THE OFFICIAL MAGAZINE OF THE PENNSYLVANIA …pbasc.com/media/3114/novdecpabanker_final.pdf · George P. Karlheim Treasurer J. Duncan Campbell III Editorial Advisors J. Duncan Campbell

PA Bankers120th Anniversary

Thank You,Volunteers

2015 Fall TrainingWrap-Up

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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


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


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


[email protected]

(717) 255-6916

EXTERNAL RELATIONS

Senior Vice President,

External Relations,

Luke Bernstein

[email protected]

(717) 255-6911

Director, Marketing &

Communications

Christine F. Cronkright

[email protected]

(717) 255-6915

Director, Government Relations

Erin L. Kanter

[email protected]

(717) 255-6910

Administrative Assistant,

External Relations

Jo Ann Neidert

[email protected]

(717) 255-6937

Vice President,

Government Relations

Daniel J. Reisteter

[email protected]

(717) 255-6933

MEMBER RELATIONS &

PROFESSIONAL DEVELOPMENT

Registrar &

Administrative Assistant

Jill A. Ametrano

[email protected]

(717) 255-6927

Director,


Julie A. Carr

[email protected]

(717) 255-6914

Vice President, Training

& Meeting Management

Jacqueline A. Catalano

[email protected]

(717) 255-6939

Director, Member Relations

Tiffani A. Chambers

[email protected]

(717) 255-6928

MEMBER RELATIONS &

PROFESSIONAL DEVELOPMENT

ABA Training


Donna L. Price

[email protected]

(717) 255-6926

Member Relations,


Linda A. Scott

[email protected]

(717) 255-6903

Senior Vice President,

Member Relations

& Professional Development

Cynthia L. Wallett

[email protected]

(717) 255-6913

Vice President, Business

Development

Wayne R. Whipple

[email protected]

(717) 255-6925

Director, Residential Schools

& Meeting Operations

Marilyn Wisniewski

[email protected]

(717) 255-6934

OPERATIONS & FINANCE

Vice President,

Finance & Operations

Michelle L. Staton

[email protected]

(717) 255-6923

Director, Information Technology

Connie A. Ferraro

[email protected]

(717) 255-6921

Office Accountant

Annette M. Moshgat

[email protected]

(717) 255-6938

Receptionist

Michelle Bosch

[email protected]

(717) 255-6900

GENERAL COUNSEL

Legal Assistant

Lisa R. Brandt

[email protected]

(717) 255-6936

General Counsel

Louise A. Rynd, Esq.

[email protected]

(717) 255-6935


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


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 ‹


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


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


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:


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 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.


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


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.


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.


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.


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


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


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!


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


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


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


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


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.


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


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

[email protected]

EDM AMERICAS

Status and Statement Processor

Gary Simpson, (201) 725-2452

[email protected]

EQUIAS ALLIANCE, LLC

Boli, Executive Compensation

and Long-Term Care

David Shoemaker, CPA/PFS, CFP®

(901) 754-4924 x101

[email protected]

EVERFI

Financial Education

Technology Platform

Ryan Swift, (202) 251-2400

[email protected]

Peter Quigg, (570) 278-3800

[email protected]

FORTREX TECHNOLOGIES

Vendor Risk Management System

J. Michael Edison, (240) 575-7476

[email protected]

ABA INSURANCE SERVICES

Bond, D&O, Internet Bank Liability

Insurance, and Employment

Practice Liability

Patricia Williams, (216) 220-1280

[email protected]

ACCUME PARTNERS

Outsourced Internal Auditing

and Risk Management Services

Jay Bowman, (484) 844-7132

[email protected]

AFFILIATED POWER

PURCHASERS INT’L

Electricity and Natural

Gas Procurement Services

Jane Seagraves, (800) 520-6685

[email protected]

APPROVAL PAYMENT

SOLUTIONS

Merchant Processing

Jason Dates, (888) 311-7248 x151

[email protected]

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

[email protected]

BITS

Managed Service Provider for Voice

and Data Communication

Christian Ericson, (973) 474-1828

[email protected]

COMPLIANCE ALLIANCE

Quality Compliance Services

That Complement and Assist

Internal Compliance Personnel


[email protected]

DEALERTRACK COLLATERAL

MANAGEMENT SERVICES, INC.

