Dr Raymond Joseph
DUNMORE, Pa., Oct. 14, 2022 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (Bank), announced today that Elizabeth Graham, Raymond Joseph, MD , FASN., and Pat Rogan have been appointed to the Bank’s Advisory Board.
The Bank’s Advisory Board consists of individuals from throughout Northeast Pennsylvania. The network of diverse and experienced business leaders provides strategic and expert advice on the markets served by the bank.
Elizabeth “Liz” Graham is Chief Operating Officer and co-owner of Riggs Asset Management Company, Inc. and co-founder of Circle 200, an invitation-only forum for women leaders in northeastern Pennsylvania. She is the immediate past Chair of the Board of the Greater Wilkes-Barre Chamber of Business and Industry – the first woman to chair that board. She has also served as board chair of the Diamond City Partnership; circle 200; and the Nuangola Lake Association and former charter member and treasurer of Fork Over Love. She is currently the Board Chair of CASA of Luzerne County and the Bear Creek Association. She is a past recipient of the Greater Wilkes-Barre Chamber of Commerce ATHENA Award, the Northeastern Pennsylvania Business Journal’s “Top 25 Women in Business” and “Top 20 Executives Under 40” lists.
dr Raymond Joseph, MD, FASN
dr Raymond Joseph, MD, FASN is a nephrologist and President of Renal Consultants of Wyoming Valley, the oldest private nephrology practice in northeastern Pennsylvania. He is a graduate of the University of Pittsburgh School of Medicine with a doctorate in medicine, completed his residency in internal medicine and a Renal Fellowship at the University of Pittsburgh Medical Center. He is board certified in internal medicine and nephrology by the American Board of Internal Medicine.
Pat Rogan currently has interests in numerous real estate and benefits businesses in our area, including participation in a start-up real estate agent and numerous development projects in Lackawanna County. Mr. Rogan is a former member of the Scranton City Council, serving from 2009 to 2020. He is a lifelong resident of Lackawanna County and currently resides in South Abington Township with his wife, Amanda, and their two children, Reagan and Patrick Jr. He is a graduate of West Scranton High School and the University of Scranton.
With the addition of Graham, Joseph and Rogan, the advisory board grows to 21 members. Others include:
Peter “PJ” Adonizio; Joseph D Burke, Esquire; Nina M DeCosmo, Esquire; Samuel A. Falcone, Jr., Esquire; Paul S. Falzone; Patrick J Fricchione, MD; Francis J Hoegen, Esquire; Donald G. Karpowich, Esquire; John A Kutz, MD, FACS; Linda L Malinowski; Count Marshall; Sean C McGrath; Peter J Moses, Esquire; Vincent J Nardone; Kate Daye Ruane; Robert S Tamburro; Kenneth J. Temborski; and Jeffrey Woytowich.
About FNCB Bancorp, Inc.:
FNCB Bancorp, Inc. is the bank holding company of FNCB Bank. FNCB Bank has been locally based for over 112 years and remains a leading community bank in Northeast Pennsylvania – offering a full range of banking solutions for individuals, small businesses and corporate customers with industry-leading mobile, online and branch products and services. Currently operating through 16 community offices in Lackawanna, Lucerne and Wayne Counties, FNCB remains committed to making our customers’ banking experiences simply better. For more information about FNCB, visit www.fncb.com.
FNCB may, from time to time, enter into written or oral agreements “forward-looking statements,” including statements in our filings with the Securities and Exchange Commission (“SEC”), in our reports to shareholders and in our other communications that we make in good faith in accordance with the “Safe haven” Provisions of the Private Securities Litigation Reform Act 1995.
