144th ANNUAL MEMBERSHIP MEETING MINUTES
September 17, 2021
The Scottsdale Fairmont Princess, Scottsdale, AZ

WELCOME AND OPENING REMARKS:
Annual membership meeting attendees stood for the national anthem. PACB President/CEO, Kevin Shivers, welcomed the group and introduced Lori A. Cestra, EVP/COO of Enterprise Bank.
 
Ms. Cestra welcomed all guests and recognized the past Chairs of the association, thanking them for their leadership.
 
CALL TO ORDER:
Chair Cestra called the meeting to order at 8:26 a.m.
 
APPROVAL OF MINUTES: 
Chair Cestra reviewed the minutes of the 2020 Annual Membership Meeting.  A motion was made and seconded to approve the minutes as presented.  Motion carried.
 
TREASURER’S REPORT:
PACB Secretary/Treasurer Scott Patton, Pres./CEO of Mercer County State Bank, reviewed the financial statements of PACB, its subsidiary and affiliates.  A motion was made and seconded to approve the treasurer’s report as presented.  Motion carried.
 
ELECTION OF OFFICERS AND DIRECTORS:
Secretary Patton announced the election results for the 2021-2022 PACB Board of Directors. He cast the ballot for the following officers and directors that were elected by written ballot:
 
 CHAIRPERSON:                       Roger A. Zacharia, President/CEO, Ambler Savings Bank
 CHAIRPERSON-ELECT:           Timothy P. Snyder, President/CEO, Fleetwood Bank
 VICE CHAIRPERSON:               Scott D. Patton, President/CEO, Mercer County State Bank
 SECRETARY/TREASURER:       Charles B. Crawford, Jr., Chairman/CEO, Hyperion Bank

Area Directors
Region 1:      Charles W. Trump, Jr., President/CEO/Dir., First Federal S&L Association of Greene Co.
Region 3:      P. Douglas Darlington, President/CEO, Phoenixville Federal Bank & Trust
 
Asset Group Directors
$0-175M:     
Josh M. Mooney, Loan Department, Port Richmond Savings
Terry L. Foster, President/CEO, MCS Bank
$175-400M: 
Timothy A. Bracken, SVP/CFO, PennCrest BANK
Jeffrey R. Blair, President/CEO, Greenville Savings Bank
$400M +:     
Kenneth J. Stephon, President/CEO, William Penn Bank
Lance O. Diehl, President/CEO, First Columbia Bank & Trust Co.
William C. Marsh, Chairman/President/CEO, Farmers National Bank of Emlenton
 
The original ballot for 2021, previously mailed to the PACB membership, included Michael Peduzzi of Mid Penn Bank as the nominee for re-election to a Region 2 board position. Since then, Mr. Peduzzi has left the PACB member bank and accepted a position with a non-member. Therefore, he is currently ineligible for PACB board service. Under the PACB Bylaws, he is automatically removed as a director and a future nomination will be considered by the PACB board to fill the vacancy. A motion was made and seconded to validate the election results.  Motion carried.
 
SALUTES:
Secretary Patton then read the “Salutes” to honor and thank those Board members whose terms were concluding, as well as, the Committee Chairs for their service over the past year.
 
Jon P. Conklin, President/CEO, Woodlands Bank
Brendan J. McGill, President/CEO, Harleysville Bank
Andrew W. Hasley, President, Standard Bank  
Edward T. Martel, Jr., Chair, Education Committee
Wendy Nagle, Vice Chair, Education Committee
Scott Patton, Chair, Finance & Budget Committee
Chuck Leyh, Chair, FIRSTPAC Committee
Chuck Leyh, Chair, Legislative Committee
Terry L. Foster, Chair, PACB Foundation
William E. Ritenour, Vice Chair, PACB Foundation
Thomas Ondek, Chair, PACB Services, Inc.
Charles Benz, Vice Chair, PACB Services, Inc.
 
 
CHAIRMAN’S REMARKS:
Ms. Cestra thanked her fellow Executive Committee members, the PACB staff, the board of directors at PACB and Enterprise Bank, and her family. She talked of how proud she is of the entire community banking industry and how they stepped up during the global pandemic to help people through a challenging time via the PPP. She reflected on the difficulties she faced connecting with her peers during her tenure as Chair due to strict social distancing rules, but learned through these meetings that the industry is headed towards a bright and prosperous future. She encouraged everyone to continuing saying “yes” to their customers and businesses, enabling peoples dreams to come true. She reflected on a wonderful and quick year as Chair, and wished Roger much success during his term.

