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Penns Woods Bancorp Inc (PWOD.OQ)

PWOD.OQ on NASDAQ Stock Exchange Global Select Market

47.98USD
15 Dec 2017
Change (% chg)

$0.23 (+0.48%)
Prev Close
$47.75
Open
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Day's High
$48.05
Day's Low
$47.62
Volume
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Avg. Vol
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Summary

Name Age Since Current Position

R. Edward Nestlerode

62 2014 Chairman of the Board

Richard Grafmyre

62 2017 Chief Executive Officer, Director

Brian Knepp

40 2015 Chief Financial Officer, Senior Vice President, Secretary, Director

Cameron Kephart

41 2017 Director

Daniel Brewer

52 2012 Independent Director

Michael Casale

63 1999 Independent Director

William Edwards

44 2012 Independent Director

James Furey

67 1990 Independent Director

D. Michael Hawbaker

47 2007 Independent Director

Leroy Keiler

51 2006 Independent Director

Joseph Kluger

51 2013 Independent Director

John Nackley

62 2013 Independent Director

William Rockey

68 2014 Independent Director

Jill Schwartz

61 2013 Independent Director

Ronald Walko

68 2014 Independent Director

Kim Yale

IR Contact Officer

Biographies

Name Description

R. Edward Nestlerode

Mr. R. Edward Nestlerode, Jr., is the Chairman of the Board of the Corporation and is Vice President and Chief Executive Officer of Nestlerode Contracting Co., Inc., which specializes in bridge building. Mr. Nestlerode has served as a director since 1995. Mr. Nestlerode maintains strong community ties in the Clinton County area, which is a region that the Corporation intends to grow its business. Through his business, Mr. Nestlerode has developed knowledge of the construction industry, which provides the board with insight regarding the development of potential customer relationships and opportunities. In addition, Mr. Nestlerode’s previous experience as a Chief Financial Officer is valuable as a member of the Audit Committee.

Richard Grafmyre

Mr. Richard A. Grafmyre is Chief Executive Officer, Director of the Company. He served as President of Luzerne Bank , a wholly owned subsidiary of the Corporation. He has served as President and Chief Executive Officer of the Corporation and JSSB since joining the Corporation in October 2010. Prior to joining the Corporation, Mr. Grafmyre served as President, Chief Executive Officer, and Chairman of FNB Bank since 1997. For the efficient operation of the board, the board believes that the President and Chief Executive Officer should have a position on the board to act as a liaison between the board and management and to assist with the board’s oversight responsibilities by ensuring the board receives information from management in a timely and accurate manner to permit the board to carry out its responsibilities effectively. Mr. Grafmyre’s extensive professional banking experience within a larger holding company structure enables him to provide the board with insight as to how the Corporation’s operations, policies, and implementation of strategic plans compare to those of its peers.

Brian Knepp

Mr. Brian L. Knepp is Chief Financial Officer, Senior Vice President, Secretary, Director of Penns Woods Bancorp Inc. He joined the Corporation in 2005 as Vice President — Finance and became the Chief Financial Officer of the Corporation in April 2008 and Senior Vice President in 2012.

Cameron Kephart

Mr. Cameron Kephart is Director of the company. He is employed by Susquehanna Transit Company and Susquehanna Trailways, LLC, where he is responsible for the day-to-day operations of their School Bus and Motorcoach Divisions. Mr. Kephart will serve on both the Audit and Asset Liability Committees of the Company’s board of directors. He will be compensated for his service as a director on the same basis as other non-employee directors of the Company, including retainers and board and committee fees.

Daniel Brewer

Mr. Daniel K. Brewer serves as Independent Director of Penns Woods Bancorp, Inc., since July 10, 2012. He is a Certified Public Accountant and the principal and owner of Brewer & Company, LLC, a private CPA firm. Mr. Brewer’s experience and knowledge of financial standards and reporting is valuable to the Audit Committee of which he serves as the Chairman. Mr. Brewer’s business and social involvement in the greater area of Columbia and Montour Counties provides insight into the economic stability of this region. In addition, Mr. Brewer’s knowledge of financial statements assists the board in their review of certain loan requests.

Michael Casale

Mr. Michael J. Casale, Jr., is Independent Director of Penns Woods Bancorp Inc. He is the principal of Michael J. Casale, Jr., Esq., LLC. Mr. Casale has served as a director since 1999. Because banking is a highly regulated industry and success in the industry is dependent on adequately managing certain lending risks, Mr. Casale’s experience as an attorney is helpful to the board in reviewing the Corporation’s legal matters and documentation related to commercial lending matters.