These forward-looking statements include statements related to FNCB‘s beliefs, plans, objectives, goals, expectations, expectations, estimates and intentions are subject to significant risks and uncertainties and are subject to change as a result of various factors (some of which are beyond our control). The words “can,” “could,” “should,” “Will,” “want,” “believe,” “anticipate,” “estimate,” “expect,” “to intend,” “to plan,” “Project,” “future” and similar expressions are intended to identify forward-looking statements Testify. Among others, the following factors can cause FNCB‘s financial performance differs materially from the plans, goals, expectations, estimates and intentions expressed in such forward-looking statements: the impact of the 2019 novel coronavirus disease (“COVID-19”) pandemic on FNCB and its customers, the Commonwealth of Pennsylvania and the United States as to the economy, overall financial stability and global supply chain; the COVID-19 pandemic and measures to contain its spread; government intervention in the US financial system, including the impact of interest rate measures by the Federal Open Market Committee, recent legislative, tax, accounting and regulatory measures and reforms including but not limited to the Coronavirus Relief, Aid and Economic Security Act (the “CARES Act”), the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd Frank Act”) and the Tax Reduction and Employment Act; political instability; FNCB’s ability to manage credit risk; Weakness in the economic environment in general and within the FNCB‘s market area; the deterioration of one or a few commercial real estate loans with relatively large balances included in FNCB‘s loan portfolio; greater risk of credit defaults and losses from concentration of loans held by FNCB, including to insiders and related parties; if FNCB‘s portfolio of loans to small and medium-sized businesses in the community increases its credit risk; if FNCB‘s ALLL is not sufficient to absorb actual losses or where increases in ALLL have been required; FNCB is subject to interest rate risk and changes in interest rates could adversely affect FNCB’s net interest income or the fair value of its financial assets; if management concludes that FNCB’s value is decreasing‘s investment securities are not temporary could result in FNCB recording an impairment loss; if FNCB‘s risk management framework is ineffective in mitigating risk or loss to FNCB; if FNCB is unable to successfully compete with others for business; a loss of depositor confidence due to changes in either FNCB‘s financial condition or general banking; if FNCB is unable to maintain or expand its core deposit base; inability or insufficient dividends from its subsidiary, FNCB Bank; if FNCB loses access to wholesale funding sources; FNCB Interruptions or Security Breaches‘s information systems; any system failures or disruptions in information technology and telecommunications systems of third parties on which FNCB depends; security breach; if FNCB‘s information technology is unable to keep pace with growth or industry developments, or when technological developments result in higher costs or less advantageous prices; the loss of management and other key employees; Dependence on the use of data and modeling both in their management‘s decision-making in general and in meeting regulatory expectations in particular; additional risk resulting from new lines of business, products, product enhancements or services offered by FNCB; inaccuracy of estimates and other valuation techniques used by FNCB in evaluating and monitoring loans secured by real estate and other real estate; lack of soundness of other financial institutions; Damage to FNCB‘s reputation; defense against litigation and other claims; Dependence on the accuracy and completeness of information about customers and counterparties; risks from future expansion or acquisition activities; environmental risks and associated costs of its foreclosed real estate assets; any remedial or adverse action ordered by federal and state regulators, including requiring FNCB to act as a source of financial and managerial strength for FNCB Bank during times of stress; costs resulting from extensive government regulation, oversight and potential government enforcement actions; new or changed laws or regulations and regulatory initiatives; failure to comply with and enforcement action against the Bank Secrecy Act and other anti-money laundering laws and regulations; failure to comply with numerous “fair and responsible banking” laws; any breach of privacy, information security and protection of personal data laws or any other incident involving personal, confidential or proprietary information of individuals; any rulemaking changes implemented by the Consumer Financial Protection Bureau; inability to attract and retain its top-performing employees due to potential performance-related pay limitations contained in proposed federal agency regulations; all future increases of FNCB Bank‘s FDIC deposit insurance premiums and ratings; and FNCB’s success in managing the risks associated with the foregoing and other risks and uncertainties, including those described in FNCB‘s filings with the SEC.
FNCB cautions that the foregoing list of important factors is not exhaustive. Readers are also cautioned not to place undue reliance on forward-looking statements, which reflect management‘s analysis only as of the date of this report, even if later made available by FNCB on its website or otherwise. FNCB undertakes no obligation to update any forward-looking statements, whether written or oral, made from time to time by or on behalf of FNCB to reflect events or circumstances after the date of this press release. Readers should carefully review the risk factors described in FNCB’s annual report and other documents periodically filed with the SEC, including its Form 10-K for the year ended December 31, 2021 and Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022.
CONTACT: INVESTOR CONTACT: James M. Bone, Jr., CPA Executive Vice President and Chief Financial Officer FNCB Bank (570) 348-6419 [email protected]