Kish Bancorp, Inc. Annual Report 2016

FY2016 Annual Report · Kish Bancorp, Inc.

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Evolving
Touchpoints

2016 Annual Report

Chairman's Letter
To The Shareholders

It is my pleasure to present the 2016 Annual Report to the
shareholders and community stakeholders of Kish Bancorp,
Inc. The Corporation continued its focus on growth in the
region during the year, investing in talent, systems, products,
and the communities we serve. All of Kish’s indicators are
green, encouraging continued growth and expansion. Our
performance metrics are positive and reflect results that
document the long-term sustainability of the Kish model:

• Net income reached a new high at $4.617 million, an
increase of $123 thousand, or 2.74%, compared to
$4.494 million in 2015.

• Loans increased by $43 million, or 9.62%, to $495

million from $451 million at the end of December 2015.

• Total deposits grew by $19 million to $562 million, an

increase of 3.56%.

• Total assets reached a new high of $725 million at year

end 2016.

• Book value of $43.27 per share as of December 31, 2016
increased 3.57% over book value of $41.78 per share as
of December 31, 2015.

• Total equity increased to $53.593 million from $51.281

million the prior year.

• The net interest margin was 3.31% for 2016, compared

to 3.29% for the prior year.

The banking industry is emerging from perhaps the most
challenging period for community banking in nearly a
century. Sustained low interest rates and a longer-than-
anticipated recovery from the global financial crisis of 2008
and 2009 have compressed margins industry-wide. This
phenomenon has made strategic planning, while always
valuable, a mission critical activity. Kish’s engagement
in the strategic planning process has served us well. The
Corporation’s key ratios for the past three years have been
stable when compared to peers, and position the Corporation
well to continue its growth trajectory.

Strategic planning also has helped to identify a number of
competitive advantages at Kish. First among those is Kish’s
continuing commitment to its client centric business model.
Kish clients continue to express their appreciation for what

William P. Hayes
Chairman of the Board, President
and Chief Executive Officer

they have come to recognize as “the Kish experience,” which
reflects the Corporation’s commitment to go the distance
required to help clients reach their goals in ways that are not
just smart and successful, but welcoming and hospitable. A
persistent theme among newly acquired Kish clients is: “If I
had known how well Kish was going to treat me, I would have
switched a long time ago!”

With 2016 now behind us, we are optimistic that a growing
understanding of the role community banks play in the
state and nation will lead to some relief from the regulatory
burdens designed for much larger banks.

In 2016, Kish continued its investment in talent, both by
elevating top performers and adding new talent recognized
in the industry and in the market. Of particular note for
shareholders and community stakeholders are:

Gregory Hayes, who joined Kish Bank in 2006 and worked
his way through a comprehensive set of responsibilities
that ranged from Teller to Head of Retail Banking and
Client Solutions, was promoted to Senior Executive Vice
President and Chief Operating Officer. Mr. Hayes leads
the Corporation’s organization-wide sales and marketing
efforts and has responsibility for the day-to-day operating
activities of the Bank, including operations, systems,
information security, technology, and compliance.

James Shilling was promoted to Executive Vice President
and Chief Business Banking Officer. Mr. Shilling, a widely
respected veteran of the industry, with 26 years at Kish
Bank, leads a commercial banking team that increased
loans outstanding by $43 million, or 9.62%, in 2016.
In his new position, Mr. Shilling is responsible for the
development and delivery of all lending and non-lending
business banking services.

2016 Annual Report 1

2016

ConTEnTs

Chairman’s Letter to the Shareholders

Riding the Twin Rails to the Future

Financial Highlights

Board Members and Directors

1–2

3–6

CommiTmEnTCommuniTysaTisfaCTionTEChnoLogyrELaTionshipsspEEdsECuriTyEngagEmEnTChairman's Letter
To The Shareholders

• Net income reached a new high at $4.617 million, an
increase of $123 thousand, or 2.74%, compared to
$4.494 million in 2015.

