8-K
FIRST KEYSTONE CORP (FKYS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 6, 2021
| <br><br> |
|---|
| First Keystone Corporation |
| (Exact name of Registrant as specified in its charter) |
| | | |||
|---|---|---|---|---|
| Pennsylvania | **** | 000-21344 | **** | 23-2249083 |
| (State or other | | (Commission | | (IRS Employer |
| jurisdiction of | | File Number) | | Identification No.) |
| incorporation) | | |
| | ||
|---|---|---|
| 111 West Front Street , Berwick , Pennsylvania **** | **** | 18603 **** |
| (Address of principal executive offices) | | (Zip Code) |
| |
|---|
| ( 570 ) 752-3671 |
| (Registrant's telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Securities registered pursuant to Section 12(b) of the Act:
| Title of class | Symbol | Name of exchange on which registered |
|---|---|---|
| Common Stock | FKYS | OTC: Pink |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
CURRENT REPORT ON FORM 8-K
ITEM 5.07 **** Submission of Matters to a Vote of Security Holders
On May 6, 2021, First Keystone Corporation (the “Corporation”) held a Virtual Annual Meeting of Shareholders. A total of 5,883,670 shares of the Corporation’s common stock were entitled to vote as of March 12, 2021, the record date for the Annual Meeting. There were 4,344,458 shares present in person or by proxy at the Annual Meeting, at which the shareholders were asked to vote on two proposals. Set forth below are the matters acted upon by the shareholders at the Virtual Annual Meeting, and the final voting results of each such proposal.
Proposal No. 1 – Election of Class A Directors
The shareholders voted to elect three (3) Class A Directors to serve for a term of three (3) years and until their successor is elected and qualified. The results of the vote were as follows:
| Name | **** | For | **** | Withheld | **** | Broker Non-Votes |
|---|---|---|---|---|---|---|
| Michael L. Jezewski | | 3,225,118 | | 118,721 | | 1,000,619 |
| William E. Rinehart | | 3,264,293 | | 79,546 | | 1,000,619 |
| David R. Saracino | | 3,221,220 | | 122,619 | | 1,000,619 |
Proposal No. 2 – Ratification of the Selection of Independent Registered Public Accounting Firm for Fiscal Year 2021
The shareholders voted to ratify the selection of Baker Tilly US, LLP as the Corporation’s independent registered public accounting firm for the fiscal year 2021. The results of the vote were as follows:
| For | **** | Against | **** | Abstain | **** | Broker Non-Votes |
|---|---|---|---|---|---|---|
| 4,318,198 | | 11,374 | | 14,886 | | 0 |
ITEM 7.01 **** Regulation FD Disclosure
On May 6, 2021, members of management gave presentations at the Annual Meeting. A copy of these slides and related material is included in this report as Exhibit 99.1 and is furnished herewith.
ITEM 9.01 **** Financial Statements and Exhibits
(d) Exhibits.
| Exhibit Number | Description | |
|---|---|---|
| | | |
| 99.1 | | Annual Meeting Presentation Slides |
| 99.2 | | Press release dated May 12, 2021 |
| 104 | | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
| FIRST KEYSTONE CORPORATION | |
|---|---|
| (Registrant) | |
| Dated: May 12, 2021 | /s/ Elaine A. Woodland |
| | Elaine A. Woodland |
| | President & Chief Executive Officer |
Exhibit 99.1
| Annual Shareholders’ Meeting<br>May 6, 2021 | |
|---|---|
| ANNUAL MEETING OF SHAREHOLDERS<br>I. Introduction – Robert A. Bull, Chairman<br>II. Call to Order<br>III. Welcome<br>IV. Ascertain Presence of a Quorum – David R. Saracino, Secretary<br>V. Proposal No. 1 – Election of Directors<br>VI. Proposal No. 2 – Ratification of Independent Auditors<br>VII. Management Presentations<br>I. Diane Rosler<br>II. Elaine Woodland<br>VIII. Questions<br>IX. Results of Voting<br>X. Closing Comment/Adjournment | |
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| Introduction<br> COVID-19, and the resulting guidance for Social Distancing, has created the necessity of holding our second<br>Virtual Annual Shareholders Meeting. We appreciate your understanding of the required change and we<br>miss being with you in person.<br> Due to this change, our presentation today will be an abbreviated version of what had been “normal.“<br>There will be a shortened presentation on our results for 2020 & 1st quarter 2021 made by our CFO, Diane<br>Rosler.<br> Our President and CEO's presentation will address COVID-19 actions we have taken to protect our<br>customers and employees and will address our plans for the future.<br> We WILL conduct the normal business portion of the meeting.<br> To supplement today's annual meeting, we will release a more detailed presentation of today's meeting as<br>part of the investor presentation on Form 8-K.<br> Unlike our typical previous Annual Meetings, we will not be spending much time focusing on the past. You<br>may find our results for 2020 in our 10-K filing and 1st Quarter 2021 in our 10-Q filing. These documents<br>provide very detailed information. | |
