 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 20 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and six community banking offices located in Frederick County and Carroll County, MD, respectively. Russell Insurance Group, Inc., the Corporation’s insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit acnb.com.

Wealth & Asset Management Industry Diversity, Equity and Inclusion Outlook

An AchieveNEXT survey of the wealth and asset management industry reveals a substantial gap between the level of DE&I performance in the industry and leaders’ perceptions of their own enterprises’ progress.

In the survey, conducted in late spring 2021, in conjunction with Kaplan and MMI, more than 60 executives
and advisors in the wealth and asset management industry painted a generally favorable picture of their
firms’ DE&I efforts. For example, most do not believe that a lack of diversity is a barrier to creating a
positive employee experience at their firms, and a large majority say that their firms consistently act to
ensure that all employees feel included and supported.

This confidence is at odds with data on the industry’s record for diversity, equity, and inclusion, which
show that female and minority employees are significantly under-represented in the top ranks. According
to a November 2020 study by the Investment Company Institute and McLagan, women comprise 42%
of the workforce of the asset management industry, but only 25% of senior leadership. Likewise, 31% of
employees are minorities, while just 16% of leadership falls into a minority demographic. While the ICI
study documents progress, as does a similar study of new appointments to directorships in the industry,
it clearly indicates that asset management has a long way to go before it can be said to be diverse,
equitable, and inclusive.

This confidence is at odds with data on the industry’s record for diversity, equity, and inclusion, which
show that female and minority employees are significantly under-represented in the top ranks. According
to a November 2020 study by the Investment Company Institute and McLagan, women comprise 42%
of the workforce of the asset management industry, but only 25% of senior leadership. Likewise, 31% of
employees are minorities, while just 16% of leadership falls into a minority demographic. While the ICI
study documents progress, as does a similar study of new appointments to directorships in the industry,
it clearly indicates that asset management has a long way to go before it can be said to be diverse,
equitable, and inclusive.

The AchieveNEXT study looked closely at what wealth and asset managers say they are doing to create
a supportive, inclusive, and engaging workplace for diverse employees. A sizable majority say they have
solid knowledge of how engaged their employees are. Almost four out of ten (39%) strongly believe they
measure employee engagement accurately, while an additional 33% agree, but not as strongly. Just 10%
have a low opinion of their engagement knowledge.

An even greater number — 89% — assert that their enterprise’s current culture and operations create
a positive employee experience. (Since that number is higher than the number who believe they have
accurate data, one can infer that in some cases this assertion, while it may be true, is unsupported by
documentation.)

<To read the article in its entirety and in its published format, click here https://kaplanpartners.com/wp-content/uploads/2021/08/2021-DEI-Outlook-Brief-Article.pdf>

Alan J. Kaplan is Founder & CEO of Kaplan Partners, a retained executive search

and board advisory firm headquartered in Philadelphia.   You can reach Alan at

610-642-5644 or alan@KaplanPartners.com.

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 www.provident.bank.

The Definition of a Great Board: 2021 Edition

The role of a board member of any organization is constantly evolving. Economic cycles, leadership transitions, market dynamics, competitive changes, governance activists, and even political shifts can impact board composition and best practices in corporate governance seemingly out of the blue. Then add the unexpected challenges of a global pandemic, and the environment changes quickly again.

There are certain constants, however, which have proven useful over time as essential elements of the most successful boards. In defining a great board, we suggest these for your consideration:

G: GOVERNANCE as a defining characteristic of a high-performing board may feel like stating the obvious. Except the board’s role is precisely that — to govern and not manage. The old saying “nose in, fingers out” still rings true today. Boards exist in large part to oversee management on critical issues such as strategy, risk, CEO succession, transactions and to provide sound counsel to the CEO and leadership team. Despite what some directors may still think, the board’s job is to guide and advise management and not run the business.

R: RISK is a critical aspect of appropriate board oversight and has become increasingly more complex over time. The impact of a “black swan” event like we have recently experienced with the global pandemic is a prime example. Boards should be regularly updated on the strategic risks facing the company and must ensure that appropriate procedures for compliance, controls, and reporting are in place and functioning well across the organization

E: ENGAGEMENT as a director is often overlooked. Throughout our firm’s experience advising boards, it is all too common that we encounter directors who are simply not engaged in governing. Often these Directors do not properly prepare for meetings, worry about the time and length of the meeting, and do not partake in constructive conversations. Whether due to overly lengthy board tenure or outdated skills, a lack of consistent engagement may drive consideration for offboarding.

