CLARKS SUMMIT, Pa.,
July 19 /PRNewswire-FirstCall/ --
Comm Bancorp, Inc. (Nasdaq: CCBP) held its annual stockholders'
meeting today at Elk Mountain Ski Resort, Union Dale, PA.
Stockholders voted and elected the following directors to serve
for a one-year term: David L. Baker,
Senior Vice President of Community Bank & Trust Company;
William F. Farber, Sr., President
and Chief Executive Officer and Chairman of Comm Bancorp, Inc.;
Judd B. Fitze, partner in Farr,
Davis & Fitze; Dean L. Hesser,
President of Tom Hesser Chevrolet,
Inc. and Tom Hesser Nissan, LLC;
John P. Kameen, publisher of The
Forest City News; Erwin T. Kost,
President of Kost Tire Distributors, Inc.; Susan F. Mancuso, partner in Mancuso and Mancuso
Accounting and Tax Service; and Joseph P.
Moore, III, automobile dealer, Manheim Imports. In
addition, stockholders ratified the appointment of ParenteBeard LLC
as independent auditors for the current fiscal year.
John P. Kameen, Secretary, called
the meeting to order and welcomed the stockholders in attendance.
Before introducing President and Chief Executive Officer,
William F. Farber, Sr., Mr. Kameen
discussed cost-saving initiatives implemented by the Company during
2009. During a brief presentation, Mr. Farber addressed the
stockholders about economic conditions and the regulatory
environment and their impact on the Company's recent
performance.
Comm Bancorp, Inc. serves six Pennsylvania counties through Community Bank
& Trust Company's fifteen community banking offices and one
loan production office. Each office, interdependent with the
community, offers a comprehensive array of financial products and
services to individuals, businesses, nonprofit organizations and
government entities. In addition, customers can take
advantage of Klick(SM) Banking, on-line banking services, by
accessing the Company's web site at http://www.combk.com. The
Company's business philosophy includes offering direct access to
its President and other officers and providing friendly, informed
and courteous service, local and timely decision making and
flexible and reasonable operating procedures and
consistently-applied credit policies.
Visit Comm Bancorp, Inc. on the World Wide Web at
http://www.combk.com.
Except for historical information contained herein, the matters
discussed in this press release are forward-looking statements that
involve risks and uncertainties in the banking industry and overall
economy. Such risks and uncertainties are detailed in the Company's
Securities and Exchange Commission reports including the Amendment
No. 1 to the Annual Report on Form 10-K/A for the year ended
December 31, 2009, Annual Report on
Form 10-K for the year ended December 31,
2009 and Quarterly Report of Form 10-Q for the quarter ended
March 31, 2010.
SOURCE Comm Bancorp, Inc.