Muncy Bank Financial, Inc. Appoints New Director

Rhea-AI Summary

Muncy Bank Financial, Inc. (OTCQB:MYBF) has announced the appointment of Stephen M. Tasselli to its Board of Directors during the August meeting. Tasselli, with over 30 years in banking, previously served as a business development consultant for The Muncy Bank and Trust Company. He will also contribute to several committees including Salary and Investor Relations. His local knowledge and extensive experience are expected to aid in the bank's ongoing success. Muncy Bank operates multiple branches and plans to open a new location in South Williamsport in 2022.

Positive

• Stephen M. Tasselli brings over 30 years of banking experience, enhancing the board's leadership.
• His local business knowledge is expected to positively impact Muncy Bank's operations and community engagement.
• Tasselli's involvement in multiple committees may streamline decision-making processes.

Negative

• None.

Robert J. Glunk, Chairman of the Board, is pleased to announce that Stephen M. Tasselli was appointed to the Board of Muncy Bank Financial, Inc. (OTCQB:MYBF) during the August Board Meeting. In addition, he will serve as a member of the company’s Salary, ALCO, Trust, Building and Investor Relations Committees.

Prior to joining Muncy Bank Financial, Inc. as a Director, Mr. Tasselli was a business development consultant for The Muncy Bank and Trust Company. He has over 30-years of banking experience working in all aspects bank operations, lending and executive leadership. According to Glunk, “With Steve’s banking and leadership experience, he is an incredible addition to our board. His understanding of the local business environment as well as his extensive banking knowledge will continue to help Muncy Bank succeed.”

A resident of Clinton County, Tasselli is a graduate of Lock Haven High School and Lock Haven University. He is involved in the local community, currently serving as a Bald Eagle Township Supervisor, and an active member of the Lock Haven University Foundation Board serving as President, and a member of the Foundation’s Executive Council and Finance Committee. He is also a long-time dedicated member of The Sons and Daughters of Italy – Giosue Carducci Lodge.

Tasselli has past service with Leadership Lycoming, Lycoming Industrial Development Authority-Secretary/Treasurer, Pennsylvania Industrial Property Development Board and Saint Agnes Parish Church Finance Council.

Tasselli stated, “I’m excited about joining the Muncy Bank Financial Inc. Board of Directors. I’ve worked with the Muncy Bank team throughout my banking career and it’s a wonderful feeling to continue to help the bank, shareholders and customers succeed.”

About Muncy Bank Financial Inc.

Muncy Bank Financial, Inc. is the bank holding company for The Muncy Bank & Trust Company. The Muncy Bank & Trust Company serves customers through their retail banking, commercial banking, and financial services divisions. Muncy Bank offices are located in the communities of Muncy, Clarkstown, Hughesville, Montoursville, Dewart, Avis, Linden, and Montgomery. A new Muncy Bank office is scheduled to open in South Williamsport during 2022.

Source: Muncy Bank Financial, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210819005502/en/

FAQ

Who is Stephen M. Tasselli and what is his role at Muncy Bank Financial?

Stephen M. Tasselli has been appointed to the Board of Directors of Muncy Bank Financial, Inc. He will also serve on several committees including Salary, ALCO, and Investor Relations.

What experience does Stephen M. Tasselli bring to Muncy Bank Financial?

Tasselli has over 30 years of banking experience, having previously served as a business development consultant for The Muncy Bank and Trust Company.

How can Tasselli's appointment impact Muncy Bank Financial's future?

With his extensive banking knowledge and local business insight, Tasselli's appointment is expected to support Muncy Bank's continued growth and success.

What is the current operational footprint of Muncy Bank Financial?

Muncy Bank Financial, Inc. operates in multiple locations including Muncy, Clarkstown, and Hughesville, with a new office opening in South Williamsport planned for 2022.