Business
1st Summit Bancorp of Johnstown, Inc. Announces Resignation of President and Chief Executive Officer and Appointment of New President and Chief Executive Officer
JOHNSTOWN, Pa., March 28, 2025--1st Summit Bancorp of Johnstown, Inc. (OTC Pink: FSMK), the parent company for 1st Summit Bank (the "Bank"), announced today that Eric Renner has submitted his voluntary resignation due to personal reasons as President and Chief Executive Officer and Director of the Company and the Bank, effective March 28, 2025. Mr. Renner has served in these positions at the Bank since June 2020 and of the Company since January 2023.
About this update from 1st Summit Bancorp Johnstown, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":316,"url":"https://media.zenfs.com/en/business-wire.com/aaad478365a265ead1a94e75b1d00627"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VHmnboTnTxg17t8bWnzMtw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzMjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/aaad478365a265ead1a94e75b1d00627","width":480,"height":316}},"lazy":false},{"type":"text","content":"JOHNSTOWN, Pa., March 28, 2025--(BUSINESS WIRE)--1st Summit Bancorp of Johnstown, Inc. (OTC Pink: FSMK), the parent company for 1st Summit Bank (the "Bank"), announced today that Eric Renner has submitted his voluntary resignation due to personal reasons as President and Chief Executive Officer and Director of the Company and the Bank, effective March 28, 2025. Mr. Renner has served in these positions at the Bank since June 2020 and of the Company since January 2023.","length":481,"tagName":"p"},{"type":"text","content":"In making the announcement, Rex W. McQuaide, Esq., Chairman of the Board, said, "We appreciate Eric’s dedication and hard work on behalf of the Company and the Bank over the past six years. We wish Eric nothing but the best in his future endeavors."","length":259,"tagName":"p"},{"type":"text","content":""I am proud to have been the leader of 1st Summit Bancorp of Johnstown and 1st Summit Bank. I wish the Company and its employees the best as I pursue new opportunities," said Mr. Renner. "I am pleased that Allison Johson will be taking over the leadership of 1st Summit."","length":291,"tagName":"p"},{"type":"text","content":"Simultaneously, the Company also announced the appointment of Allison Johnson, the current EVP & Chief Financial Officer & Chief Risk Officer of the Company and the Bank, to succeed Mr. Renner as President and Chief Executive Officer of the Company and the Bank effective March 28, 2025. Ms. Johnson will also continue to serve as the Chief Financial Officer and Chief Risk Officer of the Company and the Bank. Ms. Johnson has over seventeen years of banking experience and has experience in a leadership role leading banks through restructurings, enhanced process development, initial public offerings, and mergers and acquisitions. Ms. Johnson has served ...