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| First Keystone Corporation Board of Directors | |
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| First Keystone Corporation Director Emeriti | |
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| Diane C.A. Rosler<br>Senior Vice President, Chief Financial Officer<br>This presentation contains certain forward-looking statements,<br>which are included pursuant to the “safe harbor” provisions of<br>the Private Securities Litigation Reform Act of 1995, and reflect<br>management’s beliefs and expectations based on information<br>currently available. These forward-looking statements are<br>inherently subject to significant risks and uncertainties, including<br>changes in general economic and financial market conditions, the<br>Corporation’s ability to effectively carry out its business plans and<br>changes in regulatory or legislative requirements. Other factors<br>that could cause or contribute to such differences are changes in<br>competitive conditions, and pending or threatened litigation.<br>Although management believes the expectations reflected in such<br>forward-looking statements are reasonable, actual results may<br>differ materially. | |
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| $200,000<br> $250,000<br> $300,000<br> $350,000<br> $400,000<br> $450,000<br> $500,000<br> $550,000<br> $600,000<br> $650,000<br> $700,000<br>2016 2017 2018 2019 2020<br>$518,145<br>$536,054<br>$584,960<br>$621,598<br>$684,132<br>$389,176 $388,488<br>$341,826<br>$306,810 $312,537<br> Loans Investments<br>Average Loan and Investment Balances<br>(amounts in thousands) | |
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| 2.50%<br>3.00%<br>3.50%<br>4.00%<br>4.50%<br>5.00%<br>2016 2017 2018 2019 2020<br>4.33% 4.30%<br>4.49%<br>4.78%<br>4.63%<br>2.97%<br>3.11%<br>3.47% 3.45%<br>3.05%<br> Loan Yields Investment Yields<br>Loan and Investment Yields<br>(tax equivalent) | |
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| $-<br> $100,000<br> $200,000<br> $300,000<br> $400,000<br> $500,000<br> $600,000<br>2016 2017 2018 2019 2020<br>$609,219 $607,222 $596,401 $583,740<br>$658,889<br>$139,402 $154,892 $165,341 $157,379<br>$95,791<br> Average Interest Bearing Deposits Average Borrowings<br>Average Interest-Bearing Deposits and Borrowings<br>(amounts in thousands) | |
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| 0.00%<br>0.50%<br>1.00%<br>1.50%<br>2.00%<br>2.50%<br>2016 2017 2018 2019 2020<br>0.56%<br>0.70%<br>0.87%<br>1.14%<br>0.75%<br>1.33%<br>1.50%<br>2.07%<br>2.28%<br>1.48%<br> Deposits Borrowings<br>Liability Costs | Deposit and Borrowing Costs |
| --- | |
| 2.50%<br>2.60%<br>2.70%<br>2.80%<br>2.90%<br>3.00%<br>3.10%<br>3.20%<br>3.30%<br>3.40%<br>3.50%<br>2016 2017 2018 2019 2020<br>3.03%<br>2.93%<br>2.98% 2.95%<br>3.25%<br>3.16%<br>3.09%<br>3.18%<br>3.23%<br>3.46%<br> Net Interest Spread Net Interest Margin<br>Net Interest Spread and Net Interest Margin<br>(tax equivalent) | |
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| $(2,000)<br> $-<br> $2,000<br> $4,000<br> $6,000<br> $8,000<br> $10,000<br> $12,000<br>2016 2017 2018 2019 2020<br>$9,472<br>$8,648<br>$9,211<br>$10,227<br>$11,837<br>$1,845 $1,455<br>$459<br>$1,114 $1,577<br>$1,764<br>$938<br>$(65)<br>$911<br>$(58)<br> Net Income After Taxes Tax Expense Net Securities Gain/Loss<br>Net Income After Taxes, Tax Expense & Net Securities Gains/(Losses)<br>(amounts in thousands) | |