• Loans increased by $43 million, or 9.62%, to $495

million from $451 million at the end of December 2015.

• Total deposits grew by $19 million to $562 million, an

increase of 3.56%.

• Total assets reached a new high of $725 million at year

end 2016.

• Book value of $43.27 per share as of December 31, 2016
increased 3.57% over book value of $41.78 per share as
of December 31, 2015.

• Total equity increased to $53.593 million from $51.281

million the prior year.

• The net interest margin was 3.31% for 2016, compared

to 3.29% for the prior year.

William P. Hayes
Chairman of the Board, President
and Chief Executive Officer

2016 Annual Report 1

2016

ConTEnTs

Chairman’s Letter to the Shareholders

Riding the Twin Rails to the Future

Financial Highlights

Board Members and Directors

1–2

3–6

CommiTmEnTCommuniTysaTisfaCTionTEChnoLogyrELaTionshipsspEEdsECuriTyEngagEmEnTIn addition to the acquisition and development of talent,
the Corporation also invested this year in a state-of-the-art
client relationship management system designed to help the
Kish team serve clients more broadly and efficiently. All Kish
team members were trained to use the system to its fullest
advantage to engage with clients in support of Kish’s service
excellence culture.

The exemplary performance of the mortgage banking unit
in 2016 is worthy of special mention. The mortgage bankers
mastered new and complex regulatory requirements,
instituted processes that led to a decrease in the amount
of time it takes to close mortgage loans, and added new
products to respond to market needs. The combined efforts
of this highly professional and hard-working team enabled
the unit to reach its stretch goal of $55 million in mortgage
loan originations this year.

In 2016, Kish hosted its second annual “Kish Celebrates
Community” event at Juniata College, a valued partner in the
community and region. We hold this celebration each year to
recognize the power of individuals to come together to make
a positive difference. In the process, the Corporation’s culture
of volunteerism is validated as Kish continues its focus on our
communities.

None of this would be possible without the leadership
and support of the distinguished members of our Board of
Directors. We gratefully acknowledge their contributions in
guiding Kish’s vision for service excellence, while monitoring
the risks inherent in the banking and financial services
industry. Our deepest gratitude is expressed to the members
of our Board and Regional Boards, who are listed separately
in this report.

We also want to express sincere thanks to our shareholders
and community stakeholders. We know we could not be
successful without a shared belief in the value and worth that
Kish brings to this region that is our home.

We all live in a world where change is an ever-accelerating
constant. The future and sustainability of community banking
requires continuous monitoring of the environment that
surrounds us in order to plan and prepare for the future.
Toward that end, I encourage you to read the following
pages regarding the "twin rails" Kish Bancorp has put in place
to craft the bright future we seek for the Corporation, its
employees, and the communities we serve.

Sincerely,

William P. Hayes
Chairman of the Board, President and
Chief Executive Officer

All of Kish’s indicators are

green, encouraging continued

growth and expansion.

Richard Sarfert was recruited to fill the position of
Executive Vice President and Senior Lending Officer,
previously held by Mr. Shilling. With 30 years of
experience in the financial services industry focused on
commercial lending and credit administration, Mr. Sarfert
will report to Mr. Shilling as the two executives partner
to continue to grow Kish’s commercial lending presence
across the central Pennsylvania region.

Mark Cvrkel was recruited to the position of Executive
Vice President and Chief Financial Officer of Kish Bank
and Kish Bancorp. He brings knowledge and experience
gained at banks with assets in excess of $1 billion and
is providing strategic advice and financial oversight
regarding the continued growth and development of
the Corporation. He replaces Ms. Sangeeta Kishore, who
resigned to pursue other career opportunities.

Kevin Rimmey was recruited to the position of Assistant
Vice President, Commercial Relationship Manager. Mr.
Rimmey is a member of the PA Bankers Association’s
Agricultural & Rural Issues Advisory Committee. Before
joining Kish, he was a business development lender in
Centre and Clinton Counties for Jersey Shore State Bank.

