Harleysville National Corporation Board of Directors Announces the Appointment of Paul D. Geraghty as President and Chief Execut
13 7월 2007 - 5:59AM
PR Newswire (US)
HARLEYSVILLE, Pa., July 12 /PRNewswire-FirstCall/ -- The Board of
Directors of Harleysville National Corporation ("HNC") announced
its appointment of Paul D. Geraghty as President, Chief Executive
Officer and director of HNC and a director of Harleysville National
Bank effective July 23, 2007. Demetra M. Takes, who served as
interim President and Chief Executive Officer of the Corporation
will remain as President and Chief Executive Officer of
Harleysville National Bank and Trust Company, the Corporation's
wholly-owned subsidiary. Paul is formerly an Executive Vice
President of National City Corporation responsible since September,
2006 for Debt Capital Markets, Derivatives, Public Finance,
Investment Banking (mergers and acquisitions), Treasury management,
International, Commercial equipment leasing and asset-based
financing and client service and support for the entire wholesale
bank. From March 2004 to September 2006, he was responsible for
National City Corporation's regional banks in KY and PA,
Specialized Industries, Leasing, Commercial Finance, Treasury
management and International divisions. From 1999 to February,
2004, he was Executive Vice-President of National City Bank
responsible for Specialized Industries, Large Corporate Banking and
Treasury management. Speaking on behalf of the Board of Directors,
Walter E. Daller, Jr., Chairman of the Board of Directors said,
"The Board engaged a comprehensive search to find the best
candidate to lead Harleysville National Corporation. The Board is
confident that Paul is well qualified to lead the company as it
embarks upon its next phase of profitable growth and enhancement of
long-term shareholder value. We are very excited that Paul has
decided to join our team. The Board would also like to express its
deep appreciation to Ms. Takes who has guided our company through
this transitional phase." "I am thrilled, and feel privileged to
have the opportunity to lead HNC. HNC is a premier, top quality
franchise with a vaunted history, operating in some of the best
markets in Eastern Pennsylvania," said Paul. With a dedicated team
of high quality people combined with a broad array of products for
retail and commercial customers, I think HNC is a terrific partner
for customers in our market. I grew up in Lansdale and attended
graduate school at Lehigh University in Bethlehem and spent many
years at CoreStates/Philadelphia National Bank working with
customers in Eastern Pennsylvania. I cannot wait to be back in that
market again; this time representing HNC." Harleysville National
Corporation, with assets exceeding $3.3 billion, is the holding
company for Harleysville National Bank ("HNB"). Investment
Management and Trust Services are provided through Millennium
Wealth Management, a division of HNB with assets under management
in excess of $3.0 billion. Harleysville National Corporation stock
is traded under the symbol "HNBC" and is commonly quoted under
Nasdaq Global Market Issues. For more information, visit the
Harleysville National Corporation website at
http://www.hncbank.com/. This press release may contain
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Actual results and trends could
differ materially from those set forth in such statements due to
various factors. Such factors include the possibility that
increased demand or prices for the Company's financial services and
products may not occur, changing economic and competitive
conditions, technological developments, and other risks and
uncertainties, including those detailed in the company's filings
with the Securities and Exchange Commission. DATASOURCE:
Harleysville National Corporation CONTACT: Walter E. Daller, Jr.,
Chairman of the Board of Harleysville National Corporation,
+1-215-256-8851 Web site: http://www.harleysvillebank.com/
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