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| 3 Months Ended<br>March 31, 2021<br>3 Months Ended<br>March 31, 2020 % Change<br>Net Interest Income 8,970 $ 7,376 $ 21.6%<br>Plus Non-Interest Income* 1,875 983 90.7%<br>Equals Operating Revenue 10,845 8,359 29.7%<br>Less Loan Loss Provision 135 194 -30.4%<br>Less Non-Interest Expense 6,197 5,915 4.8%<br>Equals Pre-Tax Income 4,513 2,250 100.6%<br>Less Income Tax Expense 635 197 222.3%<br>Equals Net Income 3,878 $ 2,053 $ 88.9%<br>Earnings Per Share 0.66 $ 0.35 $ 88.6%<br>Return on Assets 1.30% 0.81% 60.5%<br>Return on Equity 11.60% 6.21% 86.8%<br>Income Statement<br>(amounts in thousands, except per share data)<br>*Includes $538,000 of recognized losses on the holding company's equity securities portfolio for the<br>mark to market adjustment for the prior year quarter. These are not realized losses due to sales of the<br>stocks.<br>Unaudited | |
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| March 31, 2021 March 31, 2020 % Change<br>Cash & Cash Equivalents 37,141 $ 9,045 $ 310.6%<br>Securites & Restricted Stocks 391,583 291,797 34.2%<br>Net Loans 714,942 654,437 9.2%<br>Premises & Equipment, Net 18,454 19,244 -4.1%<br>Other Assets 53,401 52,684 1.4%<br>Total Assets 1,215,521 $ 1,027,207 $ 18.3%<br>Non-Interest Bearing Deposits 226,581 $ 153,029 $ 48.1%<br>Interest-Bearing Deposits 751,276 581,768 29.1%<br>Total Deposits 977,857 734,797 33.1%<br>Borrowings 62,423 156,379 -60.1%<br>Subordinated Debentures 25,000 - 100.0%<br>Other Liabilities 7,308 5,881 24.3%<br>Stockholders' Equity 142,933 130,150 9.8%<br>Liabilities and Stockholders' Equity 1,215,521 $ 1,027,207 $ 18.3%<br>Balance Sheet (amounts in thousands)<br>Unaudited | |
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| FKC’s Franchise Value<br> History of solid investor returns<br> Dividend Yield of 5.25% at 12/31/2020 & 4.40% at 3/31/2021<br> Historically strong capital position<br> Investor-focused dividend policy<br> Consistent financial performance<br> Efficiency Ratio of 60.11% at 12/31/2020 & 55.40% at 3/31/2021<br> Community banking strategy<br> Economic diversity in the markets we serve<br> Strong experienced management team and over 200 dedicated employees<br> Our shareholders | |
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| Elaine A. Woodland<br>This presentation contains certain forward-looking statements,<br>which are included pursuant to the “safe harbor” provisions of<br>the Private Securities Litigation Reform Act of 1995, and reflect<br>management’s beliefs and expectations based on information<br>currently available. These forward-looking statements are<br>inherently subject to significant risks and uncertainties, including<br>changes in general economic and financial market conditions, the<br>Corporation’s ability to effectively carry out its business plans and<br>changes in regulatory or legislative requirements. Other factors<br>that could cause or contribute to such differences are changes in<br>competitive conditions, and pending or threatened litigation.<br>Although management believes the expectations reflected in such<br>forward-looking statements are reasonable, actual results may<br>differ materially.<br>President and CEO | |
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| Making Connections, Corporate Culture and Commitment<br>First Keystone Community Bank is committed to connecting with our communities, each<br>other, and building a culture that benefits our employees, customers, and shareholders.<br>While we continued our focus in 2020 on meeting the challenges of increasing revenue<br>from core operating functions and reducing expenses, all while improving our day-to-day<br>interactions and increasing productivity, COVID-19 presented its own unique challenges. | |
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| Unique Challenges<br> Prime Lending Rate dropped 1.50% in two decreases: March 4 and March 16,<br>2020<br> March 9, 2020 DOW dropped 2,200 points<br> “Stay at Home” order issued by Governor Wolf on March 23, 2020 | |
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| Overcoming Unique Challenges<br>TEAMWORK<br>BCP Team met regularly to execute our Business Continuity and<br>Pandemic plans while addressing PA Government, PA Department of<br>Health and CDC guidelines, and regulations<br>Elaine A.<br>Woodland<br>Diane<br>Rosler<br>Mark<br>McDonald<br>Jeff<br>Wozniak<br>Jonathan<br>Littlewood<br>Rebecca<br>Hooper<br>Kevin<br>Krieger<br>Kim<br>Heller<br>June<br>George<br>Chris<br>Zlobik<br>President<br>CEO<br>Sr VP<br>CFO<br>Sr VP<br>Chief Credit<br>Officer<br>Sr VP/IT<br>Manager &<br>ISO<br>VP<br>Chief Lending<br>Officer<br>VP<br>Sr Trust<br>Officer<br>VP<br>Compliance<br>& CRA<br>Officer<br>AVP<br>HR Manager<br>VP<br>Branch<br>Administrator<br>VP<br>Deposit Ops<br>Officer | |