Alta Corman-Wolf was recruited to the position of
Vice President, Residential Lender, adding depth and
reputation to Kish’s mortgage banking unit. Ms. Corman-
Wolf has broad experience in Kish’s Centre County region
and shares Kish’s commitment to exemplary client service.

Terry Horner was recruited to the position of Vice
President, Business Development Officer for the Bellefonte
region. Mr. Horner brings over 40 years of industry
experience, most recently with M&T Bank in Bellefonte.

Kish Bancorp enjoyed its 116th year in
business in 2016. The durability of Kish Bank
and its affiliates far exceeds the average
corporate life cycle of about 40 years. An
important reason for the Corporation’s
noteworthy success and sustainability is
its unwavering commitment to making a
positive difference in the lives of its clients
and communities. Another reason is Kish’s
willingness to anticipate and adapt to
change as the Company works to deliver a
full menu of banking and financial services
to its clients. To do that, Kish has embraced
change intentionally and strategically, while
remaining focused on its client centric
business model. The formula is simple: when
clients succeed, the Corporation succeeds.
And we are committed to doing whatever it
takes to make success happen.

In the current environment, the rate of
change is accelerating, and nowhere is that
pace more evident than in the proliferation
of FinTech companies, those companies
that use technology platforms to conduct
the fundamental functions provided by the
financial services industry. These tech start-
ups seek to transform how consumers store,
save, borrow, invest, move, pay, and protect
money. FinTech start-ups in August 2016
were greater than 2,000, compared to 800
in April 2015. Billions of venture capital and
growth equity dollars are being invested
in these start-ups—$12.2 billion in 2014
alone. With the adoption of mobile banking
surging, the necessity of traditional branch
banking is on the decline. This is occurring
amidst a significant demographic shift. In the
United States alone, 85 million millennials,

2 Kish Bancorp, Inc.

2016 Annual Report 3

The Expect More StoreIn addition to the acquisition and development of talent,
the Corporation also invested this year in a state-of-the-art
client relationship management system designed to help the
Kish team serve clients more broadly and efficiently. All Kish
team members were trained to use the system to its fullest
advantage to engage with clients in support of Kish’s service
excellence culture.

Sincerely,

William P. Hayes
Chairman of the Board, President and
Chief Executive Officer

All of Kish’s indicators are

green, encouraging continued

growth and expansion.

2 Kish Bancorp, Inc.

2016 Annual Report 3

The Expect More Storethose with birthdates beginning in 1980–
1982 and ending in 2002–2004, are all
digital natives coming of age, giving rise to
companies such as Airbnb, Uber, and Rocket
Mortgage.

Recognizing that FinTech companies are not
regulated and are not likely to be regulated
until they begin to attain “meaningful scale,”
the consensus in the industry today, and
the conclusion at Kish Bancorp, is that an
informed middle ground is a wise stance
to adopt at this time. That means focusing
now on what digital services Kish customers
value and building the capabilities that
matter most in a digital future. It means,
among other things, recognizing that while
new digital innovations cannot be ignored,
many of the start-ups may never evolve to be
anything more than that.

Clearly, the challenge ahead is to keep pace
with emerging technologies, products,
and services in concert with client needs
and expectations without overreacting
or overinvesting. Kish is doing that by
embracing a “twin rail” approach to the
future introduced in this report. Our theme,
“Riding the Twin Rails to the Future,”
recognizes changes emerging in the industry,

while acknowledging the security many
in the central Pennsylvania marketplace
find in familiar ways of engaging with Kish
to define and meet their goals, be they
personal, corporate, or in local and regional
government. Thus, the Corporation’s
strategic plan for the next 3–5 year period
has been crafted to ensure that Kish will
remain focused on fulfilling client needs
and expectations, while traveling on the
parallel tracks of traditional relationship
management and new digital delivery
channels.

