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STATE COLLEGE, Pa. - Kish Bancorp, Inc. (OTCQX:KISB) has appointed Tina M. Collins as interim Chief Financial Officer and Treasurer following the phased retirement of Mark J. Cvrkel, according to a press release statement issued by the company. The announcement comes as the bank’s stock trades at $38, having delivered a strong 33% return over the past year. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.
Collins, previously serving as SVP, Accounting and Controls Director, brings over 25 years of community banking experience to the role. Cvrkel, who has held the position since 2016, will transition to a part-time role as Strategic Advisor to the CFO, where he will support capital planning, balance sheet management, and interest rate strategy initiatives.
Gregory T. Hayes, President and CEO of Kish Bancorp, indicated the company will conduct a broad-based search for its next permanent Chief Financial Officer, with Collins receiving "full consideration for that role."
In her previous position at Kish Bank, Collins was responsible for financial reporting, regulatory compliance, internal controls, and asset/liability management. Her background includes leadership roles at Riverview Bank and CBT Bank, with education from Indiana University of Pennsylvania and additional training from the Pennsylvania Bankers Association.
Kish Bancorp currently manages $1.8 billion in assets and operates 19 offices across central Pennsylvania and northeastern Ohio. The company’s subsidiaries include Kish Bank, Kish Insurance, Kish Financial Solutions, Kish Benefits Consulting, and Kish Travel.
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