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| Name/Title<br>Overall<br>Banking<br>Experience<br>Number of<br>years with<br>First<br>Keystone<br>Community<br>Bank<br>Prior Positions held at First<br>Keystone Community Bank Prior Experience<br>Elaine A. Woodland<br>President and CEO<br>40 years 28 years Teller, CSR, Acctg Clerk, Commercial Loan<br>Officer, Director of Lending, COO<br>Credit Analyst, Credit Dept Manager, Commercial<br>Lender<br>Diane C.A. Rosler<br>Sr VP, CFO, Cashier<br>30 years 30 years Purchasing Agent, Acctg Manager, Primary<br>Financial Officer<br>Has worked her entire career at First Keystone<br>Community Bank<br>Mark J. McDonald<br>Sr VP, Chief Credit<br>Officer<br>35 years 15 ½ years Commercial Services Officer, Credit Admn.<br>Manager<br>Branch Manager, Mortgage Loan Officer, Mortgage<br>Loan Underwriter, Mortgage Loan Dept. Mgr., Credit<br>Analyst, Relationship Mgmt Development Trainee,<br>Underwriting Analyst, Commercial Lender, Loan<br>Workout Officer<br>Jeffrey T. Wozniak<br>Sr VP, IT Manager and<br>Info Security Officer<br>19 years 19 years It Specialist, Network Specialist, Network<br>Admin., IT Manager<br>Has worked his entire career at First Keystone<br>Community Bank. Navy veteran.<br>Jonathan Littlewood<br>VP, Chief Lending Officer<br>18 years 13 years Business Deposit Specialist, Commercial<br>Loan Officer<br>Worked for M&T for 5 years as a CSR<br>Rebecca A. Hooper<br>VP, Sr Trust Officer<br>18 years 18 years Trust Clerk, Trust Admin., Asst Trust Officer,<br>Trust Officer<br>Has worked her entire career at First Keystone<br>Community Bank<br>Kevin Krieger<br>VP, Compliance Officer<br>and CRA Officer<br>42 years Full<br>Time plus 2<br>years Part<br>Time<br>13 years BSA Officer Compliance Consultant, Training Manager, Teller,<br>Teller Supervisor, Bookkeeping Clerk, Proof Clerk,<br>Control Department Clerk, Fed Funds Desk Manager,<br>Branch Manager/Loan Officer, Microfilm Clerk (PT)<br>June George<br>VP, Branch Administrator<br>35 years 24 years Consumer Loan Underwriter, Regional<br>Manager (PCB)<br>Mellon Bank, Pocono Community Bank<br>Chris Zlobik<br>VP, Deposit Operations<br>Officer<br>10 years 10 years Computer Applications Analyst, Asst IT<br>Manager<br>Served in the Navy 1992-1994, worked in other<br>industries and started his banking career in Nov 2010 | |
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| Overcoming Unique Challenges<br> Measures put in place to help keep<br>employees and customers safe<br>included:<br> Disinfectant supplies inventoried<br> Common high traffic areas identified<br> Air filters upgraded in all 19 offices<br> Maximum capacity of all buildings<br>calculated and publicly posted on<br>entrance doors<br> Sneeze shields and floor markings<br>installed<br> PA Bankers CEO Peer Exchange<br>conference calls regularly attended.<br>Industry experts in attendance<br>included:<br> PA Dept. of Banking and Securities<br> Federal Reserve<br> U.S. Sec. of Treasury<br> FDIC<br> Small Business Administration<br> Federal Home Loan Bank | |
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| Covid-19 Customer Initiatives<br> Marketing and Social Media initiatives were implemented to provide customer<br>updates and education<br> Provided fraud and scams education via social media<br> Launched Chat Box on our Website to enable customers to ask questions and<br>receive immediate responses<br> Increased Mobile Remote Deposit Limits and waived Telephone Transfer Fees<br> Waived early close-out fee for Christmas Clubs | |
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| Covid-19 Customer Initiatives<br> Waived early withdrawal penalties for CDs<br> Provided uninterrupted customer service through drive-thru, ATMs, and night<br>deposit as well as Online Banking, Mobile, and Telephone Banking<br> In-person customer service provided on an appointment basis<br> Processed and obtained approval for 492 loans through the SBA Paycheck<br>Protection Program (“PPP”) for $32,078,000 through Dec 31, 2020<br> All offices fully reopened October 2020 | |
