Abington Bancorp, Inc. Announces Thomas J. Wasekanes Appointed as New Senior Vice President and Chief Lending Officer
September 03 2008 - 4:30PM
Marketwired
Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC) announced
today that Thomas J. Wasekanes has been promoted to Senior Vice
President of the Company and Senior Vice President and Chief
Lending Officer of the Company's wholly owned subsidiary, Abington
Bank (the "Bank"). Mr. Wasekanes will succeed Edward W. Gormley,
who recently announced his retirement after 37 years with the Bank.
Mr. Wasekanes has been with the Bank since 1988, most recently
serving as Vice President of Mortgage Lending. Mr. Wasekanes has
diversified mortgage and real estate experience going back to
1976.
Robert W. White, Chairman, President and CEO of the Company,
stated, "Tom is a great addition to our senior management
team."
Abington Bancorp, Inc. is the holding company for Abington Bank.
Abington Bank is a Pennsylvania-chartered, FDIC-insured savings
bank which was originally organized in 1867. Abington Bank conducts
business from its headquarters and main office in Jenkintown,
Pennsylvania as well as twelve additional full service branch
offices and seven limited service banking offices located in
Montgomery, Bucks and Delaware Counties, Pennsylvania. As of June
30, 2008, Abington Bancorp had $1.1 billion in total assets, $641.2
million in deposits and $247.6 million in stockholders' equity.
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors.
Factors which could result in material variations include, but are
not limited to, changes in interest rates which could affect net
interest margins and net interest income, competitive factors which
could affect net interest income and non-interest income, changes
in demand for loans, deposits and other financial services in the
Company's market area; changes in asset quality, general economic
conditions as well as other factors discussed in documents filed by
the Company with the Securities and Exchange Commission from time
to time. Investors are encouraged to access the Company's periodic
reports filed with the Securities and Exchange Commission for
financial and business information regarding the Company at
www.abingtonbank.com under the Investor Relations menu. The Company
undertakes no obligation to update these forward-looking statements
to reflect events or circumstances that occur after the date on
which such statements were made.
Contact: Robert W. White Chairman, President and CEO or Jack
Sandoski Senior Vice President and CFO (215) 886-8280
Abington Bancorp, Inc. (MM) (NASDAQ:ABBC)
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