Jefferson Security Bank CEO, Cindy Kitner, Appointed to the FDIC’s Advisory Committee on Community Banking

Rhea-AI Summary

Cindy A. Kitner, CPA, President and CEO of Jefferson Security Bank, has been appointed to the FDIC’s Advisory Committee on Community Banking. The committee advises the FDIC on community bank policies and regulatory issues. Kitner's leadership at Jefferson Security Bank has led to record earnings for three consecutive years and the largest asset size in the bank's history. Kitner expressed her honor in joining the committee and her commitment to influencing local banking matters.

Positive

• Kitner's appointment to the FDIC Advisory Committee is a significant recognition for her leadership.
• Under Kitner's leadership, Jefferson Security Bank achieved record earnings for three consecutive years.
• The bank reached its largest asset size in history during Kitner's tenure.

Negative

• None.

Cindy A. Kitner, CPA, President and Chief Executive Officer of Jefferson Security Bank, was recently appointed to the FDIC’s Advisory Committee on Community Banking. The Advisory Committee, which meets several times per year, provides advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters. Kitner is one of 17 members on the Advisory Committee, which is represented by a cross-section of community bankers from around the country.

Cindy A. Kitner, CPA, President and Chief Executive Officer of Jefferson Security Bank (Photo: Business Wire)

Kitner attended her first meeting earlier this month, when the Advisory Committee met to discuss local banking conditions as well as FDIC research relating to various community banking topics and initiatives. “I am honored to join the Advisory Committee and look forward to providing input on matters that have a significant impact on community banks and those we serve,” said Kitner.

Kitner is a long-time leader in the local banking community, recently celebrating her fifth year as the President and CEO of Jefferson Security Bank. The first five years of Kitner’s tenure as CEO were a time of transformation and growth for the Bank. Under Kitner’s leadership, JSB has reached the largest asset size in the Bank’s history and achieved record earnings for the last three years. Kitner has delivered strategic leadership to the Bank as acknowledged in 2020 when Jefferson Security Bank was named a “Top 200 Community Bank” by American Banker for the first time. This designation is awarded to community banks who obtain the highest level of return on average equity over a three year period. Kitner also serves on local nonprofit boards and advisory committees, and previously served on the American Bankers Association Government Relations Council as the sole representative for West Virginia for 2019 and 2020.

“Since her appointment in March 2016, President and CEO Kitner has demonstrated strong leadership and resilience along with a genuine level of care for our communities,” said Chair of the Board, Fred Parsons. “We are thrilled that she has been selected to join the Advisory Committee and congratulate her on this well-deserved appointment.”

About Jefferson Security Bank

Jefferson Security Bank is an independent community bank evolving with the needs of the customers and the communities it serves. Serving individuals, businesses and community organizations, Jefferson Security Bank strives to support entrepreneurial efforts within its target markets. Delivering long-term value to its shareholders is at the core of the organization’s culture. Jefferson Security Bank is a West Virginia state-chartered bank that was formed and opened for business on May 19, 1869, making it the oldest bank in Jefferson County, West Virginia. The bank provides general banking services in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. Visit www.JSB.bank for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210423005394/en/

FAQ

What is the significance of Cindy A. Kitner's appointment to the FDIC Advisory Committee for JFWV?

Cindy A. Kitner's appointment to the FDIC Advisory Committee signifies recognition of her leadership and insights in community banking, potentially enhancing the bank's influence and operations.

How has Jefferson Security Bank performed financially under Kitner's leadership?

Jefferson Security Bank has experienced record earnings for the last three consecutive years and reached the largest asset size in its history under Kitner's leadership.

What role does the FDIC Advisory Committee on Community Banking play?

The FDIC Advisory Committee provides advice and recommendations to the FDIC on community bank policy and regulatory matters.

When did Kitner start her role as President and CEO of Jefferson Security Bank?

Cindy A. Kitner has served as President and CEO of Jefferson Security Bank since March 2016.