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| Covid-19 Employee Impact<br> Managers reviewed personnel, split and divided staff for employee and Bank<br>safety and security<br> Work from home alternative made available for employees - following Gov. Wolf<br>and Dept. of Health guidance<br> Provided a Telecommuting agreement for all employees working from home and<br>travel letter for all employees<br> Encryption and Data Loss prevention controls maintained<br> Strictly adhered to PA Dept of Health Guidelines, FMLA, and HIPAA<br> Focus on Morale –“Denim Days”, Business Casual, and Employee Appreciation<br>initiatives | |
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| Awards and Recognition<br>The PA Bankers<br>Association awarded<br>three of our team<br>members with the<br>“Highlighting Young<br>Professionals’<br>Excellence” award in<br>three different categories. | |
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| Awards and Recognition<br>PPP Award of Excellence<br>honoring<br>First Keystone Community Bank September 25, 2020<br>OVER 481<br>Loans Approved<br>OVER $25,050,294<br>Reinvested<br>OVER 4,294<br>Jobs Saved<br>The Pennsylvania Association of Community Bankers awarded First Keystone with the PPP Award of<br>Excellence for providing SBA PPP loans to our customers and helping to save jobs in our communities. | |
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| Awards and Recognition<br>Lauren Duane, Assistant Vice President, Business Deposit Specialist, has<br>graduated with honors from the 2020 Pennsylvania Bankers Association<br>(PA Bankers) Advanced School of Banking.<br> PA Bankers Advanced School of Banking is a three-year program<br> Teaches financial services knowledge and skills<br> Paves the road for participants to become leaders at any level within<br>their organization<br> Lauren has served the banking industry for nine years<br> Started as a teller/customer service representative<br> Quickly moved on to Business Deposit Specialist<br> Now oversees the deposit needs of First Keystone’s business customers | |
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| Awards and Recognition<br>The PA Bankers Association<br>awarded Elaine A. Woodland,<br>President and CEO, with the<br>Recognition of Excellence, Patricia<br>A. Husic, Woman of Influence<br>Award. This is awarded to a<br>woman who has achieved success<br>within a leadership role and<br>displays courage, values and ethics<br>as well as undeniable enthusiasm<br>for the industry, her institution and<br>the community. | |
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| Commitment to Community<br>First Keystone Community Bank is YOUR community bank<br> We are passionate about giving generously to the communities we serve, in both<br>corporate and individual employee donations<br> Our employee Denim Days and CONNECT donations in 2020 enabled us to provide<br>$6,500 to local food banks, and an additional $4,200 to various non-profit agencies for a<br>total of $10,700 of our employees’ hard earned money donated to our communities<br> In a time when COVID and all of its ramifications were in the forefront, our employees<br>thought not only of themselves and their families, but others in our communities<br>So proud of our employees! | |
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| Commitment to Community<br>Our Salem Township<br>Community Office<br>participating in the<br>community’s Trunk or<br>Treat. | |
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| Commitment to Community<br>Our Mountainhome<br>Community Office donating<br>to the Mountainhome United<br>Methodist Church Food Bank. | |
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| Commitment to Community<br>Our Main Office displayed in<br>blue lights to participate in the<br>nationwide #LightItBlue<br>campaign in support of our<br>healthcare workers, first<br>responders, and all essential<br>workers who are putting<br>themselves on the front line to<br>serve our communities during<br>the COVID-19 outbreak. | |
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| Commitment to You<br>Looking to the future!<br> For more than 156 years, we have been committed to listening to our customers’ needs<br> That commitment remains true today, and will remain into the future<br> Our role as bankers is more important now than ever as we strive to provide financial<br>access, support and guidance<br> We recently launched our free Financial Review program to help you “Build the Good<br>Life”<br> COVID may have changed your life in many ways<br> We will help you assess your current status and help you develop a plan as you look to<br>the future | |
