WILLIAMSPORT, Pa., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Richard A. Grafmyre, Chief Executive Officer of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has announced the promotions of Brian L. Knepp to President of Penns Woods Bancorp, Inc. and Karen S. Young to President of Jersey Shore State Bank.
Knepp graduated from Susquehanna University with a Bachelor’s degree in Accounting and has his CPA certification as well as 20 years of experience in the banking industry. Knepp also administers the bank’s asset/liability position and the company’s investment portfolio and is a member of the Penns Woods Bancorp, Inc. and JSSB Board of Directors and is the CFO of Luzerne Bank and JSSB. He is also the CEO of the JSSB subsidiary, M-Group, D/B/A The Comprehensive Financial Group (CFG).
Young graduated from the Graduate School of Banking at the University of Wisconsin and has 33 years of banking and leadership experience. Previously serving as the Eastern Regional President of Jersey Shore State Bank, Young is a well-connected professional in the North Central and Central Pennsylvania areas. Young brings a dynamic style of leadership built upon a strong relationship with front-line employees and an understanding of the market’s needs and how they must be met.
“Brian and Karen are invaluable members of the leadership team at Penns Woods Bancorp and Jersey Shore State Bank and have shown that they are ready to handle the responsibilities that they will take on once this transition has been made,” said Grafmyre. “Looking to the future, the board of directors, leadership team, and succession planning committee feel extremely confident in their ability to continue leading this company.”
The promotions come as a result of the Penns Woods Bancorp succession planning process. The company is striving to be out-in-front of leadership transition by putting the plan in place. Grafmyre, who is still active as the company’s CEO, and the succession planning team are gradually transferring responsibilities.
Penns Woods Bancorp, Inc. is the $1.4 billion parent company of Jersey Shore State Bank and Luzerne Bank. Jersey Shore State Bank operates fifteen branch offices providing financial services in Lycoming, Clinton, Centre, Montour and Union Counties. Luzerne Bank operates nine branch offices providing financial services in Luzerne and Lackawanna counties. Investment and insurances products are offered through Jersey Shore State Bank’s subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group.
Source:Penns Woods Bancorp, Inc.