William Edwards

Mr. William J. Edwards serves as Independent Director of Penns Woods Bancorp, Inc., since June 26, 2012. Mr. Edwards is President and owner of JEB Environmental Technologies, Inc., a storage tank construction company. Mr. Edwards has served as a director since 2012. Mr. Edwards, youngest board member, adds to the diversity of the board and helps to ensure that the board will develop board members with a depth of knowledge of the Corporation and the Bank, in order to avoid knowledge and experience voids as older board members retire. In addition, Mr. Edwards’ business involvement in various communities provides insight into the economic health of the communities, while also providing insight into potential customer relationships.

James Furey

Mr. James M. Furey, II, is Independent Director of Penns Woods Bancorp Inc. He is President and owner of Eastern Wood Products. Mr. Furey has served as a director since 1990. Through Mr. Furey’s professional experience in the lumber industry, which is significant in the Williamsport region, he has developed strong ties to the community. From these community relationships, Mr. Furey provides the board with insight as to the growth opportunities and real estate industry within the Williamsport region.

D. Michael Hawbaker

Mr. D. Michael Hawbaker is Independent Director of Penns Woods Bancorp Inc. is Executive Vice President of Glenn O. Hawbaker, Inc., a provider of heavy construction services and products throughout the company’s market area in Centre County, Pennsylvania. Mr. Hawbaker has served as a director since 2007. Mr. Hawbaker is one of our youngest board members, adds to the diversity of the board, and helps to ensure that the board will develop board members with a depth of knowledge of the Corporation, in order to avoid knowledge and experience voids as older board members retire. Additionally, Mr. Hawbaker understands the community and political landscape of the Centre County area where the board intends to continue to grow the Corporation’s business. Mr. Hawbaker possesses a level of financial acumen important to his service as a member of the Audit Committee.

Leroy Keiler

Mr. Leroy H. Keiler, III, is Independent Director of Penns Woods Bancorp Inc. He is an Attorney at Law. Mr. Keiler has served as a director since 2006. Because banking is a highly regulated industry and success in the industry is dependent on adequately managing certain lending risks, Mr. Keiler’s experience as an attorney is helpful to the board in reviewing the Corporation’s legal matters and documentation related to residential lending matters. Additionally, Mr. Keiler’s relatively younger age adds to the diversity of the board and helps to ensure that the board will develop board members with a depth of knowledge of the Corporation, in order to promote continuity in the board.

Joseph Kluger

Mr. Joseph E. Kluger serves as Independent Director of Penns Woods Bancorp, Inc., since June 1, 2013. He is a Managing Principal of Hourigan, Kluger & Quinn P.C., where he has practiced law primarily in the fields of corporate finance, real estate, and for-profit and not-for-profit corporate and business law for more than 22 years. Mr. Kluger has served as a director since 2013. Mr. Kluger’s experience as an attorney is helpful to the board in reviewing the Corporation’s legal matters, corporate governance issues, and documentation related to the lending process and workout matters.

John Nackley

Mr. John G. Nackley serves as Independent Director of Penns Woods Bancorp, Inc., since June 1, 2013. He is President & CEO, InterMetro Industries Corporation, a division of Emerson, after serving as Vice President and Executive Vice President. Mr. Nackley has served as a director since 2013. Mr. Nackley’s experience in a Fortune 500 company provides the board with leadership in the business climate, financial reporting, strategic planning, marketing, and governance.

William Rockey

Mr. William H. Rockey is Independent Director of Penns Woods Bancorp Inc. He is a retired former Senior Vice President of the Corporation. He was the president of the former First National Bank of Spring Mills. Mr. Rockey has served as a director since 1999. Mr. Rockey’s ties to Centre County, Pennsylvania will assist the Corporation in growing its business in the Centre County region. In addition, Mr. Rockey’s former position with the Corporation, along with his long-time professional banking experience in Centre County, Pennsylvania, combined with his knowledge and familiarity of the Corporation’s culture and operating procedures, provide the board with significant business development resources and experience.

Jill Schwartz

Ms. Jill Fortinsky Schwartz serves as Independent Director of Penns Woods Bancorp, Inc., since June 1, 2013. She is the senior partner of Wyoming Weavers, Swoyersville, PA and President of Fortune Fabrics, Inc., positions she has held since 1985. She is also the owner of Gosh Yarn It!, a yarn boutique located in Kingston, PA. Ms. Schwartz has served as a director since 2013. As president of a local manufacturing company along with many years of experience as a bank director, Ms. Schwartz provides the board with an understanding of the local business climate and growth opportunities for the Corporation.

Ronald Walko

Mr. Ronald A. Walko is Independent Director of the Company. Prior to which he was Chairman of the Board of Penns Woods Bancorp Inc., and Jersey Shore State Bank, a wholly owned subsidiary of the Corporation. He is a retired President and Chief Executive Officer of the Corporation. Mr. Walko remains active in various civic organization's in the Williamsport area. With 25 plus years of service with the Corporation, Mr. Walko possesses a deep understanding of the Corporation’s operations, which assists the board in strategic planning and management oversight.

Kim Yale