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| Keys to our Success are expressed in our<br>Mission Statement<br>Our mission is to be the financial provider of choice of a broad selection of quality banking and related financial<br>services, including trust services, to individuals, businesses, and households in the Bank’s service area and<br>thereby deliver superior financial performance and value to our shareholders.<br>We will be a leading community bank that offers high quality service in response to the needs of the consumers<br>within our market area. We focus on strong customer relationships and compete on the basis of value,<br>convenience, and delivery of high quality services. The delivery of these services will be done by skilled, sales-<br>oriented, customer service personnel, supported by a broad-based, experienced organization employing “state-<br>of-the-art” technological resources. First Keystone Community Bank intends to be a good corporate citizen<br>committing its resources (financial and human) for the betterment of the communities we serve.<br>First Keystone Community Bank recognizes and values the contribution of our employees. To them, we pledge<br>to provide the opportunity for a high level of job satisfaction and an equitable exchange for their services. | |
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| Looking to the Future<br>Onward and upward to Building the Good Life! | |
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| Thank you for attending our May 6th, 2021 Annual<br>Shareholders’ Meeting! | |
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Exhibit 99.2
FIRST KEYSTONE CORPORATION HOLDS VIRTUAL ANNUAL MEETING –
ANNOUNCES RE-ELECTIONS AND PROMOTIONS
Berwick, Pennsylvania – May 12, 2021 – First Keystone Corporation (OTC PINK: FKYS), the parent company of First Keystone Community Bank, recently held its 2021 Virtual Annual Meeting of Shareholders. It was announced that Michael L. Jezewski, William E. Rinehart, and David R. Saracino were re-elected as a Class A Directors to serve for a three-year term and until their successors are properly elected and qualified. They will serve on the Board of Directors for First Keystone Corporation, and its subsidiary, First Keystone Community Bank.
First Keystone Community Bank announced the following employee promotions: Jonathan Littlewood, Chief Lending Officer and Christopher Zlobik, Deposit Operations Manager, were promoted to Senior Vice President. Jillian Guenther, BSA Officer/Fraud Manager; Thomas McGrath, Commercial Services Officer II; and Natalie Stackhouse, Accounting Manager, were promoted to Vice President. Martin Leandri, Financial Consultant/Trust Officer and Cindy Thorne, Trust Officer were promoted to Assistant Vice President. Lydia Fatula, Credit Intake/Document Preparation Specialist; Laurel Fidrick, Network Analyst; Karen Henrickson, Electronic/Deposit Processing; Justine Kishbaugh, Loan Operations Specialist; Kathryn McNeal, Mortgage Underwriter; Susan Patterson, Loan Operations Specialist; Jessica Thorne, Accountant I; and Kayla Whitmire, Fraud Analyst, were promoted to Officer.
“First Keystone has recognized these employees for their outstanding service to the Bank and its customers,” stated Elaine A. Woodland, President and Chief Executive Officer.
First Keystone Community Bank is an independently owned community bank since 1864 and presently operates branches in Columbia (5), Luzerne (8), Montour (1), and Monroe (4) counties and a loan production office in Northampton county. First Keystone Community Bank provides innovative business and personal banking products that focus on “Yesterday’s Traditions. Tomorrow’s Vision.”
Inquiries regarding the purchase of the Corporation’s stock may be made through the following brokers: RBC Wealth Management, 800-223-4207; Janney Montgomery Scott, Inc., 800-526-6397; Boenning & Scattergood, Inc., 800-883-1212; and Stifel Nicolaus & Co. Inc., 800-679-5446.
For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.