Electronic Lien and Title Program


[email protected]

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

[email protected]

OPTIMUM SYSTEM PLUS

Outsourced Internal Purchasing,

Office Supplies, Inventory Control

Meegan Possemato, (570) 207-5111

[email protected]

Connecting Professionals

www.pbasc.com

PW CAMPBELL

Planning, Design Coordination,

and Construction Management

Erin Campbell, (800) 253-7430

[email protected]

SENIOR HOUSING CRIME

PREVENTION FOUNDATION

Receive High-Yielding CRA Credit

Sue Shaffer, (901) 529-4787

[email protected]

* 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

[email protected]

GLOBALVISION SYSTEMS, INC.

Anti-Money Laundering

Catherine Lew

(818) 998-7851 x128

[email protected]

INVESTORS TITLE

INSURANCE COMPANY

Multi-Bank Owned Title

Insurance Program

Karen Brittain Barnett, (419) 577-5900

[email protected]

THE KAFAFIAN GROUP

Performance Measurement

Robert E. Kafafian

(973) 299-0300 x106

[email protected]

L.R. WEBBER ASSOCIATES, INC.

Multiple Medical, Drug, Dental &

Vision Options and EB Solutions

Brad Webber, (814) 695-8066

[email protected]

STATE TAX REFUND SERVICE

Sales Tax Recovery

Chad Hazam, (717) 691-5572

[email protected]

THE PROFESSIONAL

DEVELOPMENT GROUP

Organizational and Professional

Development Services

Shawn Kent Hayashi (888) 959-1188

[email protected]

UMB

Agent Credit Card Program

Rick Skopick, (815) 483-4294

[email protected]

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

[email protected]

ZURICH

Comprehensive Line of Property

and Casualty Products

Offering New Property and Casualty

Safety Group Dividend Plan

Christopher A. Taylor

(410) 559-8800

[email protected]

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 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,


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.




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 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



Sheraton Harrisburg-Hershey

Harrisburg



Holiday Inn

Lansdale



Pittsburgh Marriott

North Cranberry Township

JANUARY



Blair County Convention Center

Altoona



Williamsport Country Club

Williamsport

FEBRUARY

PA Bankers Leadership Institute –

Session #1 Feb. 10-11


Harrisburg

2016 Economic Forecast Summit Feb. 23


Harrisburg

MARCH

Women in Banking Conference March 7

Hershey Lodge & Convention Center

Hershey

MARCH

Call Report Seminar March 18


Harrisburg

Emerging Leaders Conference March 24


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


Williamsport Country Club

Williamsport


Pittsburgh Marriott

North Cranberry Township


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


Career Center ...................................... page 36


Title Insurance ..................................... page 33

Rhoads and Sinon .................................. page 26

Zurich ..................................................... page 41

INDEX OF ADVERTISERS


PA BANKERS CALENDAR2016 - 17 ASSOC IAT ION EVENTS

APRIL


Radisson Lackawanna Station Hotel

Scranton

Agricultural Lenders Conference April 19

Nittany Lion Inn

State College



Harrisburg

Advanced School of Commercial

Lending April 26-27


Harrisburg

MAY


Session #2 May 4-5


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


State College

JULY

Advanced School of Banking July 24-29


State College

AUGUST


Session #3 Aug. 3-4


Harrisburg

Compliance School Aug. 22-25


Harrisburg

OCTOBER

Consumer Lending School Oct. 5-7


Harrisburg

NOVEMBER

Wealth Management & Trust

Conference & Exhibition Nov. 2-4

Hershey Lodge & Convention Center

Hershey


Session #4 Nov. 9-10


Harrisburg

Lending Conference Nov. 17-18

Hotel Hershey

Hershey

2017

FEBRUARY


Session #5 Feb. 1-2


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


3897 North Front Street

Harrisburg, PA 17110

PRSRT STDUS POSTAGE

PAIDHARRISBURG PA

PERMIT #411THE OFFICIAL MAGAZINE OF THE

PENNSYLVANIA BANKERS ASSOCIATION

pa

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THE OFFICIAL MAGAZINE OF THE PENNSYLVANIA …pbasc.com/media/3114/novdecpabanker_final.pdf · George P. Karlheim Treasurer J. Duncan Campbell III Editorial Advisors J. Duncan Campbell

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