The first of the Twin Rails represents the
traditional approach to banking. This rail is
true to the promise Kish has made to provide
personal, one-on-one banking solutions to
clients. The traditional approach is clearly
visible in the warmth and welcoming
hospitality found at all of Kish’s facilities in
the region. Words associated with the first
rail are service, relationships, community,
values, trust, support, solutions, culture,
team, personal, and consultative. Such words
reflect Kish’s core values and differentiated
business model, one that is tightly tied
to Kish’s service excellence culture and
requires staying closely connected to clients

The “explore more” area of
The Store engages visitors
through interactive digital
content on both a large
format touch screen kiosk
and handheld devices at
the tech bar.

through all available touchpoints. Kish has
communicated this through the promotion
of the brand with great success this year,
most notably in the Kish is Home advertising
campaign, delivered in both traditional and
digital channels.

The second of the Twin Rails represents
the use of digital delivery channels as a
means to achieve customer fulfillment. At
Kish, these alternative, technology-enabled
delivery channels will continue to be client-
focused and adapted to client preferences
for digital delivery. Words associated with
the second rail are speed, omnichannel,
data, mobile, simplicity, secure, connected,
efficiency, social, video, and transformation.
Understanding that everything will move to
digital technology over time, Kish remains
steadfast that its differentiating focus on
the client will not change as the two rails
converge over time.

Kish initiated its first venture on the Twin
Rails in 2016 by planning, developing,
and opening The Expect More Store in the
heart of downtown State College. Located
in a former historic theatre, The Expect
More Store gives clients and community
stakeholders a preview of how financial
services are likely to be delivered in the
future. The Store contains a teller pod with
a cash recycler that receives, counts, and
disperses money. A digital wall features
dramatic videos including exotic travel
opportunities available through the
Corporation’s full-service travel subsidiary,
Kish Travel. Customers and visitors are
welcome to browse Kish services and
opportunities on a touch screen kiosk that
connects to the Kish websites. They also are
invited to enjoy a cup of coffee while using
one of several tablets available to them or to
just relax on the sofa and chairs in the sitting
area. A Kish Concierge Banker staffs The

With a fresh and comfortable
design, guests of The Expect
More Store are invited to
engage in conversation
with other guests or a
Concierge Banker.

4 Kish Bancorp, Inc.

"I value the personal touch
from the trusted, competent,
and courteous Kish team
who helps me with loans,
financial planning, travel,
and everyday banking."
—Frances Vaughn

"I love Kish Bank's online
technology for my business.
They made the transition
effortless, and respond
quickly and professionally
when I have questions."
—Tom Songer

"As young business owners,
my husband and I like being
able to get advice from
someone we've come to
know and trust—not just a
voice on an 800 number."
—Amy Gravine

"I appreciate the friendly
atmosphere of the branch
and the convenience of
online account access, which
helps me to monitor the
daily activity of my accounts."
—Ed Bridgens

2016 Annual Report 5

those with birthdates beginning in 1980–
1982 and ending in 2002–2004, are all
digital natives coming of age, giving rise to
companies such as Airbnb, Uber, and Rocket
Mortgage.

The “explore more” area of
The Store engages visitors
through interactive digital
content on both a large
format touch screen kiosk
and handheld devices at
the tech bar.

With a fresh and comfortable
design, guests of The Expect
More Store are invited to
engage in conversation
with other guests or a
Concierge Banker.

4 Kish Bancorp, Inc.

"I value the personal touch
from the trusted, competent,
and courteous Kish team
who helps me with loans,
financial planning, travel,
and everyday banking."
—Frances Vaughn

"I love Kish Bank's online
technology for my business.
They made the transition
effortless, and respond
quickly and professionally
when I have questions."
—Tom Songer

"As young business owners,
my husband and I like being
able to get advice from
someone we've come to
know and trust—not just a
voice on an 800 number."
—Amy Gravine

"I appreciate the friendly
atmosphere of the branch
and the convenience of
online account access, which
helps me to monitor the
daily activity of my accounts."
—Ed Bridgens

2016 Annual Report 5

finanCiaL highLighTs

five-year summary

for ThE yEar

Net Income

Net Income Before Taxes

Total Dividends Declared

at year end (in $000s)

