Jeff Bank earnings up
JEFFERSONVILLE, NY — Jeffersonville Bancorp (OTCQB—JFBC) announced its fourth-quarter net income of $1.44 million, compared to $1.2 million for 2020. The increase …
JEFFERSONVILLE, NY — Jeffersonville Bancorp (OTCQB—JFBC) announced its fourth-quarter net income of $1.44 million, compared to $1.2 million for 2020. The increase was mainly attributable to securities and dividend gains, as well as an increase in in-service charges and fee income.
This was partially offset by an increase in tax expense of $280,000, a decrease in loan interest and fees of $121,000, an increase in provision for loan losses of $100,000 and a decrease in unrealized securities gains of $52,000. Year-to-date net income as of December 31, 2021 was $5,944,000, compared to $4,810,000 for the same period in 2020.
Recent hirings and promotions: Bertha Donohueis, Liberty branch manager; Abigail Opper, company controller; LeighAnne Pfriender, commercial processing manager; Jill Atkins, assistant controller; Amber Novikov, Jeffersonvillebranch manager; Margaret Blaut, regional branch manager at the Anawana Lake office. For more information, visit www.jeff.bank.
TRI-STATE AREA — Are you unemployed or underemployed? Working Pike is holding a job fair from 10 a.m. to 2 p.m. on Tuesday, April 5 at the Best Western Inn in Hunts Landing. “Area job seekers will find excellent opportunities,” said Cynthia DeFebo, director of the Pike County workforce development agency. The event, she said, is filled to capacity with 72 employers from the tri-state area scheduled to attend.
There is no fee for job seekers and no RSVP is necessary. Come dressed to impress and bring your resume.
For more information, contact the Pike County Workforce Development Agency at 570/296-2909. The agency will help if you need professional interview attire from their clothes closet or help with creating or updating your resume.
ALLENTOWN, PA — For the sixth straight year, PPL Corporation has been named a Best Place to Work for LGBTQ+ equality.
That’s measured on the Human Rights Campaign Foundation’s 2022 corporate equality index, which examines corporate policies and practices related to LGBTQ+ workplace equality.
The company says it focuses on attracting and developing a high-performing, diverse workforce; increasing diverse representation in leadership roles; maintaining an inclusive culture; supporting our communities and customers; and doing business with more diverse suppliers.
The full report is available online at www.hrc.org/cei.
SPARROWBUSH, NY — Century 21 Geba Realty announced that associate broker Elizabeth “Beth” Bernitt completed the Graduate Realtor Institute designation.
The designation is for residential real estate agents who want a solid base of information for their real estate business. The GRI curriculum is the body of knowledge for progressive real estate professionals as defined by the National Association of Realtors.®
HONESDALE, PA — Norwood Financial Corp (Nasdaq Global Market—NWFL) and its subsidiary Wayne Bank saw an increase from roughly $5.5 million in the same quarter in 2020 to $6.6 million in 2021. For the year ending December 31, 2021, net income totaled $24.9 million, an increase of $9.8 million from $15 million earned in the prior year. The increase includes the benefits derived from the company’s acquisition of UpState New York Bancorp, Inc. (“UpState”), which closed on July 7, 2020, and over $4.5 million of earnings recognized from Paycheck Protection Program (“PPP”) loans. Total assets were $2.069 billion as of December 31, 2021. Loans receivable totaled $1.355 billion in the same period, with total deposits of $1.757 billion.
Loans receivable decreased $55.8 million from the year-end December 31, 2020, due primarily to the $78.8 million decrease in PPP loans resulting from loan forgiveness.
Recent hirings: Tonya Ryan, commercial loan development officer; Kim Gola, assistant vice president and mortgage underwriter. Alison Menotti , assistant vice president and loan operations manager; Kara Suchy, senior vice president and the director of internal audit; Jillian Guenther, vice president and fraud officer. For more information, visit wayne.bank.
HONESDALE, PA — Dimeco, Inc. (OTCQX—DIMC), the parent holding company of the Dime Bank, announced unaudited financial results for the quarter and fiscal year ending December 31, 2021 showing net income of $12 million represented an increase of 35 percent over income reported for 2020. Total assets hit $958 million, an increase of 8.5 percent from the end of 2020. The loan portfolio ended the year at $657 million, an increase of over $12 million from the year prior. Total deposits increased 16.1 percent or $111 million, finishing the year at $797 million. For more information, visit www.dime.com.
WALDEN, NY — Andrew L. Boughrum and William E. Podszus have joined the Jacobowitz and Gubits litigation and municipal teams as associate attorneys.
Boughrum earned his law degree in 2011 from Syracuse University College of Law. He has concentrated on litigation of personal injury, premises liability and Section 1983 matters.
Podszus retired as a sergeant from the Mount Vernon, NY, police department and serves as a firefighter, EMT and hazardous materials technician. He earned his law degree from the Elisabeth Haub School of Law at Pace University in 2018 and was admitted to the New York State bar in 2019.
ONEONTA, NY — Recently, Rep. Antonio Delgado (NY-19) held a roundtable discussion at SUNY Oneonta. Participants focused on American manufacturing and the House-passed America COMPETES Act. The group included local manufacturers, labor, economic development leaders and education professionals and discussed the importance of growing the domestic semiconductor industry and building an advanced manufacturing workforce.
On February 4, the House passed the America COMPETES Act, which included Delgado’s amendment establishing local manufacturing and innovation hubs.
“With the chip shortage continuing to impact the country, it is critical that the federal government moves forward with resources to grow the U.S. semiconductor industry,” said Paul Kelly, COO at NY CREATES. “New York is ready to take a lead role and can provide both the infrastructure and workforce to hit the ground running on Day 1.” He cited the importance of supporting small businesses, improving supply chains and creating a “stronger workforce pipeline at all levels of the semiconductor ecosystem.”
A livestream of the roundtable discussion is available at https://bit.ly/3wA2KLp.
MILFORD, PA — Delaware Valley School District students will get a leg up in science and technology this year, thanks to a donation from Weis Markets. The grocery chain recently gave $1,500 to the Greater Pike Community Foundation through the State of Pennsylvania’s EITC program.
That program awards tax credits to businesses making significant contributions to educational programs.
The funds will be used for the purchase of Science, Technology, Engineering and Mathematics (STEM) educational equipment to assist Delaware Valley School District students.
“The emphasis on technology in the classroom is more important today than ever before,” said Greater Pike executive director Jenni Hamill.
The Greater Pike Community Foundation was created to enable individuals, families and local businesses to maximize their charitable support through organized, targeted, long-term community philanthropy. Greater Pike provides a permanent and personal way to give back to the region we love and have worked so hard to nurture and maintain, said a spokeswoman.
To learn more about Greater Pike, email Jenni Hamill at firstname.lastname@example.org, call her at 570/832-4686 or visit the organization on Facebook at GreaterPike.
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