Provident State Bank, Inc. Announces Chief Financial Officer

Rhea-AI Summary

PSB Holding Corp. (OTC-QX: PSBP) has appointed John A. Scaldara as Chief Financial Officer and Executive Vice President of Provident State Bank, effective February 10, 2021. His extensive banking experience is expected to significantly benefit the company. Scaldara previously held senior roles at The Columbia Bank and Fulton Financial Corporation, showcasing strong leadership capabilities. PSB President and CEO Melissa Quirk expressed confidence in Scaldara's ability to contribute to the bank's strategic future.

Positive

• Appointment of John A. Scaldara as CFO may enhance financial leadership.
• Scaldara has extensive banking experience, potentially improving operational effectiveness.

Negative

• None.

PRESTON, Md., Feb. 11, 2021 /PRNewswire/ -- PSB Holding Corp. (OTC-QX: PSBP), parent company of Provident State Bank, Inc., parent company of Provident State Bank, Inc. ("Provident"), announces the appointment of John A. Scaldara, 57, as Chief Financial Officer and Executive Vice President of Provident State Bank, Inc. and to PSB Holding Corp., effective February 10, 2021.

"I am pleased to welcome John to our executive team," said Melissa Quirk, PSB President and CEO. "John's extensive banking experience will make an immediate impact as we position PSB for the future. John brings strong leadership and is an excellent addition to the PSB team."

John started his career in banking with The Columbia Bank in 1989 as Controller and rose to COO and President before the acquisition of the Bank to Fulton Financial Corporation in February 2006. From 2006 through 2019, he held the position of Executive Vice President of FFC and CEO and Chairman of its MD banking franchise, The Columbia Bank.

Forward-Looking Statements
Forward-looking statements relating to PSB Holding Corp. and its subsidiary, Provident State Bank, Inc. may include plans, strategies, objectives, expectations, intentions and adequacy of resources.  All statements other than statements of historical fact, including, without limitation, statements regarding business strategy, future events, activities, performance, and plans and objectives for future operations, are forward-looking statements.  Therefore, the illustrative value of forward-looking statements made in or pursuant to this press release should not, under any circumstances, be considered a guaranty or promise that such future events, activities, occurrences or performances will take place.

 

 

View original content:http://www.prnewswire.com/news-releases/provident-state-bank-inc-announces-chief-financial-officer-301227040.html

SOURCE PSB Holding Corp.

FAQ

Who is the new Chief Financial Officer of PSB Holding Corp?

John A. Scaldara has been appointed as the Chief Financial Officer of PSB Holding Corp.

When was John A. Scaldara appointed as CFO of PSB Holding Corp?

John A. Scaldara was appointed as CFO effective February 10, 2021.

What experience does John A. Scaldara bring to PSB Holding Corp?

John A. Scaldara brings extensive banking experience from his previous roles at The Columbia Bank and Fulton Financial Corporation.

What are the implications of the CFO appointment for PSB Holding Corp?

The appointment of John A. Scaldara may enhance financial leadership and operational effectiveness at PSB Holding Corp.