Total Assets

Total Loans (Net)

Total Deposits

Stockholders’ Equity

Loan Loss Reserve

Net Loan Losses (Recoveries)

raTio anaLysis

Return on Average Assets*

Return on Average Equity*

Dividend Declared/Net Income

Loans/Deposits

Primary Capital/Total Assets

Total Capital/Risk Weighted Assets

Loan Loss Reserve/Loans

Net Loan Losses to Total Loans (Net)

pEr sharE daTa

Basic Earnings

Fully Diluted Earnings

Dividends Paid

Equity (Book Value)

Equity Plus Loan Loss Reserve

2016

2015

2014

2013

2012

$4,616,894

$4,494,241

$4,358,608

$4,216,873

$3,629,794

5,254,277

2,130,197

5,125,151

2,112,600

5,130,129

2,005,848

4,980,589

1,971,992

4,168,872

1,960,051

$725,071

$696,895

$659,600

$630,132

$557,575

488,588

561,928

53,593

6,011

271

0.65%

8.54%

46.14%

86.95%

8.22%

13.10%

1.22%

0.06%

$3.80

3.77

1.72

43.27

48.12

445,425

542,629

51,281

5,752

492

0.66%

8.89%

47.01%

82.09%

8.18%

12.62%

1.27%

0.12%

$3.73

3.69

1.72

41.78

46.46

414,061

508,616

48,853

6,009

219

0.67%

9.54%

46.02%

81.41%

8.32%

13.07%

1.43%

0.05%

$3.63

3.60

1.64

39.96

44.87

381,261

494,374

40,681

5,928

0.69%

9.70%

46.76%

77.12%

7.40%

13.17%

1.53%

0.01%

$3.54

3.51

1.62

33.40

38.27

351,040

460,450

46,252

6,867

445

0.65%

8.61%

54.00%

76.24%

9.53%

14.05%

1.92%

0.12%

$3.05

3..05

1.62

38.10

43.76

Average Shares Outstanding (#)

1,215,067

1,203,630

1,199,207

1,192,755

1,189,222

*Due to fluctuations in the mark to market valuation for investment securities, these are not included in the totals for average assets and average equity.

net income (in millions)

earnings & dividends (per share)

stock valuation (per share)

By removing the traditional
barriers of a teller line,
Expect More Store clients
can stand side by side
with their banker, who is
focused on listening.

Expect More Store and is available to answer
questions and to connect interested clients
or prospective clients with Kish experts in,
for example, consumer loans, checking and
savings options, mortgages, investments,
travel, and insurance.

Digitally appointed in an historic space that
is filled with beautiful wooden features,
including remnants of the old theatre, The
Expect More Store is a hub for community
activity, a place where clients and community
members gather to meet, to learn, to do
business, or to simply enjoy. In 2016, a variety
of seminars have been offered at The Expect
More Store, ranging from conversations
around women in business, to investing,
insurance, art, and travel. Recognizing
the importance of strong downtowns in
communities, Kish is present in a number
of downtowns in the region and is proud to
have joined other businesses in downtown
State College as well.

The Expect More Store is a laboratory for how
Kish Bancorp will deliver services and grow its
businesses in the future. Plans are underway
to develop a similar store in the region next
year. Ultimately, the Twin Rails strategy will

be a success when the two rails become
one. The Corporation intends to accomplish
this in a way that maintains and upholds
what differentiates Kish in the marketplace:
putting the customer first. The reality is that
innovation has been, and remains, a long-
term core value for the Company. As Kish
Bancorp continues to prepare for the future,
the Company will recognize that its client
centric model has consistently translated
into long-term growth in market share and
shareholder performance. Kish will invest
in the future in ways that are enlightened
by the client experience, sustained by
exceptional teamwork, and aware of the
growing changes that hold both challenges
and opportunities. In that process, Kish’s
priorities will continue to focus on supporting
economic growth in the community; building
value for individuals, families, and businesses;
providing an attractive and sustainable
workplace for employees; and providing
attractive long-term value for shareholders.
The promise Kish Associates derive from
devoting themselves to these activities,
which are all bigger than themselves, inspires
and sustains them.