A: ACCOUNTABILITY. Boards in some organizations do not hold management truly accountable for results, which is a crucial element of governing. Such boards at times may find excuses for poor performance or reward management for underperformance or tenure, rather than pushing back to explore why goals may not have been achieved. Sometimes there are legitimate reasons why an organization does not perform (external factors; lack of resources; faulty expectations; global pandemic, etc.). Boards need to make sure that company leaders have what is needed to succeed going forward and then hold them accountable to deliver.

T: TALENT-CENTRIC. Well-governed organizations have boards that are consistently focused on CEO succession and executive talent development. Some firms are so focused on crafting an awesome strategy that they forget about the other side of the coin — the execution of the plan. Talent is the biggest variable in execution, and boards need to make sure that the CEO and leadership team are consistently focused on and held accountable for the attraction, development, and retention of talent above the norm.

B: BROADLY-SKILLED boards are comprised of people with an appropriate mix of relevant talents and experiences to enable proper guidance and provide a variety of useful viewpoints. This skill mix should be both functional (for example, financial, technology, marketing, human resources) as well as industry (reflecting competitive dynamics, customer segments, emerging markets, etc.). Too many directors with similar backgrounds, or a lack of broad and current skills, compromises the value derived from the board table.

O: OPEN-MINDED. Boards benefit from directors who are informed, insightful and inquisitive. In other words, willing to challenge assumptions, consider new ideas and approaches, and are able to think outside the box. A room full of directors with blinders who operate with “group think” or who want to pretend that this is still “the good old days” does not enhance governance or add value.

A: AWARENESS of the dynamics taking place outside the organization is important as well. This may apply to the competitive landscape in your market or industry or knowledge of the external factors which could significantly impact the business. Also included here could be the potential for regulatory impact or strategic transactions — wanted or unwanted — which could quickly reshape the organization. Ongoing director education to remain current and relevant is critical.

R: RESPECTFUL. Oftentimes boards are called upon to make tough calls or push back on management regarding critical issues. These types of messages are never easy but need to be delivered firmly yet respectfully. Boards have an obligation to be courageous in the face of difficult decisions which may arise, including at times whether to allow underperforming directors to continue serving. Respect also needs to extend to the viewpoints of other directors, always, even when disagreeing.

D: DIVERSITY is the order of the day! As has been well documented, boards comprised of leaders with diverse perspectives generally make better decisions. Boards representing a robust variety of backgrounds and life experiences — whether diverse by race, gender, ethnicity or other criteria, are not only appropriate but vital for success in today’s business and social climate. In addition, having diverse role models on the board and at the top of the organization sends a very strong positive message to current and prospective employees.

The willingness to truly govern and tackle the important business challenges are hallmarks of great boards. However, the dynamics of crafting a board with the right blend of skills, relevant experiences, and diverse perspectives remains difficult for many institutions. A thoughtful approach to board composition, recruitment, and succession will enhance both the quality of corporate governance as well as organizational performance.

<To read this article in its published format, click here: https://hometown-banker.thenewslinkgroup.org/the-definition-of-a-great-board-2021-edition/>

Alan J. Kaplan is the Founder & CEO of Kaplan Partners, a retained executive search and board advisory firm headquartered in suburban Philadelphia. You can reach him at 610-642-5644 or alan@KaplanPartners.com..

Kaplan Partners is an Associate Member of the PACB.

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.

To view this article in its entirety and published format, click here <https://kaplanpartners.com/wp-content/uploads/2021/08/2021-DEI-Outlook-Brief-Article.pdf>

The Wenger Group Names New CHRO

Rheems, PA — August 11, 2021 Genise Wade has joined The Wenger Group (TWG) as Vice President & Chief Human Resources Officer, effective August 11, 2021. Genise joins most recently from Herley Industries, a business unit of Ultra Electronics, where she was the Vice President of Human Resources. In this role, Genise was responsible for global multi-site human resources organizational strategy, talent management, company culture and engagement, change management strategies and compensation planning.

Prior to this role, Genise held positions of increasing responsibility as the VP of People and Culture at Turkey Hill Dairy and various roles within human resources at Armstrong Industries. Genise also has prior experience in Operations and Sales throughout her accomplished career. Genise earned a master’s degree in Human Resources Management from the University of Phoenix.

Genise stated “I’m excited to join The Wenger Group and can’t wait to meet the team members and learn more about the organization”. Genise will be working closely with Maureen MacInnis, Interim CHRO, to ensure a smooth transition on the human resources projects and strategies in process. According to Tim Appleby, SVP & Chief Business Officer “I am confident that Genise will be an asset to our organization and continue to drive our HR strategy forward.”

For more information on The Wenger Group please visit www.TheWengerGroup.com.

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.

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

https://www.businesswire.com/news/home/20210728006081/en/

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.