CLARKS SUMMIT, Pa., July 19 /PRNewswire-FirstCall/ -- Comm Bancorp, Inc. (Nasdaq: CCBP) held its annual stockholders' meeting today at Elk Mountain Ski Resort, Union Dale, PA.
Stockholders voted and elected the following directors to serve for a one-year term: David L. Baker, Senior Vice President of Community Bank & Trust Company; William F. Farber, Sr., President and Chief Executive Officer and Chairman of Comm Bancorp, Inc.; Judd B. Fitze, partner in Farr, Davis & Fitze; Dean L. Hesser, President of Tom Hesser Chevrolet, Inc. and Tom Hesser Nissan, LLC; John P. Kameen, publisher of The Forest City News; Erwin T. Kost, President of Kost Tire Distributors, Inc.; Susan F. Mancuso, partner in Mancuso and Mancuso Accounting and Tax Service; and Joseph P. Moore, III, automobile dealer, Manheim Imports. In addition, stockholders ratified the appointment of ParenteBeard LLC as independent auditors for the current fiscal year.
John P. Kameen, Secretary, called the meeting to order and welcomed the stockholders in attendance. Before introducing President and Chief Executive Officer, William F. Farber, Sr., Mr. Kameen discussed cost-saving initiatives implemented by the Company during 2009. During a brief presentation, Mr. Farber addressed the stockholders about economic conditions and the regulatory environment and their impact on the Company's recent performance.
Comm Bancorp, Inc. serves six Pennsylvania counties through Community Bank & Trust Company's fifteen community banking offices and one loan production office. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, nonprofit organizations and government entities. In addition, customers can take advantage of Klick(SM) Banking, on-line banking services, by accessing the Company's web site at http://www.combk.com. The Company's business philosophy includes offering direct access to its President and other officers and providing friendly, informed and courteous service, local and timely decision making and flexible and reasonable operating procedures and consistently-applied credit policies.Visit Comm Bancorp, Inc. on the World Wide Web at http://www.combk.com . Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties in the banking industry and overall economy. Such risks and uncertainties are detailed in the Company's Securities and Exchange Commission reports including the Amendment No. 1 to the Annual Report on Form 10-K/A for the year ended December 31, 2009, Annual Report on Form 10-K for the year ended December 31, 2009 and Quarterly Report of Form 10-Q for the quarter ended March 31, 2010. SOURCE Comm Bancorp, Inc.