6 Kish Bancorp, Inc.

2016 Annual Report 7

finanCiaL highLighTs

five-year summary

for ThE yEar

Net Income

Net Income Before Taxes

Total Dividends Declared

at year end (in $000s)

Total Assets

Total Loans (Net)

Total Deposits

Stockholders’ Equity

Loan Loss Reserve

Net Loan Losses (Recoveries)

raTio anaLysis

Return on Average Assets*

Return on Average Equity*

Dividend Declared/Net Income

Loans/Deposits

Primary Capital/Total Assets

Total Capital/Risk Weighted Assets

Loan Loss Reserve/Loans

Net Loan Losses to Total Loans (Net)

pEr sharE daTa

Basic Earnings

Fully Diluted Earnings

Dividends Paid

Equity (Book Value)

Equity Plus Loan Loss Reserve

2016

2015

2014

2013

2012

$4,616,894

$4,494,241

$4,358,608

$4,216,873

$3,629,794

5,254,277

2,130,197

5,125,151

2,112,600

5,130,129

2,005,848

4,980,589

1,971,992

4,168,872

1,960,051

$725,071

$696,895

$659,600

$630,132

$557,575

488,588

561,928

53,593

6,011

271

0.65%

8.54%

46.14%

86.95%

8.22%

13.10%

1.22%

0.06%

$3.80

3.77

1.72

43.27

48.12

445,425

542,629

51,281

5,752

492

0.66%

8.89%

47.01%

82.09%

8.18%

12.62%

1.27%

0.12%

$3.73

3.69

1.72

41.78

46.46

414,061

508,616

48,853

6,009

219

0.67%

9.54%

46.02%

81.41%

8.32%

13.07%

1.43%

0.05%

$3.63

3.60

1.64

39.96

44.87

381,261

494,374

40,681

5,928

0.69%

9.70%

46.76%

77.12%

7.40%

13.17%

1.53%

0.01%

$3.54

3.51

1.62

33.40

38.27

351,040

460,450

46,252

6,867

445

0.65%

8.61%

54.00%

76.24%

9.53%

14.05%

1.92%

0.12%

$3.05

3..05

1.62

38.10

43.76

Average Shares Outstanding (#)

1,215,067

1,203,630

1,199,207

1,192,755

1,189,222

*Due to fluctuations in the mark to market valuation for investment securities, these are not included in the totals for average assets and average equity.

net income (in millions)

earnings & dividends (per share)

stock valuation (per share)

By removing the traditional
barriers of a teller line,
Expect More Store clients
can stand side by side
with their banker, who is
focused on listening.

6 Kish Bancorp, Inc.

2016 Annual Report 7

TEam

parTnErs

ConnECTEd

LEadEr

omniChannEL

soLuTions

vaLuEs

sErviCE

TransformaTion

Board mEmBErs and dirECT ors

Board of dirECTors of kish BanCorp, inC.

ExECuTivE offiCErs

William P. Hayes, Chairman, President and Chief Executive Officer
Gregory T. Hayes, Senior Executive Vice President, Chief Operating Officer
Peter D. Collins, Executive Vice President, Chief Credit Officer
Mark J. Cvrkel, Executive Vice President, Chief Financial Officer
Robert S. McMinn, Executive Vice President, General Counsel
Richard A. Sarfert, Executive Vice President, Senior Lending Officer
James L. Shilling, Jr., Executive Vice President, Chief Business Banking Officer

sEnior offiCErs

Robert L. Crane, Senior Vice President, Profitability Director
Carol M. Herrmann, Senior Vice President, Administration and Communications

Director/CEO, Kish Travel

Amy M. Muchler, Senior Vice President, Bank Operations and Support Director
Debra K. Weikel, Senior Vice President, Loan Administration Director
Suzanne M. White, Senior Vice President, Human Resources and Organization

Development Director

Stanley N. Ayers, Vice President, Special Assets Manager
Douglas C. Baxter, Vice President, Accounting and Controls Manager
Kathleen M. Boop, Vice President, Personal Lines Insurance Manager
Kimberly A. Bubb, Vice President, Systems and Client Solutions Director
Larry E. Burger, Vice President, Commercial Relationship Manager
Cynthia L. Chase, Vice President, Loan Review Manager
David A. Coble, Vice President, Branch Manager
Alta Corman-Wolf, Vice President, Residential Lender
John P. Cunningham, II, Vice President, Regional Market Manager
Wade E. Curry, LUTCF, Vice President, Investment Services
Terra L. Decker, Vice President, Compliance and BSA Training Director/BSA Officer
Ann K. Guss, Vice President, Residential Lender
Allana L. Hartung, Vice President, Commercial Relationship Manager
Marsha K. Kuhns, Vice President, Residential Lender
Terry P. Horner, Vice President, Business Development Officer
John Q. Massie, Vice President, Commercial Relationship Manager
Kristie R. McKnight, Vice President, Commercial Relationship Manager
Virginia A. McAdoo, Vice President, Lending Services Manager
Thomas Minichiello, III, Vice President, Regional Market Manager
Denise F. Quinn, Vice President, Commercial Relationship Manager
Melissa K. Royer, Vice President, Client Solutions Technical Advisor
Cheryl E. Shope, Vice President, Residential Lender
N. Robert Sunday, III, Vice President, Compliance Officer
Kayelene G. Sunderland, Vice President, Wealth Management/Trust Administrator
Jeffrey D. Wilson, Vice President/CEO, Kish Agency
William W. Yaudes, Vice President, Regional Market Manager

William P. Hayes, Chairman
James J. Lakso, Vice Chairman
William L. Dancy, Secretary
Spyros A. Degleris, Member
Edward A. Friedman, Member
Paul G. Howes, Member
William S. Lake, Member
Phyllis L. Palm, Member
Paul H. Silvis, Member

Board of dirECTors of kish Bank

CEnTrE C ounTy rEgionaL Board

Spyros A. Degleris, Member
Adam R. Fernsler, Member
Edward A. Friedman, Member
Alan G. Hawbaker, Member
Paul G. Howes, Member
Michael J. Krentzman, Member
Paul H. Silvis, Member
Brandon M. Zlupko, Member

hunTingdon CounTy rEgionaL Board

Arthur J. DeCamp, Member
Wayne A. Hearn, Member
Stephen C. Huston, Member
James J. Lakso, Member
Dominick F. Peruso, Jr., Member
Pamela F. Prosser, Member
Burgess A. Smith, Member
Delmont R. Sunderland, Member
James A. Troha, Member
Frances V. Vaughn, Member

miffLin CounTy rEgionaL Board

Christina Calkins-Mazur, Member
Ronald M. Cowan, Member
William L. Dancy, Member
James W. Felmlee, Member
Eric K. Fowler, Member
William S. Lake, Member
Harvard K. McCardle, Member
Alan J. Metzler, Member
Gary L. Oden, Member
Phyllis L. Palm, Member
John Pannizzo, Member

8 Kish Bancorp, Inc.

TEam

parTnErs

ConnECTEd

LEadEr

omniChannEL

soLuTions

vaLuEs

sErviCE

TransformaTion

Board mEmBErs and dirECT ors

Board of dirECTors of kish BanCorp, inC.

ExECuTivE offiCErs

sEnior offiCErs

Robert L. Crane, Senior Vice President, Profitability Director
Carol M. Herrmann, Senior Vice President, Administration and Communications

Director/CEO, Kish Travel

Development Director

Board of dirECTors of kish Bank

CEnTrE C ounTy rEgionaL Board

hunTingdon CounTy rEgionaL Board

miffLin CounTy rEgionaL Board

8 Kish Bancorp, Inc.

4255 East Main Street, Belleville, PA 17004 | 1-888-554-4748 | www.KishBank.com