The Board of Directors of Harleysville Financial Corporation (the “Company”)(OTCQX: HARL), holding company for Harleysville Bank (the “Bank”), announced today that Ronald B. Geib, Chief Executive Officer, will retire from active management of the Company and Bank as CEO on March 30, 2018. He will continue as a board member and as Chairman of both the Corporation and the Bank.
The Company’s Board of Directors unanimously approved Brendan J. McGill, current President and Chief Operating Officer to succeed Geib as CEO effective March 31, 2018. With over 20 years of banking experience, Mr. McGill joined the Bank in September, 1999 as Senior Vice President, Chief Financial Officer and Treasurer. In January, 2014 Mr. McGill was elected as a director of the Bank and the Company. Mr. McGill is actively involved in the community; he is currently on the Board of Directors and Finance Committee at Spruce Lake Retreat, a member of the Greater Philadelphia and Southern New Jersey United Way local board, and a member of the Federal Home Loan Bank of Pittsburgh board.
CEO Ron Geib stated, “Brendan has been with the Bank for almost 20 years and has demonstrated the willingness and ability to fulfill the responsibilities assigned to him. Brendan is well prepared to serve as Chief Executive Officer of the Bank and the Company. This step is part of the implementation of our executive succession plan and is essential in order for us to continue to remain an independent, profitable community bank and to be able to continue creating value for all our stakeholders.”
Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania.