Upload
vuongthuy
View
220
Download
1
Embed Size (px)
Citation preview
PA Bankers120th Anniversary
Thank You,Volunteers
2015 Fall TrainingWrap-Up
222222222222220000000000000011111111111155555555555 FFFFFFFFFFFFFFaaaaaaaaaaaaalllllllllllllllllllllllllll TTTTTTTTTTTTTrrrrrrrrrraaaaaaaaaaaaaaiiiiiiiiiiiiiiiinnnnnnnnnnnnniiiiiiiiiiiiiinnnnnnnnnnnnngggggggggggggggggWWWWWWWWWWWrrrrrrraaaaaaaaaaapppppppppppp------UUUUUUUppppppppp
ThThThThThThThThThThThThThThThaaaaaaaaaaaaaannnnnnnnnnnnnnkkkkkkkkkkkkkkkkkk YYYYYYYYYYYYYYoooooooooooooouuuuuuuuuuuuu,,,,,,,,,VVVVVVVVVooooooooolllllllllllluuuuuuuuuuunnnnnnnnnntttttttttttteeeeeeeeeeeeeeeeeeeeerrrrrrrrrssssssss
PPPPPPPPPPPPPPPAAAAAAAAAAAAAAA BBBBBBBBBBBBBBBBBaaaaaaaaaaaaaannnnnnnnnnnnnnkkkkkkkkkkkkkkkkkkeeeeeeeeeeeeerrrrrrrrrrrrsssssssssssss11111111111222222222222200000000000000ththththththththththththt AAAAAAAAAAAAAAAnnnnnnnnnnnnnnnnnnnnnnnnnnnniiiiiiiiiiiiiivvvvvvvvvvvveeeeeeeeeeeerrrrrrrrrrrsssssssssssssaaaaaaaaaaaaaarrrrrrrrrrrrryyyyyyyyyyyy
PA Bankers120th Anniversary
Thank You,Volunteers
2015 Fall TrainingWrap-Up
November-December 2015 | Volume 17.6
THE OFFICIAL MAGAZINE OF THE PENNSYLVANIA BANKERS ASSOCIATION
pa
Volume 17.6 | November-December 2015 3 pabanker.com
FEATURED ARTICLES
BRINGING TIMELY NEWS AND INFORMATION TO THE MEMBERSHIP OF THE PA BANKERS
12 & 13
PA Bankers 120th Anniversary
Photos from the Past
38 & 39
How to Manage Environmental Issues
Address Correspondence to:
paBanker Magazine
c/o Pennsylvania Bankers Association
3897 North Front Street, Harrisburg, PA 17110
Tel. (717) 255-6915 Fax: (717) 233-1477
E-mail: [email protected]
paBanker Magazine is published six times a year by the
PA Bankers Services Corporation (Services Corporation), a
subsidiary of the Pennsylvania Bankers Association (PA Bankers).
The Association serves Pennsylvania banks and financial
institutions with educational programs, member services and
represents members on the state and federal level. Since 1895,
the PA Bankers continuously worked to be the premier financial
services organization supporting a diversified membership
through volunteer participation, a knowledgeable staff, state of
the art technology and a commitment to excellence.
paBanker Magazine is the official publication of the PA Bankers.
Subscriptions are free to all member institutions and PA Bankers
volunteers. Additional copies are available to members at a rate
of $40 per year. Non-member subscriptions are available for
$60 per year.
Editorial
The opinions expressed in articles by authors other than
Association staff and officers are the responsibility of the authors
only and not necessarily those of the PA Bankers, the Services
Corporation or its members. All articles, unless otherwise noted,
have been written by paBanker Magazine staff. Questions and
comments should be addressed to the Managing Editor. PA
Bankers members may reproduce any non-commercial part
of this publication with verbal permission from the editor. All
others must receive written permission from the editor prior to
reproduction of any part of this publication. Copyright ©2003 PA
Bankers Services Corporation. All Rights Reserved.
Advertising
Contact Account Executive at (717) 232-0144 or
[email protected] for rate information.
Postmaster, send all address changes to:
paBanker Magazine, 3897 North Front Street, Harrisburg, PA 17110
Printed By: Art Communication Systems, Inc.
Sponsored by:
MAGAZINE STAFFManaging Editor
Luke Bernstein
President
Philip E. Fague, CPA
Secretary
George P. Karlheim
Treasurer
J. Duncan Campbell III
Editorial Advisors
J. Duncan Campbell III
Jacqueline A. Catalano
Christine F. Cronkright
Daniel J. Reisteter
Louise A. Rynd
Cynthia L. Wallett
Wayne Whipple
Jeffrey T. Arnold, CPA
John D. Blecher
Scott B. Daum
Michael A. Mooney
David P. Ruddock
Daniel J. Santaniello
Daniel J. Schaffer
M. Theresa Schwartzer
P. Thomas Yoder, Jr.
Mark A. Zody, CPA
PA Bankers Services Corporation
Board of Directors and Officers
PA Bankers Association 4 Volume 17.6 | November-December 2015
Volume 17.6 | November-December 2015 5 pabanker.com
BRINGING TIMELY NEWS AND INFORMATION TO THE MEMBERSHIP OF THE PA BANKERS
SPECIAL FEATURES
IN EVERY ISSUE
9
The Fourth Annual
Economic Forecast Summit
11
PA Bankers
2016 Convention
Save the Date
13
PA Bankers Honors
50-Year Anniversary
of Banking Code
20 & 21
Thank You, Volunteers
24
2015 Fall Group Meetings
& Golf Outings Wrap-Up
6 & 8
Chairman’s Insights
7-8
From the CEO
10 & 11
Ten on Page 10
14-18
Community News
17
Welcome New Members
26 & 27
Fall Training
Wrap-Up
26
2015 Wealth Management
& Trust Conference
Wrap-Up
27
Mid-Atlantic Executive
Cybersecurity Conference
Wrap-Up
29
2016 PA Bankers Schools
Save the Date
30 & 31
Peer Groups Highlights
22
Government Relations
38-40
PA Bankers
Services Corporation
42 & 43
PA Bankers Calendar
42
Index to Advertisers
31
Women in Banking Corner
PA BANKERS STAFF DIRECTORY
General Phone/Switchboard
(717) 255-6900
PRESIDENT &
CHIEF EXECUTIVE OFFICER
J. Duncan Campbell III
(717) 255-6916
EXTERNAL RELATIONS
Senior Vice President,
External Relations,
Luke Bernstein
(717) 255-6911
Director, Marketing &
Communications
Christine F. Cronkright
(717) 255-6915
Director, Government Relations
Erin L. Kanter
(717) 255-6910
Administrative Assistant,
External Relations
Jo Ann Neidert
(717) 255-6937
Vice President,
Government Relations
Daniel J. Reisteter
(717) 255-6933
MEMBER RELATIONS &
PROFESSIONAL DEVELOPMENT
Registrar &
Administrative Assistant
Jill A. Ametrano
(717) 255-6927
Director,
PA Bankers Services Corporation
Julie A. Carr
(717) 255-6914
Vice President, Training
& Meeting Management
Jacqueline A. Catalano
(717) 255-6939
Director, Member Relations
Tiffani A. Chambers
(717) 255-6928
MEMBER RELATIONS &
PROFESSIONAL DEVELOPMENT
ABA Training
Administrative Assistant
Donna L. Price
(717) 255-6926
Member Relations,
Administrative Assistant
Linda A. Scott
(717) 255-6903
Senior Vice President,
Member Relations
& Professional Development
Cynthia L. Wallett
(717) 255-6913
Vice President, Business
Development
Wayne R. Whipple
(717) 255-6925
Director, Residential Schools
& Meeting Operations
Marilyn Wisniewski
(717) 255-6934
OPERATIONS & FINANCE
Vice President,
Finance & Operations
Michelle L. Staton
(717) 255-6923
Director, Information Technology
Connie A. Ferraro
(717) 255-6921
Office Accountant
Annette M. Moshgat
(717) 255-6938
Receptionist
Michelle Bosch
(717) 255-6900
GENERAL COUNSEL
Legal Assistant
Lisa R. Brandt
(717) 255-6936
General Counsel
Louise A. Rynd, Esq.
(717) 255-6935
PA Bankers Association 6 Volume 17.6 | November-December 2015
CHAIRMAN’S INSIGHTS
created strict reserve requirements and provisions for the
issuance of bank notes and examination controls, but also
reinvigorated the economy and banking business.
In July of 1875, bankers from more than 30
states convened in Saratoga, New York for the first
“national” convention, which eventually resulted in the
establishment of the American Bankers Association
(ABA) a year later.
By the time the 1894 ABA Convention rolled around,
Pennsylvania’s delegation had grown significantly
and it was evident that a state association here in the
Commonwealth would be needed to have a greater, more
organized voice on the national level. The Pennsylvania
Bankers Association (PA Bankers) was established
and held its first convention on Dec. 18, 1895 at the
Continental Hotel in Philadelphia, making this year our
120th anniversary.
From the creation of the Pennsylvania Department
of Banking in 1891, to the establishment of the Federal
Reserve in 1913, to the ratification of the Banking Code
in 1965, the banking industry has continually evolved
over the last century.
And while the current examination controls are
dramatically different today than they were in 1895 −
with Dodd, Frank, Sarbanes or Oxley yet to be born;
constant mergers and acquisitions not appearing on the
cover of the daily Allentown Democrat at the time; and the
invention of the Internet nearly 100 years away − it’s not
only interesting, but it’s also appropriate that we look back
for perspective at our industry’s past.
For 120 years, we’ve supported our country and
its citizens through wars, through famine and through
political strife. But at the heart of it all we’ve remained
focused on upholding our professional standards and
serving our communities.
June 17, 1780. It’s wartime in Philadelphia, and the
nation is young and restless.
A man by the name of Robert Morris, a signer of
the Declaration of Independence, convenes a group of
patriots in the City Tavern. A prominent figure, Morris
been trying with several of his fellow merchants to
organize a bank and negotiate for capital in Europe for
more than 15 years.
The finances of his new nation are rocky at best,
and the government does not yet have the powers of
taxation. For several days, Morris and other prominent
businessmen, including Thomas Paine, have been pulling
together a “subscription fund” to help support supplies
for the army. But Charlestown has just fallen to the
British, and the need for more capital is becoming more
apparent each day.
This was how the Pennsylvania Bank, the first bank
to be recognized by the Continental Congress in the new
nation, came into being on June 17. Morris, Paine and
90 others joined together to pledge their support with
subscriptions totaling 350,000 pounds that were then
executed as bonds.
Two years later followed the incorporation of the
Bank of North America, considered the first commercial
bank in the United States. By 1814, Pennsylvania
had four chartered banks and their branches, seven
unchartered banking companies and a relatively new
private bank operated by Stephen Girard in Philadelphia.
With the passage of the Omnibus Act that year, 41 new
banks were authorized in 27 different banking districts,
and the banking industry was off and running.
Later that century, in the height of the American
Civil War’s financial crisis, another major change
occurred in the banking industry. In 1863, the National
Banking Act was enacted and provided war loans through
a national banking system with national currency. It continued on page 8 ‹
Gerry Nau, Chairman & CEO
of Lafayette Ambassador Bank, An Affiliate of Fulton Financial Corporation
PA Bankers: 120 Years Strong
Volume 17.6 | November-December 2015 7 pabanker.com
FROM THE CEO
TO THE CEO
employees and encouraging effective communications to
help meet goals.
Leadership comes in many different forms, but
establishing a results-driven culture is a consistent
attribute of all successful leaders. Whether you are an
officer, a manager or an emerging leader within the bank,
this program is well worth your consideration. Space is
limited to 30 people, so I would encourage you to register
immediately by going to www.pabanker.com.
The second program which has just recently
launched is our Emerging Leaders peer group. Retaining
talent within the banking industry and recruiting the
next generation of bank employees is critical to our
industry sustainability. Who better than our emerging
leaders to serve as ambassadors of the industry,
promoting the merits of a career in banking from their
personal experiences to prospective high-school and
college-level employees? Furthermore, as we watch the
Millennial generation grow into the largest segment of
our population, we need to know how to appeal to them,
how to engage them, and how to win them as customers.
Our emerging leaders will have their fingers on the pulse
of this next generation of customer, and be in position
to guide us as an association and as an industry with
relevant strategies.
Each of the PA Bankers groups will host an emerging
leaders meeting and professional development session
in January. We would encourage your participation
in these meetings and would ask that you bring your
ideas about the industry and how we represent it with
the next generation of banking industry employees.
See the calendar in the back of the magazine for more
information about these sessions. Please also mark your
calendar for March 23-24 for our inaugural Emerging
Leaders conference to be held at the Sheraton Harrisburg-
Hershey. Come network with other emerging leaders
December 31, 2135. As we reflect on 120 years of
Pennsylvania Bankers Association history this month,
and we celebrate our twelve decades of heritage, don’t you
wonder what the future will hold for our association and
our industry?
One-hundred and twenty years from now, what kind
of world will our great-great-great grandchildren have
inherited? How will the U.S. banking system differ from
today? Will credit unions finally be paying taxes?
While I do not profess to know the answers to
these questions, one thing is for certain: we must
start preparing for the future now, by developing and
recruiting the next generation of bank leaders for the
Commonwealth and for the nation.
And while my crystal ball does not make it beyond
2016, I can tell you that as we flip the calendar to next
year, PA Bankers has started implementing a plan which
is intended to address these critical issues of leadership
and next generation banker recruitment through two
very specific programs. I do not believe that the delivery
of these programs is simply optional for PA Bankers;
rather, it is our obligation if we are going to do our job
in preparing for the future of the Pennsylvania banking
industry.
First, let me take a moment to introduce you to the
Pennsylvania Bankers Leadership Institute.
Now, more than ever, it is imperative that we develop
our industry leaders of tomorrow. Recognizing that a
bank’s culture is defined by its leaders’ ability to drive
success through strong communication, engagement and
performance, PA Bankers has developed this ten-day
program (five 2-day sessions over a 12-month period)
for emerging and existing leaders. By examining the
impact that culture plays within an organization, program
participants will hone their leadership skills and thus
improve their bank’s performance by engaging their continued on page 8 ‹
PA Bankers Association 8 Volume 17.6 | November-December 2015
CHAIRMAN’S INSIGHTS
FROM THE CEO TO THE CEO
continued from page 6
continued from page 7
Perhaps the Chairman of the Committee on
Organization of the Pennsylvania Bankers Association,
William H. Rhawn, declared it best when he said:
“An organization of this kind, when
properly conducted, must eventually
prove of great benefit to its members, if
in no other way than in merely bringing
them together from time to time for
acquaintance and the opportunity to
exchange ideas… it must be apparent to
all that the possibilities for good of the
Association just formed are incalculable,
if it shall be properly sustained and
directed; and it would therefore seem
to be the part of wisdom and true
loyalty to the banking fraternity and to
the Keystone State for each and every
banker in it to give to the Pennsylvania
Bankers Association his support and
best efforts towards that full measure of
success which its useful and beneficient
purposes serve.”
As our industry’s founder Robert Morris knew, we
are better together than we are apart. The actions of a few
can have an impact on the many. This is the ideal that
carries us forward.
Today’s association is comprised of a vibrant
membership of 145 banks and holding companies and
what I believe is the best and most active membership of
any association of its kind in the country. More than 40
PA Bankers’ committees, run by more than 300 volunteer
bankers, provide networking opportunities, determine
training needs, drive policy and advocate for issues
within all levels of government. These volunteers serve
as our visionaries, planning for our industry’s future by
cultivating the next generation of leaders that will chart a
successful course for the next 120 years.
That’s why it’s fitting that this edition of paBanker
magazine not only focuses on the 120th anniversary
of the association, but on the people who sustain our
organization. On behalf of the association, we extend our
deepest gratitude to our volunteers for their continued
dedication. For everyone we mention in this edition, and
anyone we may have unintentionally excluded, know that
you play an important role in our collective history.
As an association, we’ve maintained a proud tradition of
banking firsts in Pennsylvania. Together, I am confident
we will continue to pave the roads of history as we
innovate to become the banks of tomorrow.
SOURCES:
Daniels, Belden L. Pennsylvania Birthplace of Banking in
America. Harrisburg: Pennsylvania Bankers Association, 1976.
Print.
“National Bank Act of 1863.” Gale Encyclopedia of U.S.
Economic History. 2000. Encyclopedia.com. 18 Nov. 2015
<http://www.encyclopedia.com>.
development opportunities and schools, government
relations and advocacy, and member services.
Our people are, and will always be, our greatest
resource. We have a proud 120-year history as the
Pennsylvania Bankers Association. I can only imagine,
and be hopeful for what the next 120 years will bring.
Duncan Campbell
President & CEO
and hear from successful individuals who have used their
leadership training to make a difference in the lives of
others.
The future, as they say, is upon us. What we do in
2016 will ultimately lead to who we are in 2135. I’m here
to tell you that your association stands ready to lead:
with leadership training for tomorrow’s bank leaders;
through retaining and recruiting the next generation of
bank employees through our emerging leaders peer group
and through continuing to offer top-notch professional
Volume 17.6 | November-December 2015 9 pabanker.com
Agenda8:15 a.m. Registration—Continental Breakfast
8:45 a.m. Welcome and Opening Comments– Gene Barr, President and CEO, Pennsylvania Chamber of Business and Industry– Duncan Campbell, President, Chief Executive Officer & Treasurer, Pennsylvania Bankers
Association
9 a.m. Economic Forecast—Pennsylvania Perspective– The Honorable Tom Wolf, Governor of Pennsylvania (invited)• Overview of the economic challenges currently facing Pennsylvania businesses.• Anticipated economic activity that may be occurring in Pennsylvania over the next few years.
9:30 a.m. How the Economy Has Influenced Elections throughout American History – Dr. G. Terry Madonna, Director, Center for Politics and Public Affairs; Director, Franklin and
Marshall College Poll; Professor of Public Affairs, Franklin and Marshall College • In almost every presidential election in American history, and for leading elections in Pennsylvania and many
other states, the economy has consistently been a major platform issue for candidates.• How the issue of the economy has impacted candidates running for office, and influenced the ultimate
outcomes.
10:30 a.m. Refreshment Break
10:45 a.m. Cyber Security for the C-Suite and Your Board of Directors– Ronald E. Plesco, Jr., Esq., Principal and National Lead, Cyber Investigations, Intelligence and
Analytics Practice, KPMG• We all have seen the high profile cyber security attacks—companies hit by criminals stealing customer and
employee information, financial records and trade secrets. Boards of directors and stockholders are asking top executives: what are you doing to protect the company; how safe is our information? Presidents, CEOsand CFOs must be able to answer intelligently and meaningfully with clear explanations that set realistic goals:o Update on the current threats in the cyber landscape from a top nationally recognized cyber security
investigator. o Every organization will have risks that they must accept—cyber security is on a spectrum, and each
executive needs to be able to explain their rationale, that they have recognized the challenges and are responding realistically.
o The indicators that CEOs and CFOs need to be aware of that show a company may be at risk or in trouble with their cyber security.
Noon Luncheon
8:15 a.m. to 2:15 p.m. Tuesday, Feb. 23, 2016
Sheraton Harrisburg-Hershey, Harrisburg, PA
The Pennsylvania Chamber Educational Foundationand the Pennsylvania Bankers Association
present
The Fourth Annual Economic Forecast Summit
1 p.m. Understanding the World’s Largest Economy and Tomorrow’s New Future– Dr. Lowell Catlett, Regents Professor in Agricultural Economics and Agricultural Business and
Extension Economics; Dean and Chief Administrative Officer, College of Agricultural, Consumer and Environmental Sciences, New Mexico State University
• Dr. Lowell Catlett is an exciting futurist whose knowledge of technologies and their implications on the waywe will live and work in the future is addressed in his varied and upbeat presentation. Dr. Catlett will discuss how the U.S. economy emerged from its worst recession since 1938 to become the world’s first $15 trillion economy in 2010. It did so because U.S. businesses increased productivity faster than any period before while having the highest profits and largest cash reserves ever recorded. The U.S. is now poised to set the pace for new business activity globally as it became, in 2012, the world’s first $16 trillion economy. Manufacturing and construction industries will boom as new technologies change living and working spaces. These new technologies will also create growth in healthcare and agriculture as the demand for new lifestyles expands worldwide. Get ready for phenomenal growth as technology, demographics and new consumer expectations drive new business starts and the reformulation of current businesses.
2 p.m. Final Questions and Closing Remarks– Gene Barr, President and CEO, Pennsylvania Chamber of Business and Industry– Duncan Campbell, President, Chief Executive Officer & Treasurer, Pennsylvania Bankers
Association
2:15 p.m. Adjourn
CLE CreditsThis program has been approved by the PA Continuing Legal Education Board for 3 hours of substantive law,practice and procedure CLE credit and 0 hours of ethics, professionalism or substance abuse CLE credit. Attorneysare required to sign in at the registration desk.
CPE Credits CPE Credits: 3Program Sponsor PX177225Prerequisites: NoneLevel: ManagementObjective: To provide practical information on how companies can better prepare and manage costs by understandingleading economic forecast indicators.
Interested in Sponsoring?For sponsorship information, please contact Laurel Belding at [email protected] or Ashley Mostek at [email protected]
Dr. Lowell CatlettRegents Professor in AgriculturalEconomics and AgriculturalBusiness and ExtensionEconomics; Dean and ChiefAdministrative Officer, College ofAgricultural, Consumer andEnvironmental Sciences, NewMexico State University
Dr. G. Terry MadonnaDirector, Center for Politics andPublic Affairs; Director, Franklinand Marshall College Poll;Professor of Public Affairs,Franklin and Marshall College
Ronald E. Plesco, Jr., Esq.Principal and National Lead, CyberInvestigations, Intelligence andAnalytics Practice, KPMG
Gov. Tom Wolf (Invited)Governor of Pennsylvania
PA Bankers Association 10 Volume 17.6 | November-December 2015
1. NEW! Pennsylvania Bankers Leadership Institute:
Leadership is a central objective for PA Bankers.
Beyond the peer group engagement of the Emerging
Leaders effort, the association has developed
a leadership training opportunity focused on
establishing and sustaining good culture within
the organization through effective employee
communications, engagement and performance.
The Pennsylvania Bankers Leadership Institute
begins Feb. 10-11 and will consist of five 2-day
sessions over a 12-month period. Space is limited
to 30 participants, so register now! For more
information, visit www.pabanker.com.
2. NEW! Emerging Leaders Conference:
With our new Emerging Leaders peer group in
place, we’ll be kicking off the new year with an
opportunity to engage the next generation of
bankers in a series of regional meetings in January
that will provide CEOs with ideas to support and
invest in their emerging leaders, while educating
participants on how to make the most of coaching
and mentoring programs. These sessions will also
secure feedback to help the association address the
needs and requirements of emerging leaders to grow
personally and professionally. Then…. save the date
of March 24 for the First Annual Emerging Leaders
Conference at the Sheraton Harrisburg/Hershey.
An optional networking reception will be hosted on
March 23 for early arrivals.
3. 2016 Economic Forecast Summit:
PA Bankers is once again partnering with the
Pennsylvania Chamber Educational Foundation
to present the 2016 Economic Forecast Summit.
This year’s speakers include Dr. Lowell Catt, Dr.
Terry Madonna and Ron Plesco, with special
invited guest, Governor Tom Wolf. Sessions will
focus on the economic influence on elections, the
state of Pennsylvania’s economy, cybersecurity, and
understanding the world’s economy from a futurist’s
perspective. Register now at www.pabanker.com.
4. 2016 Annual Convention:
Grab your sunglasses, and join us in Bermuda on
May 11-14 for PA Bankers’ annual convention! If
you plan to attend, you will be required to register
for the conference first at www.pabanker.com to
receive the discounted room rate. Please make
certain you have a valid passport that does not
expire before Nov. 1, 2016. Stay tuned for more
details!
5. Grassroots Advocacy:
2016 is an election year, so it is more important
than ever for member institutions to carry a strong
voice and message to our state legislators and U.S.
Congressional delegation. Consider joining our
Contact Bankers program in 2016 to help strengthen
our grassroots advocacy efforts.
TEN ON PAGE 10
10 Things the Pennsylvania Bankers Association Will Be Doing in 2016 (And You Should Be Doing, Too!)
As we look forward to next year, we thought we would take an opportunity in this edition’s 10 on 10 to provide a sneak peek into just a few things that are in store from the Pennsylvania Bankers Association in 2016:
Volume 17.6 | November-December 2015 11 pabanker.com
6. Donating to PaBPAC:
Equally as important as volunteering time to
the Contact Bankers program (if not more!)
is donating to PaBPAC. If you do not have a
local PaBPAC coordinator at your bank, please
contact Erin Kanter ([email protected];
717-255-6910) to learn more about how you can
participate in 2016.
7. Expanding our Retired Bankers Program:
This year, we are asking all HR professionals to
include information about the PA Bankers Retired
Bankers Program in their retiree exit packets. If you
know of a Retired Banker who might be interested
in joining the program in 2016, contact
Tiffani Chambers ([email protected];
717-255-6928) for more information.
8. More Opportunities for Women in Banking:
Our Women in Banking peer groups are growing
and continue to offer great opportunities for
networking and professional development on the
regional level, as well as through our Women in
Banking Conference, which will be held on March
7. (An optional networking reception will be
hosted the evening of the 6th for early arrivals!)
Join these outstanding women in 2016! Contact
Tiffani Chambers ([email protected];
717-255-6928) for more information on how you
can get involved.
9. Growing our Social Media Footprint:
PA Bankers will continue to grow its social media
footprint on Twitter, LinkedIn and Facebook. Join us
in 2016 by “liking”, “sharing” or “tagging” us on any
of these social media platforms.
10. Going “Back to School”:
PA Bankers will once again be hosting our 2016
School series. Join us for Advanced School of
Commercial Lending (April 26-27), School of
Commercial Lending (June 12-15), School of
Banking (June 12-15), Advanced School of Banking
(July 24-29), School of Compliance (Aug. 22-25) or
Consumer Lending School (Oct. 5-7).
PA Bankers Association 12 Volume 17.6 | November-December 2015
Volume 17.6 | November-December 2015 13 pabanker.com
PA BANKERS HONORS 50-YEAR
ANNIVERSARY OF BANKING CODE
The Pennsylvania Bankers Association (PA
Bankers) celebrated the 50th anniversary of the
Banking Code of 1965 on Nov. 30.
“The enactment of Pennsylvania’s banking code
provided the framework for the commonwealth’s
modern banking environment as we know it today,”
PA Bankers President and CEO Duncan Campbell
said. “At the time, it was a progressive look
ahead at a less restrictive regulatory environment
that would promote competition among financial
organizations and allow for greater local decision-
making in order to stimulate the economy.”
The Banking Code of 1965 outlines nearly every
aspect of the banking business in Pennsylvania,
covering everything from the powers of different
types of banks to lend and accept deposits,
to how an institution becomes incorporated,
to penalties and criminal provisions. With its
passage, it delegated more rule-making power
and administrative discretion to the Pennsylvania
Department of Banking and allowed them to
interpret the rules of the Code into regulations.
At the same time, it also provided more power for
individual business decisions by bank management
and more clearly defined shareholders’ rights.
Prior to its passage in 1965, Pennsylvania operated under the Pennsylvania
Banking Code of 1933, the first codification of banking laws in the commonwealth,
which came about as a result of the increasing number of bank failures from the
Great Depression. The 1933 Code was amended more than 100 times before it
was determined that a complete review was necessary for the changing economic
climate.
A commission to review the 1933 code, appointed by Governor Scranton in
1964, recommended that the code was so outdated that it needed to be rewritten
entirely, and the commission began that work in earnest with a special committee
of dedicated bankers and lawyers.
“We owe a great deal to our predecessors for their commitment to furthering
our industry and understanding its critical role in boosting the economy,” Campbell
said. “With the increased regulatory burden facing our banks today, what
happened in Pennsylvania in the 1960s is a stark reminder that we must find a
balance between the proper level of regulation and banks’ ability to grow and
strengthen our local communities.”
Through significant bipartisan support, the newly written Banking Code of 1965
passed the Senate 49-0 and the House of Representatives 199-7, was signed into
law by Governor Scranton on Nov. 30, 1965, and went into effect on Jan. 2, 1966.
Editor’s Note: Source: Daniels, Belden L. Pennsylvania Birthplace of Banking in America. Pennsylvania Bankers Association, 1976.
PA Bankers Association 14 Volume 17.6 | November-December 2015
COMMUNITY NEWS
CONGRATULATIONS TO THE DIME BANK, CELEBRATING 110 YEARS!
Joining the PA Bankers in a special anniversary
celebration this year is The Dime Bank. Dec. 16, 2015
marks The Dime Bank’s 110th Anniversary.
In 1905, a diverse group of people had a common
vision to create a banking alternative for area residents.
The Honesdale Dime Bank received its authority in
the form of a Charter from the Commonwealth of
Pennsylvania to begin operations on December 16, 1905,
and opened its doors on January 2, 1906.
Gary C. Beilman, president and chief executive
officer, enthused, “We are proud of our history and all
of our accomplishments, and we look with optimism to
the future. Important in the development of The Dime
Bank was its simplistic, philosophic, and cultural outlook.
For 110 years The Dime Bank has maintained the same
principles of bringing our communities support and
cultural enrichment while providing trusted, dependable
banking along with the latest technological advances in
the financial industry.”
(Above): The original interior of The Dime Bank, complete with a ‘bandit-barrier’ teller cage.
Photo (circa 1910) courtesy of David Wright.
FNCB GOES PINK FOR THE CURE UNIVEST SUPPORTS LOCAL ARTS Representatives from First National Community
Bank (FNCB) and Komen NEPA Race for the Cure
recently met at the downtown Scranton FNCB which was
transformed for the 2015 Komen NEPA “Community
Goes Pink” Challenge. FNCB went pink with pink
signage, large pink window ribbons and pink fabric bows
draped down the columns. FNCB’s Race for the Cure
efforts honored former employee Maryann Walker who
lost her battle with breast cancer in January 2013.
Univest Corporation recently presented Uptown!
Entertainment Alliance with a check for $100,000 in
support of its efforts to purchase, preserve and transform
the National Guard Armory in West Chester into a
theater for film and live performance. The completed
theater will serve as a permanent community presence for
the performing arts and is a unique opportunity to bring
a theater back to downtown West Chester.
(Above, L-R): Sara Benedict, Teller; JoAnna Grasso, Teller; Katie McNulty, Coordinator Community Goes Pink Challenge; Colleen Sweeney, Teller; Dolly Woody, Executive Director, Susan G. Komen for the Cure NEPA Affiliate; Karen Knebl, Customer Service Representative; Claire Guarneri, Community Office Manager; Rich Padula, Mortgage Originator; and Sharon Naughton, Teller.
(Above, L-R): Leslie Telthorster, board member; Uptown! Entertainment Alliance; Julie Sommese, senior vice president, Univest Bank and Trust Co.; Joe Blair; senior vice president, Univest Bank and Trust Co.; Richard May, board treasurer, Uptown! Entertainment Alliance; Angela Scully, development director, Uptown! Entertainment Alliance; Roy Smith, board member, Uptown! Entertainment Alliance
Volume 17.6 | November-December 2015 15 pabanker.com
COMMUNITY NEWS
ORRSTOWN BANK DONATES $5,000 TO SUPPORT CANCER PATIENTS AND THEIR FAMILIES
WAYNE BANK DEBUTS “BANK LOCAL. SHOP LOCAL.” INITIATIVE
MID PENN BANK EMPLOYEES RAISE $600 FOR GRACEFUL ACRES
Orrstown Bank recently donated $5,000 to The
Healing Journey Foundation to support cancer patients
and their families in Lancaster County. The Healing
Journey Foundation was established to empower
cancer patients by offering them support through
complementary therapies and educational programs.
The programs are designed to help reduce stress, boost
the immune system, promote general wellness, and offer
support in the healing process. Programs are available
to the public as well as to patients and caregivers of
Lancaster Cancer Center. The $5,000 contribution from
Orrstown Bank will help the foundation continue to offer
these programs and services at no cost.
Wayne Bank launched an exciting new initiative in
Lackawanna County in September. The “Bank Local.
Shop Local. Win Local.” program offers a unique
approach to the bank’s mission statement of “helping the
community grow by helping local businesses and their
employees” to life. Each month, Wayne Bank’s Central
Scranton Community Office is partnering with three
different local businesses. The bank holds a contest in
which winners are drawn for three $25 gift certificates,
one for each business, in a new, interactive corner of the
Community Office in downtown Scranton. The contest is
open to everyone, with no purchase necessary to enter or
win. The bank is also promoting each business through
social media and offering an additional contest entry to
anyone who likes one of the featured Facebook posts.
Mid Penn Bank employees recently raised $600
through an online auction for Graceful Acres in Halifax.
Graceful Acres is a nonprofit therapeutic horseback
riding organization for special needs children and young
adults.
(Above): Lancaster Cancer Center staff, along with the team from Orrstown Bank’s Rohrerstown branch and Greg Rosenberry of the Orrstown Bank Board of Directors, celebrate the $5,000 donation at the Lancaster Cancer Center’s family picnic, Sept. 12.
PA Bankers Association 16 Volume 17.6 | November-December 2015
COMMUNITY NEWS
PEOPLESBANK EDUCATES LOCAL STUDENTS WITH UNIQUE PARTNERSHIP
THE FARMERS NATIONAL BANK OF EMLENTON GIVES $25,000 TO DUBOIS AREA YMCA
MARS NATIONAL BANK HELPS SPONSOR LEADERSHIP BUTLER COUNTY PROJECT
PeoplesBank, A Codorus Valley Company, recently
partnered with Steam Into History, Inc., a non-profit,
educational organization that operates a steam train that
chronicles the role of York County in Civil War history.
A group of fifth graders from Shrewsbury, Southern,
and Friendship Elementary Schools of Southern School
District recently learned about the historic impact that
the bank, train, and railroad had on the community. After
a train ride to Glen Rock, the students were able to tour
PeoplesBank and the Glen Rock Historic Preservation
Society. They learned about the evolution and value of
money, the origin of PeoplesBank, and the role that the
railroad played in Glen Rock during the Civil War.
The Board of Directors of The Farmers National
Bank of Emlenton recently announced a $25,000 gift to
support the DuBois Area YMCA’s Capital Campaign.
These funds will be used to assist with necessary facility
updates, expansion efforts and renovations.
(Left): Accepting the donation on behalf of the DuBois Area YMCA was Dan Dowling, President/CEO. Representing The Farmers National Bank of Emlenton were Danyell Bundy, Vice President/Director of Branch Banking, Rick Doverspike, Assistant Vice President/Corporate Lending, and Kelli Allison, Branch Manager of the DuBois Office.
Mars National Bank is supporting the construction
of a multi-use pavilion on the campus of MHY Family
Services (formerly Mars Home for Youth) through a
donation of $5,000 to the project. As part of the 2015
Class of Leadership Butler County, Ryan Trulick, vice
president credit administration, also helped promote the
project and worked on several fundraising events.
(Right): Mars National Bank’s Ryan Trulick (third from left) with the 2015 Class of Leadership Butler County at the MHY pavilion groundbreaking.
Volume 17.6 | November-December 2015 17 pabanker.com
COMMUNITY NEWS
WELCOME NEW MEMBERSWe are pleased to present the newest members
of the Pennsylvania Bankers Association (PA Bankers). If you meet a representative
from one of these organizations, please welcome them to the PA Bankers family.
Five Star Bank
Huntingdon Valley Bank
Ascensus
The Benecon Group
Conrad Siegel Actuaries
Detalus
K&L Gates, LLP
Slovak Savings Bank
Live Oak Strategies, LLC
P & G Associates
Pentegra Retirement Services
Piper Jaffray
Zero-In
NEW ASSOCIATE MEMBER
NEW MEMBERS
NEW AFFILIATE MEMBERS
PALM BANCORP, INC. INTRODUCES FINANCIAL LITERACY PROGRAM AT SIX REGIONAL HIGH SCHOOLS Palm Bancorp, Inc., the parent holding company for
First Northern Bank and Trust Company, presented the
First Northern Financial Scholars Program at Bangor Area
High School this past fall.
The First Northern Financial Scholars Program is
a 10-unit course that offers 6-8 hours of programming
aimed at teaching, assessing and certifying students
in a variety of financial topics including credit scores,
insurance, credit cards, student loans, mortgages, taxes,
stocks, savings, 401Ks and other critical concepts that
map to national financial literacy standards.
In partnership with the school, members of the
First Northern Bank and Trust team offered students
grades 9-12 at Bangor Area High School an opportunity
to become more informed, responsible citizens. They were introduced to a small sampling of the program’s over 600
financial topics including personal credit scores, lending and banking terminology, and spending discipline.
The web-based learning platform used for the program (powered by EverFi technology) relies on student-friendly
technologies like video, animation, 3D gaming, avatars and social networking. In addition to tracking knowledge gain,
the platform monitors student attitudes and behaviors on a variety of important issues. Students who successfully
complete the course receive a certification in Financial Literacy. To learn more about partnering with EverFi, contact
Ryan Swift at [email protected].
FIDELITY BANK SUPPORTS LCCC SCHOLARSHIP PROGRAM
Fidelity Bank’s President And CEO Daniel J.
Santaniello recently presented the Luzerne County
Community College Foundation with a $10,000 donation
in support of the Foundation’s Annual Scholarship
Dinner. This annual event raises funds to assist Luzerne
County Community College students with financial need
and scholarship opportunities.
(Above, L-R): Donna Gizenski, Vice President and Business Banking Relationship Manager, Fidelity Bank; Michael J. Pacyna, Jr., Executive Vice President & Chief Business Officer, Fidelity Bank; Daniel Santaniello, President and CEO, Fidelity Bank; Bob Stanley, Immediate Past President, LCCC Foundation; Judy Aita, President, LCCC Foundation; Thomas P. Leary, President, LCCC; Sandra Nicholas, Executive Director, LCCC Foundation, Inc.
PA Bankers Association 18 Volume 17.6 | November-December 2015
COMMUNITY NEWS
(Above): Ken Szczur, an employee of 1ST SUMMIT BANK’s Downtown
Office, teaches at Greater Johnstown High School on Oct. 29, 2015.
1ST SUMMIT BANK TEACHES CREDIT LESSONS IN LOCAL HIGH SCHOOLS 1ST SUMMIT BANK partnered with seven local
High Schools to celebrate Get Smart About Credit Day
throughout October and November. Established by the
American Bankers Association in 2002, Get Smart About
Credit strives to allow bankers to visit local classrooms to
share with students the “credit facts of life.”
This year, more than 450 local youth, with the aid of
1ST SUMMIT BANK employees who became “professors”
for a day, were engaged in an interactive lesson
showcasing the importance of obtaining and keeping
good credit throughout one’s life.
1ST SUMMIT BANK professionals have been part of
this initiative since its infancy, and they continue to be
committed to providing financial education initiatives
and resources to youth. Get Smart About Credit brings
bankers and students together to increase financial
education in the communities they serve.
OUR COMMUNITY NEWS:
NOW SEND IT IN!
Mail, fax or e-mail your community news to: PA Bankers Association, Attn: Christine Cronkright, 3897 North Front Street, Harrisburg, PA 17110 Contact Christine by phone, fax or e-mail: (717) 255-6915 • Fax: (717) 233-1477 • E-mail: [email protected]
Tell PA Bankers about your community accomplishments. PA Bankers knows member banks and employees are active in the communities where you do business. You’re committed to your customers and their families, and you show it by giving back. Please don’t keep the good news to yourself! Share your community news with the association and we will feature your stories and photos in paBanker magazine - a great way to spread the word about your successes!
THANK YOWe couldn’t possibly thank all of the volunteers of the Pennsylvania Ban
sit on a committee or are active in our various peer groups. As with all g
volunteer or have volunteered in the past – please know that we THANK
Tim J. Abell, Firstrust Bank Donald E. Abrey, PA Bankers Retired Bankers Program Margarethe Aderhold, The Muncy Bank and Trust Company William S. Aichele, Univest Bank and Trust Co. David Aldous, Esq., First Niagara Financial Group, Inc. Thomas J. Ammerman, Jr., CNB Bank Marvin A. Anders, PA Bankers Retired Bankers Program John H. Anderson, PA Bankers Retired Bankers Program Michael S. Andrascik, AmeriServ Financial Bank Gregory J. Anna, First Citizens Community Bank Christopher J. Annas, Meridian Bank Jeffrey T. Arnold, CPA, CIA, First Columbia Bank & Trust Co. John Ash, Somerset Trust Company Richard J. Ashby, Jr., PA Bankers Retired Bankers Program Jack W. Babich, SPHR, AmeriServ Financial Bank Barth Bailey, Fulton Financial Corporation Todd Bailey, Huntington Bancshares Incorporated Edward Balderston, Jr., PA Bankers Retired Bankers Program Jeffrey S. Bankert, CFP, Fulton Financial Corporation Marcie A. Barber, The Juniata Valley Bank Elaine F. Barfield, Hometown Bank of PA Jacklynn Ann Barras, BNY Mellon Wealth Management Larry R. Barron, Esq., Somerset Trust Company Wendy L. Basehoar, Susquehanna Trust & Investment Company Lori R. Baumgardner, 1st Summit Bank Ann Bavaria, New Tripoli Bank H. Binney Beale, PA Bankers Retired Bankers Program E. Lee Beard, PA Bankers Retired Bankers Program Wendy S. Bell, First Commonwealth Bank Timothy Bender, Coatesville Savings Bank Garry R. Benfer, Mifflinburg Bank and Trust Company Richard L. Bergey, PA Bankers Retired Bankers Program Joseph D. Bergquist, Tompkins VIST Bank Andrew Bergstresser, Univest Bank and Trust Co. Daniel C. Berninger, The Muncy Bank and Trust Company Craig W. Best, Peoples Security Bank and Trust Company Michael J. Bibak, Clearfield Bank & Trust Company James R. Biery, DNB First Linda J. Bishop, Covenant Bank Randall E. Black, First Citizens Community Bank Mark W. Blazek, Susquehanna Bancshares, Inc. John D. Blecher, York Traditions Bank Kevin W. Bless, PA Bankers Retired Bankers Program Jay B. Bobb, Santander Bank Duane E. Bock, First Community Bank of Mercersburg Peter J. Boergermann, Citizens & Northern Corporation William H. Bogel, PA Bankers Retired Bankers Program Allison D. Boggess, Wells Fargo Bank, N.A. John J. Bolger, PA Bankers Retired Bankers Program Donald J. Bonafede, Centric Bank Jan M. Bone, TriState Capital Bank Darla Border, CFE, CFCI, Metro Bank Robert A. Bowell, NexTier Bank, National Association Joseph B. Bower, Jr., CNB Bank Kathlene M. Bower, The Muncy Bank and Trust Company David Bradley, Conestoga Bank Donna L. Brady, Citizens Bank of Pennsylvania Tad A. Brannon, QNB Bank Dennis P. Brenckle, PA Bankers Retired Bankers Program Todd D. Brice, S & T Bank Duane J. Brobst, Univest Bank and Trust Co. Brian Brooking, Woodlands Bank Lela J. Bryant, Susquehanna Bancshares, Inc. Amy E. Burke, Penn Liberty Bank James F. Burke, Wayne Bank Thomas B. Burkholder, Woodlands Bank Kay E. Burky, SPHR, Fulton Financial Corporation Pamela D. Burns, SPHR, Chemung Canal Trust Company David Burstein, Esq, M&T Bank Corporation Douglas L. Byers, Northwest Savings Bank Domenic Cagliuso, 1st Summit Bank Christopher F. Campbell, The Bryn Mawr Trust Company Kathleen M. Campbell, First Citizens Community Bank
William T. Campbell, Jr., The Juniata Valley Bank Tom S. Capello, PA Bankers Retired Bankers Program Michael L. Carr, Somerset Trust Company Christopher Cattie, The Bryn Mawr Trust Company Raymond J. Ceccotti, The Honesdale National Bank Ronald L. Cekovich, Farmers and Merchants Trust Company Denise Chamberlain, PA Bankers Retired Bankers Program Gerard A. Champi, First National Community Bank Michael G. Charles, Citizens & Northern Bank Ted J. Chwatek, Hometown Bank of PA Scott W. Clark, M&T Bank Kevin Colgan, The Honesdale National Bank Carolyn M. Concannon, AmeriServ Financial Bank Jon P. Conklin, Woodlands Bank Robin Conklin, Citizens Savings Bank John T. Connelly, PA Bankers Retired Bankers Program Eric W. Conner, Univest Corporation of PA Joseph F. Conners, PA Bankers Retired Bankers Program Douglas C. Corl, First Community Bank of Mercersburg Claire Costa, Citizens Bank of Pennsylvania Jeane M. Coyle, Penn Community Bank Kim Craig, CTFA, F. N. B. Wealth Management Group Jeffry D. Cramer, 1st Summit Bank Lewis J. Critelli, Wayne Bank Michael T. Dameron, TD Bank, National Association Bruce Dansbury, The Provident Bank Scott B. Daum, First United National Bank A. Marie Day, Wells Fargo Bank, N.A. Michael Day, Esq., Citizens Financial Group, Inc. Nicholas Deenis, Santander Bank Vincent J. Delie, Jr., F.N.B. Corporation Lynn S. Dender, Bank of America Allan R. Dennison, PA Bankers Retired Bankers Program Ralph F. DeSiderio, PA Bankers Retired Bankers Program Kimberly J. Detwiler, Univest Corporation of PA Valerie L. Detwiler, Clearfield Bank & Trust Company Lance O. Diehl, First Columbia Bank & Trust Co. Michael DiFilipo, Esq., JD, Firstrust Bank James V. Dionise, Mars National Bank John M. DiRico, PA Bankers Retired Bankers Program Elisa DiVito-Herpst, First Niagara Financial Group, Inc. Jeremy A. Dobbin, The Gratz Bank Amy L. Doll, PEOPLESBANK, A Codorus Valley Company Dennis E. Doll, Reliance Bank Erin K. Dragann, Esq., Fulton Financial Corporation Eugene J. Draganosky, York Traditions Bank Carol A. Dubie, Esq., Wells Fargo Bank, N.A. Fred Duncan, Fox Chase Bank Eddie L. Dunklebarger, PA Bankers Retired Bankers Program Nathan A. Eifert, PEOPLESBANK, A Codorus Valley Company Gregg A. Elicker, PEOPLESBANK, A Codorus Valley Company Mirta Engel, F.N.B. Corporation Philip E. Fague, CPA, Orrstown Bank Scott V. Fainor, National Penn Bancshares, Inc. William F. Falger, CNB Bank Dana M. Farthing, Esq., The Huntington National Bank Joseph Ferretti, Peoples Security Bank and Trust Company Thomas G. Fetsko, PA Bankers Retired Bankers Program Harry E. Filbert, PA Bankers Retired Bankers Program Michael H. Firestine, Fulton Bank, National Association Susan E. Fisher, PNC Wealth Management Timothy D. Fister, The Northumberland National Bank Elizabeth H. Fitzpatrick, Esq., Bank of America April Fleming, PNC Bank, National Association Marisa A. Flynn, Reliance Bank Robert E. Forse, Woodlands Bank Tara W. Foscato, PNC Bank, National Association Michael Frachioni, Esq., PNC Bank, National Association S. Jason Fraley, Huntington Bancshares Incorporated David W. Freeman, QNB Bank Jennifer L. Frost, QNB Bank Rufus A. Fulton, Jr., PA Bankers Retired Bankers Program Anthony J. Gabello, PS Bank
Mark D. Gainer, Union Community Bank Scott Gamble, Susquehanna Bank Eric Gavazzi, First Commonwealth Bank Jill George, The Dime Bank John G. Gerlach, First Keystone Community Bank Lynda L. Glass, ACNB Bank Robert J. Glunk, Luzerne Bank Rick A. Gold, PA Bankers Retired Bankers Program Michelle Goldstein, BNY Mellon, National Association Richard L. Graver, The Victory Bank Mark A. Graziadio, The Honesdale National Bank Teresa L. Gregory, York Traditions Bank Richard J. Grossi, Esq., TD Bank, National Association Scott L. Gruber, Tompkins VIST Bank Bradley J. Gunnison, McNees Wallace & Nurick LLC Stephen J. Gurgovits, F.N.B. Corporation Laura Haffner, Wells Fargo Bank, N.A. J. Carl Haldeman, PA Bankers Retired Bankers Program John E. Hall, Northwest Savings Bank Patricia A. Hanks, Farmers and Merchants Trust Company John Hardage, BB&T Corporation Michael R. Harleman, First Northern Bank and Trust Company Phyllis J. Harmon, CFP, LeTort Trust William W Harvey, Jr., CPA, Northwest Savings Bank Olaf R. Hasse, Farmers and Merchants Trust Company William P. Hayes, Kish Bank Ronald G. Heberlig, PA Bankers Retired Bankers Program Lorie M. Heckman, CRCM, Farmers and Merchants Trust Company Reid L. Heeren, PA Bankers Retired Bankers Program Michael C. Herr, VIST Bank Lee A. Hess, First Keystone Community Bank Frederick L. Hickman, PA Bankers Retired Bankers Program Kermit G. Hicks, PA Bankers Retired Bankers Program Dale E. Hill, PA Bankers Retired Bankers Program Dallas C. Hipple, Mars National Bank Timothy R. Holder, Orrstown Bank J. Matthew Holliday, Univest Bank and Trust Co. Bryan L. Holmes, FNB Bank, National Association/Swineford National Bank Harold F. Hoose, III, Citizens & Northern Bank Sheila Hoover, First Commonwealth Bank David C. Hostetter, Fulton Financial Corporation William J. Hoyne, PA Bankers Retired Bankers Program David J. Hudak, Somerset Trust Company Mark A. Hughes, Citizens & Northern Bank Michael Hughes, Wells Fargo Bank, N.A. Patricia A. Husic, Centric Bank Charles J. Ingersoll, The Haverford Trust Company Delbert James, Jr., Fidelity Deposit and Discount Bank Philip H. Johnson, M&T Bank Albert T. Jones, Penn Liberty Bank Doris Jordan, PA Bankers Retired Bankers Program Thomas J. Jordan, IV, National Penn Bank G. Robert Jorgenson, Jr., S & T Bank Rebecca Judy, PNC Bank, National Association James T. Jurcic, Dollar Bank, A Federal Savings Bank Edward Kane, The Huntington National Bank Robert D. Kane, Jr., First Niagara Financial Group, Inc. Jeffrey J. Kapsar, Mifflinburg Bank and Trust Company George P. Karlheim, Marion Center Bank Edward C. Kasper, PA Bankers Retired Bankers Program Vincent R. Kaufmann, Univest Bank and Trust Co. Todd M. Keagy, Union Community Bank P. Robert Keeley, III, National Penn Bancshares, Inc. Jocelyn W. Kelly, Citizens Bank of Pennsylvania Thomas W. Kenvin, IV, CPA, Eagle National Bank Bruce G. Kilroy, PA Bankers Retired Bankers Program Deborah L. King, The Huntington National Bank William J. King, Jr., Washington Financial Bank Sangeeta Kishore, Kish Bank Nicholas Klein, The Ephrata National Bank Heidi J. Kline, The Northumberland National Bank Britta Knapp, TD Bank, National Association Peter E. Knight, FHLBank Pittsburgh
U, VOLUNTEERSkers Association, but we thought we’d at least try! Below is a list of all of our members who currently
ood intentions, we’ve inevitably missed someone. So, if your name is not below and you are currently a
YOU as well. We could not operate as an association without your valuable contributions.
Michael E. Kochenour, York Traditions Bank Carolyn H. Kough, PA Bankers Retired Bankers Program Richard J. Krauland, NexTier Bank, National Association Kevin M. Krieger, First Keystone Community Bank James F. Kuhn, Reliance Bank William J. Kuzo, UNB Bank John Lafferty, Beneficial Bank Thomas F. Lamb, Jr., PNC Bank, National Association William S. Lance, Wayne Bank Elmer C. Laslo, 1st Summit Bank William S. Latoff, DNB First Brian A. Lawrence, Fox Chase Bank Donald A. Lawry, PA Bankers Retired Bankers Program Renee D. Laychur, CFA, F.N.B. Investment Advisors, Inc. Melanie Lazzari, S & T Bank David B. Lee, PA Bankers Retired Bankers Program Steven T. Lees, Esq., PA Bankers Retired Bankers Program Brian H. Lehman, Reliance Bank H. Paul Lewis, Univest Corporation of PA Richard H. Lloyd, PA Bankers Retired Bankers Program William J. Locher, Somerset Trust Company John A. Loewer, M&T Bank G. Lynn Lovell, PA Bankers Retired Bankers Program Nicholas Lozorak, Jr., Penn Community Bank Raymond M. Lynch, Wells Fargo Bank, N.A. Kim E. Lyttle, The Huntington National Bank Scott Macbeth, Susquehanna Bancshares, Inc. Ann W. MacMullan, PA Bankers Retired Bankers Program Sam Macrina, PA Bankers Retired Bankers Program Joseph W. Major, The Victory Bank Robert J. Mancuso, Wayne Bank Dale F. Marrison, The PNC Financial Services Group, Inc. William C. Marsh, CPA, The Farmers National Bank of Emlenton Christopher A. Martin, Northwest Savings Bank James E. Martin, Northwest Savings Bank Thomas Mathe, First Commonwealth Bank David Mayer, The Muncy Bank and Trust Company Thomas C. Mayer, PA Bankers Retired Bankers Program Thomas A. McCullough, PA Bankers Retired Bankers Program Randy J. McGarry, Fox Chase Bank Christopher P. McGill, East River Bank Joseph T. McGough, PA Bankers Retired Bankers Program Robert M. McGovern, Jr., PA Bankers Retired Bankers Program Michael W. McGraw, Mars National Bank Patti L. McLaughlin, The Bank of Landisburg Richard J. McMahon, The Bank of New York Mellon Ronald J. McNeely, Mercer County State Bank Mary T. McNichols, CTFA, PHR, Fidelity Deposit and Discount Bank Leslie Meck, Centric Bank Susan M. Meier, Reliance Bank Fred Meinke, PA Bankers Retired Bankers Program Raymond H. Melcher, Jr., PA Bankers Retired Bankers Program Albert J. Melfi, Jr., DNB First Matthew W. Mensinger, First Keystone Community Bank Adam Metz, Metro Bank R. Mark Metz, PNC Financial Services Group Linda D. Metzmaier, First Commonwealth Bank James R. Miale, ERIEBANK, a Division of CNB Bank Lisa A. Michelone, Reliance Bank Joseph F. Mikolaitis, Esq., Firstrust Bank Adrienne L. Miller, Esq., The Ephrata National Bank Barry E. Miller, The Ephrata National Bank Dominick Mitchell, Jr., NBT Bank Michael A. Mooney, WesBanco Bank, Inc. James P. Moore, PA Bankers Retired Bankers Program Richard M. Moriarty, PA Bankers Retired Bankers Program J. Roger Moyer, Jr., PA Bankers Retired Bankers Program K. Leon Moyer, Univest Bank and Trust Co. Amy M. Muchler, Kish Bank Lawrence D. Muck, PA Bankers Retired Bankers Program Kerri Mueller, AmeriServ Financial Bank D. Michael Mulwani, Susquehanna Bank William E. Murphy, Continental Bank
Gege Musinski, PNC Bank, National Association Carol A. Myers, CPA, 1st Summit Bank Curtis J. Myers, Fulton Bank, National Association Seth Napikoski, Kish Bank Christopher A. Nardo, Monument Bank Gerald A. Nau, Lafayette Ambassador Bank Susan L. Nelson, First Commonwealth Advisors Stephen Novak, The Bryn Mawr Trust Company Timothy P. O’Brien, Fidelity Deposit and Discount Bank Stephen C. Oldt, PA Bankers Retired Bankers Program John L. Olsen, Esq., WSFS Bank Claudine E. Orloski, BNY Mellon, National Association Paul K. Page, First Columbia Bank & Trust Co. Ralph J. Papa, PA Bankers Retired Bankers Program Ryan Patrick, BITS Rhonda L. Payne Harmon, Esq., Wells Fargo Bank, N.A. Anthony J. Peluso, CPA, Citizens & Northern Bank Raymond P. Pepe, Esq., K&L Gates LLP Nelson L. Person, Apollo Trust Company Brad L. Peterson, First Commonwealth Insurance Association Thomas M. Petro, Fox Chase Bank Hope M. Pifer, Mars National Bank John T. Piszak, PA Bankers Retired Bankers Program T. Michael Price, First Commonwealth Financial Corporation Linda L. Procaccino, Firstrust Bank Shawn R. Proper, Mars National Bank Matthew P. Prosseda, First Keystone Community Bank Philip A. Prough, Citizens & Northern Bank A. Richard Pugh, PA Bankers Retired Bankers Program Paul D. Puleo, First National Bank of Pennsylvania Kevin C. Quinn, PA Bankers Retired Bankers Program Thomas R. Quinn, Jr., Orrstown Bank David E. Raven, NBT Bank Jennifer M. Reel, CFMP, First National Bank of Pennsylvania John J. Remaley, PA Bankers Retired Bankers Program Gary L. Rhoads, PA Bankers Retired Bankers Program David Z. Richards, Jr., S & T Bank Carl L. Ricker, ACNB Bank Benjamin Riggs, Esq., PEOPLESBANK, A Codorus Valley Company Kevin D. Rimmey, Jersey Shore State Bank David Ritter, M&T Bank Mark A. Ritter, Susquehanna Trust & Investment Company, a Division of BB&T Saul S. Rivkin, The Victory Bank William H. Rockey, PA Bankers Retired Bankers Program David Rorabaugh, Fulton Financial Corporation Lawrence M. Roskos, PA Bankers Retired Bankers Program Rue S. Rothermel, PA Bankers Retired Bankers Program Robert E. Rout, PA Bankers Retired Bankers Program Jennifer A. Roxbury, The Farmers National Bank of Emlenton David P. Ruddock, S & T Bank Thomas L. Rudy, Jr., Citizens & Northern Bank David S. Runk, West Milton State Bank Blair T. Rush, National Penn Bank Robert J. Russoli, Orrstown Bank Robert Rutz, PNC Bank, National Association Donald H. Ryan, First National Community Bank Ruth Anne Ryan-Catalano, CNB Bank Jennifer A. Sanfilippo, First Niagara Financial Group Daniel J. Santaniello, Fidelity Deposit and Discount Bank Richard A. Sarfert, Penn Liberty Bank Angie Sargent, Fulton Financial Corporation Daniel J. Schaffer, First National Bank and Trust Company Frederick E. Schea, PA Bankers Retired Bankers Program Joseph P. Schlitzer, National Penn Bank Grant Schonour, Esq., Susquehanna Bancshares, Inc. Mimi Schutter, Fulton Mortgage Company Stephanie Schwartzberg LaRue, Esq., Penn Community Bank M. Theresa Schwartzer, Univest Corporation of PA Jeffrey M. Schweitzer, Univest Corporation of PA J. Bradley Scovill, Citizens & Northern Bank Gerald J. Seman, Jersey Shore State Bank Linda D. Senft, York Traditions Bank Donald S. Shamey, PA Bankers Retired Bankers Program
Jeff Shank, PA Bankers Retired Bankers Program Donald E. Shawley, The Juniata Valley Bank Trisha K. Shearer, West Milton State Bank Lise M. Shehan, Esq., F&M Trust Kenneth R. Shoemaker, PA Bankers Retired Bankers Program Michael G. Smelko, Northwest Savings Bank William E. Snell, Jr., Farmers and Merchants Trust Company Robert C. Snyder, PA Bankers Retired Bankers Program Robert C. Snyder, PA Bankers Retired Bankers Program Thomas J. Sposito, Integrity Bank - A Division of S&T Bank Stephen D. Staman, Metro Bank Rebecca A. Stapleton, S & T Bank Rebecca Stauffer, The PNC Financial Services Group, Inc. David Logan Steele, CTFA, AEP, PA Bankers Retired Bankers Program J. Donald Steele, Jr., The Northumberland National Bank John E. Stefan, PA Bankers Retired Bankers Program Helen P. Strunk, PA Bankers Retired Bankers Program Maureen W. Sullivan, Manufacturers and Traders Trust Company John S. Supplee, The Haverford Trust Company Jonathan G. Swearer, The Victory Bank Tim Sweeney, Santander Bank James S. Szewc, CFP, CTFA, First Keystone Community Bank James F. Taylor, Wells Fargo Home Mortgage Ted Teruo Kitada, Esq., Wells Fargo Bank, N.A. Gerard M. Thomchick, PA Bankers Retired Bankers Program Gloria Thompson, Wells Fargo Bank, N.A. Clay Thomson, National Penn Bank Sasha Thumann, Wells Fargo Bank, N.A. Matthew Tomb, Esq., First Commonwealth Bank Michael J. Torbert, National Penn Investors Trust Company David L. Tressler, Sr., PA Bankers Retired Bankers Program Justin B. Troup, Mifflinburg Bank and Trust Company Deborah L. Unflat, The Dime Bank Hubert A. Valencik, PA Bankers Retired Bankers Program Amy J. Van Blarcom Lackey, Citizens & Northern Bank David P. Vandivier, BNY Mellon, National Association John J. Ventura, QNB Bank Robert A. Vernick, The Farmers National Bank of Emlenton Allen L. Wagner, PA Bankers Retired Bankers Program William J. Wagner, Northwest Savings Bank Benjamin Wallace, Orrstown Bank John Walp, M&T Bank Tracy E. Watkins, SPHR, Citizens & Northern Bank Robert Weaver, Northwest Savings Bank Wayne R. Weidner, National Penn Bank Dale A. Wentz, QNB Bank Harry Wenzel, PA Bankers Retired Bankers Program Robert E. Werner, III, AmeriServ Financial Bank Stephen M. Westerburg, Northwest Savings Bank Cindy L. Wetzel, Mid Penn Bank Wesley M. Weymers, The Gratz Bank Suzanne M. White, Kish Bank Karen L. Whitehill, PA Bankers Retired Bankers Program Kelly Whitley Beasley, Bank of America Daniel E. Wiekrykas, National Penn Bank Eric S. Williams, Atlantic Community Bankers Bank Brian W. Wingard, CPA, CNB Bank William F. Wise, Jr., Hometown Bank of PA Liesl K. Wolf, The Ephrata National Bank Erinn L. Wolfe, Esq., F.N.B. Corporation Ray L. Wolfe, PA Bankers Retired Bankers Program William E. Wood, Clearfield Bank & Trust Company Elaine A. Woodland, First Keystone Community Bank Charles A. Wurster, York Traditions Bank Robert J. Yahner, Reliance Bank P. Thomas Yoder, Jr., Turbotville National Bank Andrew Young, Northwest Savings Bank Matthew T. Young, Dollar Bank, A Federal Savings Bank Christopher Zerbe, First National Bank of Pennsylvania Mark A. Zody, CPA, Metro Bank Jennifer V. Zuidema, Esq., Fulton Financial Corporation
PA Bankers Association 22 Volume 17.6 | November-December 2015
GOVERNMENT RELATIONS
Each legislative session, a
Decisions that the legislature makes on financial services-related
issues concern you, your customers, your job, your family and even
where you bank. Will you sit and watch or will you get involved?
At the PA Bankers Association, our legislative advocacy efforts are one of the best and we want YOU to be involved. Contact Bankers form and maintain relationships with their legislators and are frequently asked to communicate PA Bankers Association positions to them. They are also responsible for responding to PA Bankers Association’s Call-to-Action Alerts and ensuring that appropriate responses throughout their bank are being generated. You do not already need to know your legislator to be a Contact Banker; you just need to be a banker who wants to help the image of the industry. Contact the PA Bankers Association today for more information or to sign up – [email protected] or (717) 255-6910.
PaBPACAs a PA Bankers volunteer, you constantly look at how legislation impacts your bank – identifying the risk it may pose to your business, customers and employees. However, have you stopped to think about political risk? In today’s regulatory environment, you must consider and re-evaluate your approach to this risk.
One way to mitigate some of this risk is to contribute to PaBPAC. Contribute online today with a personal credit card at www.pabanker.com or mail a check to: PaBPAC, 3897 N. Front Street, Harrisburg, PA 17110
*This is not a solicitation for PaBPAC Federal.
ASSESSING YOUR POLITICAL RISK
PA Bankers Association 24 Volume 17.6 | November-December 2015
P E N N S Y L V A N I A B A N K E R S A S S O C I A T I O N
2015 FALL GROUP MEETINGS & GOLF OUTINGS
This fall, PA Bankers Group Officers greeted more than 340 fellow members to the 2015 Fall Group Meetings and Golf Outings. The regional events were supported financially by 14 Statewide and 6 Regional Sponsors. Across the state, more than 200 golfers hit the greens at six uniquely respected Pennsylvania golf courses. From one corner of the state to the other, we sold approximately 226 Mulligans, resulting in $2,260 in PaBPAC contributions. The educational session “Managing, Mentoring & Maximizing…Today’s & Tomorrow’s Leaders” led by industry experts from Affiliate Members, Angott Search Group and Compensation Advisors, yielded the highest attendance (141) for a fall educational session to date.
We thank our dedicated members for their participation in this successful year; we thank PA Bankers’ Member Services Policy Committee, Board of Directors and Group Officers for putting together another great series of Fall Group Meetings; and we humbly thank our corporate sponsors for their continued honorable support of the PA Bankers’ mission and financial assistance, which offers affordable opportunities for members to maximize their benefits. We look forward to a successful 2016!
P E N N S Y L V A N I A B A N K E R S A S S O C I A T I O N
THANK YOU TO OUR FALL GROUP MEETING SPONSORS!
Volume 17.6 | November-December 2015 25 pabanker.com
STATEWIDE SPONSORS
Angott Search Group
Approval Payment Solutions, Inc.
The Baker Group
Boenning & Scattergood, Inc.
Compensation Advisors
Deluxe Corporation
David Shoemaker of Equias Alliance, LLC
FHLBank Pittsburgh
Griffin Financial Group
John M. Floyd & Associates
Mosteller & Associates
PA Bankers Services Corporation
Stevens & Lee
State Tax Refund Service
GROUP 2:
Dixon Hughes Goodman LLP
P&G Associates
GROUP 3:
P&G Associates
GROUP 4:
P&G Associates
GROUP 5:
Dixon Hughes Goodman LLP
P&G Associates
GROUP 6:
BoliColi.com
Burns White LLC
PWCampbell
S.R. Snodgrass, P.C.
GROUP 8:
BoliColi.com
Burns White LLC
PWCampbell
S.R. Snodgrass, P.C.
REGIONAL SPONSORS
FALL TRAINING WRAP-UP
Over 400 individuals, representing 122 banks, took advantage of broadening their knowledge of the
best practices in the financial industry as well as gaining product updates and obtaining valuable tools
to strengthen client relationships. Through October 2015, professional development training provided a
spectrum of opportunities from one-day seminars to week-long residential schools. Programs available
for branch managers to lending officers to directors included topics such as consumer and commercial
lending, asset/liability management, real estate lending compliance and wealth management and trust.
2015 WEALTH MANAGEMENT &
TRUST CONFERENCE & EXHIBITION
Approximately 200 attendees joined PA Bankers for the 2015 Wealth
Management & Trust Conference & Exhibition in Hershey. A sold-out exhibition
hall featured more than a dozen new companies providing information on
trust and wealth management services. The program included sessions on
cybersecurity, special needs trusts, identity theft, charitable giving, building
better portfolios, as well as economic and regulatory updates.
MID-ATLANTIC EXECUTIVE
CYBERSECURITY CONFERENCE
The first-ever Mid-Atlantic Cybersecurity Conference was held on
Oct. 29 at the National Institutte of Standards and Technology, bringing
together bank CEOs, executives and directors from the Mid-Atlantic
region to discuss strategies and resources to address enterprise-wide
cybersecurity threats. PA Department of Banking & Securities Secretary
Robin Wiessmann joined a panel with her colleagues from Maryland
and Virginia to discuss the importance of planning for these threats in
community banks.
THANK YOU TO OUR SPONSORS:
• Broadridge Financial Solutions, Inc.
• Devonshire REIT, Inc.
• Federated Investors
• Fidelity Investments
• PA Bankers Services Corporation:
• Proxytrust
• Trust Sourcing Solutions
• Tucker Arensberg, P.C.
• Vanguard
PA Bankers Association 28 Volume 17.6 | November-December 2015
For more information, contact Marilyn Wisniewski, Director Residential Schools & Meeting Operations, (717) 255-6934 or [email protected].
ADVANCED SCHOOL OF COMMERCIAL LENDING Member $675 | Affiliate $775 | Non-Member $1,012.50
April 26 – 27, 2016 | PA Bankers Association, Harrisburg *Does not include lodging.
SCHOOL OF BANKING Member $2,500 | Affiliate $3,000 | Non-Member $3,500
June 12 – 16, 2016 | Penn Stater Conference Center, State College *Includes hotel room (single occupancy).
SCHOOL OF COMMERCIAL LENDING Member $2,500 | Affiliate $3,000 | Non-Member $3,500
June 12 – 16, 2016 | Penn Stater Conference Center, State College *Includes hotel room (single occupancy).
ADVANCED SCHOOL OF BANKING Member $3,000 | Affiliate $3,500 | Non-Member $4,000
July 24 – 29, 2016 | Penn Stater Conference Center, State College *Includes hotel room (single occupancy).
SCHOOL OF COMPLIANCE Member $2,500 | Affiliate $3,000 | Non-Member $3,500
August 22 – 25, 2016 | PA Bankers Association, Harrisburg *Includes single room occupancy at the Staybridge Suites.
SCHOOL OF CONSUMER LENDING Member $895 | Affiliate $995 | Non-Member $1,342.50
October 5 – 7, 2016 | PA Bankers Association, Harrisburg *Does not include lodging.
www.pabanker.com
PA Bankers Association 30 Volume 17.6 | November-December 2015
PEER GROThere are two words that rest at the core of what is valued at
action and the honest ability for members to participate in wa
ahead.
This summer, PA Bankers excitedly added another peer group
make a difference in the banking industry.
Throughout the year, the Retired Bankers Program, Past Chai
concerns and form initiatives relative to the industry. Togethe
The commitment of each peer group member is unique and va
visit our membership page at www.pabanker.com.
EMERGING LEADERS RETIRED BANKERS
Volume 17.6 | November-December 2015 31 pabanker.com
UPS HIGHLIGHTSthe Pennsylvania Bankers Association: MEMBER ENGAGEMENT! These words mean nothing without
ys that maximize their growth. Our members are the fuel that keeps the association charging full steam
to its offerings − Emerging Leaders, yet another dynamic opportunity for our membership to connect and
rs Forum, Women in Banking and Emerging Leaders peer groups meet not only to network, but to address
r, our peer groups provide the association with integrated support and a wide range of expertise.
lued beyond words. To learn more about the PA Bankers Peer Groups and volunteer opportunities, please
WOMEN IN BANKING
WOMEN IN BANKING CORNER:Congratulations to the following outstanding PA
Bankers members for recently being recognized
by American Banker magazine:
On “The 25 Women to Watch” list:
• #8: Diana Reid, EVP and Head of PNC Real
Estate, PNC Financial Services Group
On “The Most Powerful Women in Finance” list:
• #8: Charlotte McLaughlin, President & CEO,
PNC Capital Markets
On “The 25 Most Powerful Women in Banking”
list:
• #18: Karen Larrimer, Chief Customer Officer,
PNC Financial Services Group
• #19: PA Bankers Past Chair Patti Husic,
President & CEO, Centric Bank
For the full list of women recognized this year and more information about the women above, visit http://www.americanbanker.com/women-in-banking/.
SAVE THE DATE:Join us for the Women in Banking Conference,
March 7, 2016 at the Hershey Lodge and
Convention Center in Hershey.
PA Bankers Association 32 Volume 17.6 | November-December 2015
Times have changed and so has retirement. The Pennsylvania Bankers Association’s
Retired Banker Program helps you stay active, engaged, and current with the
industry even though you are retired or semi-retired.
Membership in the Retired Bankers Program offers a unique way to keep an open
door to the industry where you have built your success and made a difference.
This program provides valuable benefits, helps you keep up with professional and
personal contacts and share your insights and experience
with those whose careers are still in the making. For more
information, or to join for free, please contact Cindy
Wallett, (717) 255-6913, [email protected].
2 0 1 5 P E N N S Y LVA N I A B A N K E R S A S S O C I AT I O N
Enrich Your Retirement Experience
with PA Bankers Retired Banker Program
Volume 17.6 | November-December 2015 33 pabanker.com
SOMEONE IS MAKING MONEY ON TITLE INSURANCE.
IT SHOULD BE YOU.
It’s like owning your own title insurance company, only better. PA Bankers
Services Corporation – along with Investors Title Insurance Company –
will help you become part of a multi-bank owned title insurance agency
and share in the profits every time title insurance is written. To learn more,
simply give us a call at (717) 255-6925 and
we’ll show you how your bank can earn
non-interest income from title insurance.
PA Bankers Services Corporation Select Vendors Provide PA Bankers
Members Savings, Service and Quality
DELUXE
Check Program
Todd Wroblewski, (724) 625-5599
EDM AMERICAS
Status and Statement Processor
Gary Simpson, (201) 725-2452
EQUIAS ALLIANCE, LLC
Boli, Executive Compensation
and Long-Term Care
David Shoemaker, CPA/PFS, CFP®
(901) 754-4924 x101
EVERFI
Financial Education
Technology Platform
Ryan Swift, (202) 251-2400
Peter Quigg, (570) 278-3800
FORTREX TECHNOLOGIES
Vendor Risk Management System
J. Michael Edison, (240) 575-7476
ABA INSURANCE SERVICES
Bond, D&O, Internet Bank Liability
Insurance, and Employment
Practice Liability
Patricia Williams, (216) 220-1280
ACCUME PARTNERS
Outsourced Internal Auditing
and Risk Management Services
Jay Bowman, (484) 844-7132
AFFILIATED POWER
PURCHASERS INT’L
Electricity and Natural
Gas Procurement Services
Jane Seagraves, (800) 520-6685
APPROVAL PAYMENT
SOLUTIONS
Merchant Processing
Jason Dates, (888) 311-7248 x151
BANK HEALTH CARE
CONSORTIUM OF PA
32 banks received credits in surplus
of over $6.1 million in 2014 with
an average net funding increase in
single digits
Wayne Whipple, (717) 255-6925
BITS
Managed Service Provider for Voice
and Data Communication
Christian Ericson, (973) 474-1828
COMPLIANCE ALLIANCE
Quality Compliance Services
That Complement and Assist
Internal Compliance Personnel
Wayne Whipple, (717) 255-6925
DEALERTRACK COLLATERAL
MANAGEMENT SERVICES, INC.
Electronic Lien and Title Program
Wayne Whipple, (717) 255-6925
BANK HEALTH CARE CONSORTIUM OF PA
*As of April 6, 2015
NORTHEASTERN SECURITY
SYSTEMS
Electronic Security and Financial
Equipment Integrator
Mike Latrella, (570) 613-5025
OPTIMUM SYSTEM PLUS
Outsourced Internal Purchasing,
Office Supplies, Inventory Control
Meegan Possemato, (570) 207-5111
Connecting Professionals
www.pbasc.com
PW CAMPBELL
Planning, Design Coordination,
and Construction Management
Erin Campbell, (800) 253-7430
SENIOR HOUSING CRIME
PREVENTION FOUNDATION
Receive High-Yielding CRA Credit
Sue Shaffer, (901) 529-4787
* Vendor selections and recommendations are made in accordance with PA Bankers Services Corporation’s stated mission. It is believed that the promoted products and services merit strong consideration by PA Bankers member banks. PA Bankers Services Corporation due diligence and selection criteria should not be construed as a guarantee, as the ultimate appropriateness may vary from bank to bank. In addition, member banks are encouraged to conduct their own due diligence reviews of recommended vendors. Remuneration received by PA Bankers Services Corporation is utilized in-part to support the PA Bankers Association through contracted agreements, corporate sponsorships and overhead coverage. This financial support expands resources and strengthens the services and programs of the PA Bankers Association.
THE FULCRUM GROUP
INTERNATIONAL, INC.
Check Printing
Ted Amon, (770) 736-5787
GLOBALVISION SYSTEMS, INC.
Anti-Money Laundering
Catherine Lew
(818) 998-7851 x128
INVESTORS TITLE
INSURANCE COMPANY
Multi-Bank Owned Title
Insurance Program
Karen Brittain Barnett, (419) 577-5900
THE KAFAFIAN GROUP
Performance Measurement
Robert E. Kafafian
(973) 299-0300 x106
L.R. WEBBER ASSOCIATES, INC.
Multiple Medical, Drug, Dental &
Vision Options and EB Solutions
Brad Webber, (814) 695-8066
STATE TAX REFUND SERVICE
Sales Tax Recovery
Chad Hazam, (717) 691-5572
THE PROFESSIONAL
DEVELOPMENT GROUP
Organizational and Professional
Development Services
Shawn Kent Hayashi (888) 959-1188
UMB
Agent Credit Card Program
Rick Skopick, (815) 483-4294
UPS
Discounted Overnight and
Shipping Service
(800) 325-7000
Mention the ABA Program
ref#CP22000221
XEROX
Preferred Pricing on Xerox
Products and Supplies
John Gold, (717) 761-8300
ZURICH
Comprehensive Line of Property
and Casualty Products
Offering New Property and Casualty
Safety Group Dividend Plan
Christopher A. Taylor
(410) 559-8800
SERVICES CORPORATION
CAREER CENTER
Black 80%
Bank Health Care Consortium Ad
BANK HEALTH CARE CONSORTIUM OF PA
WHAT IS A CONSORTIUM?A consortium is joining together for the advantages of economies of scale and cost efficiencies. Each member organization can choose the benefit plan design and employee contribution structure that best suits its needs while paying its own rate. The rates are based on the financial institution’s demographics and historical claims experience.
HOW WILL THE CONSORTIUM ASSIST MY ORGANIZATION? • The consortium model is a vehicle to stabilize costs and cash flow for employee health benefits. • It provides benefits design flexibility, enabling even small institutions to offer employees a customized
benefit program. • If health benefits claims cost less than the coverage funded, the institution may receive a credit for the
surplus toward the funding of future health care costs. • The consortium model offers financial institutions protection from excessive costs in a year in which
employees experience high/shock medical claims.
THE CONSORTIUM CURRENTLY WORKS WITH THE FOLLOWING NETWORKSHighmark Blue Shield (Central PA) • Aetna (Southeast PA)
• BCNEPA (Northeast PA) • Highmark Blue Shield and Blue Cross (Western Pennsylvania)
LEARN MORE ABOUT THE PROGRAMIf your institution is interested learning more about the consortium, contact:Wayne Whipple - PA Bankers Services Corporation Brad Webber - L.R. Webber Associates, Inc.(717) 255-6925 • [email protected] (814) 695-8066 x232 • [email protected]
32 BANKS RECEIVED CREDITS IN SURPLUS OF OVER 6.1 MILLION DOLLARS IN 2014 WITH AN AVERAGE NET FUNDING INCREASE UNDER 9.5 PERCENT.
or
PA Bankers Association 38 Volume 17.6 | November-December 2015
PA BANKERS SERVICES CORPORATIONPROVIDES SAV INGS , SERV ICE AND QUAL ITY
How to manage environmental issues
Since As the market recovers and
commercial real estate lending increases,
lenders are looking for ways to grow
their business while still complying
with increased regulations, smaller
risk appetite and often a reduced staff.
How can lenders improve service and
profitability while still protecting their
bottom line? The use of environmental
insurance as a risk management tool can
be a cost-effective and efficient solution
to these challenges.
There are two common approaches
to environmental risk management
that lenders utilize on their commercial
real estate backed loans. When lenders
are requested to provide a loan, they
use various environmental tools, such
as questionnaires, environmental
database reports and environmental site
assessments (ESA), to try to identify
current and historical environmental
risks that may affect the decision to offer
the loan to the borrower. Lenders can also
transfer their environmental risk through
environmental insurance and have their
borrower pay an environmental fee at
loan closing to cover the cost instead.
Here’s a look at both options.
ENVIRONMENTAL TOOLS
Typically, both the loan amount
and property use determine what
level of environmental investigation is
performed on the property. For smaller
loans, typically less than $500,000, with
property uses that appear to present a
lower environmental exposure, a lender
may only require an environmental
questionnaire or database report to
evaluate the environmental exposure
associated with the property. For
larger loans or properties with a higher
ABOUT THE AUTHOR
DEBRA HAUSSER, CPCU, AVP - Financial
Institutions Leader, Environmental Site - Specialty
Products, Zurich North America
Zurich American Insurance Company
Specialty Products
1400 American Lane, Schaumburg, Illinois 60196-1056
800-382-2150 • www.zurichna.com
The information in this publication was compiled from sources believed to be reliable for informational
purposes only. All sample policies and procedures herein should serve as a guideline, which you can use
to create your own policies and procedures. We trust that you will customize these samples to reflect your
own operations and believe that these samples may serve as a helpful platform for this endeavor. Any
and all information contained herein is not intended to constitute advice (particularly not legal advice).
Accordingly, persons requiring advice should consult independent advisors when developing programs
and policies. We do not guarantee the accuracy of this information or any results and further assume no
liability in connection with this publication and sample policies and procedures, including any information,
methods or safety suggestions contained herein. We undertake no obligation to publicly update or revise
any of this information, whether to reflect new information, future developments, events or circumstances
or otherwise. Moreover, Zurich reminds you that this cannot be assumed to contain every acceptable safety
and compliance procedure or that additional procedures might not be appropriate under the circumstances.
The subject matter of this publication is not tied to any specific insurance product nor will adopting these
policies and procedures ensure coverage under any insurance policy.
© 2015 Zurich American Insurance Company
environmental exposure use, lenders have
often required Phase I environmental
site assessments to evaluate the
environmental risk.
The Phase I ESA report includes
an onsite visit by an environmental
consultant, interviews and records
research designed to disclose to a
prospective buyer the environmental
risks associated with the property.
From the lender’s perspective, these
reports can assist in evaluating potential
environmental concerns associated
with the collateral property that might
affect the value or result in other
potential environmental liabilities post-
foreclosure.
Phase I ESAs can help identify the
potential for environmental problems
associated with a property. However,
they do not test the soil or groundwater,
or test for vapor intrusion. To see if
contamination exists today you would
need to engage the environmental
consultant to perform these types of Phase
II ESAs or Subsurface Investigations. If a
new pollution event occurs during the
loan term, there would be no coverage
provided by the Phase I ESA. In addition,
ESAs do not provide indemnification
for the lender against environmental
costs that may appear in the wake of a
foreclosure.
As discussed, lenders often require
their borrower to provide a new Phase I
ESA in order to underwrite the loan. The
lender will often have a list of preferred
consultants they want to perform the
environmental site assessment. The cost
of a Phase I ESA varies nationally, but
usually runs between $2,200-$3,500,
depending on the size of the property,
Volume 17.6 | November-December 2015 39 pabanker.com
operations conducted on site or other
miscellaneous factors. These ESAs
usually take several weeks to complete.
ENVIRONMENTAL LIABILITY
INSURANCE
Over the past 20 years, lenders have
also been transferring environmental
risks on their collateral properties
utilizing environmental insurance
policies. Insurance companies with
specialized environmental experience
offer these types of coverages. They can
be underwritten for individual loans or
for portfolios of loans.
For single loan deals, lenders are using
environmental insurance when there
is a specific environmental concern
associated with the property. This
liability insurance can be used when a
borrower does not want to provide an
environmental indemnity or escrow
to the lender or have a Phase II ESA
performed on the site. In these cases, the
borrower purchases an environmental
insurance policy to benefit the lender.
This option allows for the lender to get
comfortable with the environmental risk,
rather than having to walk away from the
deal and is sometimes preferred by the
borrower as a lower cost option they have
to provide to get their lender comfortable
with the exposure.
For portfolio programs, lenders use
environmental insurance when they are
looking to transfer their environmental
risk, reduce costs and streamline their
procedures. Insurance companies can
take as few as three business days to see
if a loan meets their program criteria and
the cost for this coverage could be less
than that of a new Phase I ESA. Insurance
is provided on a claims-made basis and
remains in effect for the term of the
loan. The borrower pays the premium as
part of the loan closing costs. Insurance
companies utilize various environmental
tools including questionnaires and
database reports to get comfortable with
the environmental exposure on each
property, but generally will not require
a new Phase I ESA to underwrite loans
under portfolio programs.
Environmental liability insurance can
be another tool to help lenders make
more loans and provide peace of mind
for a lender, as well as:
• The ability to transfer the
environmental risk to a financially
sound insurer
• The ability to shield assets by
protecting collateral value
• The potential for expediting loan-
processing and reducing costs
• The opportunity to better manage
cash flow in the event of a claim
The potential complications
that environmental issues create in
the commercial loan process are a
prime consideration during the loan
qualification process. For lenders,
detection of an environmental risk can
kill a deal and the costs involved in a
foreclosed property with environmental
issues can be expensive. It’s helpful for
all parties involved in the loan equation
to remember the benefits that Phase
I environmental site assessments and
environmental liability insurance can
provide. These tools can be effective
ways to manage risk and provide greater
assurance to everyone involved.
PA BANKERS SERVICES CORPORATIONPROVIDES SAV INGS , SERV ICE AND QUAL ITY
PA Bankers Association 40 Volume 17.6 | November-December 2015
PA BANKERS SERVICES CORPORATIONPROVIDES SAV INGS , SERV ICE AND QUAL ITY
Zurich Check Presentations
This past fall, PA Bankers President & CEO Duncan Campbell presented checks to eight member institutions
who participate in Zurich’s Safety Group Dividend program. Their adherence to loss control measures as
evidenced by the Safety Group’s better-than-average loss ratio, have enabled them to lower their property and
casualty insurance expenses. The institutions utilizing Zurich’s services have saved a combined total of $42,506.06
over the past year. (Not included in the photos below, but also included in the eight banks mentioned above, are
First National Bank of Fredericksburg and Luzerne Bank.)
(Above): Daniel Berninger, Muncy Bank and Trust
(Above): Carol Myers and Elmer Laslo, 1st Summit Bank
(Above): Gerald Cuddy, Beneficial Bank
(Above): Nelson Person, Apollo Trust
(Above): Tom Petro, Fox Chase Bank
(Above): Brad Scovill, Citizens & Northern Bank
PA Bankers Association 42 Volume 17.6 | November-December 2015
PA BANKERS CALENDAR2016 - 17 ASSOC IAT ION EVENTS
2016
JANUARY
Payment Systems SeminarJan. 14
PA Bankers Training Room
Harrisburg
Group 3 Emerging Leaders
Regional Workshop Jan. 20
Radisson Lackawanna Station Hotel
Scranton
Group 5 Emerging Leaders
Regional Workshop Jan. 21
Sheraton Harrisburg-Hershey
Harrisburg
Group 2 Emerging Leaders
Regional Workshop Jan. 25
Holiday Inn
Lansdale
Group 8 Emerging Leaders
Regional Workshop Jan. 27
Pittsburgh Marriott
North Cranberry Township
JANUARY
Group 6 Emerging Leaders
Regional Workshop Jan. 28
Blair County Convention Center
Altoona
Group 4 Emerging Leaders
Regional Workshop Jan. 29
Williamsport Country Club
Williamsport
FEBRUARY
PA Bankers Leadership Institute –
Session #1 Feb. 10-11
PA Bankers Training Room
Harrisburg
2016 Economic Forecast Summit Feb. 23
Sheraton Harrisburg-Hershey
Harrisburg
MARCH
Women in Banking Conference March 7
Hershey Lodge & Convention Center
Hershey
MARCH
Call Report Seminar March 18
PA Bankers Training Room
Harrisburg
Emerging Leaders Conference March 24
Sheraton Harrisburg-Hershey
Harrisburg
Payment Systems Conference March 29
Conference Center at
Central Penn College
Summerdale
Branch Transformation Conference March 30
Conference Center at
Central Penn College
Summerdale
APRIL
Group 2 Spring Summit April 5
Rivercrest Golf Club
Phoenixville
Group 4 Spring Summit April 7
Williamsport Country Club
Williamsport
Group 8 Spring Summit April 12
Pittsburgh Marriott
North Cranberry Township
Group 6 Spring Summit April 13
The Calvin House
Duncansville
ABA Government Relations Summit ...... page 25
Approval Payment Solutions .................. page 26
Art Communication Systems, Inc ........... BC
Baker Tilly (formerly Parente Bearde) ... page 23
Bank Health Care Consortium of PA ....... page 37
Burns White ............................................ page 4
EDM Americas ........................................ page 19
Herbein ................................................... IFC
Mercadien ............................................... page 4
National Notary Association .................. page 32
PA Bankers Retired Banker Program .... page 32
PA Bankers Services Corporation
Career Center ...................................... page 36
PA Bankers Services Corporation
Title Insurance ..................................... page 33
Rhoads and Sinon .................................. page 26
Zurich ..................................................... page 41
INDEX OF ADVERTISERS
Volume 17.6 | November-December 2015 43 pabanker.com
PA BANKERS CALENDAR2016 - 17 ASSOC IAT ION EVENTS
APRIL
Group 3 Spring Summit April 14
Radisson Lackawanna Station Hotel
Scranton
Agricultural Lenders Conference April 19
Nittany Lion Inn
State College
Group 5 Spring Summit April 21
Sheraton Harrisburg-Hershey
Harrisburg
Advanced School of Commercial
Lending April 26-27
PA Bankers Training Room
Harrisburg
MAY
PA Bankers Leadership Institute –
Session #2 May 4-5
PA Bankers Training Room
Harrisburg
PA Banker Annual Convention May 11-14
The Fairmont Southampton
Bermuda
JUNE
School of Banking June 12-16
Penn Stater Conference Center
State College
JUNE
School of Commercial Lending June 12-16
Penn Stater Conference Center
State College
JULY
Advanced School of Banking July 24-29
Penn Stater Conference Center
State College
AUGUST
PA Bankers Leadership Institute –
Session #3 Aug. 3-4
PA Bankers Training Room
Harrisburg
Compliance School Aug. 22-25
PA Bankers Training Room
Harrisburg
OCTOBER
Consumer Lending School Oct. 5-7
PA Bankers Training Room
Harrisburg
NOVEMBER
Wealth Management & Trust
Conference & Exhibition Nov. 2-4
Hershey Lodge & Convention Center
Hershey
PA Bankers Leadership Institute –
Session #4 Nov. 9-10
PA Bankers Training Room
Harrisburg
Lending Conference Nov. 17-18
Hotel Hershey
Hershey
2017
FEBRUARY
PA Bankers Leadership Institute –
Session #5 Feb. 1-2
PA Bankers Training Room
Harrisburg
Wishing you and yours
the best in 2016. Thank
you for your readership
and continued interest
in paBanker magazine.
Respectfully,
The Pennsylvania Bankers
Association
PA Bankers Association 44 Volume 17.6 | November-December 2015
3897 North Front Street
Harrisburg, PA 17110
PRSRT STDUS POSTAGE
PAIDHARRISBURG PA
PERMIT #411THE OFFICIAL MAGAZINE OF THE
PENNSYLVANIA BANKERS ASSOCIATION
pa
PAP BBanankekekekekeeeeeeekeeeeekeeeeeeeeeeeeeeeeeeeeeeeeeeeerrrrrrrrssssssssrrrrrsrsrrrrrrrrssrrrsssrrsrrsssrrrsrrrrrssssrrrsssrrrrrrrrrrrsssrrssssrrrrrrssrsrrrrrrssrrrrrssrrrrss AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss ociatiionon 44444444444444444444444 VVVVVVVVVVVVVVVVoVooooooooVVVVVVVVVoVVVooVVVVVoVVVVVVVVVoVVVoooVVoVVVoVVVVVVVVVVVVoVVoVVoVooooVoVVoVVVoVVVoVooVVoVoVVoVVolululuuuuuuuuululluuulluullluulluuulluuuummememememememememememmememememmmeememmemmemmmmmmeememmmemmme 111111111111111111111111111117777777777777...777777.7....7777777777.7.777777..777777.7.7.7777.77777777777.777777777777777 6 6 6 66 6 6666 66666 666666 6 6666666666666 ||||||||||||||||||||||||||||||||||||||||| NoNoNNNoNNoNNoNoNoNoNNoNoNoNNoNNoNNooNoNNoNNNNNNoNoNoNNNNoNoNoNoNoNoNoNNNNNoNoNoNoNoNoNoNNoNNoNoNooNNNoNoNoNoNoNNoNooNoNoNooNNoNoNoNoNoNoNoNoNoNoNoNoNooNoNoNooNoNoNNNoNoNoNNoNoNNNNoNoNoNoNNoNoooNoovevvvevevevevvevevevevevevevevevevevevvvvvvevvevvevevvvvevevvvvevevevvevevevevveveeevevvevevvveeevevvveveveevvvvevvevevvvevveveevevvveeeeemmmmmmmmbmbmmbmmbmmbmmmbmmmmmbmmmmbmmmmmmmmmmbmmmmmmmmmmmmm eerereerrerer-D-D-D-DD-Decececcememeeembbebebb r r 2001515