The First National Bank of Elmer Announces Retirement of Matthew A. Swift, Chief Financial Officer/Chief Operating Officer

Rhea-AI Summary

The First National Bank of Elmer has announced the retirement of Matthew A. Swift, Executive Vice President, Chief Financial Officer, and Chief Operating Officer. His responsibilities will be taken over by Cynthia L. Volk for accounting and financial areas, while Matthew J. Haines will manage bank operations. Brian W. Jones, President and CEO, acknowledged Swift's contributions to enhancing the bank's efficiency. The bank has been serving the community since 1903 and trades under the stock symbol ELMA.

Positive

• Cynthia L. Volk and Matthew J. Haines appointed to key positions, ensuring continuity in leadership.
• Recognition of Matthew A. Swift's contributions may improve employee morale.

Negative

• Retirement of a senior executive might create uncertainty among investors.
• -

ELMER, N.J.--(BUSINESS WIRE)-- The First National Bank of Elmer has announced the retirement of Matthew A. Swift, Executive Vice President/Chief Financial Officer/Chief Operating Officer.

Brian W. Jones, President and CEO said, “Under Matt’s leadership, the accounting and financial segments have been integrated into more efficient and functional areas of the bank. I wish him the best in his retirement”.

Mr. Swift’s responsibilities for the accounting and financial areas of the bank will be assumed by Cynthia L. Volk, Senior Vice President/Financial Officer, and the bank operations areas will be assumed by Matthew J. Haines, Senior Vice President/Operating Officer.

The First National Bank of Elmer is a national community bank headquartered in Elmer, New Jersey, since 1903 with six branch office locations serving Salem, Cumberland, and Gloucester County. The company’s common stock is traded over the counter and listed on the OTC Markets under the symbol “ELMA”. More information about The First National Bank of Elmer is available online at www.elmerbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220809005931/en/

Brian W. Jones

(856) 358-7000

bjones@elmerbank.com

Source: Elmer Bancorp, Inc.

FAQ

Who will replace Matthew A. Swift at First National Bank of Elmer?

Cynthia L. Volk will assume responsibility for the accounting and financial areas, while Matthew J. Haines will manage bank operations.

What impact does the retirement of Matthew A. Swift have on ELMA?

The retirement may create short-term uncertainty among investors, despite the appointment of capable successors.

When did Matthew A. Swift retire from First National Bank of Elmer?

The press release did not specify the exact retirement date.

What is the stock symbol for First National Bank of Elmer?

The stock symbol for First National Bank of Elmer is ELMA.