Knepp to President of Penns Woods Bancorp, Young to President of JSSB
November 01 2017 - 12:53PM
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.
570-320-2056chris.fravel@pwod.com
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