Centric Financial Corporation Appoints Jessica E. Meyers to Board of Directors

Rhea-AI Summary

Centric Financial Corporation (CFCX) has appointed Jessica E. Meyers to its Board of Directors as of June 17, 2021. Meyers, founder and CEO of JEM Group, brings extensive experience in corporate governance and financial oversight. Recognized as one of Pennsylvania's Best 50 Women in Business, she has a strong background in the commercial construction sector. The company emphasizes the importance of board diversity for long-term success. Centric Bank, under the CFCX ticker, boasts assets of $1.1 billion and is recognized for its organic loan growth and community-centered approach.

Positive

• Appointment of Jessica E. Meyers as a board member brings strong corporate governance and risk oversight.
• Meyers' experience in commercial construction and previous bank board service adds valuable perspectives.
• Her recognition in the business community enhances the company's reputation and leadership diversity.

Negative

• Concerns may arise regarding continuity and the integration of Meyers into the existing board structure.

HARRISBURG, Pa., June 18, 2021 /PRNewswire/ -- Centric Financial Corporation, ("Centric") (OTC Pink:CFCX), a parent company of the wholly-owned subsidiary Centric Bank, is pleased to announce the appointment of Jessica E. Meyers to its Board of Directors effective June 17, 2021. Meyers is the founder and CEO of JEM Group, a commercial construction company headquartered in Camp Hill, PA.

"We are proud to have Jessica join our board of directors," says Patricia (Patti) A. Husic, President and CEO of Centric Bank and Centric Financial Corporation. "She brings a strong history of corporate governance, financial acumen, and risk oversight to our directorship. Jessica's leadership in the construction industry and prior publicly traded bank board experience are valuable assets, and her passion for 'building to improve lives' is evident not only in the built environment but in her non-profit work too."

As one of Pennsylvania's Best 50 Women in Business and a Woman Owned Business of the Year by the SBA, Meyers is highly regarded as a leader, entrepreneur, philanthropist, and voice for the next generation of women in business. In 2003, she founded JEM Group, central Pennsylvania's only woman-owned commercial construction company. In the years since, she has grown the firm into one of the largest and most respected commercial construction companies in the Commonwealth. A Penn State University alumnus and a resident of the Harrisburg, PA, region for 30+ years, Meyers knows first-hand the needs of small business owners, women business owners, and entrepreneurs.

"Board diversity is critical to the long-term success of Centric Financial Corporation and welcoming Jessica Meyers to our directors' team will further strengthen our leadership impact," says Donald E. Enders, Jr., Chairman of the Board.

"It is with great pride that I accept the role and responsibility as a board member of Centric Financial Corporation," says Meyers. "Balancing enterprise risks and opportunities and managing a growing company provide a strong complement to Centric's culture. Patti Husic and her team have led JEM Group through several growth cycles, and I am confident that my women-owned business experiences will enhance Centric's reputation as a community-centered bank where the lending and decision making remain local and independent."

Meyers serves on the boards of The Salvation Army Harrisburg Capital City Region, YWCA of Greater Harrisburg, as board chair of AAA Central PA, co-chair of Top Taste with the Central Pennsylvania Food Bank, and is a former trustee for Harrisburg University.

ABOUT CENTRIC FINANCIAL CORPORATION AND CENTRIC BANK
An American Banker 2020, 2019, and 2018 Best Banks to Work For, three-time American Banker Most Powerful Women in Banking Top Team, three-time Best Places to Work, and Top 50 Fastest-Growing Companies for seven years, Centric Bank is headquartered in south central Pennsylvania with assets of $1.1 billion and remains a leader in organic loan growth. A locally owned, locally loaned community bank, Centric Bank provides highly competitive and pro-growth financial services to businesses, professionals, individuals, families, and to the health care and dental industries with the Doctor Centric Bank Division. Centric Bank was named an American Banker Top 200 Community Banks in the U.S. in 2021, 2020, and 2019.

Founded in 2007, Pennsylvania-based Centric Bank has financial centers located in Harrisburg, Hershey, Mechanicsburg, Camp Hill, Doylestown, Devon, and Lancaster, as well as a loan production office in Devon and an Operations and Executive Office campus in Hampden Township, Cumberland County. To learn more about Centric Bank, call 717.657.7727 or visit CentricBank.com. Connect with them on Twitter, Facebook, LinkedIn, and Instagram. #FinancialLifeline #WeRevolveAroundYou.

Centric Financial Corporation is traded over the counter (OTC-Pink) with the ticker symbol CFCX.

Contact: Anne Deeter Gallaher
Tel. 717.580.4856
adg@deetergallahergroup.com

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SOURCE Centric Financial Corporation

FAQ

Who is Jessica E. Meyers and what is her role at Centric Financial Corporation?

Jessica E. Meyers is the founder and CEO of JEM Group, appointed to Centric Financial Corporation's Board of Directors effective June 17, 2021.

What impact might Jessica Meyers' appointment have on Centric Financial Corporation?

Her appointment may enhance corporate governance and risk management, contributing positively to the bank's strategic direction.

What is the significance of board diversity for Centric Financial Corporation?

Board diversity is crucial for Centric's long-term success, as it fosters varied perspectives that can help in decision-making.

When was Jessica E. Meyers appointed to the Board of Directors of Centric Financial Corporation?

Jessica E. Meyers was appointed on June 17, 2021.

What sector is Jessica E. Meyers associated with?

Jessica E. Meyers is associated with the commercial construction sector as the CEO of JEM Group.