INCOMING CHAIR’S REMARKS:
Mr. Zacharia thanked Ms. Cestra for her leadership, passion, flexibility and steadfast commitment to PACB over the past challenging year and presented her with the Past Chair’s salute and pin.
 
Mr. Zacharia provided a multitude of thanks to his family, PACB Executive Committee members, Ambler Savings Bank Board of Directors, PACB staff, PACB Services, and FirstPAC for their trust in him and providing this opportunity to serve. Mr. Zacharia encouraged attendees to get involved with PACB in various ways to help community banks stay independent, competitive, strong and profitable. He shared his experience with hurricane Ida, demonstrating how banks, just like families, can band together to overcome adversity and help the community during times of crisis.
 
Lastly, he thanked the membership for entrusting him with this responsibility, noting he deeply values the honor and opportunity to serve as the next Chair of the PACB.
 
PRESIDENT/CEO’S REPORT:
Mr. Shivers thanked Ms. Cestra for her service, leadership and dedication during the darkest days of the pandemic and for being a role model to all. He then thanked Incoming Chair Roger Zacharia for his service, noting he looks forward to working with Roger and his accounting expertise next year. He thanked Jon Conklin as past chair for his leadership and dedication in his role over the past year, and then shared his vision for PACB’s future.
 
Mr. Shivers lauded the membership for their work during the pandemic. Thanking them for their selfless service, their ability to approve loans quickly, and for banding together to make the PPP program effective. He outlined PACB’s ability to successfully fight for three new laws to protect banking customers and their ability to serve them. He praised Richard Vague, PACB’s “Banker of the Year” for the support his office provided to the membership. He proudly announced three new PACB members; Dollar Bank, First Keystone Community Bank and Penn Community Bank. He then recognized the PACB staff and confirmed membership needs are being heard and PACB is responding by expanding training, improving technology offerings, improved networking opportunities and enhanced quality of legislative advocacy. Mr. Shivers encouraged the membership to use the new communications platform “Connected Community” to find and share banking information.                                 
            
FIRSTPAC COMMITTEE AWARDS:
Mr. Shivers introduced FIRSTPAC Committee Chair Chuck Leyh, President/CEO, Enterprise Bank, who highlighted the importance of participation in the PAC, thanking all who contributed for their support over the past year.  Chair Leyh outlined a change in the awards presentation this year. The Chairman’s award is given to the bank who has reached or exceeded their PACB defined FirstPAC contribution goals and has the highest participation from their board and employees.

The award was presented to PennCrest BANK.
                         
The inaugural Advocate of the Year award, recognizes the individual who demonstrated their commitment to advocacy on behalf of the industry by contributing more than any other person during the year.
 
The award was presented to Doug Lockard, Enterprise Bank and accepted by Lori Cestra.
 
FirstPAC Founder’s Club includes banks who have met their challenge amounts, and donated significantly more to FirstPAC than they did in the previous year. The award recipients are as follows:
Ambler Savings Bank
Jonestown Bank & Trust Co.
Phoenixville Federal Bank and Trust
First Federal S&L Association of Greene Co.
Enterprise Bank
 
The final award recognizes banks who have met their challenge amount and show excellence in generating support for FirstPAC amongst their employees. Team Award recipients are as follows:
 Altoona First Savings Bank
 Ambler Savings Bank
 Brentwood Bank
 Enterprise Bank
 First Federal S&L Association of Greene Co.
 Fleetwood Bank
 InFirst Bank
 Jonestown Bank & Trust Co.
 Mercer Co. State Bank
 PennCrest BANK
 Phoenixville Federal Bank & Trust
 
Mr. Leyh then shared all of the banks who achieved 100% board director participation in FirstPAC donations. Those banks with 100% participation include:
 Altoona First Savings Bank
 Ambler Savings Bank
 Harleysville Bank
 Enterprise Bank
 Fleetwood Bank
 Phoenixville Federal Bank & Trust
 First Federal S&L Association of Greene Co.
 Fleetwood Bank
 
Mr. Leyh then selected the winner of the initial FirstPAC skills challenge.
 
Ms. Cestra then thanked all of the Annual Meeting corporate sponsors for their support and thanked all members for attending.
 
No further business was discussed, a motion was made and seconded to adjourn the meeting. Motion carried. The meeting was adjourned at 9:42 a.m.
 
Respectfully submitted,
  
Scott D. Patton
Secretary/Treasurer
Underline – Action taken