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8-K - FORM 8-K LOMBARDI RESIGNATION - FNCB Bancorp, Inc. | form8k_lombardiresign.htm |
Exhibit
99.1
FOR
FURTHER INFORMATION
CONTACT: Judith
M. LaCouture
(570) 340-6144
FOR IMMEDIATE RELEASE
FNCB
NAMES CHAMPI INTERIM PRESIDENT & CEO PENDING OCC APPROVAL,
AS
LONG-TIME LEADER J.D. LOMBARDI STEPS DOWN FOR HEALTH REASONS
DUNMORE, Pa (March 1, 2010) -- Jerry A.
Champi, who is widely respected in regional and national banking circles both
for his expertise in commercial and retail lending and his long-held commitment
to business integrity, has been named interim President and Chief Executive
Officer of First National Community Bank (FNCB).
The appointment, which is subject to
the approval of the Office of the Comptroller of the Currency (OCC), was
announced this afternoon by the Board of Directors of First National Community
Bancorp, Inc. (OTC Bulletin Board: FNCB), following the unexpected resignation
of J. David Lombardi, who has stepped down as CEO and Director of the
Corporation and the Bank for personal health reasons, effective
today.
An executive at the Dunmore-based
institution for almost two decades and a banker for more than 25 years, Champi
most recently served as Senior Executive Vice President and Retail/Commercial
Division Manager at FNCB.
The Board has expressed its
appreciation to Lombardi for the outstanding leadership and vision that he
provided for so many years, as well as for the remarkable record of
institutional growth and accomplishment that shall always serve as his
legacy. At the same time, the Directors said they are grateful to be
able to draw upon Jerry Champi's extensive experience, knowledge and familiarity
with the marketplace as the organization moves forward with the transition and
skillfully address the challenges and opportunities facing all banking
organizations in today's complex environment.
A successor search process has already
been established and the Board has initiated due diligence to identify a
permanent successor to Lombardi. The Board has indicated that Mr.
Champi will absolutely be among the candidates considered.
--
more --
FNCB
Board Names Champi Interim President & CEO
…
2
Assets Increased From $50
Million To $1.3 Billion
Lombardi joined what was then known as
the First National Bank of Dunmore in 1981 as Senior Vice President and
Commercial Lender. He was promoted five years later to Executive Vice
President and Chief Executive Officer, and was named President and CEO in
1988.
Under his stewardship, the bank (which
took on the name of First National Community Bank in 1988 and is currently
celebrating its centennial anniversary year) saw its assets grow from $50
million to $1.3 billion; increased its number of branch offices from two to 21,
and expanded its marketing territory to additional communities throughout the
region.
Lombardi's departure comes soon after
an unusually stressful year, one that was made particularly challenging by the
protracted international economic crisis. However, he leaves at a
time when FNCB is well-capitalized, fiscally secure, expanding its services and
busy making quality loans.
Local Roots and Community
Involvement
A Northeastern Pennsylvania native,
Champi, 49, joined FNCB in 1991. He currently serves as President of
the Luzerne County Community College Foundation Board; Treasurer of the Greater
Pittston Chamber of Commerce, and as member of the Advisory Board of Penn State
Worthington Scranton, a campus of the Pennsylvania State
University.
He is a member of the American
Institute of Banking; the Greater Scranton Chamber of Commerce; the Greater
Wilkes-Barre Chamber of Commerce, and is a life member of the Penn State Alumni
Association.
Champi received a bachelor of science
degree in accounting from Penn State, and an MBA in accounting and finance from
Wilkes University.
He and his wife, Cathy, are residents
of Laflin Borough (Luzerne County), and the parents of five children -- a set of
twins and a set of triplets.
--
more --
FNCB
Board Names Champi Interim President & CEO
…
3
First National Community Bank provides
personal, small business and commercial banking services to individuals and
businesses from 21 community offices throughout Lackawanna, Luzerne, Monroe and
Wayne Counties in Northeastern Pennsylvania. FNCB's newest office,
located on Wheeler Ave. in Dunmore, opened in December 2009. The
institution was established as a National Banking Association in
1910.
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