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Michael L. Jezewski, a director at First Keystone Corp (OTC:FKYS), recently increased his holdings in the company by acquiring additional shares. According to a recent filing, Jezewski purchased a total of 1,886 shares of First Keystone Corporation common stock on February 26, 2025. The shares were acquired at prices ranging from $14.0775 to $14.1 per share, amounting to a total transaction value of $26,585. The purchase was made near the stock’s current trading level, with shares now trading at about 17% below their 52-week high of $17.
Following these transactions, Jezewski’s direct ownership in First Keystone stands at 43,966.817 shares. Additionally, he holds 305.257 shares indirectly as a custodian for his son. This move reflects Jezewski’s continued investment in the Pennsylvania-based state commercial bank, which boasts a notable 7.94% dividend yield and has maintained dividend payments for 30 consecutive years. InvestingPro analysis reveals several additional insights about the company’s financial health and valuation metrics, with more than 30 key indicators available to subscribers.
In other recent news, First Keystone Corporation has announced several executive changes. The company revealed the appointment of Jack W. Jones as the new Executive Vice President and Chief Operating Officer, with plans for him to succeed Elaine A. Woodland as President and CEO following her retirement on January 31, 2025. Woodland will continue to serve as a director after her retirement, ensuring continuity in leadership. Additionally, Diane C.A. Rosler, the current Chief Financial Officer, will retire on December 31, 2024, with Stacy Gordner set to take over as interim CFO starting January 1, 2025. Gordner, who joined the bank as Controller in September 2024, will receive an annual salary of $145,000. These transitions are part of a broader succession planning strategy by the company’s Board of Directors. The changes have been documented in recent filings with the Securities and Exchange Commission, ensuring transparency for investors and stakeholders. These moves underscore First Keystone’s focus on leadership continuity and internal talent development.
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